NOT LISTED FOR SALE

6508 E Old West Way Cave Creek, AZ 85331

Terravita Neighborhood

Estimated Value: $1,496,000 - $1,593,000

5 Beds
3 Baths
3,791 Sq Ft
$406/Sq Ft Est. Value

About This Home

This home is located at 6508 E Old West Way, Cave Creek, AZ 85331 and is currently estimated at $1,541,010, approximately $406 per square foot. 6508 E Old West Way is a home located in Maricopa County with nearby schools including Black Mountain Elementary School, Cactus Shadows High School, and Sonoran Trails Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 25, 2024
Sold by
Peter W Hermes W and Peter Maxine M
Bought by
Fire Rock Trust and Walton
Current Estimated Value
$1,541,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,470,000
Outstanding Balance
$1,455,283
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$85,727

Purchase Details

Closed on
May 3, 2010
Sold by
Miller Vicki L Carpel
Bought by
Hermes Peter W and Hermes Maxine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2006
Sold by
Rizzo Peter L
Bought by
Ritz Construction Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.21%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 27, 2006
Sold by
Ritz Construction Co Inc
Bought by
Miller Vicki L Carpel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.21%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 9, 2004
Sold by
Ritz Construction Inc
Bought by
Rizzo Peter L and The Peter L Rizzo Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.77%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 2, 1998
Sold by
Young Craig A and Young Joanne L
Bought by
Ritz Construction Inc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fire Rock Trust $1,550,000 Magnus Title Agency
Hermes Peter W $560,000 Fidelity Natl Title Ins Co
Ritz Construction Co Inc -- First American Title Ins Co
Miller Vicki L Carpel $975,000 First American Title Ins Co
Rizzo Peter L -- First American Title Ins Co
Ritz Construction Inc $89,000 Fidelity Title
Young Craig A -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fire Rock Trust $1,470,000
Previous Owner Hermes Peter W $417,000
Previous Owner Miller Vicki L Carpel $720,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,810 $74,314 -- --
2024 $2,689 $70,775 -- --
2023 $2,689 $91,520 $18,300 $73,220
2022 $2,635 $71,450 $14,290 $57,160
2021 $2,957 $68,710 $13,740 $54,970
2020 $2,915 $62,500 $12,500 $50,000
2019 $2,827 $61,310 $12,260 $49,050
2018 $2,721 $59,610 $11,920 $47,690
2017 $2,623 $58,080 $11,610 $46,470
2016 $2,608 $56,160 $11,230 $44,930
2015 $2,468 $52,500 $10,500 $42,000
Source: Public Records

Map

Arizona Maricopa County Cave Creek 85331 Terravita

6508 E Old West Way, Cave Creek, AZ

This home is located at 6508 E Old West Way, Cave Creek, AZ 85331 and is currently estimated at $1,541,010, approximately $406 per square foot. 6508 E Old West Way is a home located in Maricopa County with nearby schools including Black Mountain Elementary School, Cactus Shadows High School, and Sonoran Trails Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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