Seller's Agent in 2021
Zeek Minic
RETSY
(602) 214-5157
1 in this area
40 Total Sales
6543 N 40th St Paradise Valley, AZ 85253
Estimated Value: $3,880,000 - $4,515,000
7
Beds
6.5
Baths
5,583
Sq Ft
$769/Sq Ft
Est. Value
Highlights
- Guest House
- Tennis Courts
- RV Access or Parking
- Kiva Elementary School Rated A
- Heated Pool
- Mountain View
About This Home
As of November 2021Majestic mountain and city views greet you as you enter this private estate. Built for entertaining, you'll enjoy the gourmet kitchen with luxury Viking appliances, walk-in pantry with commercial fridge, large island and wall of windows with French doors opening up to the ultimate resort styled backyard. Enjoy entertaining friends and family while cooking in your outdoor kitchen, complete with fridge, built-BBQ & warming drawers. Relax in the heated pool/spa. Separate pool house is perfectly situated with wall of windows showcasing mountain view and doubles as a game room or casita. A few steps down, on the lower level of this estate there is an additional guest house with private gated entrance, featuring a kitchen, living room, large bedroom and game room and opens up to your own private lighted tennis courts. The main house features 5 bedrooms and 4.5 baths. Gracious primary bedroom has cozy fireplace and French doors that opens to backyard. Secondary bedroom are all generous sized w/several showcasing mountain views. There is so much more to this beautiful estate which offer warmth and charm along with an entertainment experience that can be enjoyed by all, you don't want to miss.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,395
Year Built
- Built in 1966
Lot Details
- 0.99 Acre Lot
- Cul-De-Sac
- Block Wall Fence
- Artificial Turf
- Corner Lot
- Sprinklers on Timer
- Grass Covered Lot
Parking
- 4 Car Direct Access Garage
- 16 Open Parking Spaces
- Garage ceiling height seven feet or more
- Side or Rear Entrance to Parking
- Garage Door Opener
- RV Access or Parking
Home Design
- Contemporary Architecture
- Wood Frame Construction
- Composition Roof
- Foam Roof
- Block Exterior
- Stone Exterior Construction
- Stucco
Interior Spaces
- 5,583 Sq Ft Home
- 1-Story Property
- Wet Bar
- Vaulted Ceiling
- Ceiling Fan
- Gas Fireplace
- Double Pane Windows
- Low Emissivity Windows
- Vinyl Clad Windows
- Tinted Windows
- Solar Screens
- Family Room with Fireplace
- 2 Fireplaces
- Mountain Views
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Gas Cooktop
- Built-In Microwave
- Kitchen Island
Flooring
- Wood
- Stone
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- Fireplace in Primary Bedroom
- Remodeled Bathroom
- Primary Bathroom is a Full Bathroom
- 6.5 Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Hydromassage or Jetted Bathtub
- Bathtub With Separate Shower Stall
Home Security
- Security System Owned
- Intercom
- Smart Home
Pool
- Heated Pool
- Heated Spa
Outdoor Features
- Tennis Courts
- Balcony
- Covered Patio or Porch
- Fire Pit
- Built-In Barbecue
- Playground
Additional Homes
- Guest House
Schools
- Hopi Elementary School
- Ingleside Middle School
- Arcadia High School
Utilities
- Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Water Softener
- Septic Tank
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tax Lot 17
- Assessor Parcel Number 169-52-007
Community Details
Overview
- No Home Owners Association
- Association fees include no fees
- Lincoln Heights 8, 12 25, 31 44 Subdivision
Recreation
- Sport Court
- Handball Court
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 29, 2021
Closed on
Oct 26, 2021
Sold by
Mello Thomas
Bought by
Bhat Pradeep and Bhat Deepti
Seller's Agent
Zeek Minic
RETSY
Buyer's Agent
Jonas Funston
Realty ONE Group
List Price
$3,195,000
Sold Price
$3,195,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,096,000
Avg. Annual Appreciation
7.81%
Original Mortgage
$2,556,000
Outstanding Balance
$2,335,886
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,955,114
Purchase Details
Listed on
Dec 15, 2018
Closed on
Sep 3, 2020
Sold by
Montanarella Paul D and Montanarella Cindy J
Bought by
Mello Thomas Anthony
Seller's Agent
Jessica Schaefer
Russ Lyon Sotheby's International Realty
Buyer's Agent
Scott Marlow
eXp Realty
List Price
$235,000
Sold Price
$2,500,000
Premium/Discount to List
$2,265,000
963.83%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.55%
Purchase Details
Closed on
Jan 11, 2018
Sold by
Montanarella Paul D and Montanarella Cindy J
Bought by
Montanarella Pual D and Montanarella Cindy J
Purchase Details
Listed on
Oct 15, 2016
Closed on
Jan 9, 2017
Sold by
Stone Jeffrey C
Bought by
Montanarella Paul D and Montanarella Cindy J
Seller's Agent
Cionne McCarthy
Russ Lyon Sotheby's International Realty
Buyer's Agent
Jessica Schaefer
Russ Lyon Sotheby's International Realty
List Price
$1,995,000
Sold Price
$2,000,000
Premium/Discount to List
$5,000
0.25%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.15%
Original Mortgage
$1,500,000
Interest Rate
5.25%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 21, 2014
Closed on
Jul 2, 2014
Sold by
Wells Fargo Bank Na
Bought by
Stone Jeff and Mcalister Lisa Pavelka
Seller's Agent
James Edens
Capstone Realty Professionals
Buyer's Agent
Lewis Patrick
Patrick Properties
List Price
$829,900
Sold Price
$835,000
Premium/Discount to List
$5,100
0.61%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.66%
Original Mortgage
$1,138,000
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 13, 2014
Sold by
Adum Pedro
Bought by
Wells Fargo Bank Na
Purchase Details
Closed on
Jun 21, 2005
Sold by
Luzzardi Lucio
Bought by
Adum Pedro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
1.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 8, 2005
Sold by
Luzzardi Kacee
Bought by
Luzzardi Lucio
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 28, 2002
Sold by
Luzzardi Kacee
Bought by
Luzzardi Lucio
Purchase Details
Closed on
Dec 22, 1994
Sold by
Benson Gaius U
Bought by
Benson Gaius U
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,130
Interest Rate
8.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 31, 1994
Sold by
Benson Gaius U
Bought by
Clark Charles J and Clark Linda E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,130
Interest Rate
8.37%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bhat Pradeep | $3,195,000 | American Title Svc Agcy Llc | |
| Mello Thomas Anthony | $2,500,000 | Magnus Title Agency | |
| Montanarella Pual D | -- | None Available | |
| Montanarella Paul D | $2,000,000 | Fidelity Natl Title Agency I | |
| Stone Jeff | $835,000 | Security Title Agency | |
| Wells Fargo Bank Na | $1,965,620 | None Available | |
| Adum Pedro | $1,500,000 | Guaranty Title Agency | |
| Luzzardi Lucio | -- | -- | |
| Luzzardi Lucio | -- | United Title Agency Inc | |
| Luzzardi Lucio | $811,000 | United Title Agency Inc | |
| Benson Gaius U | -- | Old Republic Title Agency | |
| Clark Charles J | $352,500 | Old Republic Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bhat Pradeep | $2,556,000 | |
| Previous Owner | Montanarella Paul D | $1,500,000 | |
| Previous Owner | Stone Jeff | $1,138,000 | |
| Previous Owner | Adum Pedro | $975,000 | |
| Previous Owner | Luzzardi Lucio | $300,000 | |
| Previous Owner | Clark Charles J | $272,130 | |
| Closed | Adum Pedro | $375,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/04/2021 11/04/21 | Sold | $3,195,000 | 0.0% | $572 / Sq Ft | |
| 10/03/2021 10/03/21 | Pending | -- | -- | -- | |
| 09/29/2021 09/29/21 | For Sale | $3,195,000 | +27.8% | $572 / Sq Ft | |
| 09/08/2020 09/08/20 | Sold | $2,500,000 | 0.0% | $441 / Sq Ft | View Prior Sale |
| 08/28/2020 08/28/20 | Price Changed | $2,500,000 | +6.4% | $441 / Sq Ft | |
| 08/20/2020 08/20/20 | Pending | -- | -- | -- | |
| 05/01/2020 05/01/20 | Price Changed | $2,350,000 | +900.0% | $415 / Sq Ft | |
| 05/01/2020 05/01/20 | For Sale | $235,000 | 0.0% | $41 / Sq Ft | |
| 05/01/2020 05/01/20 | Price Changed | $235,000 | -90.6% | $41 / Sq Ft | |
| 02/22/2019 02/22/19 | Off Market | $2,500,000 | -- | -- | |
| 12/15/2018 12/15/18 | For Sale | $2,500,000 | +25.0% | $441 / Sq Ft | |
| 01/17/2017 01/17/17 | Sold | $2,000,000 | +0.3% | $274 / Sq Ft | View Prior Sale |
| 10/15/2016 10/15/16 | For Sale | $1,995,000 | +138.9% | $274 / Sq Ft | |
| 06/27/2014 06/27/14 | Sold | $835,000 | +0.6% | $133 / Sq Ft | View Prior Sale |
| 06/12/2014 06/12/14 | Pending | -- | -- | -- | |
| 06/02/2014 06/02/14 | For Sale | $829,900 | 0.0% | $132 / Sq Ft | |
| 06/02/2014 06/02/14 | Price Changed | $829,900 | -7.8% | $132 / Sq Ft | |
| 05/12/2014 05/12/14 | Pending | -- | -- | -- | |
| 04/21/2014 04/21/14 | For Sale | $899,900 | -- | $144 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $6,754 | $125,087 | -- | -- |
| 2024 | $6,652 | $119,131 | -- | -- |
| 2023 | $6,652 | $221,780 | $44,350 | $177,430 |
| 2022 | $6,357 | $167,550 | $33,510 | $134,040 |
| 2021 | $7,395 | $157,470 | $31,490 | $125,980 |
| 2020 | $7,348 | $165,280 | $33,050 | $132,230 |
| 2019 | $6,494 | $137,970 | $27,590 | $110,380 |
| 2018 | $6,231 | $129,160 | $25,830 | $103,330 |
| 2017 | $5,962 | $111,400 | $22,280 | $89,120 |
| 2016 | $7,518 | $128,460 | $25,690 | $102,770 |
| 2015 | $7,103 | $125,230 | $25,040 | $100,190 |
Source: Public Records
Agents Affiliated with this Home
-
Zeek Minic
-
Jonas Funston
Buyer's Agent in 2021
Jonas Funston
Realty One Group
(480) 313-6181
1 in this area
231 Total Sales
-
Jessica Schaefer
Seller's Agent in 2020
Jessica Schaefer
Russ Lyon Sotheby's International Realty
(602) 403-0614
1 in this area
108 Total Sales
-
Scott Marlow
Buyer's Agent in 2020
Scott Marlow
eXp Realty
(480) 363-2820
44 Total Sales
-
Cionne McCarthy
Seller's Agent in 2017
Cionne McCarthy
Russ Lyon Sotheby's International Realty
(602) 619-4550
25 in this area
88 Total Sales
-
Mikhail Quijada
Seller Co-Listing Agent in 2017
Mikhail Quijada
Compass
(480) 206-6920
23 in this area
72 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6300016
APN: 169-52-007
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.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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