NOT LISTED FOR SALE

Estimated Value: $2,285,000 - $2,644,000

2.3 Acres
$1,063,517 Price per Acre
100,188 Sq Ft Lot

Last Sold August 01, 2017

Last sale price $850,000

Est. 188% increase in value since last sale

Current estimated payment $14,297/month

103 Days on Market

Highlights

  • Gated with Attendant
  • City Lights View
  • Property is near a preserve or public land
  • Phoenix Coding Academy Rated A
  • 2.3 Acre Lot
  • Wood Fence

About This Lot

As of August 2017

HIDDEN AWAY ALONG THE HILLSIDE OF THE PHOENIX MOUNTAIN PRESERVE IS AN EXQUISITE, GATED AND GUARDED ENCLAVE OF LUXURY. WELCOME TO PARADISE RESERVE, AN INCOMPARABLE HIGH-DESERT LUXURY DESERT RETREAT OF TRULY INSPIRED LIVING. AS ONE OF THE LAST PRIVATE PROPERTIES BORDERING THE PRESERVE, THIS UNPARALLELED COLLECTION OF COVETED MOUNTAINSIDE PROPERTIES OFFERS DISCERNING BUYERS THE RARE OPPORTUNITY TO BUILD THEIR OWN CUSTOM ARCHITECTURAL MASTERPIECE AND LIVE A TRULY ELEVATED LIFESTYLE ON PRISTINE ACREAGE BOASTING AWE-INSPIRING VISTAS AND UNSPOILED DESERT AMBIANCE. INCREDIBLE VIEWS OF CAMELBACK MOUNTAIN, PHOENIX MOUNTAIN PRESERVE AND DOWNTOWN PHOENIX. “BUILD TO SUIT PRICING”. ARCHITECTURE IS INCLUDED, FIXED PRICED BUILDING, DETAILED SPEC SHEET ROOM BY ROOM, DESIGN CENTER FOR SELECTIONS ALL OFFERED BY CULLUM HOMES, RANKED NUMBER #1 CUSTOM HOME BUILDER IN ARIZONA BY THE PHOENIX JOURNAL. CULLUM HOMES IS THE ONLY BUILDER IN ARIZONA TO OFFER VIRTUAL REALITY WHEN IT COMES TO BUILDING WHICH CREATES AN EXPERIENCE LIKE NO OTHER. TRULY THE BEST VALUE FOR A LOT IN PARADISE VALLEY! 24/7 GUARD GATED COMMUNITY FOR PRIVACY AND SECURITY. TRANQUIL YET CLOSE TO THE ACTION. THE BEST OF BOTH WORLDS. NO MATTER WHAT YOUR INTERESTS, AN EXTRAORDINARY LIFE AWAITS AT PARADISE RESERVE.

Last Agent to Sell the Property

Scott Grigg

Grigg's Group Powered by The Altman Brothers License #SA561582000 Listed on: 04/14/2017

Last Buyer's Agent

Scott Grigg

Launch Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $17,071

Lot Details

  • 2.3 Acre Lot
  • Wood Fence
  • Property is zoned R-43

HOA Fees

  • $374 Monthly HOA Fees

Property Views

  • City Lights
  • Mountain

Schools

  • Biltmore Preparatory Academy Elementary And Middle School
  • Camelback High School

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 164-03-122

Community Details

Overview

  • Paradise Reserve Association, Phone Number (602) 263-7772
  • Paradise Reserve Subdivision
  • Property is near a preserve or public land

Security

  • Gated with Attendant

Property Details

Property Type

Land

Est. Annual Taxes

$17,071

Lot Details

0

HOA Fees

$374 per month

Listing Details

  • Cross Street: 40TH ST & LINCOLN DR
  • Legal Info Range: 3E
  • Property Type: Land
  • Development Status: See Remarks, Subdivision Plat Apv, Plans Available, On Site Imp Needed
  • Topography: {"Hillside":true,"Mountainous":true}
  • Zoning: R-43
  • Tax Year: 2016
  • Directions: WEST ON LINCOLN DR, JUST PAST 40TH ST. SUBDIVISION IS ON THE NORTH SIDE OF LINCOLN. PROCEED THRU GUARD GATE HOUSE.
  • Lot Size Acres: 2.3
  • Road Surface Type: Asphalt, Private Street
  • Subdivision Name: PARADISE RESERVE
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family
  • Land Features:Gated Community3: Yes

Exterior Features

  • Fencing: Wood
  • Lot Features: Other, City Light View(s), Mountain View(s), Gated Community, Guarded Entry, Borders Pres/Pub Lnd
  • Disclosures: Other (See Rmks), Development Pln Aval
  • Other Structures: None

Utilities

  • Electric: SRP, Underground, Individual Meter
  • Water Source: City Franchise

Condo/Co-op/Association

  • Annual HOA Fees: 2241.0
  • HOA Paid Frequency: Semi-Annually
  • HOA Telephone: 602.263.7772
  • HOA Transfer Fee: 400.0
  • Association Fee: 2241.0
  • Association Fee Frequency: Semi-Annually
  • Association Name: PARADISE RESERVE
  • Phone: 602-263-7772
  • Association: Yes

Schools

  • Elementary School: Biltmore Preparatory Academy
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Biltmore Preparatory Academy

Lot Info

  • Lot Size: IRREGULAR
  • Lot Size Sq Ft: 100058.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 164-03-122
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 17071.0
  • Tax Book Number: 164.00
  • Tax Lot: 1
  • Tax Map Number: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2024
Sold by
House Mountain Llc
Bought by
Windmill Investments Limited Partnership
Current Estimated Value
$2,446,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,250,000
Outstanding Balance
$2,226,112
Interest Rate
6.77%
Mortgage Type
Seller Take Back
Estimated Equity
$219,978

Purchase Details

Listed on
Apr 14, 2017
Closed on
Jul 31, 2017
Sold by
Vpr Builders Llc
Bought by
House Mountain Llc
Seller's Agent
Scott Grigg
Grigg's Group Powered by The Altman Brothers
Buyer's Agent
Scott Grigg
Grigg's Group Powered by The Altman Brothers
List Price
$850,000
Sold Price
$850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.79%

Purchase Details

Closed on
Mar 14, 2017
Sold by
Victory Land Llc
Bought by
Vpr Builders Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
4.15%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 5, 2011
Sold by
Lincoln 40 Investments Llc
Bought by
Victory Land Llc

Purchase Details

Closed on
Nov 19, 2008
Sold by
Lincoln 40 Investments Llc
Bought by
Lincoln 40 Community Association

Purchase Details

Closed on
Dec 30, 2005
Sold by
Sps Investments Lc
Bought by
Lincoln 40 Investments Llc
Source: Public Records

Range of Values:

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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
Windmill Investments Limited Partnership $2,250,000 First American Title
House Mountain Llc $1,180,715 Fidelity National Title Co
Vpr Builders Llc $1,750,000 None Available
Victory Land Llc $7,500,000 None Available
Lincoln 40 Community Association -- The Talon Group Tatum Garden
Lincoln 40 Investments Llc -- Camelback Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Windmill Investments Limited Partnership $2,250,000
Previous Owner Vpr Builders Llc $3,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2017 08/02/17 Price Changed $850,000 0.0% --
08/01/2017 08/01/17 Sold $850,000 0.0% --
07/26/2017 07/26/17 Pending -- -- --
07/25/2017 07/25/17 Pending -- -- --
04/14/2017 04/14/17 For Sale $850,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $10,839 $83,372 -- --
2024 $10,714 $79,402 -- --
2023 $10,714 $151,950 $30,390 $121,560
2022 $10,293 $111,180 $22,230 $88,950
2021 $10,544 $98,700 $19,740 $78,960
2020 $10,287 $93,320 $18,660 $74,660
2019 $18,860 $118,365 $118,365 $0
2018 $18,472 $129,045 $129,045 $0
2017 $17,758 $119,295 $119,295 $0
2016 $17,071 $99,225 $99,225 $0
2015 $17,811 $109,280 $109,280 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5590680

Arizona Regional Multiple Listing Service (ARMLS)

APN: 164-03-122