NOT LISTED FOR SALE

6725 E Rovey Ave Unit 2 Paradise Valley, AZ 85253

Indian Bend Neighborhood

Estimated Value: $6,934,000 - $8,564,000

1 Acre
$7,509,047 Price per Acre
43,560 Sq Ft Lot

Last Sold August 17, 2015

Last sale price $1,018,000

Est. 638% increase in value since last sale

Current estimated payment $41,370/month

126 Days on Market

Highlights

  • 1 Acre Lot
  • Mountain View
  • Corner Lot
  • Kiva Elementary School Rated A

About This Lot

As of August 2015

Premium North/South facing lot situated next to $4.9 million dollar property. Spectacular views of Camelback, Mummy Mountain and Praying Monk. This is the perfect time to custom build your own home on this premier street in Paradise Valley!!!

Last Agent to Sell the Property

Brian Kusmer

Keller Williams Arizona Realty License #SA508229000 Listed on: 01/12/2015

Keller Williams Arizona Realty

Last Buyer's Agent

Brian Kusmer

RE/MAX Fine Properties

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,575

Lot Details

  • 1 Acre Lot
  • Block Wall Fence
  • Corner Lot
  • Property is zoned R-43

HOA Fees

  • $185 Monthly HOA Fees

Schools

  • Kiva Elementary School
  • Mohave Middle School
  • Saguaro High School

Additional Features

  • Mountain Views
  • North or South Exposure

Community Details

  • Rancho Valencia HOA, Phone Number (480) 442-3804
  • Rancho Valencia Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 174-67-020

Property Details

Property Type

Land

Est. Annual Taxes

$5,575

Lot Details

0

HOA Fees

$185 per month

Listing Details

  • Cross Street: NWC of Mockingbird and McDonald
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: Raw Land, On Site Imp Cmplete
  • Zoning: R-43
  • Tax Year: 2014
  • Directions: From Scottsdale, West on McDonald, North on Mockingbird, First left into Rancho Valencia, 2nd Lot on left
  • Lot Size Acres: 1.0
  • Subdivision Name: Rancho Valencia
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Fencing: Block
  • Lot Features: Corner Lot, Mountain View(s), North/South Exp
  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: Private Franchise

Condo/Co-op/Association

  • Annual HOA Fees: 185.0
  • HOA Paid Frequency: Monthly
  • HOA Telephone: 480-442-3804
  • HOA Transfer Fee: 240.0
  • Association Fee: 185.0
  • Association Fee Frequency: Monthly
  • Association Name: Rancho Valencia HOA
  • Phone: 480-442-3804
  • Association: Yes

Schools

  • Elementary School: Kiva Elementary School
  • High School: Saguaro High School
  • Middle Or Junior School: Mohave Middle School

Lot Info

  • Lot Size Sq Ft: 43560.0
  • Additional Parcels: No
  • Parcel #: 174-67-020
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 5575.28
  • Tax Book Number: 174.00
  • Tax Lot: 2
  • Tax Map Number: 67.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2025
Sold by
Sciventus Llc
Bought by
Reed Guy L and Reed Donna Marie
Current Estimated Value
$7,509,047

Purchase Details

Closed on
Oct 2, 2017
Sold by
Dg Residential Sales Llc
Bought by
Sciventus Llc

Purchase Details

Listed on
Jan 12, 2015
Closed on
Aug 13, 2015
Sold by
Norton Development Company
Bought by
Dg Residential Sales Llc
Seller's Agent
Brian Kusmer
Keller Williams Arizona Realty
Buyer's Agent
Brian Kusmer
Keller Williams Arizona Realty
List Price
$995,000
Sold Price
$1,018,000
Premium/Discount to List
$23,000
2.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.74%

Purchase Details

Closed on
May 29, 2015
Sold by
Rappino Luigi and Ramsey Rappino Sheri
Bought by
Norton Development Company

Purchase Details

Closed on
Apr 16, 2015
Sold by
Rappino Luigi and Ramsey Rappino Sheri
Bought by
Rappino Luigi and Ramsey Rappino Sheri

Purchase Details

Closed on
Nov 27, 2013
Sold by
Lecase Llc
Bought by
Rappino Luigi and Ramsey Rappino Sheri

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
4.23%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
May 11, 2011
Closed on
Jun 11, 2012
Sold by
Bmo Harris Bank Na
Bought by
Lecase Llc
Seller's Agent
Sandra Wilken
America One Luxury Real Estate
Buyer's Agent
Sandra Wilken
America One Luxury Real Estate
List Price
$850,000
Sold Price
$600,000
Premium/Discount to List
-$250,000
-29.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.87%
Original Mortgage
$1,400,000
Interest Rate
3.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2011
Sold by
Krg Corp
Bought by
M & I Marshall & Ilsley Bank

Purchase Details

Closed on
Dec 28, 2009
Sold by
Krg Corp
Bought by
Rtrv Development 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
Reed Guy L -- --
Sciventus Llc $3,425,000 Chicago Title Agency Inc
Dg Residential Sales Llc $1,018,000 Old Republic Title Agency
Norton Development Company $1,018,000 Old Republic Title Agency
Rappino Luigi -- None Available
Rappino Luigi $900,000 Old Republic Title Agency
Lecase Llc $1,800,000 Fidelity Natl Title Agency I
M & I Marshall & Ilsley Bank -- None Available
M & I Marshall & Ilsley Bank -- None Available
M & I Marshall & Ilsley Bank -- None Available
Rtrv Development Llc -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rappino Luigi $100,000
Previous Owner Lecase Llc $1,400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/17/2015 08/17/15 Sold $1,018,000 +2.3% --
05/18/2015 05/18/15 Pending -- -- --
01/12/2015 01/12/15 For Sale $995,000 +65.8% --
06/14/2012 06/14/12 Sold $600,000 -29.4% $14 / Sq Ft View Prior Sale
05/04/2012 05/04/12 Pending -- -- --
05/11/2011 05/11/11 For Sale $850,000 -- $20 / Sq Ft
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 $16,485 $261,192 -- --
2024 $16,112 $248,754 -- --
2023 $16,112 $394,210 $78,840 $315,370
2022 $15,685 $318,300 $63,660 $254,640
2021 $16,841 $309,860 $61,970 $247,890
2020 $16,231 $300,930 $60,180 $240,750
2019 $15,449 $259,220 $51,840 $207,380
2018 $14,341 $174,520 $34,900 $139,620
2017 $9,398 $160,920 $32,180 $128,740
2016 $4,966 $81,525 $81,525 $0
2015 $5,062 $104,976 $104,976 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Kusmer

    Seller's Agent in 2015

    Brian Kusmer

    Keller Williams Arizona Realty

    (602) 469-5823

    1 in this area

    53 Total Sales

    Brian Kusmer
    Section Image
  • Sandra Wilken

    Seller's Agent in 2012

    Sandra Wilken

    America One Luxury Real Estate

    (480) 390-6050

    1 in this area

    63 Total Sales

    Sandra Wilken
    Section Image
  • Lexie Fabor

    Seller Co-Listing Agent in 2012

    Lexie Fabor

    Compass

    (602) 386-9967

    1 in this area

    29 Total Sales

    Lexie Fabor
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5220341

Arizona Regional Multiple Listing Service (ARMLS)

APN: 174-67-020

Arizona Maricopa County Paradise Valley 85253 Indian Bend

6725 E Rovey Ave Unit 2, Paradise Valley, AZ

This home is located at 6725 E Rovey Ave Unit 2, Paradise Valley, AZ 85253 since 12 January 2015 and is currently estimated at $7,509,047. 6725 E Rovey Ave Unit 2 is a home located in Maricopa County with nearby schools including Kiva Elementary School, Mohave Middle School, and Saguaro High 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.

Arizona Regional Multiple Listing Service (ARMLS) 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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