NOT LISTED FOR SALE

6733 E Exeter Blvd Unit 2 Scottsdale, AZ 85251

Indian Bend Neighborhood

Estimated Value: $5,008,850

1.03 Acres
$4,862,961 Price per Acre
44,867 Sq Ft Lot

Last Sold April 22, 2024

Last sale price $2,900,000

Est. 73% increase in value since last sale

Current estimated payment $26,550/month

136 Days on Market

About This Lot

As of April 2024

This exceptional lot sits on one of the best stretches of real estate in the Valley. Measuring just over an acre, and surrounded my multi-million-dollar estates, the opportunity is endless. The highly coveted location is as good as it gets, and the mountain views create an incomparable setting. This is a rare trophy lot the likes of which is seldom available.

Last Agent to Sell the Property

Christopher Karas

Compass License #SA555869000 Listed on: 10/23/2023

Compass

Co-Listed By

Robert Joffe

Compass License #BR029057000

Last Buyer's Agent

Josh Peters

Realty ONE Group License #SA640957000

Realty ONE Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,081

Lot Details

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

Schools

  • Hopi Elementary School
  • Ingleside Middle School
  • Arcadia High School

Community Details

  • No Home Owners Association
  • Lombardi Estates Blk 1 Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 173-47-002-B

Property Details

Property Type

Land

Est. Annual Taxes

$9,081

Lot Details

1.03 Acres

Listing Details

  • Cross Street: 68th St/Camelback Rd
  • Property Type: Land
  • Zoning: R-43
  • Tax Year: 2023
  • Lot Size Acres: 1.03
  • Co List Office Mls Id: laun001
  • Co List Office Phone: 480-776-1555
  • Subdivision Name: LOMBARDI ESTATES BLK 1
  • Tax Parcel Letter: B
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: Block
  • Disclosures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise, Private Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Hopi Elementary School
  • High School: Arcadia High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Ingleside Middle School

Lot Info

  • Lot Size: NA
  • Lot Size Sq Ft: 44684.0
  • Additional Parcels: No
  • Parcel #: 173-47-002-B
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 9081.0
  • Tax Book Number: 173.00
  • Tax Lot: 2
  • Tax Map Number: 47.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2026
Sold by
Jamb Development Llc
Bought by
Mm Family Trust and Sorensen
Current Estimated Value
$5,008,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,500,000
Outstanding Balance
$5,500,000
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
-$491,150

Purchase Details

Listed on
Oct 23, 2023
Closed on
May 10, 2024
Sold by
Norton Luxury Homes Llc
Bought by
Jamb Development Llc
Seller's Agent
Christopher Karas
Compass
Buyer's Agent
Josh Peters
Realty ONE Group
List Price
$3,495,000
Sold Price
$2,900,000
Premium/Discount to List
-$595,000
-17.02%
Views
46

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.33%
Original Mortgage
$4,150,000
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 23, 2023
Closed on
Apr 23, 2024
Sold by
Rnng 35 Llc
Bought by
Norton Luxury Homes Llc
Seller's Agent
Christopher Karas
Compass
Buyer's Agent
Josh Peters
Realty ONE Group
List Price
$3,495,000
Sold Price
$2,900,000
Premium/Discount to List
-$595,000
-17.02%
Views
46

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,150,000
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2023
Sold by
Reiss Peter Wheeler and Reiss Carma B
Bought by
Rnng 35 Llc

Purchase Details

Closed on
Mar 27, 2023
Sold by
Peter Wheeler Reiss and Peter Carma B
Bought by
Reiss Peter Wheeler and Reiss Carma B

Purchase Details

Closed on
Jun 29, 1996
Sold by
Reiss Peter Wheeler and Reiss Carma B
Bought by
Reiss Peter Wheeler and Reiss Carma B

Purchase Details

Closed on
Feb 22, 1996
Sold by
Reiss Peter Wheeler and Reiss Carma B
Bought by
Reiss Peter Wheeler and Reiss Carma B
Source: Public Records
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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
Mm Family Trust $11,000,000 Premier Title Agency
Mm Family Trust $11,000,000 Premier Title Agency
Jamb Development Llc -- --
Jamb Development Llc -- --
Norton Luxury Homes Llc $2,900,000 Premier Title Agency
Norton Luxury Homes Llc $2,900,000 Premier Title Agency
Rnng 35 Llc $2,400,000 Arizona Premier Title
Rnng 35 Llc $2,400,000 Arizona Premier Title
Reiss Peter Wheeler -- --
Reiss Peter Wheeler -- --
Reiss Peter Wheeler -- --
Reiss Peter Wheeler -- --
Reiss Peter Wheeler -- --
Reiss Peter Wheeler -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mm Family Trust $5,500,000
Previous Owner Norton Luxury Homes Llc $4,150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2024 04/22/24 Sold $2,900,000 -14.6% --
03/08/2024 03/08/24 Pending -- -- --
03/02/2024 03/02/24 Price Changed $3,395,000 -0.7% --
02/21/2024 02/21/24 Price Changed $3,420,000 -0.7% --
02/11/2024 02/11/24 Price Changed $3,445,000 -0.7% --
02/02/2024 02/02/24 Price Changed $3,470,000 -0.7% --
10/23/2023 10/23/23 For Sale $3,495,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $5,859 $169,646 $169,646 --
2024 $9,081 $107,712 -- --
2023 $9,081 $179,970 $35,990 $143,980
2022 $7,991 $138,310 $27,660 $110,650
2021 $8,497 $133,530 $26,700 $106,830
2020 $8,103 $121,780 $24,350 $97,430
2019 $8,026 $119,420 $23,880 $95,540
2018 $7,751 $98,320 $19,660 $78,660
2017 $7,550 $107,560 $21,510 $86,050
2016 $7,306 $100,760 $20,150 $80,610
2015 $6,901 $97,860 $19,570 $78,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6621433

Arizona Regional Multiple Listing Service (ARMLS)

APN: 173-47-002B

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