NOT LISTED FOR SALE

6737 E Rovey Ave Unit 1 Paradise Valley, AZ 85253

Indian Bend Neighborhood

Estimated Value: $6,731,000 - $7,624,000

1 Acre
$7,031,498 Price per Acre
43,560 Sq Ft Lot

Last Sold October 03, 2014

Last sale price $750,000

Est. 838% increase in value since last sale

Current estimated payment $38,704/month

143 Days on Market

Highlights

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

About This Lot

As of October 2014

Premium North/South facing Paradise Valley BUILD TO SUIT or BUY TO HOLD Custom Home Site with Camelback, Praying Monk and Mummy Mountain Views. Either choose builder’s custom design or create your own floor plan and design. You may hand select your finishings through meeting our Design Team or bring your own Team along. Now is a great time to Costume Build your own home, floor plan and design choice. Our select ARA Architects and on-site build crew can help you through this exciting design process. SEE DOCUMENT TAB for copy of the FLOOR PLAN and TOPO.

Last Agent to Sell the Property

Frank Aazami

Compass License #SA581280000 Listed on: 09/26/2014

Compass

Co-Listed By

Mary Ann Kelley

HomeSmart License #BR528352000

Last Buyer's Agent

Michael Messenger

Messenger Realty, LLC License #BR006095000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,669

Lot Details

  • 1 Acre Lot
  • Block Wall Fence
  • Corner Lot
  • Level 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
  • Private Water Source

Community Details

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

Listing and Financial Details

  • Tax Lot 01
  • Assessor Parcel Number 174-67-019

Property Details

Property Type

Land

Est. Annual Taxes

$7,669

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: On Site Imp Cmplete
  • Topography: Level
  • Zoning: R-43
  • Tax Year: 2012
  • Directions: From Scottsdale, W on McDonald, N on Mockingbird, First left into Rancho Valencia. 1st North/South Facing Corner Lot.
  • Horses: No
  • Lot Size Acres: 1.0
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: lyon19
  • Co List Office Phone: 480-287-5200
  • Subdivision Name: Rancho Valencia
  • View:Mountain View(s): Yes
  • Water Source Private Franchise2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

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

Utilities

  • Electric: APS, Underground
  • Water Source: Private

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
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Mohave Middle School

Lot Info

  • Lot Size: Rectangular
  • Lot Size Sq Ft: 43575.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 174-67-019

Tax Info

  • Tax Annual Amount: 7669.0
  • Tax Book Number: 174.00
  • Tax Lot: 01
  • Tax Map Number: 67.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2017
Sold by
Ghe Development Inc
Bought by
Patel Sandeep C and Chhaya She
Current Estimated Value
$7,031,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,360,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2017
Sold by
Edmunds Geoffrey H
Bought by
Ghe Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,360,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 26, 2014
Closed on
Sep 12, 2014
Sold by
Lecase Llc
Bought by
The Edmunds Revocable Living Trust
Seller's Agent
Frank Aazami
Compass
Buyer's Agent
Michael Messenger
Messenger Realty, LLC
List Price
$750,000
Sold Price
$750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.65%

Purchase Details

Listed on
May 10, 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
$800,000
Sold Price
$1,800,000
Premium/Discount to List
$1,000,000
125%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-31.66%
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
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
Patel Sandeep C $2,950,000 First American Title Insuran
Ghe Development Inc $800,000 First American Title Insuran
The Edmunds Revocable Living Trust $750,000 First American Title Ins Co
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
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Sandeep C $2,360,000
Previous Owner Lecase Llc $1,400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/03/2014 10/03/14 Sold $750,000 0.0% --
09/29/2014 09/29/14 Pending -- -- --
05/09/2014 05/09/14 For Sale $750,000 -58.3% --
06/15/2012 06/15/12 Sold $1,800,000 +125.0% $41 / Sq Ft View Prior Sale
05/04/2012 05/04/12 Pending -- -- --
05/10/2011 05/10/11 For Sale $800,000 -- $18 / 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 $14,875 $239,036 -- --
2024 $14,271 $227,653 -- --
2023 $14,271 $385,500 $77,100 $308,400
2022 $13,634 $310,430 $62,080 $248,350
2021 $14,709 $300,980 $60,190 $240,790
2020 $14,484 $283,750 $56,750 $227,000
2019 $13,988 $248,920 $49,780 $199,140
2018 $13,483 $232,710 $46,540 $186,170
2017 $9,850 $167,960 $33,590 $134,370
2016 $5,070 $81,540 $81,540 $0
2015 $5,062 $104,992 $104,992 $0
Source: Public Records

Agents Affiliated with this Home

  • Frank Aazami

    Seller's Agent in 2014

    Frank Aazami

    Compass

    (480) 266-0240

    5 in this area

    228 Total Sales

    Frank Aazami
    Section Image
  • Mary Ann Kelley

    Seller Co-Listing Agent in 2014

    Mary Ann Kelley

    HomeSmart

    (602) 821-5315

    2 in this area

    14 Total Sales

    Mary Ann Kelley
    Section Image

  • M

    Buyer's Agent in 2014

    Michael Messenger

    Messenger Realty, LLC

  • 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: 5113221

Arizona Regional Multiple Listing Service (ARMLS)

APN: 174-67-019

Arizona Maricopa County Paradise Valley 85253 Indian Bend

6737 E Rovey Ave Unit 1, Paradise Valley, AZ

This home is located at 6737 E Rovey Ave Unit 1, Paradise Valley, AZ 85253 since 26 September 2014 and is currently estimated at $7,031,498. 6737 E Rovey Ave Unit 1 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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