NOT LISTED FOR SALE

6945 E Cheney Dr Paradise Valley, AZ 85253

Estimated Value: $3,699,000 - $5,035,000

4 Beds
5 Baths
4,342 Sq Ft
$1,027/Sq Ft Est. Value

Last Sold February 27, 2015

Last sale price $1,600,000 $368 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $23,860/month

3 Days on Market

Highlights

  • Barn
  • Horses Allowed On Property
  • 1.5 Acre Lot
  • Kiva Elementary School Rated A
  • Private Pool
  • Two Primary Bathrooms

About This Home

As of February 2015

SMOKING DEAL IN PARADISE VALLEY!! Buy this luxury home for LESS than seller's paid only one year ago! Neighbor at 6825 E. Cheney just sold Jan. 29 for $45 per square foot MORE!! Stunning Custom Remodel in the heart of Paradise Valley. Sitting on a private corner lot just shy of 1.5 acres this elegant and tastefully remodeled home boasts 4 bedrooms, den, loft and 5 bathrooms at just under 4,400 sf. Featuring a split floor plan with 20' ceilings in the great room, tile/wood throughout the living spaces, gourmet kitchen complete with 48'' Wolf gas range, butlers pantry, granite counter tops, walnut finished island and 2 breakfast bars. Upstairs features a loft with a walkout overlooking the breathtaking mountain views and lush landscape. This home echoes luxury from start to finish, too much to describe you must see for yourself. Schedule your showing today!

Last Agent to Sell the Property

Kelly Cook

Real Broker License #SA562405000 Listed on: 01/30/2015

Real Broker

Co-Listed By

Martha Andrews

Keller Williams Arizona Realty License #SA642277000

Last Buyer's Agent

Marcia Anderson

Compass License #BR564575000

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,067

Year Built

  • Built in 1988

Lot Details

  • 1.5 Acre Lot
  • Block Wall Fence
  • Chain Link Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

Parking

  • 10 Car Garage
  • Garage Door Opener

Home Design

  • Tile Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 4,342 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Double Pane Windows
  • Family Room with Fireplace
  • 2 Fireplaces
  • Security System Owned
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Remodeled Bathroom
  • Two Primary Bathrooms
  • Primary Bathroom is a Full Bathroom
  • 5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Pool

  • Private Pool
  • Diving Board

Schools

  • Kiva Elementary School
  • Mohave Middle School

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Tack Room

Utilities

  • Evaporated cooling system
  • Central Air
  • Heating System Uses Natural Gas
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Outdoor Fireplace
  • Barn

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Metes And Bounds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 174-47-010-F

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,067

Year Built

Built in 1988

Lot Details

0

Parking

10

Listing Details

  • Cross Street: Scottsdale Rd and Cheney Drive
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Updated Partial or Full Bathrooms: Partial
  • Bathrooms Year Updated: 2012
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2012
  • Updated Heating or Cooling Units: Partial
  • Items Updated Ht Cool Yr Updated: 2012
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2012
  • Updated Plumbing: Partial
  • Items Updated Plmbg Yr Updated: 2012
  • Updated Roof: Partial
  • Items Updated Roof Yr Updated: 2012
  • Updated Wiring: Partial
  • Items Updated Wiring Yr Updated: 2012
  • Parking Spaces Total Covered Spaces: 10.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1988
  • Tax Year: 2014
  • Property Sub Type: Single Family Residence
  • Horses: Yes
  • Lot Size Acres: 1.5
  • Co List Office Mls Id: kwaz10
  • Co List Office Phone: 480-767-3000
  • Subdivision Name: metes and bounds
  • Property Attached Yn: No
  • Tax Parcel Letter: F
  • General Property Description:PriceSqFt: 368.49
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Fireplace Features Fireplace Master Bdr: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Total Bedrooms: 4
  • Fireplace Features: Exterior Fireplace, Family Room, Master Bedroom
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Breakfast Bar, 9+ Flat Ceilings, Vaulted Ceiling(s), Kitchen Island, Pantry, 2 Master Baths, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
  • Living Area: 4342.0
  • Stories: 1
  • Window Features: Skylight(s), Dual Pane
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Other Rooms:BonusGame Room: Yes
  • Other Rooms:Loft: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:Separate Workshop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block, Chain Link
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Grass Front, Grass Back, Auto Timer H2O Back
  • Pool Features: Diving Pool
  • Pool Private: Yes
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Painted, Block
  • Roof: Tile, Foam
  • Construction:Block: Yes
  • Fireplace Features Exterior Fireplace: Yes

Garage/Parking

  • Total Covered Spaces: 10.0
  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 10.0
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Evaporative Cooling
  • Heating: Natural Gas
  • Laundry Features: Wshr/Dry HookUp Only
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

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

Lot Info

  • Horse Amenities: Barn, Tack Room
  • Land Lease: No
  • Lot Size Sq Ft: 65325.0
  • Parcel #: 174-47-010-F

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 7067.0
  • Tax Book Number: 174.00
  • Tax Lot: 0
  • Tax Map Number: 47.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2015
Sold by
Chang Helen and Chang Helen Y
Bought by
Chang Helen Y and The Helen Y Chang Family Trust
Current Estimated Value
$4,457,983

Purchase Details

Listed on
Jan 30, 2015
Closed on
Feb 19, 2015
Sold by
Reynolds John
Bought by
Chang Helen
Seller's Agent
Kelly Cook
Real Broker
Buyer's Agent
Marcia Anderson
Compass
List Price
$1,626,000
Sold Price
$1,600,000
Premium/Discount to List
-$26,000
-1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.88%
Original Mortgage
$1,000,000
Outstanding Balance
$747,424
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$3,710,559

Purchase Details

Listed on
Aug 26, 2013
Closed on
Oct 23, 2013
Sold by
Vroom James W
Bought by
Reynolds John and Oneal Joanna
Seller's Agent
Carol Christiansen
Realty ONE Group
Buyer's Agent
Andrew Bloom
Keller Williams Realty Sonoran Living
List Price
$1,675,000
Sold Price
$1,651,912
Premium/Discount to List
-$23,088
-1.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.37%
Original Mortgage
$1,000,000
Interest Rate
4.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2013
Sold by
Vroom James W
Bought by
Vroom James W and Vroom Jennifer L
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
Chang Helen Y -- None Available
Chang Helen $1,600,000 Stewart Title & Trust Of Pho
Reynolds John $1,651,912 Security Title Agency
Vroom James W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chang Helen $1,000,000
Previous Owner Reynolds John $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/27/2015 02/27/15 Sold $1,600,000 -1.6% $368 / Sq Ft
01/30/2015 01/30/15 For Sale $1,626,000 -1.6% $374 / Sq Ft
10/28/2013 10/28/13 Sold $1,651,912 -1.4% $380 / Sq Ft View Prior Sale
09/26/2013 09/26/13 Pending -- -- --
09/22/2013 09/22/13 For Sale $1,675,000 +1.4% $386 / Sq Ft
09/22/2013 09/22/13 Off Market $1,651,912 -- --
08/26/2013 08/26/13 For Sale $1,675,000 -- $386 / 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 $9,354 $161,863 -- --
2024 $8,784 $154,155 -- --
2023 $8,784 $259,380 $51,870 $207,510
2022 $8,402 $191,480 $38,290 $153,190
2021 $8,970 $177,010 $35,400 $141,610
2020 $8,908 $174,980 $34,990 $139,990
2019 $8,580 $149,280 $29,850 $119,430
2018 $8,239 $155,450 $31,090 $124,360
2017 $7,953 $130,120 $26,020 $104,100
2016 $7,774 $119,170 $23,830 $95,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5230013

Arizona Regional Multiple Listing Service (ARMLS)

APN: 174-47-010F