7010 E Avenida El Alba -- Paradise Valley, AZ 85253
Paradise Valley Neighborhood
5
Beds
6
Baths
5,287
Sq Ft
1.12
Acres
Highlights
- Guest House
- Heated Spa
- Fireplace in Primary Bedroom
- Kiva Elementary School Rated A
- 1.12 Acre Lot
- Wood Flooring
About This Home
As of October 2024Consider the numbers when evaluating this prime Paradise Valley property. With over one acre, comparable lots in the area typically sell for $2.75 to $3 million. Now, ask yourself: could you replace nearly 5,300 square feet of quality block construction for just $700,000 to $900,000? Factor in landscaping with mature trees, the cost of concrete, architectural fees, builder and designer costs, cabinets, pool and hot tub, countertops, fixtures, and a new roof. This home is priced $2 million below replacement value! Originally built by renowned builder Gary Gietz, this exceptional estate sits on a prime one-acre lot and offers a well-designed floor plan with impeccable attention to detail. With 5 ensuite bedrooms, 6 baths, a guest house, and a 4-car garage, this home has everything you need. Consider the numbers when evaluating this prime Paradise Valley property. With over one acre, comparable lots in the area typically sell for $2.75 to $3 million. Now, ask yourself: Could you replace nearly 5,300 square feet of quality block construction for just $700,000 to $900,000? Factor in landscaping with mature trees, concrete, architectural fees, builder and designer costs, cabinets, countertops, fixtures, and a new roof. This home is priced over $1 million below replacement value!
The chef's kitchen, equipped with Subzero and other high-end appliances, offers abundant counter space and connects seamlessly to a welcoming family room centered around one of the home's three striking stone fireplaces. The luxurious primary bedroom offers stunning pool views, a multi-head shower, and two spacious closets.
This home's layout is perfect for intimate gatherings or large-scale entertaining. Outdoor features include built-in BBQ facilities, expansive covered patios, a sparkling pool, and a hot tub, capturing the essence of Arizona living. With a new roof installed in 2021, the home provides both beauty and peace of mind.
Last Buyer's Agent
Non-MLS Agent
Non-MLS Office
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,537
Year Built
- Built in 1996
Lot Details
- 1.12 Acre Lot
- Cul-De-Sac
- Desert faces the front and back of the property
- Block Wall Fence
- Front and Back Yard Sprinklers
- Sprinklers on Timer
- Grass Covered Lot
Parking
- 4 Car Garage
- Garage Door Opener
Home Design
- Santa Barbara Architecture
- Tile Roof
- Block Exterior
- Stucco
Interior Spaces
- 5,287 Sq Ft Home
- 1-Story Property
- Ceiling height of 9 feet or more
- Ceiling Fan
- Gas Fireplace
- Double Pane Windows
- Family Room with Fireplace
- 3 Fireplaces
- Living Room with Fireplace
Kitchen
- Eat-In Kitchen
- Built-In Microwave
- Kitchen Island
- Granite Countertops
Flooring
- Wood
- Carpet
- Stone
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
- Primary Bathroom is a Full Bathroom
- 6 Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Hydromassage or Jetted Bathtub
- Bathtub With Separate Shower Stall
Pool
- Heated Spa
- Private Pool
Outdoor Features
- Covered Patio or Porch
- Built-In Barbecue
Schools
- Kiva Elementary School
- Mohave Middle School
- Saguaro High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- High Speed Internet
- Cable TV Available
Additional Features
- No Interior Steps
- Guest House
Community Details
- No Home Owners Association
- Association fees include no fees
- Built by MDF Development
- Views At Cheney Subdivision
Listing and Financial Details
- Tax Lot 5
- Assessor Parcel Number 174-48-037
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 4, 2024
Closed on
Oct 9, 2024
Sold by
Kravchenko Igor and Kravchenko Elena Adreana
Bought by
Aai Trust and Kravchenko
Seller's Agent
Frank DiMaggio
Compass
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$3,699,999
Sold Price
$3,500,000
Premium/Discount to List
-$199,999
-5.41%
Views
17
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,467
Avg. Annual Appreciation
9.89%
Original Mortgage
$2,625,000
Outstanding Balance
$2,602,541
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$1,178,926
Purchase Details
Listed on
Sep 4, 2024
Closed on
Oct 7, 2024
Sold by
Stormy47 Llc
Bought by
Kravchenko Igor and Kravchenko Elena Adreana
Seller's Agent
Frank DiMaggio
Compass
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$3,699,999
Sold Price
$3,500,000
Premium/Discount to List
-$199,999
-5.41%
Views
17
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,625,000
Outstanding Balance
$2,602,541
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$1,178,926
Purchase Details
Listed on
Jun 1, 2024
Closed on
Jun 18, 2024
Sold by
Bernard G Rethore Living Trust and Rethore Bernard G
Bought by
Stormy47 Llc
Seller's Agent
Jennifer Sheedy
RETSY
Buyer's Agent
Frank DiMaggio
Compass
List Price
$3,550,000
Sold Price
$3,100,000
Premium/Discount to List
-$450,000
-12.68%
Views
4
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.12%
Purchase Details
Listed on
Jun 1, 2024
Closed on
Jun 14, 2024
Sold by
Bernard G Rethore Living Trust and Rethore Bernard G
Bought by
Stormy47 Llc
Seller's Agent
Jennifer Sheedy
RETSY
Buyer's Agent
Frank DiMaggio
Compass
List Price
$3,550,000
Sold Price
$3,100,000
Premium/Discount to List
-$450,000
-12.68%
Views
4
Purchase Details
Closed on
Sep 19, 2019
Sold by
Rethore Bernard G
Bought by
Rethore Bernard G and The Bernard G Rethore Living T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jan 21, 2015
Sold by
Rethore Bernard G
Bought by
Rethore Bernard G and The Bernard G Rethore Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jan 11, 2015
Sold by
Rethore Bernard G
Bought by
Rethore Bernard G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jan 6, 2015
Sold by
Michels Shirley A
Bought by
Rethore Bernard G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Apr 24, 2009
Sold by
Michels Shirley A
Bought by
Rethore Bernard G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 8, 2009
Sold by
Rethore Bernard G
Bought by
Rethore Bernard G and The Bernard G Rethore Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 12, 2003
Sold by
Rethore Bernard G
Bought by
Rethore Bernard G and The Bernard G Rethore Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 11, 2002
Sold by
Rethore Bernard G
Bought by
Rethore Bernard G and The Bernard G Rethore Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 20, 2002
Sold by
Story Randy J
Bought by
Rethore Bernard G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 9, 2001
Sold by
Story Randy J
Bought by
Story Randy J and The Randy J Story Trust
Purchase Details
Closed on
Aug 6, 2001
Sold by
Story Randy D
Bought by
Story Randy J
Purchase Details
Closed on
Aug 29, 2000
Sold by
Story Randy
Bought by
Story Randy J and Randy J Story Trust
Purchase Details
Closed on
Feb 14, 2000
Sold by
Story Randy
Bought by
Story Randy J and Randy J Story Trust
Purchase Details
Closed on
Apr 8, 1998
Sold by
Safir Dov
Bought by
Story Randy and Story Randy J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
7.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 11, 1996
Sold by
Safir Dov
Bought by
Gary Gietz Master Builder Acc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
8.01%
Mortgage Type
Seller Take Back
Similar Homes in Paradise Valley, AZ
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | -- | |
| Warranty Deed | $3,500,000 | Premier Title Agency | |
| Warranty Deed | $3,100,000 | Premier Title Agency | |
| Warranty Deed | $3,100,000 | Premier Title Agency | |
| Interfamily Deed Transfer | -- | Driggs Title Agency Inc | |
| Interfamily Deed Transfer | -- | Driggs Title Agency Inc | |
| Interfamily Deed Transfer | -- | Driggs Title Agency Inc | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Driggs Title Agency Inc | |
| Interfamily Deed Transfer | -- | Driggs Title Agency Inc | |
| Interfamily Deed Transfer | -- | The Talon Group Tatum Garden | |
| Interfamily Deed Transfer | -- | The Talon Group Tatum Garden | |
| Interfamily Deed Transfer | -- | The Talon Group | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Security Title Agency | |
| Interfamily Deed Transfer | -- | First American Title | |
| Warranty Deed | $1,350,000 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | Transnation Title Insurance | |
| Interfamily Deed Transfer | -- | Transnation Title Insurance | |
| Interfamily Deed Transfer | -- | Transnation Title Insurance | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $1,134,900 | North American Title Agency | |
| Cash Sale Deed | $1,134,900 | North American Title Agency | |
| Quit Claim Deed | $285,000 | Stewart Title & Trust |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,625,000 | New Conventional | |
| Previous Owner | $1,000,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $1,000,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,000,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,000,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,000,000 | Purchase Money Mortgage | |
| Previous Owner | $1,000,000 | Purchase Money Mortgage | |
| Previous Owner | $1,000,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $1,000,000 | Purchase Money Mortgage | |
| Previous Owner | $1,000,000 | New Conventional | |
| Previous Owner | $750,000 | New Conventional | |
| Previous Owner | $285,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/11/2024 10/11/24 | Sold | $3,500,000 | -5.4% | $662 / Sq Ft |
| 09/04/2024 09/04/24 | For Sale | $3,699,999 | +19.4% | $700 / Sq Ft |
| 06/18/2024 06/18/24 | Sold | $3,100,000 | -12.7% | $586 / Sq Ft |
| 06/04/2024 06/04/24 | Pending | -- | -- | -- |
| 06/01/2024 06/01/24 | For Sale | $3,550,000 | -- | $671 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $10,279 | $174,856 | -- | -- |
| 2024 | $9,537 | $166,529 | -- | -- |
| 2023 | $9,537 | $244,210 | $48,840 | $195,370 |
| 2022 | $9,125 | $191,800 | $38,360 | $153,440 |
| 2021 | $9,738 | $174,060 | $34,810 | $139,250 |
| 2020 | $9,672 | $160,130 | $32,020 | $128,110 |
| 2019 | $9,317 | $130,480 | $26,090 | $104,390 |
| 2018 | $10,748 | $147,680 | $29,530 | $118,150 |
| 2017 | $11,707 | $160,460 | $32,090 | $128,370 |
| 2016 | $11,450 | $151,220 | $30,240 | $120,980 |
| 2015 | $10,928 | $151,220 | $30,240 | $120,980 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Frank DiMaggio
Compass
(480) 776-1555
66 in this area
130 Total Sales
-
Seller's Agent in 2024
Jennifer Sheedy
RETSY
(602) 502-6600
2 in this area
45 Total Sales
-
N
Buyer's Agent in 2024
Non-MLS Agent
Non-MLS Office
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6752821
APN: 174-48-037
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.
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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