NOT LISTED FOR SALE

7017 E Palo Verde Place Unit 7 Paradise Valley, AZ 85253

Paradise Valley Neighborhood

Estimated Value: $2,880,000 - $5,407,000

1.26 Acres
$3,217,545 Price per Acre
54,886 Sq Ft Lot

Last Sold October 17, 2023

Last sale price $3,950,000

Est. 3% increase in value since last sale

Current estimated payment $23,235/month

99 Days on Market

Highlights

  • City Lights View
  • 1.26 Acre Lot
  • No HOA
  • Kiva Elementary School Rated A
  • Corner Lot

About This Lot

As of October 2023

THE BEST Paradise Valley lot with unobstructed panoramic views of Camelback Mountain, Mummy Mountain, Arizona sunsets and sparkling city lights. It's the only true south facing backyard in Paradise Valley Estates neighborhood, non front loaded, and also does not fall under hillside zoning. The oversized lot is an entertainer's dream with ample space for an amazing custom home featuring a resort style backyard, tennis court and anything you can dream up. Ideally located just minutes to the Paradise Valley Country Club, JW Camelback Inn Resort & Spa, Scottsdale Fashion Square, many popular restaurants, world renowned golf courses, hiking, cycling and walking trails.

Last Agent to Sell the Property

Michael Johnson

Russ Lyon Sotheby's International Realty License #SA559678000 Listed on: 09/21/2023

Last Buyer's Agent

Joseph Scalia

Realty Executives License #SA530305000

Realty Executives

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,589

Lot Details

  • 1.26 Acre Lot
  • Corner Lot

Property Views

  • City Lights
  • Mountain

Eco-Friendly Details

  • North or South Exposure

Schools

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

Community Details

  • No Home Owners Association
  • Paradisve Valles Estates Subdivision

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 169-29-007-A

Property Details

Property Type

Land

Est. Annual Taxes

$9,589

Lot Details

0

Listing Details

  • Cross Street: Lincoln Dr and Desert Fairways Dr
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: See Remarks, Subdivision Plat Apv
  • Topography: Gentle Sloping, Level
  • Zoning: RES
  • Tax Year: 2022
  • Directions: North on Desert Fairways Dr, Right (E) on Palo Verde to property on Right (S). (Views of Camelback Mountain)
  • Lot Size Acres: 1.26
  • Road Surface Type: Asphalt
  • Subdivision Name: PARADISVE VALLES ESTATES
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

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

Utilities

  • Electric: APS
  • Water Source: Private Franchise

Condo/Co-op/Association

  • Association: No

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: TBD
  • Lot Size Sq Ft: 54768.0
  • Additional Parcels: No
  • Parcel #: 169-29-007-A
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 9589.0
  • Tax Book Number: 169.00
  • Tax Lot: 7
  • Tax Map Number: 29.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2023
Closed on
Oct 27, 2023
Sold by
Yolo Capital Inc
Bought by
Zenati Family Revocable Trust and Zenati
Seller's Agent
Michael Johnson
Russ Lyon Sotheby's International Realty
Buyer's Agent
Joseph Scalia
Realty Executives
List Price
$4,150,000
Sold Price
$3,950,000
Premium/Discount to List
-$200,000
-4.82%
Current Estimated Value
$4,054,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,107
Avg. Annual Appreciation
-2.77%

Purchase Details

Closed on
Mar 27, 2006
Sold by
Kostal Kenneth T
Bought by
Kostal Kenneth T and Mccormick Peter

Purchase Details

Closed on
Mar 22, 2006
Sold by
Kostal Kenneth T
Bought by
Desert Fairways Llc

Purchase Details

Closed on
Jun 21, 2005
Sold by
Weisz Stephen P
Bought by
Kostal Kenneth T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,280,000
Interest Rate
5.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2005
Sold by
Kostal Judith
Bought by
Kostal Kenneth T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,280,000
Interest Rate
5.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 1999
Sold by
Kaye Michael A
Bought by
Weisz Stephen P and Weisz Linda Hull

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,500
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 1996
Sold by
Rensselaer Polytechnic Institute
Bought by
Bedford Clay Patrick and Bedford Catherine A
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
Zenati Family Revocable Trust $3,950,000 First American Title Insurance
Kostal Kenneth T -- Equity Title Agency Inc
Desert Fairways Llc $2,275,000 Equity Title Agency Inc
Mccormick Peter -- Equity Title Agency Inc
Kostal Kenneth T $1,700,000 Security Title Agency Inc
Kostal Kenneth T -- Security Title Agency Inc
Weisz Stephen P $860,000 First American Title
Bedford Clay Patrick $60,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kostal Kenneth T $1,280,000
Previous Owner Kostal Kenneth T $1,280,000
Previous Owner Weisz Stephen P $490,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2023 10/17/23 Sold $3,950,000 -4.8% --
09/21/2023 09/21/23 For Sale $4,150,000 +5.1% --
08/08/2023 08/08/23 Off Market $3,950,000 -- --
05/04/2023 05/04/23 For Sale $4,150,000 +5.1% --
05/01/2023 05/01/23 Off Market $3,950,000 -- --
03/15/2023 03/15/23 For Sale $4,150,000 0.0% --
02/16/2023 02/16/23 Pending -- -- --
11/09/2022 11/09/22 For Sale $4,150,000 -- --
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 $10,136 $172,413 $172,413 --
2024 $9,996 $164,203 $164,203 --
2023 $9,996 $240,510 $240,510 $0
2022 $9,589 $174,135 $174,135 $0
2021 $10,193 $171,450 $171,450 $0
2020 $10,128 $135,090 $135,090 $0
2019 $10,091 $138,240 $138,240 $0
2018 $9,716 $136,050 $136,050 $0
2017 $9,334 $127,455 $127,455 $0
2016 $9,139 $114,690 $114,690 $0
2015 $10,342 $141,872 $141,872 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Michael Johnson

    Russ Lyon Sotheby's International Realty

  • Joseph Scalia

    Buyer's Agent in 2023

    Joseph Scalia

    Realty Executives

    (480) 650-8948

    14 in this area

    28 Total Sales

    Joseph Scalia
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6487249

Arizona Regional Multiple Listing Service (ARMLS)

APN: 169-29-007A

Arizona Maricopa County Paradise Valley 85253 Paradise Valley

7017 E Palo Verde Place Unit 7, Paradise Valley, AZ

This home is located at 7017 E Palo Verde Place Unit 7, Paradise Valley, AZ 85253 since 21 September 2023 and is currently estimated at $4,054,107. 7017 E Palo Verde Place Unit 7 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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