NOT LISTED FOR SALE

7031 E Morten Ave Paradise Valley, AZ 85253

Estimated Value: $3,177,000 - $4,932,543

4 Beds
4.5 Baths
4,915 Sq Ft
$851/Sq Ft Est. Value

Last Sold March 06, 2019

Last sale price $1,650,000 $336 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $23,491/month

138 Days on Market

Highlights

  • Tennis Courts
  • Heated Lap Pool
  • Mountain View
  • Kiva Elementary School Rated A
  • Gated Community
  • Fireplace in Primary Bedroom

About This Home

As of March 2019

Welcome Home to the Prestigious Guard-Gated Community of Cheney Estates. Situated on 1.166 acres, the largest lot in the subdivision. This homes elegance and grandeur put the property in a category of luxury all its own. A Grand Entry with breathtaking floor to ceiling windows overlooking your Resort Style Backyard. Formal Sitting Room with gas fireplace where you can cozy up to the Wet Bar with a 1,000 bottle temperature-controlled Wine Cellar, a must see! Exposed wood beams throughout and a Formal Dining Room. An open concept Kitchen with 2 oversized islands and breakfast bar, granite countertops, SubZero fridge, vegetable sink, 2 dishwashers, food warming drawer, wine fridge, expansive walk-in pantry with floor to ceiling shelving. The Master Suite features a fireplace, private patio with easy pool access, sitting area, luxurious bathroom with his and hers sinks, large jacuzzi bathtub, bidet, oversized walk-in shower with sauna and a HUGE custom walk-in closet fit for a Queen with dressing area, shoe racks and a safe. 4 bedroom suites each with its very own bathroom and walk-in closet, one featuring a Grand Library with floor to ceiling custom shelving and rolling ladder. Extra large Family Room with fireplace, great for entertaining or a cozy night in. Walk out to your private oasis, walls of citrus trees, 800 sq ft heated pool, 4 custom rock waterfalls, slide, heated jetted spa; outdoor entertainment area with wood burning fireplace, built-in seating areas, wet bar and built-in BBQ. Huge grass lot with mature trees and RV Gate, epoxy 3 car garage with floor to ceiling built-in cabinets. Do you want everything? Here it is!! Request your showing today!

Last Agent to Sell the Property

Jera Banks

Keller Williams Realty Phoenix License #SA664442000 Listed on: 09/23/2018

Keller Williams Realty Phoenix

Co-Listed By

Adam Bailey

HomeSmart License #SA676395000

Last Buyer's Agent

Brian Doherty

Brian Doherty Real Estate License #BR641217000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,802

Year Built

  • Built in 1995

Lot Details

  • 1.17 Acre Lot
  • Cul-De-Sac
  • Private Streets
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Private Yard
  • Grass Covered Lot

HOA Fees

  • $450 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • 4 Open Parking Spaces
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 4,915 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Low Emissivity Windows
  • Solar Screens
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Mountain Views
  • Washer and Dryer Hookup

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bathroom is a Full Bathroom
  • 4.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Easy To Use Faucet Levers
  • Bidet
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Home Security

  • Security System Owned
  • Intercom

Accessible Home Design

  • Grab Bar In Bathroom
  • Accessible Hallway
  • No Interior Steps

Pool

  • Heated Lap Pool
  • Play Pool
  • Spa

Outdoor Features

  • Tennis Courts
  • Covered Patio or Porch
  • Outdoor Fireplace
  • Built-In Barbecue

Location

  • Property is near a bus stop

Schools

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

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 69
  • Assessor Parcel Number 174-40-070

Community Details

Overview

  • Association fees include ground maintenance, street maintenance, trash
  • Cheney Estates Hoa, Phone Number (480) 551-4375
  • Built by Edmunds
  • Cheney Estates Lot 1 72 Tr A C D1 D2 E,F Subdivision

Recreation

  • Community Playground
  • Bike Trail

Security

  • Security Guard
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,802

Year Built

Built in 1995

Lot Details

0

HOA Fees

$450 per month

Parking

3

Listing Details

  • Cross Street: Scottsdale Road and Cheney Drive
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 450.0
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 4.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1995
  • Spa Private: Yes
  • Tax Year: 2017
  • Directions: Scottsdale Rd. and Cheney Drive, W. to Cheney Estates, right to Guard Gate, North to Morten Ave, Left to Home in cul-de-sac.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.17
  • Co List Office Mls Id: cril12
  • Co List Office Phone: 602-230-7600
  • Subdivision Name: CHENEY ESTATES LOT 1-72 TR A-C D1 D2 E,F
  • Architectural Style: Contemporary
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 1350.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Windows:Low-E: Yes
  • Cooling:Central Air: Yes
  • Windows:Solar Screens: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Fireplace Features Fireplace Master Bdr: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Stone, Tile, Wood
  • Basement YN: No
  • Possible Use: None
  • Spa Features: Private
  • Other Equipment: Intercom
  • Accessibility Features: Bath Lever Faucets, Bath Grab Bars, Accessible Hallway(s)
  • Possible Bedrooms: 6
  • Total Bedrooms: 4
  • Fireplace Features: 3+ Fireplace, Exterior Fireplace, Family Room, Living Room, Master Bedroom, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Eat-in Kitchen, Breakfast Bar, No Interior Steps, Vaulted Ceiling(s), Wet Bar, Kitchen Island, Bidet, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
  • Living Area: 4915.0
  • Stories: 1
  • Window Features: Skylight(s), Low-Emissivity Windows, Solar Screens, Dual Pane
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:On-Site Guard: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Community Features:Near Bus Stop: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:Library-Blt-in Bkcse: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Street(s), Private Yard, Tennis Court(s), Built-in Barbecue
  • Lot Features: Desert Back, Desert Front, Cul-De-Sac, Gravel/Stone Front, Gravel/Stone Back, Grass Back
  • Pool Features: Play Pool, Heated, Lap, Private
  • View: Mountain(s)
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted, Block
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Private Street(s): Yes
  • Exterior Features:Tennis Court(s): Yes
  • Fireplace Features Exterior Fireplace: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Garage Door Opener, Extended Length Garage, Direct Access, Attch'd Gar Cabinets
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 4.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes
  • Parking Features:Extended Length Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Gated, Near Bus Stop, Playground, Biking/Walking Path
  • Association Fee: 1350.0
  • Association Fee Frequency: Quarterly
  • Association Name: Cheney Estates Hoa
  • Phone: 480-994-4479
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 200.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Cheney Estates Hoa
  • Association Fees:HOA Telephone4: 480-994-4479
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Phone: 480-551-4375
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Street Maint, Trash

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

  • Land Lease: No
  • Lot Size Sq Ft: 50781.0
  • Parcel #: 174-40-070

Building Info

  • Builder Name: Edmunds

Tax Info

  • Tax Annual Amount: 11802.0
  • Tax Book Number: 174.00
  • Tax Lot: 69
  • Tax Map Number: 40.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2018
Closed on
Mar 4, 2019
Sold by
Anchor Gerald L
Bought by
Borad Mitesh Jivraj
Seller's Agent
Jera Banks
Keller Williams Realty Phoenix
Buyer's Agent
Brian Doherty
Brian Doherty Real Estate
List Price
$2,200,000
Sold Price
$1,650,000
Premium/Discount to List
-$550,000
-25%
Current Estimated Value
$4,181,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,531,886
Avg. Annual Appreciation
15.41%
Original Mortgage
$1,320,000
Outstanding Balance
$1,163,107
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,054,435

Purchase Details

Closed on
Oct 8, 2014
Sold by
Anchor Gerald L
Bought by
The Anchor 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
$417,000
Interest Rate
2.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 11, 2009
Sold by
Freytag Bernd B
Bought by
Anchor Gerald L and Anchor Hazel Maureen

Purchase Details

Closed on
Feb 2, 2004
Sold by
Freytag Bernd B
Bought by
Freytag Bernd B and Freytag Kimmie N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,130,000
Interest Rate
4.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2002
Sold by
Freytag Kimmie N and Freytag Bernd B
Bought by
Freytag Bernd B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,124,500
Interest Rate
3.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2002
Sold by
Lindzon Irving S
Bought by
Freytag Bernd B and Freytag Kimmie N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,124,500
Interest Rate
3.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 1997
Sold by
Crago William T
Bought by
Lindzon Irving S and Lindzon Nina Delbeccaro

Purchase Details

Closed on
Sep 26, 1994
Sold by
Geoffrey H Edmunds Development Company
Bought by
Crago William T and Crago Patricia A

Purchase Details

Closed on
Sep 8, 1994
Sold by
Whelan Richard C
Bought by
Geoffrey H Edmunds Development Company
Source: Public Records

Range of Values:

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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
Borad Mitesh Jivraj $1,650,000 Equity Title Agency Inc
The Anchor Living Trust -- True Concept Title Company
Anchor Gerald L -- True Concept Title Company
Anchor Gerald L $1,490,000 Security Title Agency
Freytag Bernd B -- Capital Title Agency Inc
Freytag Bernd B -- Capital Title Agency Inc
Freytag Bernd B $1,730,000 Capital Title Agency Inc
Lindzon Irving S $1,137,500 Fidelity Title
Crago William T $218,025 Stewart Title & Trust
Geoffrey H Edmunds Development Company $218,025 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Borad Mitesh Jivraj $1,320,000
Previous Owner Anchor Gerald L $417,000
Previous Owner Freytag Bernd B $1,400,000
Previous Owner Freytag Bernd B $1,130,000
Previous Owner Freytag Bernd B $1,124,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2019 03/06/19 Sold $1,650,000 -7.8% $336 / Sq Ft
02/08/2019 02/08/19 Pending -- -- --
02/06/2019 02/06/19 Price Changed $1,790,000 -3.2% $364 / Sq Ft
01/18/2019 01/18/19 Price Changed $1,850,000 -2.6% $376 / Sq Ft
12/14/2018 12/14/18 Price Changed $1,900,000 -5.0% $387 / Sq Ft
11/28/2018 11/28/18 Price Changed $1,999,900 -4.8% $407 / Sq Ft
10/19/2018 10/19/18 Price Changed $2,100,000 -4.5% $427 / Sq Ft
09/23/2018 09/23/18 For Sale $2,200,000 -- $448 / 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 $11,474 $205,392 -- --
2024 $11,308 $195,611 -- --
2023 $11,308 $258,700 $51,740 $206,960
2022 $10,823 $213,630 $42,720 $170,910
2021 $11,543 $172,100 $34,420 $137,680
2020 $11,465 $160,930 $32,180 $128,750
2019 $11,730 $162,230 $32,440 $129,790
2018 $11,685 $161,660 $32,330 $129,330
2017 $11,802 $169,360 $33,870 $135,490
2016 $11,555 $151,210 $30,240 $120,970
2015 $10,963 $144,010 $28,800 $115,210
Source: Public Records

Agents Affiliated with this Home

  • Jera Banks

    Seller's Agent in 2019

    Jera Banks

    Keller Williams Realty Phoenix

    (602) 350-8309

    220 Total Sales

    Jera Banks
    Section Image

  • A

    Seller Co-Listing Agent in 2019

    Adam Bailey

    HomeSmart

  • Brian Doherty

    Buyer's Agent in 2019

    Brian Doherty

    Brian Doherty Real Estate

    (602) 828-9640

    4 Total Sales

    Brian Doherty
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5824256

Arizona Regional Multiple Listing Service (ARMLS)

APN: 174-40-070

Arizona Maricopa County Paradise Valley 85253

7031 E Morten Ave, Paradise Valley, AZ

This home is located at 7031 E Morten Ave, Paradise Valley, AZ 85253 since 23 September 2018 and is currently estimated at $4,181,886, approximately $850 per square foot. This property was built in 1995. 7031 E Morten Ave 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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