NOT LISTED FOR SALE

7227 E Cortez Rd Scottsdale, AZ 85260

Estimated Value: $1,027,954 - $1,171,000

3 Beds
2.5 Baths
2,635 Sq Ft
$407/Sq Ft Est. Value

Last Sold April 18, 2015

Last sale price $525,000 $199 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $6,139/month

360 Days on Market

Highlights

  • Gated Community
  • Wood Flooring
  • Granite Countertops
  • Sequoya Elementary School Rated A
  • Hydromassage or Jetted Bathtub
  • Community Pool

About This Home

As of April 2015

PERFECTION! Beautiful home in the private, desired gated community of Sterling Place. Cul-de-sac close to community pool. Split floor plan includes 3 bedrooms plus an expanded office. Upgrades include; polished travertine floors, wood veneer structured flooring, newer carpet, updated kitchen w/granite counters, Blanco sink, stainless steel appliances including convection oven, microwave, fridge, gas cook top, deep pantry drawers. Don't miss the H2O softener, re-circulating pump for constant hot H2O, car lift in the garage (possible to park 3 cars). Top of the line 10K media package includes 2 flat screen TVs, cabinet, speakers t/o home, surround sound to various speaker zones, & DVD player, wired for surround sound & structured wiring, fire sprinklers. Updated light fixtures th/o. (more) Granite counters in bathrooms with under mount sink, framed mirrors nickel finish hardware, jetted Kohler master tub, limestone surround and frameless glass shower, remote control duets, decorator drapes. Huge master closet has Elfa closet systems. Inside laundry w/utility sink, Crown molding in office, and 6"baseboards. 3 Big Beautiful Ficus Trees recently planted in the back yard for added privacy.

Low maintenance backyard with a cozy covered patio. Close to shopping and restaurants. A beautiful maintained gated community with a community pool and spa.

Seller will consider selling some furnishings.
Gas stub to the dryer
Mirror in the guest hallway will convey with home. TV Brackets in office and guest bedroom will convey with home.
Interior paint 2011
Closet doors for guest room store in laundry room, attached brackets in the garage will also stay.

Last Agent to Sell the Property

Karrie Law

RE/MAX Foothills License #SA106335000 Listed on: 03/08/2014

RE/MAX Foothills

Last Buyer's Agent

Deepak Verma

Advanta Living Real Estate License #BR553664000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,185

Year Built

  • Built in 1999

Lot Details

  • 6,290 Sq Ft Lot
  • Desert faces the front of the property
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

HOA Fees

  • $225 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,635 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Fire Sprinkler System

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Outdoor Features

  • Covered Patio or Porch

Schools

  • Sequoya Elementary School
  • Cocopah Middle School
  • Chaparral High School

Utilities

  • Refrigerated Cooling System
  • Zoned Heating
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number 175-27-078

Community Details

Overview

  • Association fees include ground maintenance, street maintenance, front yard maint
  • Aam Association, Phone Number (602) 957-9191
  • Built by AF Sterling
  • Sterling Place Subdivision

Recreation

  • Community Pool
  • Community Spa

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,185

Year Built

Built in 1999

Lot Details

0

HOA Fees

$225 per month

Parking

2

Listing Details

  • Cross Street: Scottsdale Road and Cholla
  • 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: 225.0
  • Basement: N
  • Items Updated Floor Yr Updated: 2006
  • Items Updated Ht Cool Yr Updated: 2008
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1999
  • Tax Year: 2013
  • Directions: East on Cholla to Gated Entry, North to Cortez, West to home.
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.14
  • Subdivision Name: Sterling Place
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 225.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile, Wood
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Breakfast Bar, Fire Sprinklers, Pantry, Double Vanity, Separate Shwr & Tub, Tub with Jets, High Speed Internet, Granite Counters
  • Living Area: 2635.0
  • Stories: 1
  • Window Features: Dual Pane
  • Fireplace:No Fireplace: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Gated Community2: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Community Features:Community Spa: Yes
  • Kitchen Features:Cook Top Gas: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s)
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Seller Discl Avail
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Electric Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Electric Door Opener: Yes

Utilities

  • Cooling: Refrigeration, Programmable Thmstat, Ceiling Fan(s)
  • Heating: Electric
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Community Spa, Community Pool
  • Amenities: Management
  • Association Fee: 225.0
  • Association Fee Frequency: Monthly
  • Association Name: Sterling Place
  • Phone: 602-674-4365
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 396.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Sterling Place
  • Association Fees:HOA Telephone4: 602-674-4365
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 450.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: AAM
  • Association Fees:HOA Management Phone: 602-957-9191
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Street Maint: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Street Maint, Front Yard Maint

Schools

  • Elementary School: Sequoya Elementary School
  • High School: Chaparral High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Cocopah Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6290.0
  • Parcel #: 175-27-078
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: AF Sterling

Tax Info

  • Tax Annual Amount: 2185.0
  • Tax Book Number: 175.00
  • Tax Lot: 28
  • Tax Map Number: 27.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2014
Closed on
Apr 16, 2015
Sold by
Bagai Roshini and Bagal Rajesh
Bought by
Bagai Rajesh
Seller's Agent
Karrie Law
RE/MAX Foothills
Buyer's Agent
Deepak Verma
Advanta Living Real Estate
List Price
$615,000
Sold Price
$525,000
Premium/Discount to List
-$90,000
-14.63%
Current Estimated Value
$1,071,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$546,489
Avg. Annual Appreciation
6.95%
Original Mortgage
$417,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 8, 2014
Closed on
Apr 6, 2015
Sold by
Heeter Chris B
Bought by
Bagai Ramesh and Bagai Deepa
Seller's Agent
Karrie Law
RE/MAX Foothills
Buyer's Agent
Deepak Verma
Advanta Living Real Estate
List Price
$615,000
Sold Price
$525,000
Premium/Discount to List
-$90,000
-14.63%

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
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2007
Sold by
Heeter Chris B
Bought by
Heeter Chris B and Chris B Heeter Family Trust

Purchase Details

Closed on
Mar 1, 2006
Sold by
Heeter Nita S
Bought by
Heeter Chris B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.2%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 28, 2006
Sold by
Oladunjoye Teslim
Bought by
Heeter Chris B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.2%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 3, 2005
Sold by
Oladunjoye Olayinka
Bought by
Oladunjoye Teslim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,875
Interest Rate
5.72%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 2, 2005
Sold by
Kingdom
Bought by
Oladunjoye Teslim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,875
Interest Rate
5.72%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 21, 2005
Sold by
Daniel Gregg D
Bought by
Kingdom

Purchase Details

Closed on
Jun 24, 1999
Sold by
Ortega Sali A and Daniel Sloan
Bought by
Daniel Greg

Purchase Details

Closed on
Dec 15, 1998
Sold by
Scotia Joint Venture Llp
Bought by
Daniel Gregg D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,150
Interest Rate
9.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 1998
Sold by
Stardust Development Inc
Bought by
Scotia Joint Venture
Source: Public Records

Range of Values:

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Average Value
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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
Bagai Rajesh -- Clear Title Agency
Bagai Ramesh $525,000 Clear Title Agency
Heeter Chris B -- First American Title Ins Co
Heeter Chris B -- First American Title Ins Co
Heeter Chris B $630,000 First American Title Ins Co
Oladunjoye Teslim -- Land Title Agency Of Az Inc
Oladunjoye Teslim $552,500 Land Title Agency Of Az Inc
Kingdom -- --
Daniel Greg -- --
Daniel Gregg D $299,000 Fidelity Title
Scotia Joint Venture $78,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bagai Ramesh $417,000
Previous Owner Heeter Chris B $480,000
Previous Owner Oladunjoye Teslim $82,875
Previous Owner Oladunjoye Teslim $442,000
Previous Owner Oladunjoye Teslim $442,000
Previous Owner Daniel Gregg D $254,150
Closed Daniel Gregg D $8,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2015 04/18/15 Sold $525,000 -2.6% $199 / Sq Ft
03/03/2015 03/03/15 Pending -- -- --
02/05/2015 02/05/15 Price Changed $539,000 -1.8% $205 / Sq Ft
10/24/2014 10/24/14 Price Changed $549,000 -1.8% $208 / Sq Ft
06/16/2014 06/16/14 Price Changed $559,000 -2.8% $212 / Sq Ft
04/14/2014 04/14/14 Price Changed $575,000 -4.0% $218 / Sq Ft
04/02/2014 04/02/14 Price Changed $599,000 -2.6% $227 / Sq Ft
03/08/2014 03/08/14 For Sale $615,000 -- $233 / 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 $2,793 $48,953 -- --
2024 $2,732 $46,622 -- --
2023 $2,732 $68,980 $13,790 $55,190
2022 $2,600 $55,480 $11,090 $44,390
2021 $2,821 $50,180 $10,030 $40,150
2020 $2,795 $46,950 $9,390 $37,560
2019 $2,710 $44,580 $8,910 $35,670
2018 $2,648 $42,410 $8,480 $33,930
2017 $2,499 $38,310 $7,660 $30,650
2016 $2,449 $39,650 $7,930 $31,720
2015 $2,353 $40,020 $8,000 $32,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5081340

Arizona Regional Multiple Listing Service (ARMLS)

APN: 175-27-078