NOT LISTED FOR SALE

7350 E Highland Rd Cave Creek, AZ 85331

Estimated Value: $1,526,000 - $1,713,000

3 Beds
3.5 Baths
2,969 Sq Ft
$538/Sq Ft Est. Value

Last Sold June 21, 2018

Last sale price $761,450 $256 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $8,131/month

182 Days on Market

Highlights

  • 2.5 Acre Lot
  • Mountain View
  • Granite Countertops
  • Black Mountain Elementary School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of June 2018

2 years New - 2016 Custom Home by the mountains with modern clean lines, and zero steps. Enjoy the shaded north Patio or full sun & starry nights on your 2.5 level acres. Plenty of room to add your collector Garage, RV, Horse set-up, Casita, or Pool. The open Great room includes a Cook's-dream Kitchen, quartz center island, professional appliances aside spacious Dining. This split floor plan has 2 Master Suites, Office-library, Hobby room, and a Workshop (or 3rd Garage.) Both the Office & Hobby room could be Bedrooms. Designed for energy efficiency and low maintenance living. Quality hardwood floors, solid doors, gorgeous tile. Prime location close to the Town core for unique shopping & dining, plus trails for hiking, cycling, or horseback riding. Reduced and priced to sell!

Last Agent to Sell the Property

Debbie Omundson

Russ Lyon Sotheby's International Realty License #BR043321000 Listed on: 11/20/2017

Russ Lyon Sotheby's International Realty

Last Buyer's Agent

Susan Folts

Russ Lyon Sotheby's International Realty License #SA562228000

Russ Lyon Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,737

Year Built

  • Built in 2016

Lot Details

  • 2.5 Acre Lot
  • Private Streets
  • Wrought Iron Fence
  • Backyard Sprinklers

Parking

  • 3 Car Garage
  • 2 Open Parking Spaces
  • 1 Carport Space
  • Garage ceiling height seven feet or more
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Foam Roof
  • Stucco

Interior Spaces

  • 2,969 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Ceiling Fan
  • Double Pane Windows
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall
  • Solar Tube

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Fire Sprinkler System

Accessible Home Design

  • No Interior Steps

Schools

  • Black Mountain Elementary School
  • Sonoran Trails Middle School
  • Cactus Shadows High School

Utilities

  • Refrigerated Cooling System
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Propane
  • Well
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Built by Custom
  • 2.5 Acres By The Mountains Subdivision, 2016 Custom Floorplan

Listing and Financial Details

  • Assessor Parcel Number 216-20-006-B

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,737

Year Built

Built in 2016

Lot Details

0

Parking

3

Listing Details

  • Cross Street: Cave Creek Road/Schoolhouse Road
  • Property Type: Residential
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 4.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2016
  • Tax Year: 2017
  • Directions: North on Schoolhouse to Highland, right to 74th, north to home on right.
  • Master Model: 2016 Custom
  • Property Sub Type: Single Family - Detached
  • Lot Size Acres: 2.5
  • Subdivision Name: 2.5 Acres by the Mountains
  • Architectural Style: Other (See Remarks)
  • Efficiency: Solar Tubes, Multi-Zones
  • Property Attached Yn: No
  • Tax Parcel Letter: B
  • ResoBuildingAreaSource: Assessor
  • Utilities Butane Propane: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Wood
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Breakfast Bar, Fire Sprinklers, No Interior Steps, Wet Bar, Kitchen Island, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet, Granite Counters
  • Living Area: 2969.0
  • Stories: 1
  • Window Features: Double Pane Windows
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Kitchen Features:Built In Recycling: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Exterior Features: Private Street(s)
  • Lot Features: Sprinklers In Rear
  • Pool Features: None
  • View: Mountain(s)
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Frame - Wood
  • Roof: Built-Up, Foam
  • Construction:Frame - Wood: Yes
  • Exterior Features:Private Street(s): Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Electric Door Opener, Extnded Lngth Garage, Over Height Garage
  • Attached Garage: No
  • Carport Spaces: 1.0
  • Garage Spaces: 3.0
  • Open Parking Spaces: 2.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Extnded Lngth Garage: Yes
  • Parking Features:Over Height Garage: Yes

Utilities

  • Utilities: Propane
  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Natural Gas
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Security: Security System Owned
  • Water Source: Well
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Amenities: None
  • 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

Schools

  • Elementary School: Black Mountain Elementary School
  • High School: Cactus Shadows High School
  • Middle Or Junior School: Sonoran Trails Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 108900.0
  • Parcel #: 216-20-006-B
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Water Conservation: Recirculation Pump

Building Info

  • Builder Name: Custom

Tax Info

  • Tax Annual Amount: 2737.0
  • Tax Book Number: 216.00
  • Tax Lot: -
  • Tax Map Number: 20.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2019
Sold by
Folts Randall C and Folts Susan C
Bought by
Folts Randall C and Folts Susan C
Total Days on Market
182
Current Estimated Value
$1,491,339

Purchase Details

Listed on
Nov 20, 2017
Closed on
May 22, 2018
Sold by
Bell Everett E and Bell Sharon A
Bought by
Folts Randall C and Folts Susan C
Seller's Agent
Debbie Omundson
Russ Lyon Sotheby's International Realty
Buyer's Agent
Susan Folts
Russ Lyon Sotheby's International Realty
List Price
$879,000
Sold Price
$761,450
Premium/Discount to List
-$117,550
-13.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.18%
Original Mortgage
$200,000
Outstanding Balance
$174,770
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,422,428

Purchase Details

Closed on
Nov 1, 2016
Sold by
Bell Everett E and Bell Sharon A
Bought by
Bell Everette E and Bell Sharon A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2016
Sold by
Bell Everett E and Bell Sharon A
Bought by
Bell Family Trust and Bell Sharon A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 16, 2016
Sold by
Bell Everett E and Bell Sharon A
Bought by
Bell Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 2016
Sold by
Bell Everett E and Bell Sharon A
Bought by
Bell Everett E and Bell Sharon A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2015
Sold by
Blakey A Craig
Bought by
Bell Family Trust
Source: Public Records

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Range of Values:

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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
Folts Randall C -- None Available
Folts Randall C $761,450 First American Title Insuran
Bell Everette E -- U S Title Agency Llc
Bell Family Trust -- Accommodation
Bell Everett E -- U S Title Agency Llc
Bell Family Trust -- Chicago Title Agency Inc
Bell Everett E -- Chicago Title Agency Inc
Bell Everett E -- Chicago Title Agency Inc
Bell Family Trust $192,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Folts Randall C $100,001
Open Folts Randall C $200,000
Previous Owner Bell Everette E $375,000
Previous Owner Bell Everett E $260,000
Previous Owner Bell Everett E $193,000
Previous Owner Bell Family Trust $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2018 06/21/18 Sold $761,450 -4.6% $256 / Sq Ft
05/21/2018 05/21/18 Pending -- -- --
05/13/2018 05/13/18 Price Changed $798,000 -3.3% $269 / Sq Ft
02/10/2018 02/10/18 Price Changed $825,000 -4.6% $278 / Sq Ft
01/29/2018 01/29/18 Price Changed $865,000 -1.6% $291 / Sq Ft
11/20/2017 11/20/17 For Sale $879,000 -- $296 / 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 $2,591 $68,515 -- --
2024 $2,479 $65,252 -- --
2023 $2,479 $119,170 $23,830 $95,340
2022 $2,429 $91,070 $18,210 $72,860
2021 $2,726 $89,430 $17,880 $71,550
2020 $2,687 $75,610 $15,120 $60,490
2019 $2,489 $64,860 $12,970 $51,890
2018 $2,396 $61,960 $12,390 $49,570
2017 $2,737 $59,050 $11,810 $47,240
2016 $1,029 $19,890 $19,890 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5690192

Arizona Regional Multiple Listing Service (ARMLS)

APN: 216-20-006B