NOT LISTED FOR SALE

Estimated Value: $2,883,903 - $3,764,000

4 Beds
5.5 Baths
4,474 Sq Ft
$722/Sq Ft Est. Value

Last Sold March 26, 2012

Last sale price $1,325,000 $296 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $18,438/month

169 Days on Market

Highlights

  • Concierge
  • Guest House
  • Gated with Attendant
  • Lone Mountain Elementary School Rated A-
  • Fitness Center
  • Heated Spa

About This Home

As of March 2012

REDUCED $348,000!! Located in the prestigious community of Whisper Rock Estates and built by Platinum Homes, this Bing Hu design is located on a south-facing, 1.22 acre lot. A traditional Mediterranean inspired home offers five bedroom suites (or four with office & full bath), custom details throughout, automated lighting system, formal living dining great room, and a separate casita. The south-facing patio is complete with fire place, BBQ, heated pool & spa and views to open desert and sunsets.

Last Agent to Sell the Property

Tom Locati

Russ Lyon Sotheby's International Realty License #SA521329000 Listed on: 09/19/2011

Russ Lyon Sotheby's International Realty

Co-Listed By

Will Foote

Russ Lyon Sotheby's International Realty License #SA561829000

Last Buyer's Agent

Tom Locati

Russ Lyon Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,910

Year Built

  • Built in 2002

Lot Details

  • 1.22 Acre Lot
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Front and Back Yard Sprinklers

HOA Fees

  • $417 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Garage Door Opener

Home Design

  • Spanish Architecture
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 4,474 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Living Room with Fireplace
  • 3 Fireplaces
  • Mountain Views
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bathroom is a Full Bathroom
  • 5.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bidet
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Pool

  • Heated Spa
  • Heated Pool

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Fireplace
  • Fire Pit
  • Built-In Barbecue

Additional Homes

  • Guest House

Schools

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

Utilities

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

Listing and Financial Details

  • Tax Lot 45
  • Assessor Parcel Number 216-51-049

Community Details

Overview

  • Association fees include ground maintenance, street maintenance
  • Wreca Association, Phone Number (480) 575-5555
  • Built by Platinum Homes
  • Whisper Rock Unit 1 Subdivision

Amenities

  • Concierge
  • Clubhouse
  • Recreation Room

Recreation

  • Tennis Courts
  • Fitness Center
  • Heated Community Pool
  • Community Spa

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,910

Year Built

Built in 2002

Lot Details

0

HOA Fees

$417 per month

Parking

3

Listing Details

  • Cross Street: Lone Mountain and Hayden Road
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Total Monthly Fee Equivalent: 312.5
  • Basement: N
  • Updated Pool: Full
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2002
  • Spa Private: Yes
  • Tax Year: 2011
  • Directions: East on Lone Mountain off Scottsdale Road, North on Hayden Road to Gate House OR West on Lone Mountain off Scottsdale Road, North on Hayden Road to Gate House.
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 1.22
  • Co List Office Mls Id: lyon06
  • Co List Office Phone: 480-585-7070
  • Subdivision Name: WHISPER ROCK UNIT 1
  • Architectural Style: Spanish
  • Efficiency: Multi-Pane Wndws, Multi-Zones
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 1250.0
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: None
  • Flooring: Carpet, Stone
  • Basement YN: No
  • Spa Features: Heated, Private
  • Possible Bedrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: 3+ Fireplace, Exterior Fireplace, Fire Pit, Living Room, Master Bedroom, Gas
  • Fireplace: Yes
  • Interior Amenities: Eat-in Kitchen, 9+ Flat Ceilings, Central Vacuum, Vaulted Ceiling(s), Kitchen Island, Pantry, Bidet, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets, High Speed Internet, Granite Counters
  • Living Area: 4474.0
  • Stories: 1
  • Community Features:ClubhouseRec Room: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Gated Community2: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Guarded Entry: Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Fireplace:Exterior Fireplace: Yes
  • Other Rooms:Family Room: Yes
  • Fireplace:Gas Fireplace: Yes
  • Community Features:On-Site Guard: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Fireplace:Fireplace Living Rm: Yes
  • Fireplace:Firepit: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Fireplace:_three_ Fireplace: Yes
  • Fireplace:Fireplace Master Bdr: Yes
  • Other Rooms:Media Room: Yes
  • Community Features:Concierge: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Exterior Features: Covered Patio(s), Patio, Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front
  • Pool Features: Heated, Private
  • Pool Private: Yes
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Stucco, Frame - Wood
  • Other Structures: Guest House
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Separate Guest House: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Attch'd Gar Cabinets, Electric Door Opener, Extnded Lngth Garage
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Extnded Lngth Garage: Yes

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Natural Gas
  • Security: Security System Owned, Security Guard
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Community Spa Htd, Community Pool Htd, Guarded Entry, Concierge, Tennis Court(s), Clubhouse, Fitness Center
  • Amenities: Management
  • Association Fee: 1250.0
  • Association Fee Frequency: Quarterly
  • Association Name: WRECA
  • Phone: 480-575-5555
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: WRECA
  • Association Fees:HOA Telephone4: 480-575-5555
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fee Incl:Street Maint: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Street Maint

Schools

  • Elementary School: Lone Mountain Elementary School
  • High School: Cactus Shadows High School
  • Junior High Dist: Cave Creek Unified District
  • Middle Or Junior School: Sonoran Trails Middle School

Lot Info

  • Lot Size Sq Ft: 53115.0
  • Parcel #: 216-51-049
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Platinum Homes

Tax Info

  • Tax Annual Amount: 6910.0
  • Tax Book Number: 216.00
  • Tax Lot: 45
  • Tax Map Number: 51.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2012
Sold by
Grasso Arthur D
Bought by
The Arthur D Grasso Living Trust
Current Estimated Value
$3,228,476

Purchase Details

Listed on
Sep 19, 2011
Closed on
Mar 7, 2012
Sold by
Pavelich James S
Bought by
Grasso Arthur D
Seller's Agent
Tom Locati
Russ Lyon Sotheby's International Realty
Buyer's Agent
Tom Locati
Russ Lyon Sotheby's International Realty
List Price
$1,798,000
Sold Price
$1,325,000
Premium/Discount to List
-$473,000
-26.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.83%

Purchase Details

Closed on
Mar 9, 2006
Sold by
Pavelich Leslie
Bought by
Pavelich James S

Purchase Details

Closed on
Jul 22, 2003
Sold by
Platinum Homes Inc
Bought by
Reese R David and Reese Stephanie

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
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2002
Sold by
Reese Classic Homes Inc
Bought by
Platinum Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2002
Sold by
Lombard Andrew P and Lombard Lisa R
Bought by
Reese Classic Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 2000
Sold by
Whisper Rock Estates Llc
Bought by
Reese Classic Homes Inc and Lombard Andrew P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,000
Interest Rate
7.89%
Mortgage Type
New Conventional
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
The Arthur D Grasso Living Trust -- None Available
Grasso Arthur D $1,325,000 First American Title Ins Co
Pavelich James S -- Russ Lyon Title Agency Llc
Pavelich James S $2,245,000 Russ Lyon Title Agency Llc
Reese R David $1,500,000 Security Title Agency
Platinum Homes Inc $340,000 Security Title Agency
Reese Classic Homes Inc $340,000 Security Title Agency
Reese Classic Homes Inc $325,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reese R David $360,000
Previous Owner Reese R David $1,000,000
Previous Owner Platinum Homes Inc $1,100,000
Previous Owner Reese Classic Homes Inc $233,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2012 03/26/12 Sold $1,325,000 -8.6% $296 / Sq Ft
03/06/2012 03/06/12 Pending -- -- --
01/03/2012 01/03/12 Price Changed $1,450,000 -19.4% $324 / Sq Ft
09/19/2011 09/19/11 For Sale $1,798,000 -- $402 / 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 $9,841 $197,495 -- --
2024 $9,524 $188,091 -- --
2023 $9,524 $203,760 $40,750 $163,010
2022 $9,213 $175,000 $35,000 $140,000
2021 $9,984 $162,480 $32,490 $129,990
2020 $10,359 $160,750 $32,150 $128,600
2019 $10,472 $160,300 $32,060 $128,240
2018 $10,204 $171,370 $34,270 $137,100
2017 $9,747 $169,960 $33,990 $135,970
2016 $9,780 $168,320 $33,660 $134,660
2015 $9,191 $165,100 $33,020 $132,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4648992

Arizona Regional Multiple Listing Service (ARMLS)

APN: 216-51-049