NOT LISTED FOR SALE

7406 E Camino Rayo de Luz Scottsdale, AZ 85266

Boulders Neighborhood

Estimated Value: $1,156,000 - $1,576,000

3 Beds
3.5 Baths
3,386 Sq Ft
$428/Sq Ft Est. Value

Last Sold April 15, 2020

Last sale price $760,597 $225 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $8,505/month

155 Days on Market

Highlights

  • Heated Spa
  • Gated Community
  • Mountain View
  • Lone Mountain Elementary School Rated A-
  • Two Primary Bathrooms
  • Spanish Architecture

About This Home

As of April 2020

Located in the gated community of Las Piedras at Sevano Village this wonderful home sits on a prime corner cul-de-sac lot w/ a North facing backyard & surrounded by natural area open space. Sitting at just over 3,000 square feet, this three ensuite bedroom plus den home features a great room floor plan overlooking the lush backyard. From the private and gated front courtyard with water feature and paver patio area, to the awning covered heated pool & spa, built in barbecue, & large covered rear patio, this home is surrounded by mature landscaping creating the ultimate outdoor oasis. The kitchen has a private patio off the breakfast area, stainless steel appliances including a gas cooktop & beverage fridge, large center prep island w/ sink, built-in desk, beautiful cabinetry & bar seating. The master bedroom has two exterior access areas, sitting room, and a large master bath with separate vanities, large soaking tub framing the entrance, separate walk-in shower, and two walk-in closets. The three-car garage with chevron patterned doors, tile roof, paver drive and exterior stacked stone accents create a beautiful first impression. The open dining and living room spaces feature lots of windows overlooking the rear yard, a cozy fireplace and built-in entertainment center and shelves. Community amenities include a community pool, spa, fitness center and barbecue area along with easy access to dining and shopping.

Last Agent to Sell the Property

Lisa Lucky

Russ Lyon Sotheby's International Realty License #BR516513000 Listed on: 09/30/2019

Russ Lyon Sotheby's International Realty

Co-Listed By

Laura Lucky

Russ Lyon Sotheby's International Realty License #BR632934000

Last Buyer's Agent

Jennifer Wehner

eXp Realty License #BR545357000

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,420

Year Built

  • Built in 2004

Lot Details

  • 9,449 Sq Ft Lot
  • Cul-De-Sac
  • Private Streets
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Block Wall Fence
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer

HOA Fees

  • $225 Monthly HOA Fees

Parking

  • 3 Car Garage

Home Design

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

Interior Spaces

  • 3,386 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Double Pane Windows
  • Living Room with Fireplace
  • Mountain Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • ENERGY STAR Qualified Appliances
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Two Primary Bathrooms
  • Primary Bathroom is a Full Bathroom
  • 3.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Pool

  • Heated Spa
  • Heated Pool

Schools

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

Utilities

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

Additional Features

  • No Interior Steps
  • Covered patio or porch

Listing and Financial Details

  • Tax Lot 49
  • Assessor Parcel Number 216-51-151

Community Details

Overview

  • Association fees include street maintenance
  • City Property Mgmt. Association, Phone Number (602) 437-4777
  • Built by Columbia Communities
  • Las Piedras Subdivision, Alegre Floorplan

Recreation

  • Community Pool
  • Community Spa
  • Bike Trail

Additional Features

  • Recreation Room
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,420

Year Built

Built in 2004

Lot Details

0

HOA Fees

$225 per month

Parking

3

Listing Details

  • Cross Street: Scottsdale Road & Ashler Hills Dr.
  • 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
  • Parking Spaces Slab Parking Spaces: 3.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2004
  • Spa Private: Yes
  • Tax Year: 2019
  • Directions: Head North on Scottsdale Road to Ashler Hills Drive. Turn Right on Ashler Hills which turns into 74th Way. Through guard gate and Left on Camino Rayo De Luz. Home will be on the Right.
  • Master Model: Alegre
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.22
  • Co List Office Mls Id: lyon25
  • Co List Office Phone: 480-585-7070
  • Subdivision Name: Las Piedras
  • Architectural Style: Spanish
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • 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
  • Cooling:Central Air: Yes
  • Features:Water Purifier: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Stone
  • Basement YN: No
  • Spa Features: Heated, Private
  • Appliances: Gas Cooktop, Water Purifier
  • Possible Bedrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace, Living Room
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Central Vacuum, No Interior Steps, Kitchen Island, 2 Master Baths, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
  • Living Area: 3386.0
  • Stories: 1
  • Window Features: Dual Pane
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Multiple Ovens: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Private Street(s)
  • Lot Features: Corner Lot, Desert Back, Desert Front, Cul-De-Sac, Auto Timer H2O Front, Auto Timer H2O Back, Irrigation Front, Irrigation Back
  • Pool Features: Heated, Private
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Private Street(s): Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Attch'd Gar Cabinets
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 3.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Laundry Features: Engy Star (See Rmks)
  • Security: Fire Sprinkler System
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Gated, Community Spa, Community Pool, Biking/Walking Path
  • Association Fee: 225.0
  • Association Fee Frequency: Monthly
  • Association Name: Las Piedras
  • Phone: 602-437-4777
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Las Piedras
  • Association Fees:HOA Telephone4: 602-437-4777
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 675.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:HOA Management Company: City Property Mgmt.
  • Association Fees:HOA Management Phone: 602-437-4777
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Street Maint: Yes

Fee Information

  • Association Fee Includes: Street Maint

Schools

  • Elementary School: Black 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

  • Land Lease: No
  • Lot Size Sq Ft: 9449.0
  • Parcel #: 216-51-151

Building Info

  • Builder Name: Columbia Communities

Tax Info

  • Tax Annual Amount: 4420.0
  • Tax Book Number: 216.00
  • Tax Lot: 49
  • Tax Map Number: 51.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2019
Closed on
Apr 8, 2020
Sold by
Cross John O and Cross Karen S
Bought by
Chatham Kristi Hanson and Chatham Russell A
Seller's Agent
Lisa Lucky
Russ Lyon Sotheby's International Realty
Buyer's Agent
Jennifer Wehner
eXp Realty
List Price
$845,000
Sold Price
$760,597
Premium/Discount to List
-$84,403
-9.99%
Current Estimated Value
$1,453,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$692,634
Avg. Annual Appreciation
12.94%
Original Mortgage
$385,597
Outstanding Balance
$344,059
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$1,109,173

Purchase Details

Listed on
May 31, 2011
Closed on
Feb 1, 2012
Sold by
Schmelz Al and Schmelz Mary Ann
Bought by
Cross John O and Cross Karen S
Seller's Agent
Kevin Craig
Compass
Buyer's Agent
Karen Grobman
RE/MAX Fine Properties
List Price
$688,000
Sold Price
$555,000
Premium/Discount to List
-$133,000
-19.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.94%
Original Mortgage
$417,000
Interest Rate
3.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2004
Sold by
Glen Eagle Partners Llc
Bought by
Schmelz Al and Schmelz Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,195
Interest Rate
5.62%
Mortgage Type
New Conventional
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
Chatham Kristi Hanson $760,597 Fidelity Natl Ttl Agcy Inc
Cross John O $555,000 Lawyers Title Of Arizona Inc
Schmelz Al $673,994 Lawyers Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chatham Kristi Hanson $385,597
Previous Owner Cross John O $417,000
Previous Owner Schmelz Al $770,000
Previous Owner Schmelz Al $165,000
Previous Owner Schmelz Al $825,000
Previous Owner Schmelz Al $539,195
Closed Schmelz Al $67,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2020 04/15/20 Sold $760,597 -0.6% $225 / Sq Ft
03/03/2020 03/03/20 Pending -- -- --
01/08/2020 01/08/20 Price Changed $765,000 -1.9% $226 / Sq Ft
12/05/2019 12/05/19 Price Changed $780,000 -1.9% $230 / Sq Ft
11/20/2019 11/20/19 Price Changed $795,000 -5.9% $235 / Sq Ft
09/30/2019 09/30/19 For Sale $845,000 0.0% $250 / Sq Ft
09/08/2018 09/08/18 Rented $3,900 0.0% --
08/15/2018 08/15/18 Under Contract -- -- --
04/19/2018 04/19/18 Price Changed $3,900 -40.0% $1 / Sq Ft
06/30/2017 06/30/17 For Rent $6,500 0.0% --
02/17/2012 02/17/12 Sold $555,000 0.0% $164 / Sq Ft
01/03/2012 01/03/12 Price Changed $555,000 -1.8% $164 / Sq Ft
01/03/2012 01/03/12 Price Changed $565,000 -1.7% $167 / Sq Ft
10/11/2011 10/11/11 Price Changed $575,000 -6.5% $170 / Sq Ft
07/28/2011 07/28/11 Price Changed $615,000 +19.4% $182 / Sq Ft
07/23/2011 07/23/11 Price Changed $515,000 -1.9% $153 / Sq Ft
07/20/2011 07/20/11 Price Changed $525,000 -8.7% $156 / Sq Ft
07/17/2011 07/17/11 Price Changed $575,000 -4.0% $170 / Sq Ft
07/13/2011 07/13/11 Price Changed $599,000 -4.1% $178 / Sq Ft
07/07/2011 07/07/11 Price Changed $624,900 -3.1% $185 / Sq Ft
07/05/2011 07/05/11 Price Changed $644,900 -3.0% $191 / Sq Ft
06/28/2011 06/28/11 Price Changed $664,900 -1.5% $197 / Sq Ft
06/18/2011 06/18/11 Price Changed $674,900 -1.9% $200 / Sq Ft
05/31/2011 05/31/11 For Sale $688,000 -- $204 / 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 $3,047 $84,192 -- --
2024 $3,796 $80,182 -- --
2023 $3,796 $92,930 $18,580 $74,350
2022 $3,644 $78,630 $15,720 $62,910
2021 $4,048 $73,610 $14,720 $58,890
2020 $3,983 $72,030 $14,400 $57,630
2019 $4,420 $71,830 $14,360 $57,470
2018 $4,298 $67,080 $13,410 $53,670
2017 $4,140 $66,150 $13,230 $52,920
2016 $4,122 $66,210 $13,240 $52,970
2015 $3,897 $59,250 $11,850 $47,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5985188

Arizona Regional Multiple Listing Service (ARMLS)

APN: 216-51-151