H
Seller's Agent in 2021
Heena Khatri
URBANCITI Realty
(480) 993-0901
1 in this area
3 Total Sales
7411 E Jackrabbit Rd Scottsdale, AZ 85250
Indian Bend NeighborhoodEstimated Value: $3,685,000 - $7,016,000
5
Beds
5.5
Baths
8,003
Sq Ft
$678/Sq Ft
Est. Value
Highlights
- Guest House
- Heated Pool
- Fireplace in Primary Bedroom
- Kiva Elementary School Rated A
- 1.16 Acre Lot
- Santa Barbara Architecture
About This Home
As of April 2021TRUSTEE SALE - MUST SELL! UNITED STATES BANKRUPTCY SALE. This is a Lender initiated short sale through the United States Bankruptcy Court System. All offers are subject to Lender and court final approval. Rare opportunity to purchase a one of a kind luxurious Paradise Valley/Scottsdale gated estate in bankruptcy. This is the one to own - property needs TLC and updates to make it a home again. It is at a stones through from Old Town Scottsdale's Fashion Square mall. Walking distance from restaurants, shopping and nightlife. This estate boasts a wine cellar, 4-car garage , service kitchen, guest house, cedar wood sauna, and more. Home needs work, and needs repairs to bring to former glory. Calling all offers.
Last Agent to Sell the Property
URBANCITI Realty License #BR570341000 Listed on: 06/22/2020
Last Buyer's Agent
Hugh Anderson
Anderson & Anderson Real Estate License #BR012206000
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,697
Year Built
- Built in 2005
Lot Details
- 1.16 Acre Lot
- Block Wall Fence
- Misting System
- Front and Back Yard Sprinklers
Parking
- 4 Car Direct Access Garage
Home Design
- Santa Barbara Architecture
- Wood Frame Construction
- Tile Roof
- Stucco
Interior Spaces
- 8,003 Sq Ft Home
- 1-Story Property
- Wet Bar
- Free Standing Fireplace
- Gas Fireplace
- Family Room with Fireplace
- 3 Fireplaces
- Living Room with Fireplace
- Security System Owned
- Washer and Dryer Hookup
Kitchen
- Breakfast Bar
- Granite Countertops
Bedrooms and Bathrooms
- 5 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 Pool
- Heated Spa
Outdoor Features
- Covered Patio or Porch
- Outdoor Fireplace
- Fire Pit
Additional Homes
- Guest House
Schools
- Kiva Elementary School
- Mohave Middle School
Utilities
- Central Air
- Heating Available
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Association fees include no fees
- Baxter Acres Abitrary Lots 1&2 Subdivision
Listing and Financial Details
- Short Sale
- Tax Lot 1
- Assessor Parcel Number 173-16-046
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 22, 2020
Closed on
Apr 19, 2021
Sold by
Mulac Joseph Carl and Mulac Mary Ellen
Bought by
Chang Robert
Seller's Agent
Heena Khatri
URBANCITI Realty
Buyer's Agent
Hugh Anderson
Anderson & Anderson Real Estate
List Price
$3,500,000
Sold Price
$2,800,000
Premium/Discount to List
-$700,000
-20%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,399,311
Avg. Annual Appreciation
14.26%
Original Mortgage
$1,999,950
Outstanding Balance
$1,795,450
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$3,629,048
Purchase Details
Listed on
Jun 22, 2020
Closed on
Apr 14, 2021
Sold by
Chang Janae and Chang Robert C
Bought by
Chang Robert C and Chang Janae
Seller's Agent
Heena Khatri
URBANCITI Realty
Buyer's Agent
Hugh Anderson
Anderson & Anderson Real Estate
List Price
$3,500,000
Sold Price
$2,800,000
Premium/Discount to List
-$700,000
-20%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,999,950
Outstanding Balance
$1,795,450
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$3,629,048
Purchase Details
Closed on
Sep 20, 2007
Sold by
Murray Karen
Bought by
Mulac Joseph Carl and Mulac Mary Ellen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$757,000
Interest Rate
6.46%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
May 10, 2006
Sold by
Desert Bay Builders Llc
Bought by
Murray Karen and The Cjt Family Revocable Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,395,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 24, 2005
Sold by
Martinson Bruce and Martinson Lesley
Bought by
Desert Bay Builders Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,600,000
Interest Rate
5.77%
Mortgage Type
Construction
Purchase Details
Closed on
Aug 21, 2003
Sold by
Cunningham James P and Cunningham Judith C
Bought by
Martinson Bruce and Martinson Lesley
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 1, 1996
Sold by
Cunningham James P and Cunningham Judith C
Bought by
Cunningham James P and Cunningham Judith C
Purchase Details
Closed on
Apr 28, 1995
Sold by
Cunningham Sean and Cunningham Marla
Bought by
Cunningham James P and Cunningham Judith C
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chang Robert | $2,800,000 | American Title Svc Agcy Llc | |
| Chang Robert C | -- | American Title Svc Agcy Llc | |
| Mulac Joseph Carl | -- | Grand Canyon Title Agency In | |
| Murray Karen | $4,850,000 | Security Title Agency Inc | |
| Desert Bay Builders Llc | -- | Security Title Agency Inc | |
| Martinson Bruce | $525,000 | Security Title Agency | |
| Cunningham James P | -- | -- | |
| Cunningham James P | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chang Robert C | $1,999,950 | |
| Previous Owner | Mulac Joseph Carl | $757,000 | |
| Previous Owner | Murray Karen | $3,395,000 | |
| Previous Owner | Desert Bay Builders Llc | $2,600,000 | |
| Previous Owner | Martinson Bruce | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/20/2021 04/20/21 | Sold | $2,800,000 | 0.0% | $350 / Sq Ft |
| 10/08/2020 10/08/20 | Pending | -- | -- | -- |
| 09/02/2020 09/02/20 | Price Changed | $2,800,000 | -20.0% | $350 / Sq Ft |
| 06/22/2020 06/22/20 | For Sale | $3,500,000 | -- | $437 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $13,818 | $234,452 | -- | -- |
| 2024 | $12,993 | $223,288 | -- | -- |
| 2023 | $12,993 | $387,050 | $77,410 | $309,640 |
| 2022 | $12,439 | $275,030 | $55,000 | $220,030 |
| 2021 | $13,261 | $254,870 | $50,970 | $203,900 |
| 2020 | $13,172 | $241,630 | $48,320 | $193,310 |
| 2019 | $12,697 | $224,810 | $44,960 | $179,850 |
| 2018 | $12,203 | $220,370 | $44,070 | $176,300 |
| 2017 | $11,699 | $213,650 | $42,730 | $170,920 |
| 2016 | $11,442 | $151,130 | $30,220 | $120,910 |
| 2015 | $11,397 | $151,130 | $30,220 | $120,910 |
Source: Public Records
Agents Affiliated with this Home
-
Heena Khatri
-
H
Buyer's Agent in 2021
Hugh Anderson
Anderson & Anderson Real Estate
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6095265
APN: 173-16-046
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.
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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