Seller's Agent in 2025
Jennifer Boynton
Silverleaf Realty
(847) 602-3030
5 in this area
86 Total Sales
7440 E Cave Creek Rd Carefree, AZ 85377
--
Bed
--
Bath
--
Sq Ft
1963
Built
Highlights
- Heated Community Pool
- Brick Veneer
- Community Barbecue Grill
- Black Mountain Elementary School Rated A-
- Cooling Available
- 4-minute walk to Sundial Park
About This Home
As of June 2025Nestled in the tranquil heart of Carefree, this beautifully renovated multifamily property offers 8 distinct units, each thoughtfully restored to blend vintage character with modern conveniences. Every inch of the property has been updated with attention to detail, featuring brand-new custom kitchens with ample storage, new custom bathrooms, vinyl plank flooring, new windows, and new fans and fixtures. Each unit is equipped with new in-unit washer/dryers, updated HVAC systems, new hot water heaters, ensuring comfort and convenience throughout.Residents can enjoy new outdoor amenities, including a sparkling pool and putting green. The property comprises four spacious 2-bedroom/1-bath units and four 1-bedroom/1-bath units, offering a variety of living options.
Last Agent to Sell the Property
Silverleaf Realty License #BR640468000 Listed on: 03/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,324
Year Built
- Built in 1963
Home Design
- Brick Veneer
Interior Spaces
- Ceiling Fan
- Vinyl Flooring
Parking
- 9 Open Parking Spaces
- 9 Parking Spaces
- Free Parking
- Paved Parking
Utilities
- Cooling Available
- Heat Pump System
Listing and Financial Details
- The owner pays for pool maintenance, trash collection, sewer, landscaping
- Tax Lot 321
- Assessor Parcel Number 216-83-316-C
Community Details
Overview
- 2 Buildings
- 8 Units
- Building Dimensions are 32,352 sq ft.
- Carefree Too Subdivision
Amenities
- Community Barbecue Grill
Recreation
- Heated Community Pool
Building Details
- Operating Expense $32,586
- Gross Income $189,280
- Net Operating Income $156,937
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 24, 2025
Closed on
Jun 18, 2025
Sold by
Carefree Flats Llc
Bought by
Home Path Financial Limited Partnership
Seller's Agent
Jennifer Boynton
Silverleaf Realty
Buyer's Agent
Jacob Munoz
RHP Real Estate
List Price
$2,495,000
Sold Price
$2,465,000
Premium/Discount to List
-$30,000
-1.2%
Views
8
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
-$118,992
Avg. Annual Appreciation
-5.65%
Original Mortgage
$1,500,000
Outstanding Balance
$1,486,905
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
Estimated Equity
$859,103
Purchase Details
Closed on
Dec 10, 2021
Sold by
Cox Robert A
Bought by
Carefree Flats Llc
Purchase Details
Closed on
Nov 23, 2020
Sold by
Cox Robert and Cox Gayla
Bought by
Cox Robert A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $2,465,000 | First American Title Insurance | |
| Special Warranty Deed | $900,000 | Fidelity Natl Ttl Agcy Inc | |
| Warranty Deed | -- | Commonwealth Land Ttl Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,500,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Sold | $2,465,000 | -1.2% | -- |
| 06/24/2025 06/24/25 | Price Changed | $2,495,000 | 0.0% | -- |
| 05/06/2025 05/06/25 | Pending | -- | -- | -- |
| 03/24/2025 03/24/25 | For Sale | $2,495,000 | -- | -- |
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 | $1,330 | $28,653 | -- | -- |
| 2024 | $1,254 | $27,289 | -- | -- |
| 2023 | $1,254 | $65,960 | $13,190 | $52,770 |
| 2022 | $1,229 | $47,000 | $9,400 | $37,600 |
| 2021 | $1,341 | $44,680 | $8,930 | $35,750 |
| 2020 | $1,319 | $38,250 | $7,650 | $30,600 |
| 2019 | $1,282 | $35,180 | $7,030 | $28,150 |
| 2018 | $1,238 | $32,230 | $6,440 | $25,790 |
| 2017 | $1,199 | $28,110 | $5,620 | $22,490 |
| 2016 | $1,194 | $27,450 | $5,490 | $21,960 |
| 2015 | $1,124 | $24,860 | $4,970 | $19,890 |
Source: Public Records
Agents Affiliated with this Home
-
Jennifer Boynton
-
Jacob Munoz
Buyer's Agent in 2025
Jacob Munoz
RHP Real Estate
(623) 764-1408
1 in this area
49 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6839986
APN: 216-83-316C
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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