NOT LISTED FOR SALE

7448 E Monterra Way Scottsdale, AZ 85266

Desert Foothills Neighborhood

Estimated Value: $1,575,650 - $1,734,000

4 Beds
4 Baths
3,816 Sq Ft
$438/Sq Ft Est. Value

Last Sold April 30, 2014

Last sale price $795,000 $208 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $9,142/month

3 Days on Market

Highlights

  • Heated Pool
  • Fireplace in Primary Bedroom
  • Santa Fe Architecture
  • Sonoran Trails Middle School Rated A-
  • Wood Flooring
  • Hydromassage or Jetted Bathtub

About This Home

As of April 2014

Impeccably appointed home situated on a private lot backing serene desert NAOS. The formal entry invites you into a warm living room with views of the resort -like backyard. There is a custom built-in bookcase, granite topped dry bar with wine refrigerator, making this a very cozy place to entertain. As family room, kitchen spaces go, you couldn't ask for a more comfortable space to cook, entertain and relax complete with a wet bar and cozy gas fireplace. The gourmet kitchen features granite countertops, double ovens and beautiful alder cabinets with built-in desk and appliance garage.The split plan offers a spacious owner's suite with gas fireplace, glass block shower and jetted tub. The 3 secondary BR's offer on en-suite BR and a jack and jill BR's. Stepping outside to the backyard, you truly get the sense of a private resort. Enjoy the beautiful sunsets from the raised bar and BBQ, or take a cool dip in the pebble tec pool as you enjoy the soothing sound of the waterfall. This spacious back yard not only has a gas fireplace poolside, but also has a glass ice fire pit perfect for that glass of wine plus an outdoor shower and putting green. Fabulous for entertaining. There is also an extended 3 car garage w/an epoxy floor. Brand new carpeting in the carpeted areas was just installed. There are ceiling fans t/o the home, 12' ceilings and loads of storage.

Last Agent to Sell the Property

Mark Ramundo

Mark Ramundo License #BR006383000 Listed on: 02/11/2014

Co-Listed By

Meg Davis

Russ Lyon Sotheby's International Realty License #SA020937000

Last Buyer's Agent

Mark Lord

Henstra Hounds Realty License #BR506654000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,905

Year Built

  • Built in 2000

Lot Details

  • 0.75 Acre Lot
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard

Parking

  • 3 Car Garage
  • Circular Driveway

Home Design

  • Santa Fe Architecture
  • Wood Frame Construction
  • Foam Roof
  • Stucco

Interior Spaces

  • 3,816 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Central Vacuum
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Low Emissivity Windows
  • Family Room with Fireplace
  • 3 Fireplaces

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Home Security

  • Intercom
  • Fire Sprinkler System

Accessible Home Design

  • No Interior Steps

Pool

  • Heated Pool
  • Spa

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Fireplace
  • Fire Pit

Schools

  • Desert Sun Academy 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

Community Details

  • Property has a Home Owners Association
  • Tri City Prop Mgmt Association, Phone Number (480) 844-2224
  • Built by Tarantini
  • Monterra Subdivision, Custom Floorplan

Listing and Financial Details

  • Tax Lot 115
  • Assessor Parcel Number 212-23-116

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,905

Year Built

Built in 2000

Lot Details

0

Parking

3

Listing Details

  • Cross Street: Jomax and Scottsdale Rd.
  • Property Type: Residential
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 28.66
  • Basement: N
  • Items Updated Floor Yr Updated: 2014
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2000
  • Spa Private: Yes
  • Tax Year: 2013
  • Directions: North on Scottsdale Rd to Jomax, right (east) to 74th Street, left (north) to Monterra Way, right (east) to property on the left.
  • Master Model: Custom
  • Property Sub Type: Single Family - Detached
  • Lot Size Acres: 0.75
  • Co List Office Mls Id: lyon25
  • Co List Office Phone: 480-585-7070
  • Subdivision Name: Monterra
  • Architectural Style: Territorial/Santa Fe
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Appraiser
  • Association Fees:HOA Fee2: 172.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Windows:Low-E: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Spa Features: Private
  • Possible Bedrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: 3+ Fireplace, Exterior Fireplace, Fire Pit, Family Room, Master Bedroom, Gas
  • Fireplace: Yes
  • Interior Amenities: Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Central Vacuum, Fire Sprinklers, Intercom, No Interior Steps, Wet Bar, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets, High Speed Internet, Granite Counters
  • Living Area: 3816.0
  • Stories: 1
  • Window Features: Skylight(s), Double Pane Windows, Low Emissivity Windows
  • ResoLivingAreaSource: Appraiser
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Kitchen Features Pantry: Yes
  • Fireplace:Fireplace Family Rm: Yes
  • Fireplace:Exterior Fireplace: Yes
  • Other Rooms:Family Room: Yes
  • Fireplace:Gas Fireplace: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Fireplace:Firepit: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Fireplace:_three_ Fireplace: Yes
  • Fireplace:Fireplace Master Bdr: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Circular Drive, Covered Patio(s), Patio, Private Yard
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Heated, Private
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Circular Drive: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Garage Spaces: 3.0

Utilities

  • Cooling: Refrigeration, Programmable Thmstat, Ceiling Fan(s)
  • Heating: Natural Gas
  • Laundry Features: Inside, Wshr/Dry HookUp Only
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Amenities: Management
  • Association Fee Frequency: Semi-Annually
  • Association Name: Jomax Monterra
  • Phone: 480-844-2224
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 120.0
  • Association Fees:HOA Paid Frequency: Semi-Annually
  • Association Fees:HOA Name4: Jomax Monterra
  • Association Fees:HOA Telephone4: 480-844-2224
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Tri City Prop Mgmt
  • Association Fees:HOA Management Phone: 480-844-2224
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: %

Schools

  • Elementary School: Desert Sun Academy
  • High School: Cactus Shadows High School
  • Middle Or Junior School: Sonoran Trails Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 32876.0
  • Parcel #: 212-23-116
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Tarantini

Tax Info

  • Tax Annual Amount: 2905.0
  • Tax Book Number: 212.00
  • Tax Lot: 115
  • Tax Map Number: 23.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2015
Sold by
Jones Kimberly S and Jones Michael Elmo
Bought by
M & K Jones Revocable Trust
Current Estimated Value
$1,670,163

Purchase Details

Listed on
Feb 11, 2014
Closed on
Mar 27, 2014
Sold by
Jones Michael E and Jones Kimberly S
Bought by
Jones Kimberly S
Seller's Agent
Mark Ramundo
Mark Ramundo
Buyer's Agent
Mark Lord
Henstra Hounds Realty
List Price
$824,900
Sold Price
$795,000
Premium/Discount to List
-$29,900
-3.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.44%
Original Mortgage
$125,000
Outstanding Balance
$96,704
Interest Rate
4.35%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,523,191

Purchase Details

Closed on
Feb 20, 2014
Sold by
Mahan W Mark and Mahan Darlene
Bought by
Jones Kimberly S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Outstanding Balance
$321,699
Interest Rate
4.35%
Mortgage Type
New Conventional
Estimated Equity
$1,298,196

Purchase Details

Closed on
Mar 7, 2011
Sold by
Mahan W Mark and Mahan Darlene
Bought by
The Mahan Family Trust

Purchase Details

Closed on
Dec 26, 2001
Sold by
Eliasen Michael S and Eliasen Connie K
Bought by
Mahan W Mark and Mahan Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2000
Sold by
Tarantini Luigi and Tarantini Antoinette
Bought by
Tarantini Construction Company Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
8.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2000
Sold by
Tarantini Development Company Inc
Bought by
Eliasen Michael S and Eliasen Connie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
8.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 1999
Sold by
Tarantini Construction Company Inc
Bought by
Tarantini Development Company Inc
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
M & K Jones Revocable Trust -- None Available
Jones Kimberly S -- Lawyers Title Of Arizona Inc
Jones Kimberly S $795,000 Lawyers Title Of Arizona Inc
The Mahan Family Trust -- None Available
Mahan W Mark $580,000 First American Title Ins Co
Tarantini Construction Company Inc -- Lawyers Title Of Arizona Inc
Eliasen Michael S $535,000 Lawyers Title Of Arizona Inc
Tarantini Development Company Inc -- Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Kimberly S $125,000
Open Jones Kimberly S $417,000
Previous Owner Jones Kimberly S $417,000
Previous Owner Mahan W Mark $292,000
Previous Owner Mahan W Mark $275,000
Previous Owner Mahan W Mark $327,100
Previous Owner Mcwilliams Rema M $20,000
Previous Owner Mahan W Mark $330,000
Previous Owner Eliasen Michael S $425,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2014 04/30/14 Sold $795,000 -3.6% $208 / Sq Ft
02/14/2014 02/14/14 Pending -- -- --
02/11/2014 02/11/14 For Sale $824,900 -- $216 / 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 $3,867 $82,818 -- --
2024 $3,734 $78,874 -- --
2023 $3,734 $97,470 $19,490 $77,980
2022 $3,585 $82,620 $16,520 $66,100
2021 $3,982 $75,420 $15,080 $60,340
2020 $3,918 $69,320 $13,860 $55,460
2019 $3,794 $65,750 $13,150 $52,600
2018 $3,681 $63,050 $12,610 $50,440
2017 $3,531 $62,310 $12,460 $49,850
2016 $3,510 $61,170 $12,230 $48,940
2015 $3,337 $59,250 $11,850 $47,400
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Mark Ramundo

    Mark Ramundo

    Section Image

  • M

    Seller Co-Listing Agent in 2014

    Meg Davis

    Russ Lyon Sotheby's International Realty

    Section Image
  • Mark Lord

    Buyer's Agent in 2014

    Mark Lord

    Henstra Hounds Realty

    (602) 430-8121

    9 Total Sales

    Mark Lord
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5068136

Arizona Regional Multiple Listing Service (ARMLS)

APN: 212-23-116

Arizona Maricopa County Scottsdale 85266 Desert Foothills

7448 E Monterra Way, Scottsdale, AZ

This home is located at 7448 E Monterra Way, Scottsdale, AZ 85266 since 11 February 2014 and is currently estimated at $1,670,163, approximately $437 per square foot. This property was built in 2000. 7448 E Monterra Way is a home located in Maricopa County with nearby schools including Desert Sun Academy, Sonoran Trails Middle School, and Cactus Shadows High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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