NOT LISTED FOR SALE

7462 S Mccormick Way Unit 5 Queen Creek, AZ 85142

South Chandler Neighborhood

Estimated Value: $2,246,065 - $2,347,000

0.74 Acre
$3,112,642 Price per Acre
32,234 Sq Ft Lot

Last Sold February 15, 2012

Last sale price $65,000 $2 Per Sq Ft

Est. 3,444% increase in value since last sale

Current estimated payment $12,695/month

247 Days on Market

About This Lot

As of February 2012

FANTASTIC OPPORTUNITY TO BUILD YOUR DREAM HOME IN PREMIER SANTAN LAKESIDE CUSTOM ESTATES, PRIVATE GATED SKI LAKE COMMUNITY, BEAUTIFUL MOUNTAIN VIEWS, FIGS& MEAS APPROX.

Last Agent to Sell the Property

Allyn Barnum

eXp Realty License #SA027791000 Listed on: 06/01/2011

eXp Realty

Last Buyer's Agent

Michael Aston

Beacon Rock Realty LLC License #BR631124000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,797

Lot Details

  • 0.74

Schools

  • Patterson Elementary School - Gilbert
  • Willie & Coy Payne Jr. High Middle School
  • Basha High School

Additional Features

  • 32,061 Sq Ft Home
  • 0.74 Acre Lot

Community Details

  • $2,195 per year Dock Fee

Property Details

Property Type

Land

Est. Annual Taxes

$5,797

Lot Details

0

Listing Details

  • Tax Municipality: Queen Creek
  • Cross Street: HIGLEY & RIGGS
  • Legal Info Lot Number: 5
  • Legal Info Range: 6E
  • Legal Info Section: 35
  • Legal Info Township: 2S
  • Property Type: C
  • Estimated G N Sq Ft: G
  • Estimated Total Acres: 0.74
  • Estimated Total Acres G N: G
  • Assessor Parcel Number: 240.00
  • Displayon Public Websites: Y
  • Existing Land Use: Residential Lot
  • Legal Description Abbrev: EAST VILLAGE OF SANTAN LAKESIDE ESTATES 2 TR L
  • Parcel Size: .50 - .99 Acres
  • Potential Use: Single Family
  • Price Per Acre: 94459.45
  • Price Per Sq Ft: 2.18
  • Type: Er
  • Zoned Presently: Single Family
  • Zoning: RES
  • Map Code Grid: V41
  • Tax Year: 2010
  • Directions: EAST ON RIGGS, SOUTH INTO SANTAN LAKESIDE ENTRY, THRU GATE TO PROPERTY
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Estimated Sq Ft: 32061.00

Exterior Features

  • Lot Number: 5

Utilities

  • Water: City Franchise
  • Electric: Srp

Schools

  • Elementary School: Patterson Elementary School - Gilbert
  • Middle School: Willie & Coy Payne Jr. High
  • High School: Basha High School
  • Elementary School: Patterson Elementary School - Gilbert
  • High School: Basha High School
  • Jr High School: Willie & Coy Payne Jr. High

Lot Info

  • Lot Size: IRREG

Tax Info

  • Taxes: 2195.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2025
Sold by
Welton Family Trust and Welton Michael J
Bought by
Infiniti Cubed Llc
Current Estimated Value
$2,303,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,840,000
Outstanding Balance
$1,827,223
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$476,132

Purchase Details

Closed on
Apr 29, 2022
Sold by
Welton Michael J and Welton Shannon R
Bought by
Welton Family Trust

Purchase Details

Closed on
Sep 15, 2020
Sold by
Firestone Llc
Bought by
Welton Michael J and Welton Shannon R

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
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2013
Sold by
Orange Development Group Llc
Bought by
Firestone Llc

Purchase Details

Listed on
Jun 1, 2011
Closed on
Feb 10, 2012
Sold by
Barnum Bernard Boyer and Barnum Marjorie Jane
Bought by
Orange Development Group Llc
Seller's Agent
Allyn Barnum
eXp Realty
Buyer's Agent
Michael Aston
Beacon Rock Realty LLC
List Price
$75,000
Sold Price
$65,000
Premium/Discount to List
-$10,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.82%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Infiniti Cubed Llc $2,300,000 Empire Title Agency
Welton Family Trust -- --
Welton Michael J $1,375,000 Wfg National Title Ins Co
Firestone Llc -- None Available
Orange Development Group Llc $65,000 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Infiniti Cubed Llc $1,840,000
Previous Owner Welton Michael J $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2012 02/15/12 Sold $65,000 -13.3% $2 / Sq Ft
02/03/2012 02/03/12 Pending -- -- --
06/01/2011 06/01/11 For Sale $75,000 -- $2 / 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 $5,797 $70,270 -- --
2024 $5,670 $66,924 -- --
2023 $5,670 $137,710 $27,540 $110,170
2022 $5,473 $104,070 $20,810 $83,260
2021 $5,641 $90,010 $18,000 $72,010
2020 $6,205 $85,680 $17,130 $68,550
2019 $5,984 $77,820 $15,560 $62,260
2018 $5,810 $20,580 $20,580 $0
2017 $919 $17,985 $17,985 $0
2016 $889 $16,890 $16,890 $0
2015 $907 $14,640 $14,640 $0
Source: Public Records

Agents Affiliated with this Home

  • Allyn Barnum

    Seller's Agent in 2012

    Allyn Barnum

    eXp Realty

    (602) 369-6000

    6 in this area

    51 Total Sales

    Allyn Barnum
    Section Image
  • Michael Aston

    Buyer's Agent in 2012

    Michael Aston

    Beacon Rock Realty LLC

    (360) 518-0879

    4 Total Sales

    Michael Aston
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4594380

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-87-240

Arizona Maricopa County Queen Creek 85142 South Chandler

7462 S Mccormick Way Unit 5, Queen Creek, AZ

This home is located at 7462 S Mccormick Way Unit 5, Queen Creek, AZ 85142 since 01 June 2011 and is currently estimated at $2,303,355, approximately $71 per square foot. 7462 S Mccormick Way Unit 5 is a home located in Maricopa County with nearby schools including Riggs Elementary School, Willie & Coy Payne Jr. High School, and Ambassador Christian Academy.

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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