NOT LISTED FOR SALE

7500 E Highland Rd Unit MB Cave Creek, AZ 85331

Estimated Value: $805,000 - $1,424,000

40 Acres
$29,474 Price per Acre
1,742,400 Sq Ft Lot

Last Sold November 30, 2015

Last sale price $2,000,000

Est. 41% decrease in value since last sale

Current estimated payment $6,897/month

28 Days on Market

Highlights

  • 40 Acre Lot
  • Mountain View
  • No HOA
  • Black Mountain Elementary School Rated A-

About This Lot

As of November 2015

Pristine acreage in Cave Creek! 40 acres lush with saguaro and natural desert plants nestled at the base of a dramatic mountain range. This could be the ideal equestrian estate or executive retreat with 360 degree panoramic views. Buyer to verify all utilities and call lister or co-lister for maps and additional information. Buyer to verify all utilities.

Last Agent to Sell the Property

Kathy Reisdorf

Russ Lyon Sotheby's International Realty License #SA574840000 Listed on: 11/03/2015

Russ Lyon Sotheby's International Realty

Co-Listed By

Tracey Gray

Russ Lyon Sotheby's International Realty License #SA516756000

Last Buyer's Agent

Debbie Omundson

Russ Lyon Sotheby's International Realty License #BR043321000

Russ Lyon Sotheby's International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,878

Lot Details

  • 40 Acre Lot
  • Additional Parcels
  • Property is zoned D5A

Property Views

  • Mountain Views

Schools

  • Black Mountain Elementary School
  • Cactus Shadows High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot MB
  • Assessor Parcel Number 216-20-001-E

Property Details

Property Type

Land

Est. Annual Taxes

$5,878

Lot Details

0

Listing Details

  • Cross Street: Cave Creek and Schoolhouse Rd.
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: Raw Land
  • Zoning: D5A
  • Tax Year: 2015
  • Directions: Cave Creek and Schoolhouse Rd. North on Schoolhouse to Highland. Right or East on Highland (1) mile to end of pavement. Call for maps and additional information.
  • Lot Size Acres: 40.0
  • Co List Office Mls Id: lyon25
  • Co List Office Phone: 480-585-7070
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Lot Features: Mountain View(s), Adjacent to Wash
  • Disclosures: Other (See Rmks)

Utilities

  • Electric: Other (See Rmks)

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Black Mountain Elementary School
  • High School: Cactus Shadows High School

Lot Info

  • Lot Size: MB
  • Lot Size Sq Ft: 1742400.0
  • Additional Parcels: Yes
  • Parcel #: 216-20-001-E
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5878.0
  • Tax Book Number: 216.00
  • Tax Lot: MB
  • Tax Map Number: 20.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2004
Sold by
Demott John and Demott Cindy
Bought by
Harden Mark and Harden Evonne
Total Days on Market
28
Current Estimated Value
$1,178,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2003
Sold by
Demott John and Demott Cindy
Bought by
Schuster Walter D and Schuster Marina

Purchase Details

Closed on
May 8, 2003
Sold by
Demott John and Demott Cindy
Bought by
Pearman David A and Pearman Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
5.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2002
Sold by
Wernimont Floyd J
Bought by
Demott John and Demott Cindy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
6.87%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 20, 2001
Sold by
Thaler Alan Maurice and Thaler Roslyn
Bought by
Wernimont Floyd J
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
Harden Mark $300,000 North American Title Co
Schuster Walter D $245,000 North American Title Co
Pearman David A $245,000 North American Title Co
Demott John $465,000 First American Title Ins Co
Wernimont Floyd J $663,100 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stone Daniel A $96,700
Closed Harden Mark $228,000
Previous Owner Pearman David A $162,000
Previous Owner Demott John $464,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2015 11/30/15 Sold $2,000,000 -4.8% --
11/02/2015 11/02/15 Pending -- -- --
10/05/2015 10/05/15 For Sale $2,100,000 -- --
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 $3,725 $80,634 $80,634 --
2024 $3,530 $76,794 $76,794 --
2023 $3,530 $81,510 $81,510 $0
2022 $3,460 $86,505 $86,505 $0
2021 $3,774 $80,775 $80,775 $0
2020 $3,712 $87,540 $87,540 $0
2019 $3,607 $80,250 $80,250 $0
2018 $3,485 $75,930 $75,930 $0
2017 $3,373 $81,630 $81,630 $0
2016 $3,361 $77,460 $77,460 $0
2015 $3,372 $72,256 $72,256 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2015

    Kathy Reisdorf

    Russ Lyon Sotheby's International Realty

    (480) 797-4977

    3 in this area

    90 Total Sales

    Kathy Reisdorf
    Section Image
  • Tracey Gray

    Seller Co-Listing Agent in 2015

    Tracey Gray

    Russ Lyon Sotheby's International Realty

    (602) 980-2243

    47 Total Sales

    Tracey Gray
    Section Image
  • Debbie Omundson

    Buyer's Agent in 2015

    Debbie Omundson

    Russ Lyon Sotheby's International Realty

    (480) 375-1522

    49 in this area

    120 Total Sales

    Debbie Omundson
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5357242

Arizona Regional Multiple Listing Service (ARMLS)

APN: 216-20-001E

Arizona Maricopa County Cave Creek 85331

7500 E Highland Rd Unit MB, Cave Creek, AZ

This home is located at 7500 E Highland Rd Unit MB, Cave Creek, AZ 85331 since 03 November 2015 and is currently estimated at $1,178,967. 7500 E Highland Rd Unit MB is a home located in Maricopa County with nearby schools including Black Mountain Elementary School, Cactus Shadows High School, and Sonoran Trails Middle 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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