NOT LISTED FOR SALE

7500 E Highland Rd Cave Creek, AZ 85331

Estimated Value: $2,178,000 - $2,206,384

22.55 Acres
$97,005 Price per Acre
982,278 Sq Ft Lot

Sale Details

Date Sold: April 25, 2022

Last sale price $1,287,500

Est. 70% increase in value since last sale

Current estimated payment $12,127 / mo

1289 Days on Market

Highlights

  • Horses Allowed On Property
  • 22.55 Acre Lot
  • Corner Lot
  • Black Mountain Elementary School Rated A-
  • Mountain View
  • No HOA

About This Lot

As of April 2022

Enjoy owning part of the Sonoran Desert that offers 360 degree panoramic views, flat building envelope for your dream home or ranchette, plus plenty of room for extra buildings. Just 2.5 miles from the quaint town of Cave Creek with shops, western bars, and restaurants. Easy to split with R-190 zoning (1 home per 4.3 acres). Build on the best lot, and either sell the others to offset the cost of the the home or hold as an investment. The parcel offers character with Mexican Hat Mountain as the backdrop to the north and a wash on the south boundary. Magnificent saguaros and mature desert vegetation make this parcel a true gem. This could be the perfect location to build a family compound or equestrian estate.

Last Agent to Sell the Property

Kathy Reisdorf

Russ Lyon Sotheby's International Realty License #SA574840000 Listed on: 08/07/2018

Russ Lyon Sotheby's International Realty

Co-Listed By

Cindy Metz

Russ Lyon Sotheby's International Realty License #SA579643000

Last Buyer's Agent

Josh Peters

Realty ONE Group License #SA640957000

Realty ONE Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,373

Lot Details

  • 22.55 Acre Lot
  • Corner Lot
  • Property is zoned D5A

Schools

  • Black Mountain Elementary School
  • Sonoran Trails Middle School
  • Cactus Shadows High School

Additional Features

  • Mountain Views
  • North or South Exposure
  • Horses Allowed On Property

Community Details

  • No Home Owners Association
  • Metes And Bounds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 216-20-001-E

Property Details

Property Type

Land

Est. Annual Taxes

$3,373

Lot Details

22.55 Acres

Listing Details

  • Cross Street: Cave Creek and Schoolhouse Rd.
  • Legal Info Range: 4E
  • Property Type: Land
  • Development Status: Raw Land
  • Topography: {"Level":true,"Gentle Sloping":true,"Hillside":true}
  • Zoning: D5A
  • Tax Year: 2017
  • Horses: Yes
  • Lot Size Acres: 22.55
  • Road Surface Type: Gravel, Dirt
  • Co List Office Mls Id: lyon25
  • Co List Office Phone: 480-585-7070
  • Subdivision Name: Metes and Bounds
  • Tax Parcel Letter: E
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Fencing: None
  • Lot Features: Corner Lot, Mountain View(s), North/South Exp, Adjacent to Wash
  • Disclosures: Seller Prop Disc Stm
  • Other Structures: None

Utilities

  • Electric: Other (See Rmks)
  • Water Source: Check Availability

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Black Mountain Elementary School
  • High School: Cactus Shadows High School
  • Junior High Dist: Cave Creek Unified District
  • Middle Or Junior School: Sonoran Trails Middle School

Lot Info

  • Lot Size: 1324.90X743.31
  • Lot Size Sq Ft: 982278.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 216-20-001-E
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3373.0
  • Tax Book Number: 216.00
  • Tax Lot: -
  • Tax Map Number: 20.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2018
Closed on
Apr 21, 2022
Sold by
Bought by
Seller's Agent
Kathy Reisdorf
Russ Lyon Sotheby's International Realty
Buyer's Agent
Josh Peters
Realty ONE Group
List Price
$1,600,000
Sold Price
$1,287,500
Premium/Discount to List
-$312,500
-19.53%
Current Estimated Value
$2,187,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$899,961
Avg. Annual Appreciation
13.42%

Purchase Details

Closed on
Feb 19, 2004
Sold by
Bought by

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
0.0562%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2003
Sold by
Bought by

Purchase Details

Closed on
May 8, 2003
Sold by
Bought by

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
0.0577%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2002
Sold by
Bought by

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
0.0687%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 20, 2001
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,287,500 Premier Title
$300,000 North American Title Co
$245,000 North American Title Co
$245,000 North American Title Co
$465,000 First American Title Ins Co
$663,100 North American Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $96,700
Closed $228,000
Closed $162,000
Closed $464,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/25/2022 04/25/22 Sold $1,287,500 -14.2% --
04/18/2022 04/18/22 Price Changed $1,500,000 0.0% --
02/15/2022 02/15/22 Pending -- -- --
01/07/2021 01/07/21 Price Changed $1,500,000 -4.8% --
12/04/2020 12/04/20 Price Changed $1,575,000 -1.6% --
08/06/2018 08/06/18 For Sale $1,600,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,742 $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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5803602

Arizona Regional Multiple Listing Service (ARMLS)

APN: 216-20-001E

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