NOT LISTED FOR SALE

7501 E Palo Verde Dr Unit 3 Scottsdale, AZ 85250

Indian Bend Neighborhood

Estimated Value: $2,584,972 - $2,952,000

3 Beds
3 Baths
3,300 Sq Ft
$830/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $2,249,000 $682 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $15,473/month

Highlights

  • Gated Community
  • 0.38 Acre Lot
  • Private Yard
  • Kiva Elementary School Rated A
  • Contemporary Architecture
  • Community Pool

About This Home

As of April 2021

Nestled among well-established neighborhoods just north of downtown Scottsdale, Palo Verde Lane is like no other community in the greater Phoenix area. While the architecture is desert modern, the homes manifest the enduring characteristics of the materials used to create them: the warmth of wood, the permanence of masonry, and the openness of glass. Though only a stroll from upscale restaurants and shops, Palo Verde Lane honors its desert heritage. From its very inception, the community has been designed to harmonize with the environment and cultivate neighborliness among its residents.

Last Agent to Sell the Property

Christopher Karas

Compass License #SA555869000 Listed on: 03/02/2021

Last Buyer's Agent

Barbara Davis

Russ Lyon Sotheby's International Realty License #SA524905000

Russ Lyon Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,535

Year Built

  • Built in 2021 | Under Construction

Lot Details

  • 0.38 Acre Lot
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Partially Fenced Property
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard

HOA Fees

  • $400 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Side or Rear Entrance to Parking
  • Garage Door Opener
  • Shared Driveway

Home Design

  • Home to be built
  • Designed by ROEDER Architect
  • Contemporary Architecture
  • Wood Frame Construction
  • Foam Roof
  • Block Exterior
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • 3,300 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Gas Fireplace
  • Double Pane Windows
  • ENERGY STAR Qualified Windows with Low Emissivity
  • Concrete Flooring

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Schools

  • Kiva Elementary School
  • Mohave Middle School
  • Saguaro High School

Utilities

  • Zoned Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Covered Patio or Porch

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 173-04-051

Community Details

Overview

  • Association fees include ground maintenance, (see remarks), street maintenance, front yard maint
  • Palo Verde Lane HOA
  • Built by Palo Verde Lane LLC
  • Palo Verde Lane Subdivision

Recreation

  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,535

Year Built

Built in 2021 | Under Construction

Lot Details

0

HOA Fees

$400 per month

Parking

2

Listing Details

  • Cross Street: Scottsdale Road & Palo Verde Drive
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Architect Architect: ROEDER Architect
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 400.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2021
  • Tax Year: 2020
  • Directions: East on Palo Verde Drive to development on the right.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.38
  • Subdivision Name: PALO VERDE LANE
  • Architectural Style: Contemporary
  • New Construction: No
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 400.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Technology:Cable TV Avail: Yes
  • Windows:Low-E: Yes
  • Cooling:Central Air: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: NewHome

Interior Features

  • Flooring: Concrete
  • Basement YN: No
  • Spa Features: None
  • Appliances: Gas Cooktop
  • Possible Bedrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Double Vanity, Breakfast Bar, 9+ Flat Ceilings, No Interior Steps, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 3300.0
  • Stories: 1
  • Window Features: Low-Emissivity Windows, Dual Pane, ENERGY STAR Qualified Windows
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes

Exterior Features

  • Fencing: See Remarks, Other, Partial, Wrought Iron
  • Exterior Features: Private Yard
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: None
  • Disclosures: Agency Discl Req, Other (See Remarks), Seller Discl Avail, Spr Fnd/WQARF/DOD
  • Construction Type: Stucco, Other, Wood Frame, Painted, Stone, Block
  • Patio And Porch Features: Covered Patio(s)
  • Property Condition: To Be Built, Under Construction
  • Roof: Foam
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Construction Status:Under Construction: Yes
  • Construction Status:To Be Built: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener, Direct Access, Side Vehicle Entry, Shared Driveway
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Side Vehicle Entry: Yes
  • Parking Features:Shared Driveway: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Cooling: Central Air, Programmable Thmstat
  • Heating: Electric
  • Security: Fire Sprinkler System
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Pvt Water Company
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Gated, Community Pool
  • Association Fee: 400.0
  • Association Fee Frequency: Monthly
  • Association Name: Palo Verde Lane HOA
  • Phone: TBD
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Palo Verde Lane HOA
  • Association Fees:HOA Telephone4: TBD
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Other (See Remarks)5: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Other (See Remarks), Street Maint, Front Yard Maint

Schools

  • Elementary School: Kiva Elementary School
  • High School: Saguaro High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Mohave Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 16534.0
  • Parcel #: 173-04-051

Building Info

  • Builder Name: Palo Verde Lane LLC

Tax Info

  • Tax Annual Amount: 2535.0
  • Tax Book Number: 173.00
  • Tax Lot: 3
  • Tax Map Number: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2024
Sold by
Black Revocable Living Trust
Bought by
Black Revocable Living Trust and Black
Current Estimated Value
$2,738,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,512,900
Outstanding Balance
$1,486,163
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$1,252,494

Purchase Details

Closed on
Sep 18, 2023
Sold by
Black Timothy Eaton and Black Marilyn Ann
Bought by
Black Revocable Living Trust and Black

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2023
Sold by
Black Revocable Living Trust
Bought by
Black Timothy Eaton and Black Marilyn Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 2, 2021
Closed on
May 18, 2021
Sold by
Black Timothy E and Black Marilyn A
Bought by
Black Revocable Living Trust and Black
Seller's Agent
Christopher Karas
Compass
Buyer's Agent
Barbara Davis
Russ Lyon Sotheby's International Realty
List Price
$2,249,000
Sold Price
$2,249,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.53%
Original Mortgage
$1,473,000
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 2, 2021
Closed on
Apr 15, 2021
Sold by
Palo Verde Lane Llc
Bought by
Black Timothy E and Black Marilyn A
Seller's Agent
Christopher Karas
Compass
Buyer's Agent
Barbara Davis
Russ Lyon Sotheby's International Realty
List Price
$2,249,000
Sold Price
$2,249,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,473,000
Interest Rate
4.75%
Mortgage Type
New Conventional
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
Black Revocable Living Trust -- Boston National Title
Black Revocable Living Trust -- --
Black Timothy Eaton -- Stewart Title & Trust Of Phoen
Black Revocable Living Trust -- Accommodation
Black Timothy E $800,000 Clear Title Agency Of Az
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Black Revocable Living Trust $1,512,900
Previous Owner Black Timothy Eaton $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2021 04/16/21 Sold $2,249,000 0.0% $682 / Sq Ft
03/02/2021 03/02/21 Pending -- -- --
03/02/2021 03/02/21 For Sale $2,249,000 -- $682 / 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 $7,314 $106,565 -- --
2024 $5,014 $101,490 -- --
2023 $5,014 $118,430 $23,680 $94,750
2022 $2,412 $55,920 $55,920 $0
2021 $2,557 $51,810 $51,810 $0
2020 $2,535 $45,075 $45,075 $0
2019 $2,450 $45,930 $45,930 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Christopher Karas

    Compass

  • Barbara Davis

    Buyer's Agent in 2021

    Barbara Davis

    Russ Lyon Sotheby's International Realty

    (602) 418-2019

    3 in this area

    11 Total Sales

    Barbara Davis
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6201485

Arizona Regional Multiple Listing Service (ARMLS)

APN: 173-04-051

Arizona Maricopa County Scottsdale 85250 Indian Bend

7501 E Palo Verde Dr Unit 3, Scottsdale, AZ

This home is located at 7501 E Palo Verde Dr Unit 3, Scottsdale, AZ 85250 since 02 March 2021 and is currently estimated at $2,738,657, approximately $829 per square foot. This property was built in 2021. 7501 E Palo Verde Dr Unit 3 is a home located in Maricopa County with nearby schools including Kiva Elementary School, Mohave Middle School, and Saguaro 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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