NOT LISTED FOR SALE

7507 E Monterra Way Scottsdale, AZ 85266

Desert Foothills Neighborhood

Estimated Value: $1,570,000 - $1,820,000

5 Beds
3.5 Baths
4,043 Sq Ft
$425/Sq Ft Est. Value

Last Sold December 13, 2021

Last sale price $1,550,000 $383 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $9,424/month

7 Days on Market

Highlights

  • Heated Spa
  • RV Gated
  • Mountain View
  • Sonoran Trails Middle School Rated A-
  • Two Primary Bathrooms
  • Fireplace in Primary Bedroom

About This Home

As of December 2021

Beautiful Monterra custom home with stunning desert and mountain views of Pinnacle Peak. The 2/3 acre lot is surrounded by natural area open space with resort style living perfect for entertaining. Enjoy the morning sunrise with lush desert landscape. Many exterior upgrades with a kiva fireplace, fire pit, built-in grill, outdoor speakers, and new pool equipment that includes Aqualink Wifi Controls. True 5 bedroom 3.5 bath split floor plan flows perfectly with large picturesque windows allowing tons of natural light. One bedroom was converted to an office with custom cabinets and hardwood floors. The home has ceilings to 12 feet, including 8 foot alder wood doors throughout and many built in features. The large kitchen boasts massive amounts of storage and newer appliances with a Wolf gas cooktop. The family room is upgraded with surround sound and Bluetooth audio video system all conveying. Enhanced Wifi access points allow strong signal throughout the home. The oversized 3 car garage is upgraded with massive amounts of cabinets for storage, workbench, and car lift for 4th car or additional storage. Both AC units were replaced in 2021 with two 5 ton Trane brand units including Nest controlled thermostats. New home security system with 9 outdoor video cameras. Enjoy lower property taxes in Cave Creek School district. Located 5 miles from highway 101 and 8 miles to downtown Cave Creek. This is a rare opportunity!

Last Agent to Sell the Property

Oscar Selles

Highland Real Estate License #SA678363000 Listed on: 11/15/2021

Last Buyer's Agent

Kathryn Edgeton

RE/MAX Fine Properties License #SA503104000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,058

Year Built

  • Built in 2000

Lot Details

  • 0.73 Acre Lot
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Grass Covered Lot

HOA Fees

  • $51 Monthly HOA Fees

Parking

  • 3 Car Garage
  • 4 Open Parking Spaces
  • Heated Garage
  • Garage Door Opener
  • RV Gated

Home Design

  • Spanish Architecture
  • Wood Frame Construction
  • Cellulose Insulation
  • Tile Roof
  • Reflective Roof
  • Foam Roof
  • Stucco

Interior Spaces

  • 4,043 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Solar Screens
  • Family Room with Fireplace
  • 2 Fireplaces
  • Mountain Views
  • Security System Owned
  • Washer and Dryer Hookup

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Two Primary Bathrooms
  • Primary Bathroom is a Full Bathroom
  • 3.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Easy To Use Faucet Levers
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall
  • Solar Tube

Accessible Home Design

  • Accessible Hallway
  • Remote Devices
  • No Interior Steps
  • Multiple Entries or Exits

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Pool

  • Pool Updated in 2021
  • Heated Spa
  • Play Pool
  • Pool Pump

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Fireplace
  • Fire Pit
  • Built-In Barbecue

Schools

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

Utilities

  • Cooling System Updated in 2021
  • Mini Split Air Conditioners
  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Community Details

  • Association fees include ground maintenance
  • Tri City Property Mg Association, Phone Number (480) 844-2224
  • Built by K & L Custom Homes
  • Monterra Subdivision

Listing and Financial Details

  • Tax Lot 128
  • Assessor Parcel Number 212-23-129

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,058

Year Built

Built in 2000

Lot Details

0

HOA Fees

$51 per month

Parking

3

Listing Details

  • Cross Street: SCOTTSDALE RD & JOMAX
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 50.67
  • Basement: N
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2021
  • Updated Pool: Partial
  • Items Updated Pool Yr Updated: 2021
  • Updated Roof: Partial
  • Items Updated Roof Yr Updated: 2010
  • Parking Spaces Slab Parking Spaces: 4.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2000
  • Spa Private: Yes
  • Tax Year: 2021
  • Directions: East on Jomax. Left on 74th St, Right on Monterra way to house on right.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.73
  • Subdivision Name: MONTERRA
  • Architectural Style: Spanish
  • Efficiency: Solar Tubes, Multi-Zones
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 304.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling ENERGY STAR Qualified Equipment: Yes
  • Cooling:Central Air: Yes
  • Windows:Solar Screens: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Fireplace Features Fireplace Master Bdr: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Stone, Wood
  • Basement YN: No
  • Spa Features: Heated, Private
  • Appliances: Gas Cooktop
  • Accessibility Features: Remote Devices, Mltpl Entries/Exits, Bath Lever Faucets, Accessible Hallway(s)
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: Fire Pit, 2 Fireplace, Exterior Fireplace, Family Room, Master Bedroom, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Central Vacuum, No Interior Steps, Kitchen Island, Pantry, 2 Master Baths, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
  • Living Area: 4043.0
  • Stories: 1
  • Window Features: Skylight(s), Solar Screens, Dual Pane
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Fireplace Features:Fire Pit: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Grass Back
  • Pool Features: Play Pool, Variable Speed Pump, Heated, Private
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Blown Cellulose, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Reflective Coating, Tile, Foam, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes
  • Construction:Blown Cellulose: Yes
  • Fireplace Features Exterior Fireplace: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: RV Gate, Garage Door Opener, Temp Controlled
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 4.0
  • Parking Features:RV Gate: Yes
  • Parking Features:Temp Controlled: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Electric: 220 Volts in Kitchen
  • Cooling: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Mini Split, Programmable Thmstat
  • Heating: ENERGY STAR Qualified Equipment, Natural Gas
  • Laundry Features: Wshr/Dry HookUp Only
  • Security: Fire Sprinkler System, Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes
  • Heating:ENERGY STAR Qualified Equipment2: Yes

Condo/Co-op/Association

  • Association Fee: 304.0
  • 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 Property Mg
  • Association Fees:HOA Management Phone: 480-844-2224

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Desert Sun Academy
  • High School: Cactus Shadows High School
  • Junior High Dist: Cave Creek Unified District
  • Middle Or Junior School: Sonoran Trails Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 31870.0
  • Parcel #: 212-23-129

Building Info

  • Builder Name: K & L Custom Homes

Tax Info

  • Tax Annual Amount: 4058.0
  • Tax Book Number: 212.00
  • Tax Lot: 128
  • Tax Map Number: 23.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2021
Closed on
Dec 6, 2021
Sold by
Mehan Michael P and Mehan Sarah J
Bought by
Reichenbach Mark G and Reichenbach Andrea L
Seller's Agent
Oscar Selles
Highland Real Estate
Buyer's Agent
Kathryn Edgeton
RE/MAX Fine Properties
List Price
$1,450,000
Sold Price
$1,550,000
Premium/Discount to List
$100,000
6.9%
Current Estimated Value
$1,652,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,104
Avg. Annual Appreciation
1.53%

Purchase Details

Closed on
Aug 31, 2016
Sold by
Mehan Michael P and Mehan Sarah J
Bought by
Mehan Michael P and Mehan Sarah J

Purchase Details

Closed on
Sep 22, 2015
Sold by
Mehan Michael P and Mehan Sarah J
Bought by
Mehan Michael P and Mehan Sarah J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,500
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 24, 2009
Sold by
Mehan Michael P and Mehan Sarah J
Bought by
Mehan Michael P and Mehan Sarah J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2007
Sold by
Mehan Michael P and Mehan Sarah J
Bought by
Mehan Michael P and Mehan Sarah J

Purchase Details

Closed on
May 9, 2005
Sold by
Reed Omer K and Reed Marcia J
Bought by
Mehan Michael P and Mehan Sarah J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.72%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 25, 2003
Sold by
Reed Omer K and Reed Marcia J
Bought by
Reed Omer K and Reed Marcia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,323
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2001
Sold by
Reed Omer K and Reed Marcia J
Bought by
Reed Omer K and Reed Marcia J

Purchase Details

Closed on
Dec 26, 2000
Sold by
K & L Custom Homes Inc
Bought by
Reed Omer K and Reed Marcia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.5%

Purchase Details

Closed on
Jan 25, 2000
Sold by
Tarantini Construction Company Inc
Bought by
K & L Custom Homes Inc
Source: Public Records

Range of Values:

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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
Reichenbach Mark G $1,550,000 First Arizona Title Agcy Llc
Mehan Michael P -- None Available
Mehan Michael P -- None Available
Mehan Michael P -- Accommodation
Mehan Michael P -- Fidelity Natl Title Ins Co
Mehan Michael P -- None Available
Mehan Michael P $1,050,000 Stewart Title & Trust Of Pho
Reed Omer K -- Guaranty Title Agency
Reed Omer K -- Guaranty Title Agency
Reed Omer K -- --
Reed Omer K -- Security Title Agency
K & L Custom Homes Inc $120,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mehan Michael P $465,000
Previous Owner Mehan Michael P $469,000
Previous Owner Mehan Michael P $504,500
Previous Owner Mehan Michael P $550,000
Previous Owner Mehan Michael P $350,000
Previous Owner Reed Omer K $1,000,000
Previous Owner Mehan Michael P $542,500
Previous Owner Reed Omer K $175,323
Previous Owner Reed Omer K $400,000
Closed Mehan Michael P $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2021 12/13/21 Sold $1,550,000 +6.9% $383 / Sq Ft
11/17/2021 11/17/21 Pending -- -- --
11/10/2021 11/10/21 For Sale $1,450,000 -- $359 / 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 $3,941 $84,398 -- --
2024 $3,805 $80,379 -- --
2023 $3,805 $103,070 $20,610 $82,460
2022 $3,653 $84,710 $16,940 $67,770
2021 $4,058 $77,450 $15,490 $61,960
2020 $3,993 $71,110 $14,220 $56,890
2019 $3,866 $67,460 $13,490 $53,970
2018 $3,751 $64,870 $12,970 $51,900
2017 $3,598 $64,230 $12,840 $51,390
2016 $3,577 $63,080 $12,610 $50,470
2015 $3,401 $61,300 $12,260 $49,040
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2021

    Oscar Selles

    Highland Real Estate

    (602) 919-9322

    1 in this area

    10 Total Sales

    Section Image

  • K

    Buyer's Agent in 2021

    Kathryn Edgeton

    RE/MAX

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6319482

Arizona Regional Multiple Listing Service (ARMLS)

APN: 212-23-129

Arizona Maricopa County Scottsdale 85266 Desert Foothills

7507 E Monterra Way, Scottsdale, AZ

This home is located at 7507 E Monterra Way, Scottsdale, AZ 85266 since 15 November 2021 and is currently estimated at $1,716,550, approximately $424 per square foot. This property was built in 2000. 7507 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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