NOT LISTED FOR SALE

7540 N Silvercrest Way Paradise Valley, AZ 85253

Estimated Value: $6,513,000 - $7,676,000

5 Beds
5.5 Baths
8,022 Sq Ft
$891/Sq Ft Est. Value

Last Sold June 15, 2020

Last sale price $4,800,000 $598 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $39,473/month

211 Days on Market

Highlights

  • Gated with Attendant
  • Private Pool
  • Mountain View
  • Kiva Elementary School Rated A
  • Two Primary Bathrooms
  • Contemporary Architecture

About This Home

As of June 2020

Majestic views and refined tranquility await from this exquisite hillside contemporary estate; a warm architectural retreat, with spectacular design elements incorporated from the native mountainside and showcased throughout the home. This rare setting provides the ultimate in privacy and panoramic views as it is perfectly perched outward without view of any other surrounding properties. Vast rooms of glass capture the dramatic mountain views from the Superstition Mountains to the East, to Scottsdale, Paradise Valley and Camelback Mountain, all the way down to the striking city lights of Downtown Phoenix. As you glide into the motor court you are greeted by the illuminating drive and sounds of trickling water features. The property feels and gives the illusion of a Hawaiian tropical estate The property feels and gives the illusion of a Hawaiian tropical estate in the heart of Paradise Valley.
Enter through the massive glass pivot door and you are greeted by the spectacular water wall and flagstone floors which lead seamlessly through the interior and exterior spaces. The massive commercial grade disappearing glass walls surrounding the great room are the true definition of indoor outdoor living. This private estate is a true entertaining statement property with luxury outdoor features such as expansive tiered patios, outdoor kitchen and BBQ area, tranquil patios land massive Olympic-sized lap pool highlighted by automated waterfalls, fountains and gas fire towers.
The superb glass-walled great room boasts a massive stone fireplace and beamed cove ceilings, opening freely to the gourmet kitchen with custom designed center island. Just steps from the main kitchen also sits a full catering kitchen with staff access and second pantry space. The family room sits adjacent for more casual entertaining, equipped with a gorgeous backlit solid Onyx wet bar, custom art display area and mountain views over the front entry.
The extravagant master suite is both sensational and Zen-like, with walls of glass looking out to the yoga garden and pool deck while giving direct views of Camelback Mountain and Downtown Phoenix in the distance. With his & her separate baths, two walk-in closets and adjacent exercise room and private offices, the master suite is a stunning retreat fit for any lifestyle.
Guests can choose to retire in the cozy guest suite in the main residence, or enjoy the nearly 1,600-square-foot two bedroom guest quarters with full separate kitchen, great room, laundry and private wraparound viewing patio. The guest suite is accessible via elevator from the 6-car garage or the stunning staircase via private entrance from the living room. With high ceilings and walls of glass overlooking the valley, this sanctuary feels like treetop living.
Showcasing the best views in the entire valley spanning 360 degrees, this sensational paradise-like estate is truly one-of-a-kind, offering spectacular mountainside privacy and 24/7 guard-gated security at the luxurious Clearwater Hills community.

Last Agent to Sell the Property

Wendy Walker

The Agency License #SA520073000 Listed on: 10/17/2019

The Agency

Co-Listed By

Amanda Malcolm

Engel & Voelkers Scottsdale License #SA660360000

Last Buyer's Agent

Wendy Walker

The Agency License #SA520073000 Listed on: 10/17/2019

The Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,502

Year Built

  • Built in 2007

Lot Details

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

HOA Fees

  • $292 Monthly HOA Fees

Parking

  • 6 Car Garage
  • 4 Open Parking Spaces
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Tile Roof
  • Concrete Roof
  • Metal Roof
  • Block Exterior
  • Stone Exterior Construction

Interior Spaces

  • 8,022 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • 3 Fireplaces
  • Gas Fireplace
  • Double Pane Windows
  • Low Emissivity Windows
  • Tinted Windows
  • Solar Screens
  • Mountain Views
  • Security System Owned

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Remodeled Bathroom
  • Two Primary Bathrooms
  • 5.5 Bathrooms
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Accessible Home Design

  • Accessible Hallway
  • Remote Devices
  • Doors are 32 inches wide or more
  • Multiple Entries or Exits

Pool

  • Private Pool
  • Diving Board
  • Heated Spa

Outdoor Features

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

Schools

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

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Water Purifier
  • Septic Tank
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 169-16-013-B

Community Details

Overview

  • Association fees include ground maintenance, street maintenance
  • Clearwater Hills Association, Phone Number (480) 922-9080
  • Built by Custom
  • Clearwater Hills Prvt Roads & Tr A Subdivision

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,502

Year Built

Built in 2007

Lot Details

0

HOA Fees

$292 per month

Parking

6

Listing Details

  • Cross Street: Tatum & Lincoln
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 291.67
  • Basement: N
  • Updated Partial or Full Bathrooms: Partial
  • Bathrooms Year Updated: 2008
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2012
  • Updated Heating or Cooling Units: Partial
  • Items Updated Ht Cool Yr Updated: 2012
  • Updated Kitchen: Partial
  • Items Updated Kitchen Yr Updated: 2007
  • Updated Plumbing: Partial
  • Updated Pool: Partial
  • Items Updated Pool Yr Updated: 2007
  • Updated Roof: Partial
  • Items Updated Roof Yr Updated: 2008
  • Updated Wiring: Partial
  • Items Updated Wiring Yr Updated: 2003
  • Parking Spaces Slab Parking Spaces: 4.0
  • Parking Spaces Total Covered Spaces: 6.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2007
  • Spa Private: Yes
  • Tax Year: 2019
  • Directions: North on Tatum to Clearwater Parkway. West on Clearwater Parkway to gate. Guard will direct you from gatehouse.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.04
  • Co List Office Mls Id: cbrb02
  • Co List Office Phone: 602-954-6888
  • Subdivision Name: CLEARWATER HILLS PRVT ROADS & TR A
  • Architectural Style: Contemporary
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • Tax Parcel Letter: B
  • Association Fees:HOA Fee2: 3500.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Windows:Low-E: Yes
  • Cooling:Central Air: Yes
  • Features:Water Purifier: Yes
  • Windows:Solar Screens: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Stone, Tile, Wood
  • Basement YN: No
  • Possible Use: None
  • Spa Features: Heated, Private
  • Appliances: Gas Cooktop, Electric Cooktop, Water Purifier
  • Accessibility Features: Accessible Door 32in+ Wide, Remote Devices, Mltpl Entries/Exits, Accessible Hallway(s)
  • Possible Bedrooms: 8
  • Total Bedrooms: 5
  • Fireplace Features: Fire Pit, 3+ Fireplace, Exterior Fireplace, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Eat-in Kitchen, Breakfast Bar, Elevator, Vaulted Ceiling(s), Wet Bar, Kitchen Island, Pantry, 2 Master Baths, Separate Shwr & Tub, Tub with Jets
  • Living Area: 8022.0
  • Stories: 2
  • Window Features: Skylight(s), Low-Emissivity Windows, Solar Screens, Dual Pane, Tinted Windows
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Community Features:Guarded Entry: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Other Rooms:BonusGame Room: Yes
  • Other Rooms:Loft: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:ExerciseSauna Room: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Fireplace Features:Fire Pit: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Exterior Features: Balcony, Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Grass Back
  • Pool Features: Diving Pool, Private
  • View: City Light View(s), Mountain(s)
  • Disclosures: Seller Discl Avail
  • Construction Type: Synthetic Stucco, Steel Frame, Wood Frame, Stone, Block
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile, Concrete, Metal
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes
  • Construction:Frame - Metal: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes
  • Fireplace Features Exterior Fireplace: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 6.0
  • Open Parking Spaces: 4.0
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Natural Gas
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Pvt Water Company
  • Heating:Natural Gas: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Gated, Guarded Entry
  • Association Fee: 3500.0
  • Association Fee Frequency: Annually
  • Association Name: Clearwater Hills
  • Phone: 480-922-9080
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 200.0
  • Association Fees:HOA Paid Frequency: Annually
  • Association Fees:HOA Name4: Clearwater Hills
  • Association Fees:HOA Telephone4: 480-922-9080
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 3115.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Street Maint: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Street 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: 45419.0
  • Parcel #: 169-16-013-B

Building Info

  • Builder Name: Custom

Tax Info

  • Tax Annual Amount: 15502.0
  • Tax Book Number: 169.00
  • Tax Lot: 13
  • Tax Map Number: 16.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2022
Sold by
Morstad Goldberg and Morstad Karen
Bought by
Mkg Trust
Current Estimated Value
$7,150,950

Purchase Details

Listed on
Oct 17, 2019
Closed on
Jun 15, 2020
Sold by
7540 Silvercrest Llc
Bought by
Goldberg Mark and Goldberg Karen Morstad
Seller's Agent
Wendy Walker
The Agency
Buyer's Agent
Wendy Walker
The Agency
List Price
$5,000,000
Sold Price
$4,800,000
Premium/Discount to List
-$200,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.54%
Original Mortgage
$3,000,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2016
Sold by
Howard Wayne N
Bought by
7540 Silvercrest Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,500,000
Interest Rate
3.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 16, 2003
Sold by
Summit Securities Inc
Bought by
Howard Wayne N and Howard Lucia F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,950
Interest Rate
1.95%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 7, 2002
Sold by
Champion Partners Silvercrest Llc
Bought by
Summit Securities Inc

Purchase Details

Closed on
Dec 29, 1999
Sold by
Friend Harold
Bought by
Champion Partners Silvercrest Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
7.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 1999
Sold by
Moscoso Jose G
Bought by
Friend Harold and Friend Stephanie

Purchase Details

Closed on
Oct 25, 1995
Sold by
Meyer Patrick W
Bought by
Moscoso Jose G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$828,000
Interest Rate
7.59%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mkg Trust -- Nearhood Law Offices Plc
Goldberg Mark $4,800,000 Premier Title Agency
7540 Silvercrest Llc -- None Available
Howard Wayne N $2,080,000 Lawyers Title Of Arizona Inc
Summit Securities Inc $1,015,232 --
Champion Partners Silvercrest Llc $1,800,000 First American Title
Friend Harold $1,550,000 Century Title Agency Inc
Moscoso Jose G $1,150,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Goldberg Mark $3,000,000
Previous Owner 7540 Silvercrest Llc $4,500,000
Previous Owner Samaras Katina $35,000
Previous Owner Howard Wayne N $999,950
Previous Owner Champion Partners Silvercrest Llc $2,100,000
Previous Owner Moscoso Jose G $828,000
Closed Champion Partners Silvercrest Llc $570,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2020 06/15/20 Sold $4,800,000 -4.0% $598 / Sq Ft
10/17/2019 10/17/19 For Sale $5,000,000 -- $623 / 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 $17,009 $244,463 -- --
2024 $14,566 $232,822 -- --
2023 $14,566 $274,170 $54,830 $219,340
2022 $15,547 $213,920 $42,780 $171,140
2021 $16,551 $201,120 $40,220 $160,900
2020 $16,340 $214,550 $42,910 $171,640
2019 $15,502 $195,470 $39,090 $156,380
2018 $16,217 $187,510 $37,500 $150,010
2017 $16,571 $204,520 $40,900 $163,620
2016 $15,920 $219,880 $43,970 $175,910
2015 $15,684 $219,880 $43,970 $175,910
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5993141

Arizona Regional Multiple Listing Service (ARMLS)

APN: 169-16-013B