NOT LISTED FOR SALE

7546 E Mercer Ln Scottsdale, AZ 85260

Estimated Value: $776,000 - $974,791

3 Beds
2.5 Baths
2,635 Sq Ft
$342/Sq Ft Est. Value

Last Sold June 30, 2015

Last sale price $422,500 $160 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $5,250/month

9 Days on Market

Highlights

  • Private Pool
  • Vaulted Ceiling
  • Granite Countertops
  • Sequoya Elementary School Rated A
  • Corner Lot
  • Private Yard

About This Home

As of June 2015

Soft Modern in the heart of Scottsdale. Single story living adorned with palm trees, knotty pine curved front door, multiple patios, and own your own grape vine. Once you enter, you feel the SPACE. Towering vaulted ceilings, smooth finished walls with crisp white paint, stone gas fireplace in the living room with views to a magical backyard featuring roses and palms and a 2 year old pebbletec pool. The great room features a sit up counter to a gourmet kitchen which offers gas cooktop, double ovens, entertainment wall with flecks of ebony and steel gray, and a separate east patio for bbqs and morning coffee. Feeling the need to entertain? This home offers a private formal dining room with high ceiling. Fresh exterior paint, Plantation shutters, 2635 sq ft, 3 bdrms, 2.5 bth, PRIME Location.

Last Agent to Sell the Property

Kristi Anderson

RE/MAX Excalibur Listed on: 05/11/2015

Last Buyer's Agent

Curt Johnson

Compass License #SA572181000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,173

Year Built

  • Built in 1986

Lot Details

  • 7,583 Sq Ft Lot
  • 1 Common Wall
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Corner Lot
  • Sprinklers on Timer
  • Private Yard
  • Grass Covered Lot
  • Land Lease of $450 per month

HOA Fees

  • $155 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Patio Home
  • Property Attached
  • Wood Frame Construction
  • Tile Roof
  • Built-Up Roof
  • Foam Roof
  • Stucco

Interior Spaces

  • 2,635 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Family Room with Fireplace

Kitchen

  • Gas Cooktop
  • Granite Countertops

Flooring

  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

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

Outdoor Features

  • Private Pool
  • Covered Patio or Porch

Schools

  • Cochise Elementary School
  • Cocopah Middle School
  • Chaparral High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Property is near a bus stop

Community Details

  • Association fees include ground maintenance, street maintenance, front yard maint
  • Ogden & Co Association, Phone Number (480) 396-4567
  • Built by Malouf
  • Briarwood North Lot 1 44 Tr A J Subdivision

Listing and Financial Details

  • Tax Lot 34
  • Assessor Parcel Number 175-43-045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,173

Year Built

Built in 1986

Lot Details

0

HOA Fees

$155 per month

Parking

2

Listing Details

  • Cross Street: Shea and 75th Place
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Leasehold
  • HOA #2: N
  • Association Fees Land Lease Fee: 450.0
  • Association Fees Land Lease Fee: Y
  • Land Lease Paid Frequency: Monthly
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 605.0
  • Basement: N
  • Updated Heating or Cooling Units: Partial
  • Items Updated Ht Cool Yr Updated: 2013
  • Updated Pool: Full
  • Items Updated Pool Yr Updated: 2013
  • Updated Roof: Full
  • Items Updated Roof Yr Updated: 2013
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1986
  • Tax Year: 2014
  • Directions: North on 75th place to Mercer , house on NW corner.
  • Property Sub Type: Patio Home
  • Horses: No
  • Lot Size Acres: 0.17
  • Subdivision Name: BRIARWOOD NORTH LOT 1-44 TR A-J
  • Architectural Style: Other
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 155.0
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Stone, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Gas Cooktop
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace, Family Room, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, 9+ Flat Ceilings, No Interior Steps, Vaulted Ceiling(s), Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 2635.0
  • Stories: 1
  • Kitchen Features:RangeOven Gas: Yes
  • Master Bathroom:Double Sinks: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Community Features:Near Bus Stop: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Yard
  • Lot Features: Corner Lot, Desert Back, Desert Front, Grass Front, Auto Timer H2O Front
  • Pool Features: Private
  • Disclosures: Agency Discl Req
  • Common Walls: 1 Common Wall
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile, Built-Up, Foam
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener, Attch'd Gar Cabinets, Separate Strge Area
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Separate Strge Area: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Near Bus Stop
  • Association Fee: 155.0
  • Association Fee Frequency: Monthly
  • Association Name: Briarwood North
  • Phone: 480-816-9496
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Briarwood North
  • Association Fees:HOA Telephone4: 480-816-9496
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Ogden & CO
  • Association Fees:HOA Management Phone: 480-396-4567
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Street Maint: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Street Maint, Front Yard Maint

Schools

  • Elementary School: Cochise Elementary School
  • High School: Chaparral High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Cocopah Middle School

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Land Lease: Yes
  • Lot Size Sq Ft: 7583.0
  • Parcel #: 175-43-045

Building Info

  • Builder Name: Malouf

Rental Info

  • Land Lease Amount: 450.0

Tax Info

  • Tax Annual Amount: 2173.0
  • Tax Book Number: 175.00
  • Tax Lot: 34
  • Tax Map Number: 43.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2015
Closed on
Jun 1, 2015
Sold by
Richard Sebastien and Richard Karine
Bought by
Houghton James T and Houghton Janet L
Seller's Agent
Kristi Anderson
RE/MAX Excalibur
Buyer's Agent
Curt Johnson
Compass
List Price
$450,000
Sold Price
$422,500
Premium/Discount to List
-$27,500
-6.11%
Current Estimated Value
$895,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$473,050
Avg. Annual Appreciation
7.77%
Original Mortgage
$332,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 21, 2013
Closed on
Mar 28, 2013
Sold by
The Bank Of New York Mellon
Bought by
Richard Sebastian and Richard Karine
Seller's Agent
Matthew Munn
Vylla Home
Buyer's Agent
Kathleen Ward
eXp Realty
List Price
$294,900
Sold Price
$294,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.58%

Purchase Details

Closed on
Aug 3, 2012
Sold by
Herbeerger Enterprises Inc
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Apr 20, 2011
Sold by
Lawrence Jay A
Bought by
Lawrence Jay A and The Jay A Lawrence Revocable Living Trus

Purchase Details

Closed on
May 17, 2000
Sold by
Lawrence Jay A
Bought by
Lawrence Jay A and Lawrence Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,600
Interest Rate
8.24%

Purchase Details

Closed on
Apr 20, 2000
Sold by
Lawrence Susan
Bought by
Lawrence Jay A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,600
Interest Rate
8.24%

Purchase Details

Closed on
May 28, 1999
Sold by
Heyman Louis P
Bought by
Lawrence Jay A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,200
Interest Rate
8.99%
Mortgage Type
New Conventional
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
Houghton James T $422,500 Lawyers Title Of Arizona Inc
Richard Sebastian $294,900 First American Title Insuran
The Bank Of New York Mellon -- None Available
Lawrence Jay A -- None Available
Lawrence Jay A -- --
Lawrence Jay A -- Title Guaranty Agency
Lawrence Jay A $209,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hougton James T $312,110
Closed Houghton James T $332,000
Previous Owner Lawrence Susan $352,000
Previous Owner Lawrence Jay A $270,957
Previous Owner Lawrence Jay A $43,600
Previous Owner Lawrence Jay A $167,200
Previous Owner Heyman Louis P $99,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2015 06/30/15 Sold $422,500 -6.1% $160 / Sq Ft
06/25/2015 06/25/15 Price Changed $450,000 0.0% $171 / Sq Ft
06/10/2015 06/10/15 Price Changed $450,000 0.0% $171 / Sq Ft
05/20/2015 05/20/15 Pending -- -- --
05/11/2015 05/11/15 For Sale $450,000 +52.6% $171 / Sq Ft
04/10/2013 04/10/13 Sold $294,900 0.0% $112 / Sq Ft
03/04/2013 03/04/13 Pending -- -- --
02/21/2013 02/21/13 For Sale $294,900 -- $112 / 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 $2,309 $33,723 -- --
2024 $2,529 $42,824 -- --
2023 $2,529 $60,800 $12,160 $48,640
2022 $2,416 $43,480 $8,690 $34,790
2021 $3,062 $39,810 $7,960 $31,850
2020 $3,035 $39,100 $7,820 $31,280
2019 $2,932 $36,630 $7,320 $29,310
2018 $2,839 $35,400 $7,080 $28,320
2017 $2,720 $34,580 $6,910 $27,670
2016 $2,669 $33,970 $6,790 $27,180
2015 $2,192 $33,480 $6,690 $26,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5278442

Arizona Regional Multiple Listing Service (ARMLS)

APN: 175-43-045