$475,000
SOLD SEP 25, 2012
6 Beds
3.5 Baths
4,432 Sq Ft
0.47 Acres

Recently Sold

$107 Per Sq Ft

5% Below List Price

4 Days on Market

Highlights

  • Private Pool
  • Gated Community
  • 0.47 Acre Lot
  • Franklin at Brimhall Elementary School Rated A
  • City Lights View
  • Vaulted Ceiling

About This Home

As of March 2013

Elegant spacious home on 1/2 acre lot in gated community of Madrid. Gated courtyard welcomes you into the vaulted ceiling entryway and formal living/dining. Gourmet kitchen with ss appliances, granite counter tops, kitchen island, ample workspace and storage in the pecan cabinets. Huge master suite DOWNSTAIRS with stunning bathroom, his/her closet, snail shower and casita/office/exercise room with separate entrance to courtyard. Large loft perfect for a game room or library and extended walk out deck with panoramic city light and mountain views. 4 additional bedrooms upstairs. Low maintenance back yard with pebble tec pool and waterfall, built in BBQ. Backs to lush wash. Great location close to the 202 freeway and shopping. A must see!!

Last Agent to Sell the Property

Lorraine Ryall

KOR Properties License #BR625914000 Listed on: 05/14/2012

Last Buyer's Agent

Byron Applegate

Applegate Homes Realty License #SA640458000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,843

Year Built

  • Built in 2001

Lot Details

  • 0.47 Acre Lot
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Private Yard

HOA Fees

  • $93 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Garage Door Opener

Property Views

  • City Lights
  • Mountain

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 4,432 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • 1 Fireplace
  • Solar Screens
  • Security System Owned

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Primary Bathroom is a Full Bathroom
  • 3.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Outdoor Features

  • Private Pool
  • Balcony
  • Covered patio or porch
  • Fire Pit
  • Built-In Barbecue

Schools

  • Zaharis Elementary School
  • Fremont Junior High School
  • Red Mountain High School

Utilities

  • Refrigerated Cooling System
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Water Softener
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 117
  • Assessor Parcel Number 219-31-192

Community Details

Overview

  • Association fees include ground maintenance, street maintenance
  • Tri City Prop Mgmt Association, Phone Number (480) 844-2224
  • Built by Schuler
  • Madrid Subdivision, San Sabastian Floorplan

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,843

Year Built

Built in 2001

Lot Details

0

HOA Fees

$93 per month

Parking

3

Listing Details

  • Cross Street: Power & McDowell
  • Legal Info Range: 7E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 93.33
  • Basement: N
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2001
  • Tax Year: 2011
  • Directions: E on Mcdowell, R on 89th St (entrance to Madrid) on E Northridge St, L on Minton to home on right
  • Master Model: San Sabastian
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.47
  • Subdivision Name: Madrid
  • Efficiency: Multi-Pane Wndws, Multi-Zones
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 280.0
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:High Speed Internet Available: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: None
  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 9
  • Total Bedrooms: 6
  • Fireplace Features: 1 Fireplace, Fire Pit
  • Fireplace: Yes
  • Interior Amenities: Master Downstairs, Breakfast Bar, 9+ Flat Ceilings, Furnished(See Rmrks), Soft Water Loop, Vaulted Ceiling(s), Kitchen Island, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet, Granite Counters
  • Living Area: 4432.0
  • Stories: 2
  • Window Features: Sunscreen(s)
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Gated Community2: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:Loft: Yes
  • Fireplace:Firepit: Yes
  • Other Rooms:Library-Blt-in Bkcse: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Exterior Features: Balcony, Covered Patio(s), Patio, Private Yard, Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Corner Lot, Desert Back, Desert Front
  • Pool Features: Private
  • Pool Private: Yes
  • View: City Lights, Mountain(s)
  • Disclosures: Agency Discl Req
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Attch'd Gar Cabinets, Electric Door Opener
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Attch_squote_d Gar Cabinets: Yes

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Natural Gas
  • Security: Security System Owned
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Gated Community
  • Amenities: Management, Rental OK (See Rmks)
  • Association Fee: 280.0
  • Association Fee Frequency: Quarterly
  • Association Name: Tri-City Prop Mgmt
  • Phone: 480-844-2224
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 300.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Tri-City Prop Mgmt
  • Association Fees:HOA Telephone4: 480-844-2224
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fee Incl:Street Maint: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Street Maint

Schools

  • Elementary School: Zaharis Elementary
  • High School: Red Mountain High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Fremont Junior High School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 20502.0
  • Parcel #: 219-31-192
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Schuler

Tax Info

  • Tax Annual Amount: 3843.08
  • Tax Book Number: 219.00
  • Tax Lot: 117
  • Tax Map Number: 31.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2013
Closed on
Feb 27, 2013
Sold by
Brown Christopher John and Brown Shelley
Bought by
Gates Roy A and Gates Alejandra Enriquez
Seller's Agent
Byron Applegate
Applegate Homes Realty
Buyer's Agent
Craig Eaton
Top Rock Realty
List Price
$525,000
Sold Price
$500,000
Premium/Discount to List
-$25,000
-4.76%
Current Estimated Value
$1,322,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$822,028
Avg. Annual Appreciation
8.17%
Original Mortgage
$375,000
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 14, 2012
Closed on
Sep 21, 2012
Sold by
Forsum Reynold W
Bought by
Brown Christopher John and Brown Shelley
Seller's Agent
Lorraine Ryall
KOR Properties
Buyer's Agent
Byron Applegate
Applegate Homes Realty
List Price
$499,000
Sold Price
$475,000
Premium/Discount to List
-$24,000
-4.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.36%
Original Mortgage
$322,000
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 17, 2006
Sold by
Simonsen Richard J and Simonsen Judy K
Bought by
Forsum Reynold W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
6.3%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 16, 2006
Sold by
Forsum Joan R
Bought by
Forsum Reynold W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
6.3%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 11, 2002
Sold by
Schuler Homes Of Arizona Llc
Bought by
Simonsen Richard J and Simonsen Judy K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,477
Interest Rate
6.78%
Mortgage Type
New Conventional
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

Date Type Sale Price Title Company
Warranty Deed $500,000 Security Title Agency
Warranty Deed $475,000 Security Title Agency
Warranty Deed $950,000 Fidelity National Title
Interfamily Deed Transfer -- Fidelity National Title
Deed $460,440 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $321,700 New Conventional
Closed $375,000 New Conventional
Previous Owner $322,000 Purchase Money Mortgage
Previous Owner $950,000 Stand Alone First
Previous Owner $950,000 Stand Alone First
Previous Owner $100,000 Credit Line Revolving
Previous Owner $396,477 New Conventional
Closed $74,339 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2013 03/04/13 Sold $500,000 -4.8% $113 / Sq Ft
01/31/2013 01/31/13 Pending -- -- --
01/14/2013 01/14/13 For Sale $525,000 +10.5% $118 / Sq Ft
09/25/2012 09/25/12 Sold $475,000 -4.8% $107 / Sq Ft
05/14/2012 05/14/12 For Sale $499,000 -- $113 / 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 $5,913 $66,356 -- --
2024 $5,967 $63,196 -- --
2023 $5,967 $78,020 $15,600 $62,420
2022 $5,831 $61,560 $12,310 $49,250
2021 $5,909 $58,980 $11,790 $47,190
2020 $5,824 $55,130 $11,020 $44,110
2019 $5,402 $51,070 $10,210 $40,860
2018 $5,161 $50,320 $10,060 $40,260
2017 $4,989 $52,860 $10,570 $42,290
2016 $4,885 $53,960 $10,790 $43,170
2015 $4,556 $51,050 $10,210 $40,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4759458

Arizona Regional Multiple Listing Service (ARMLS)

APN: 219-31-192