NOT LISTED FOR SALE

8981 E Covey Trail Unit 218 Scottsdale, AZ 85262

Desert Mountain Neighborhood

Estimated Value: $2,869,000 - $3,541,461

1.29 Acres
$2,461,136 Price per Acre
56,192 Sq Ft Lot

Last Sold May 31, 2012

Last sale price $270,000 $5 Per Sq Ft

Est. 1,076% increase in value since last sale

Current estimated payment $18,474/month

373 Days on Market

Highlights

  • On Golf Course
  • Gated with Attendant
  • Gentle Sloping Lot
  • Black Mountain Elementary School Rated A-
  • City Lights View

About This Lot

As of May 2012

Outstanding acre plus golf course lot with valley light views. Situated near the entrance to Desert Mountain so easy access to the valley. This acre plus lot provides a large buiding envelope with golf course, mountain, valley light and sunset vistas. Located on the 13th hold of the Renegade course. Membership available by application to the Desert Mountain Club.

Last Agent to Sell the Property

Colleen Seymour

Berkshire Hathaway HomeServices Arizona Properties License #SA102255000 Listed on: 04/07/2011

Berkshire Hathaway HomeServices Arizona Properties

Co-Listed By

Don Baron

Berkshire Hathaway HomeServices Arizona Properties License #BR500309000

Last Buyer's Agent

Jan Lux

Russ Lyon Sotheby's International Realty License #SA516841000

Russ Lyon Sotheby's International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,828

Year Built

  • 2013

Lot Details

  • 1.29 Acre Lot
  • On Golf Course
  • Gentle Sloping Lot

Property Views

  • City Lights
  • Mountain

Interior Spaces

  • 56,080 Sq Ft Home

Schools

  • Black Mountain Elementary School
  • Sonoran Trails Middle School
  • Cactus Shadows High School

Community Details

Recreation

  • Golf Course Community

Additional Features

  • $3,233 per year Dock Fee
  • Gated with Attendant

Property Details

Property Type

Land

Est. Annual Taxes

$7,828

Year Built

2013

Lot Details

0

Listing Details

  • Tax Municipality: Scottsdale
  • Cross Street: Cave Creek Road & Pima
  • Legal Info Lot Number: 218
  • Roads Streets: Asphalt
  • Property Type: C
  • Estimated Deeded Fee Acres: 1.29
  • Estimated G N Sq Ft: G
  • Estimated Total Acres: 1.29
  • Estimated Total Acres G N: G
  • Assessor Parcel Number: 903.00
  • Displayon Public Websites: Y
  • Existing Land Use: Residential Lot
  • Hundred Block: 41000
  • Land Features: City Light View(s), Gated Community, Golf Course Lot, Golf Course Subd, Guarded Entry, Mountain View(s), North/South Exp
  • Marketing Name: Gambel Quail Preserve
  • Number Lotsin Listing: 1.00
  • Parcel Size: 1.00 - 2.49 Acres
  • Price Per Acre: 228682.17
  • Price Per Sq Ft: 5.26
  • Topography: Gentle Sloping
  • Type: Er
  • Zoned Presently: Single Family
  • Zoning: Res
  • Map Code Grid: F38
  • Tax Year: 2009
  • Directions: Pima north to Cave Creek Road, East to Desert Mountain Main Gate. Ask guard for directions and map to Gambel Quail Preserve Lot 218. First village on left, drive straight back then left on Covey Trail
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2013

Interior Features

  • Estimated Sq Ft: 56080.00

Exterior Features

  • Lot Number: 218

Utilities

  • Water: City Franchise
  • Electric: Aps
  • Gas: Sw Gas

Condo/Co-op/Association

  • Association Info: Owner Association
  • Association Info HOA: Y
  • Annual HOA Fees: 1266.00
  • HOA Paid Frequency: Semi-Annually

Schools

  • Elementary School: Black Mountain Elementary School
  • Middle School: Sonoran Trails Middle School
  • High School: Cactus Shadows High School
  • Elementary School: Black Mountain Elementary School
  • High School: Cactus Shadows High School
  • Jr High School: Sonoran Trails Middle School

Lot Info

  • Lot Size: Irregular

Tax Info

  • Taxes: 3233.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 7, 2012
Sold by
Kahler Michael E and Kahler Katherine A
Bought by
Kahler Michael E and The Michael E Kahler Declaration Of Trus
Total Days on Market
373
Current Estimated Value
$3,174,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,350
Outstanding Balance
$813,240
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$2,457,327

Purchase Details

Listed on
Apr 7, 2011
Closed on
May 24, 2012
Sold by
Desert Investment Corp
Bought by
Kahler Michael E
Seller's Agent
Colleen Seymour
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Jan Lux
Russ Lyon Sotheby's International Realty
List Price
$295,000
Sold Price
$270,000
Premium/Discount to List
-$25,000
-8.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.10%

Purchase Details

Closed on
Jun 23, 1999
Sold by
Desert Mountain Properties Ltd Prtnrshp
Bought by
Desert Investment Corp

Purchase Details

Closed on
Apr 19, 1999
Sold by
Terra Americana Company Inc
Bought by
Desert Mountain Properties Ltd Prtnrshp

Purchase Details

Closed on
Sep 24, 1996
Sold by
First American Title Insurance Company
Bought by
Terra Americana Company Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
7.95%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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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
Kahler Michael E -- None Available
Kahler Michael E $270,000 Us Title Agency
Desert Investment Corp $425,000 First American Title
Desert Mountain Properties Ltd Prtnrshp $405,000 First American Title
Terra Americana Company Inc $360,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kahler Michael E $1,120,350
Previous Owner Terra Americana Company Inc $306,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2012 05/31/12 Sold $270,000 -8.5% $5 / Sq Ft
04/14/2012 04/14/12 Pending -- -- --
04/07/2011 04/07/11 For Sale $295,000 -- $5 / 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 $7,828 $159,427 -- --
2024 $7,573 $151,835 -- --
2023 $7,573 $205,470 $41,090 $164,380
2022 $7,322 $173,160 $34,630 $138,530
2021 $7,944 $172,820 $34,560 $138,260
2020 $7,916 $189,380 $37,870 $151,510
2019 $7,617 $153,050 $30,610 $122,440
2018 $7,371 $146,400 $29,280 $117,120
2017 $7,034 $149,230 $29,840 $119,390
2016 $7,805 $131,800 $26,360 $105,440
2015 $6,624 $125,480 $25,090 $100,390
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    Colleen Seymour

    Berkshire Hathaway HomeServices Arizona Properties

    (480) 473-4900

    Colleen Seymour
    Section Image
  • Don Baron

    Seller Co-Listing Agent in 2012

    Don Baron

    Berkshire Hathaway HomeServices Arizona Properties

    (602) 989-8131

    Section Image
  • Jan Lux

    Buyer's Agent in 2012

    Jan Lux

    Russ Lyon Sotheby's International Realty

    (480) 363-3543

    9 in this area

    13 Total Sales

    Jan Lux
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4565638

Arizona Regional Multiple Listing Service (ARMLS)

APN: 219-56-903

Arizona Maricopa County Scottsdale 85262 Desert Mountain

8981 E Covey Trail Unit 218, Scottsdale, AZ

This home is located at 8981 E Covey Trail Unit 218, Scottsdale, AZ 85262 since 07 April 2011 and is currently estimated at $3,174,865, approximately $56 per square foot. This property was built in 2013. 8981 E Covey Trail Unit 218 is a home located in Maricopa County with nearby schools including Black Mountain Elementary School, Cactus Shadows High School, and Sonoran Trails Middle 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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