NOT LISTED FOR SALE

Estimated Value: $1,965,000 - $3,221,142

2.24 Acres
$1,119,547 Price per Acre
97,574 Sq Ft Lot

Last Sold May 20, 2014

Last sale price $260,000

Est. 865% increase in value since last sale

Current estimated payment $13,993/month

31 Days on Market

Highlights

  • City Lights View
  • 2.24 Acre Lot
  • Property is near a preserve or public land
  • Cactus Shadows High School Rated A-

About This Lot

As of May 2014

Located in North Scottsdale's best kept secret, Desert Ranch, a small enclave of custom homes on lots averaging 2 acres in size, this breathtaking 2.24 acre parcel enjoys 360 degree views inclusive of sparkling city lights, majestic mountain landscapes and glorious sunsets. While most homes in this plat are on septic, propane and city water, this particular lot has sewer and gas at the property. So if you cannot find that dream home, build your own vision on this exceptional piece of property.

Last Agent to Sell the Property

Kim Baker

Russ Lyon Sotheby's International Realty License #SA533431000 Listed on: 02/18/2014

Russ Lyon Sotheby's International Realty

Last Buyer's Agent

Connie Edelman

Compass License #BR114967000

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,520

Lot Details

  • 2.24 Acre Lot
  • Property is zoned R1-43

HOA Fees

  • $13 Monthly HOA Fees

Property Views

  • City Lights
  • Mountain

Eco-Friendly Details

  • North or South Exposure

Schools

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

Community Details

  • Desert Ranch Association, Phone Number (602) 510-1531
  • Desert Ranch Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 216-46-028

Property Details

Property Type

Land

Est. Annual Taxes

$1,520

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Cross Street: Pima Road and Legend Trail Parkway
  • Property Type: Land
  • Zoning: R1-43
  • Tax Year: 2013
  • Directions: East on Legend Trail. Take first left at Vista. Lot is second one on right side of street.
  • Lot Size Acres: 2.24
  • Road Surface Type: Asphalt, Private Street
  • Subdivision Name: Desert Ranch
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Fencing: None
  • Lot Features: City Light View(s), Mountain View(s), North/South Exp, Borders Pres/Pub Lnd
  • Disclosures: Seller Prop Disc Stm, ALTA Survey Alba

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Annual HOA Fees: 150.0
  • HOA Paid Frequency: Annually
  • HOA Telephone: 602-510-1531
  • HOA Transfer Fee: 400.0
  • Association Fee: 150.0
  • Association Fee Frequency: Annually
  • Association Name: Desert Ranch
  • Phone: 602-510-1531
  • Association: Yes

Schools

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

Lot Info

  • Lot Size: IRR
  • Lot Size Sq Ft: 97551.0
  • Additional Parcels: No
  • Parcel #: 216-46-028
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1520.0
  • Tax Book Number: 216.00
  • Tax Lot: 11
  • Tax Map Number: 46.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2016
Sold by
Maikai Aina Holdings Llc
Bought by
Aerni Michelle R and Swanson Karen L
Current Estimated Value
$2,507,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,211,720
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 18, 2014
Closed on
May 14, 2014
Sold by
Forman Robert L and Forman Dore C
Bought by
Maikai Aina Holdings Llc
Seller's Agent
Kim Baker
Russ Lyon Sotheby's International Realty
Buyer's Agent
Connie Edelman
Compass
List Price
$287,500
Sold Price
$260,000
Premium/Discount to List
-$27,500
-9.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.10%
Original Mortgage
$130,000
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 24, 2007
Sold by
Forman Robert L and Forman Dore C
Bought by
Forman Robert L and Forman Dore C

Purchase Details

Closed on
Nov 30, 2001
Sold by
Garcia Carlos H
Bought by
Forman Robert L and Forman Dore C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2000
Sold by
Garcia Sharon Lee
Bought by
Garcia Carlos H

Purchase Details

Closed on
Feb 23, 2000
Sold by
Meyer Robert F
Bought by
Garcia Carlos H
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Aerni Michelle R $1,514,650 Great American Title Agency
Maikai Aina Holdings Llc $260,000 Great American Title Agency
Forman Robert L -- None Available
Forman Robert L $200,000 First American Title
Garcia Carlos H -- First American Title
Garcia Carlos H $170,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aerni Michelle R $999,900
Closed Aerni Michelle R $1,211,720
Previous Owner Maikai Aina Holdings Llc $200,000
Previous Owner Maikai Aina Holdings Llc $130,000
Previous Owner Forman Robert L $156,000
Previous Owner Forman Robert L $156,000
Previous Owner Forman Robert L $156,000
Previous Owner Forman Robert L $156,000
Previous Owner Forman Robert L $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2014 05/20/14 Sold $260,000 -9.6% --
03/14/2014 03/14/14 Pending -- -- --
02/11/2014 02/11/14 For Sale $287,500 -- --
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 $5,048 $106,837 -- --
2024 $4,877 $101,750 -- --
2023 $4,877 $184,270 $36,850 $147,420
2022 $4,709 $146,160 $29,230 $116,930
2021 $5,137 $138,880 $27,770 $111,110
2020 $5,107 $123,620 $24,720 $98,900
2019 $4,907 $118,300 $23,660 $94,640
2018 $4,749 $104,010 $20,800 $83,210
2017 $1,439 $45,300 $45,300 $0
2016 $1,433 $47,325 $47,325 $0
2015 $1,445 $33,536 $33,536 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5071944

Arizona Regional Multiple Listing Service (ARMLS)

APN: 216-46-028