NOT LISTED FOR SALE

Estimated Value: $2,727,000 - $3,034,000

6 Beds
7.5 Baths
6,040 Sq Ft
$474/Sq Ft Est. Value

Last Sold March 03, 2017

Last sale price $1,500,101 $248 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $16,915/month

55 Days on Market

Highlights

  • 1.19 Acre Lot
  • Two Primary Bathrooms
  • Family Room with Fireplace
  • Laguna Elementary School Rated A
  • Mountain View
  • Wood Flooring

About This Home

As of March 2017

Tranquility best describes this spa inspired oasis in the desert. Strategically positioned upon 1.19-acre cul-de-sac lot, with north/south exposure. This Mediterranean masterpiece is graced with elements and influences from around the world. With just over 6,000 square foot, this single-story home is anchored by an indoor atrium, which provides a source of light and energy that radiates throughout the property, providing a simple sense of peace and harmony. Timeless, under-stated accents highlight the home, from the Austrian crystal chandeliers to the custom commissioned fireplaces and water features. Current, clean lines capture the true beauty in simplicity, and create an international influenced masterpiece. A classic 3-tier hand-carved fountain greets guests upon arrival. The Moroccan inspired entrance boasts massive hand carved doors, created from 100-year-old Burmese Teak wood, and twenty-three hand-carved Andhi Mable pillars graciously accent the exterior and interior of this luxury home and provide indoor and outdoor continuity.

The kitchen is a chef's delight and flows effortlessly into the great room and is adjacent to the dining room. The fully hand-carved reclaimed Burmese Teak Island base is a significant piece of artwork unto itself, and it is accentuated by a floating ceiling that is back lit for ambiance. The second serving island hosts a breakfast bar for easy entertaining and extra prep space. Extensive custom cabinetry, enjoy inlaid marble and natural stone that grace the counters and back splash and as expected, top of the line appliances, complete the presentation.

Egyptian Galala Marble was used to replicate a famous French Antique fireplace and it serves as the focal point for the dramatic gathering room. A bank of French doors provides an abundance of natural light and easy access to the covered patio, outdoor gardens, and courtyards.

The master retreat features an exceptional ceiling treatment that sets the tone for this relaxing space, with Burmese teak wood coffer that is intricately carved, capturing the differences in 100-year-old wood beams that were reclaimed to make this replica of Temple Ceiling, now found in one of the top hotels in India. There is easy access to a private patio, with a fireplace, which overlooks the garden.

Generous his and her closet spaces, dual water closets and vanities with Onyx counter space are the perfect accouterments to the monolithic block of marble that was hand-chiseled, hand-carved, and hand-polished to create the one of a kind soaking tub.

The forward thinking and flexible design lends itself to endless possibilities and options; everything from grand entertaining to intimate gatherings - and it can easily accommodate multi-generational living or in home help. With three exceptionally generous en-suites, an expansive executive office, a formal living and dining room, a music room as well as an in-home gym complete the practical side of day to day living. As a bonus, there are separate guest quarters tucked away off the backside of the house that can be enjoyed in many ways.

There are 6.5 separate garage bays, with plenty of room to further expand, for the car aficionado or the toy collector. There is a spectacular courtyard to the east of the home with a fountain and additional land with ample space for a full-size tennis court, sport court or guest house.

The use of Vaastu principles of ancient Indian architecture, were the cornerstone in creating an overall harmonic home that is practical, pristine, and truly a "one of a kind" estate.

Last Agent to Sell the Property

Cindy Metz

Russ Lyon Sotheby's International Realty License #SA579643000 Listed on: 12/06/2016

Russ Lyon Sotheby's International Realty

Co-Listed By

Kathy Reisdorf

Russ Lyon Sotheby's International Realty License #SA574840000

Last Buyer's Agent

Brian Doherty

Brian Doherty Real Estate License #BR641217000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,633

Year Built

  • Built in 2005

Lot Details

  • 1.19 Acre Lot
  • Cul-De-Sac
  • Wrought Iron Fence
  • Block Wall Fence
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard
  • Grass Covered Lot

Parking

  • 6.5 Car Detached Garage
  • 13 Open Parking Spaces
  • Side or Rear Entrance to Parking
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Designed by Steve Benitez Architects
  • Wood Frame Construction
  • Tile Roof
  • Built-Up Roof
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • 6,040 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Central Vacuum
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Low Emissivity Windows
  • Family Room with Fireplace
  • 3 Fireplaces
  • Mountain Views

Kitchen

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

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Two Primary Bathrooms
  • Primary Bathroom is a Full Bathroom
  • 7.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bidet
  • Bathtub With Separate Shower Stall

Home Security

  • Security System Owned
  • Fire Sprinkler System

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Outdoor Fireplace
  • Playground

Schools

  • Laguna Elementary School
  • Mountainside Middle School
  • Desert Mountain High School

Utilities

  • Refrigerated Cooling System
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Water Filtration System
  • Water Softener
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Built by Custom
  • Shea Corridor Subdivision, Custom Floorplan

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 217-34-024-B

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,633

Year Built

Built in 2005

Lot Details

0

Parking

6

Listing Details

  • Cross Street: Shea Blvd and 110th Street
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Architect Architect: Steve Benitez
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Cooling HVAC SEER Rating: 16
  • Parking Spaces Slab Parking Spaces: 13.0
  • Parking Spaces Total Covered Spaces: 6.5
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2005
  • Tax Year: 2016
  • Directions: East on Shea Blvd, right/south on 110th St, right/west on Turquoise (where road bends) to 108th St, turn right/north, turn right/east on 1st cul-de-sac. Home is on the corner lot.
  • Master Model: Custom
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 1.19
  • Co List Office Mls Id: lyon25
  • Co List Office Phone: 480-585-7070
  • Subdivision Name: Shea Corridor
  • Architectural Style: Other (See Remarks)
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • Tax Parcel Letter: B
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Flooring: Stone, Wood
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Possible Bedrooms: 7
  • Total Bedrooms: 6
  • Fireplace Features: 3+ Fireplace, Exterior Fireplace, Family Room, Gas
  • Fireplace: Yes
  • Interior Amenities: Breakfast Bar, 9+ Flat Ceilings, Central Vacuum, Drink Wtr Filter Sys, Fire Sprinklers, No Interior Steps, Soft Water Loop, Wet Bar, Kitchen Island, Pantry, 2 Master Baths, Bidet, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet, Granite Counters
  • Living Area: 6040.0
  • Stories: 1
  • Window Features: Dual Pane, Low-E
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Kitchen Features Pantry: Yes
  • Fireplace:Fireplace Family Rm: Yes
  • Fireplace:Exterior Fireplace: Yes
  • Other Rooms:Family Room: Yes
  • Fireplace:Gas Fireplace: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:Arizona RoomLanai: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Balcony, Circular Drive, Covered Patio(s), Playground, Patio, Private Yard
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Corner Lot, Cul-De-Sac, Grass Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: None
  • Pool Private: No
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Stucco, Stone, Frame - Wood
  • Roof: Tile, Built-Up
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Childrens Play Area: Yes
  • Exterior Features:Circular Drive: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 6.5
  • Parking Features: Attch'd Gar Cabinets, Electric Door Opener, Extnded Lngth Garage, Side Vehicle Entry, Detached
  • Attached Garage: No
  • Garage Spaces: 6.5
  • Open Parking Spaces: 13.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Extnded Lngth Garage: Yes
  • Parking Features:Side Vehicle Entry: Yes
  • Parking Features:Detached: Yes

Utilities

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

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Laguna Elementary School
  • High School: Desert Mountain High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Mountainside Middle School

Lot Info

  • Horse Amenities: Other, See Remarks
  • Land Lease: No
  • Lot Size Sq Ft: 51836.0
  • Parcel #: 217-34-024-B
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Water Conservation: Recirculation Pump

Building Info

  • Builder Name: Custom

Tax Info

  • Tax Annual Amount: 9633.0
  • Tax Book Number: 217.00
  • Tax Lot: 1
  • Tax Map Number: 34.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2016
Closed on
Feb 4, 2017
Sold by
Lahoti Ashish and Lahoti Nayana
Bought by
Itty Ajit and Itty Jeny Marina Pothen
Seller's Agent
Cindy Metz
Russ Lyon Sotheby's International Realty
Buyer's Agent
Brian Doherty
Brian Doherty Real Estate
List Price
$1,649,900
Sold Price
$1,500,101
Premium/Discount to List
-$149,799
-9.08%
Total Days on Market
55
Current Estimated Value
$2,864,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,364,017
Avg. Annual Appreciation
7.38%
Original Mortgage
$1,200,080
Interest Rate
4.09%
Mortgage Type
New Conventional
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
Itty Ajit $1,500,101 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Itty Ajit $1,134,000
Closed Itty Ajit $1,200,080
Previous Owner Lahoti Ashish $1,182,000
Previous Owner Lahoti Ashish $1,225,000
Previous Owner Lahoti Ashish $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2017 03/03/17 Sold $1,500,101 -9.1% $248 / Sq Ft
01/30/2017 01/30/17 Pending -- -- --
12/06/2016 12/06/16 For Sale $1,649,900 -- $273 / 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 $10,053 $157,455 -- --
2024 $9,930 $149,957 -- --
2023 $9,930 $184,220 $36,840 $147,380
2022 $9,391 $146,120 $29,220 $116,900
2021 $10,015 $135,700 $27,140 $108,560
2020 $9,922 $133,550 $26,710 $106,840
2019 $9,553 $131,520 $26,300 $105,220
2018 $9,232 $111,900 $22,380 $89,520
2017 $9,166 $110,530 $22,100 $88,430
2016 $9,633 $112,480 $22,490 $89,990
2015 $10,238 $121,920 $24,380 $97,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5533010

Arizona Regional Multiple Listing Service (ARMLS)

APN: 217-34-024B