$1,925,000
SOLD JAN 20, 2021
8 Beds
7 Baths
5,002 Sq Ft
1.06 Acres

Recently Sold

$385 Per Sq Ft

23% Below List Price

20 Days on Market

Highlights

  • Guest House
  • Heated Spa
  • Mountain View
  • Laguna Elementary School Rated A
  • 1.06 Acre Lot
  • Vaulted Ceiling

About This Home

As of January 2021

One of a kind, Turnkey, fully furnished investment. 9940 E Desert Cove Ave, Scottsdale, AZ 85260 is a single family home built in 1991 and completely remodeled in 2020. A rare find, this elegant estate in popular Cactus Acres sits on 1.06 acres of lushly landscaped grounds with diving pool, spa, firepit, citrus trees and sprawling lawn. Other Outdoor activities include grass volleyball, bags, ladder ball and life-size Jenga.Greet guests in the circular driveway surrounded by mature trees, grass, relaxing koi pond & an antique school bell sure to spark conversation. MAIN LEVEL consists of 5 bdrms, 5 bths, & huge game room with poker, ping pong, pool and a Pac-Man + 60 other arcade games! BASEMENT suite is complete with an oversized jacuzzi tub & steam shower. Separate 1000 sf guesthouse w/ large entertainment area, bathroom, and bedroom is accessible from backyard and motor court. This well maintained property is located 1/4 mile from highway 101, 5 minutes from the Waste Management Open & Barret Jackson Car Show/Auction, 10 minutes from Oldtown Scottsdale and 10 minutes from Top Golf/Talking Stick Casino. 15 minutes from PHX airport, . The home is centrally located from Scottsdale's most popular shopping and restaurants & several other activities. The associated airbnb listing is compliant with all applicable State of Arizona laws, guidelines and regulations. TPT License 21327783

Last Agent to Sell the Property

Ryan Gehris

Usrealty Estate Brokerage LLC License #BR583297000 Listed on: 09/22/2020

Last Buyer's Agent

Graciela Sawyer

HomeSmart License #SA691951000

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,923

Year Built

  • Built in 1991

Lot Details

  • 1.06 Acre Lot
  • Block Wall Fence
  • Private Yard
  • Grass Covered Lot

Parking

  • 7 Open Parking Spaces
  • 4 Car Garage
  • Circular Driveway

Home Design

  • Wood Frame Construction
  • Block Exterior
  • Stucco

Interior Spaces

  • 5,002 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • Double Pane Windows
  • Mountain Views
  • Finished Basement

Kitchen

  • Built-In Microwave
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 7 Bathrooms

Pool

  • Heated Spa
  • Heated Pool
  • Diving Board

Schools

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

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Guest House

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Cactus Acres Subdivision

Listing and Financial Details

  • Assessor Parcel Number 217-26-450-E

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,923

Year Built

Built in 1991

Lot Details

0

Parking

4

Listing Details

  • Cross Street: SHEA & 96TH ST
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: Y
  • Parking Spaces Slab Parking Spaces: 7.0
  • Parking Spaces Total Covered Spaces: 4.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1991
  • Spa Private: Yes
  • Tax Year: 2020
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.06
  • Subdivision Name: Cactus Acres
  • Property Attached Yn: No
  • Tax Parcel Letter: E
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Basement: Finished
  • Flooring: Carpet, Tile, Wood
  • Basement YN: Yes
  • Spa Features: Heated, Private
  • Possible Bedrooms: 8
  • Total Bedrooms: 8
  • Fireplace Features: 2 Fireplace
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Vaulted Ceiling(s), Kitchen Island, Full Bth Master Bdrm
  • Living Area: 5002.0
  • Stories: 1
  • Window Features: Skylight(s), Dual Pane
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Basement Description:Finished2: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Yard
  • Lot Features: Grass Front, Grass Back
  • Pool Features: Diving Pool, Heated, Private
  • View: Mountain(s)
  • Disclosures: None
  • Construction Type: Stucco, Wood Frame, Block
  • Other Structures: Separate Guest House
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Other
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Separate Guest House: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Circular Driveway
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Open Parking Spaces: 7.0
  • Parking Features:Circular Drive: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • 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

  • Land Lease: No
  • Lot Size Sq Ft: 46217.0
  • Parcel #: 217-26-450-E

Building Info

  • Builder Name: unk

Tax Info

  • Tax Annual Amount: 8923.0
  • Tax Book Number: 217.00
  • Tax Lot: 0
  • Tax Map Number: 26.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2023
Sold by
Sawyer Graciela and Sawyer Kenneth A
Bought by
Sawyer Kenneth A and Sawyer Graciela
Current Estimated Value
$2,969,720

Purchase Details

Listed on
Jan 16, 2019
Closed on
Nov 5, 2019
Sold by
Reed S Andrew and S Andrew Reed Living Trust
Bought by
Luxe Vacation Rentals Llc
Seller's Agent
Aimee Nairn
Compass
Buyer's Agent
Aaron Benson
Realty ONE Group
List Price
$1,285,000
Sold Price
$1,100,000
Premium/Discount to List
-$185,000
-14.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.90%
Original Mortgage
$1,100,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2006
Sold by
Reed Scott Andrew
Bought by
Reed S Andrew and S Andrew Reed Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
6.25%
Mortgage Type
Unknown

Purchase Details

Closed on
May 22, 2001
Sold by
Ashworth Robert Kent
Bought by
Reed Scott Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.62%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed $1,100,000 Premier Title Agency
Warranty Deed -- None Available
Warranty Deed $850,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,100,000 Commercial
Previous Owner $650,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2021 01/20/21 Sold $1,925,000 -23.0% $385 / Sq Ft
12/21/2020 12/21/20 Price Changed $2,500,000 0.0% $500 / Sq Ft
10/12/2020 10/12/20 Pending -- -- --
09/22/2020 09/22/20 For Sale $2,500,000 +127.3% $500 / Sq Ft
11/08/2019 11/08/19 Sold $1,100,000 -14.4% $204 / Sq Ft
10/02/2019 10/02/19 Pending -- -- --
01/15/2019 01/15/19 For Sale $1,285,000 -- $238 / 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 $5,667 $92,628 -- --
2024 $7,965 $88,217 -- --
2023 $7,965 $153,470 $30,690 $122,780
2022 $7,526 $117,670 $23,530 $94,140
2021 $8,634 $105,360 $21,070 $84,290
2020 $8,923 $104,880 $20,970 $83,910
2019 $8,010 $102,930 $20,580 $82,350
2018 $7,738 $97,630 $19,520 $78,110
2017 $7,385 $96,280 $19,250 $77,030
2016 $7,230 $91,530 $18,300 $73,230
2015 $6,853 $90,930 $18,180 $72,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6135676

Arizona Regional Multiple Listing Service (ARMLS)

APN: 217-26-450E