NOT LISTED FOR SALE

9971 E Gray Rd Unit 21 Scottsdale, AZ 85260

Horizons Neighborhood

Estimated Value: $2,024,000 - $2,121,894

5 Beds
6 Baths
4,509 Sq Ft
$462/Sq Ft Est. Value

Last Sold December 11, 2023

Last sale price $1,885,000 $418 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $11,809/month

145 Days on Market

Highlights

  • Heated Pool
  • Gated Community
  • Fireplace in Primary Bedroom
  • Redfield Elementary School Rated A
  • Mountain View
  • Wood Flooring

About This Home

As of December 2023

Nestled on a premium corner lot in the heart of North Scottsdale's privately gated Madrid enclave, this masterfully crafted Sonoran retreat offers unique curb appeal complete with a personally designed light + landscape system, expansive paver driveway, custom Ferrari F1 Scuderia garage, iron-gated front courtyard, easy access to major freeways, a plethora of shopping, dining, entertainment & more! The desirable split floor plan is enhanced with custom archways, built-in niches, stone finishes, Macassar Ebony wood accents, an elite KEF 7.1 surround sound system, floor to ceiling porcelain tile fireplace & multiple french doors allowing seamless indoor + outdoor living. The chef's kitchen is equipped with a marble double waterfall island, built-in SubZero refrigerator -- R/O filtration, Viking cooktop, Miele and Cafe dual ovens, travertine + mother of pearl backsplash & abundant storage. Enjoy all ensuite bedrooms, a dedicated office/den & pristine primary suite with a built-in illuminated Macassar Ebony bed, relaxing fireplace, custom European design accents + niches, ample closet space & spa-like ensuite bathroom. The entertainer's resort-style backyard features a custom competitive bocce ball court, recently redone Pebble Tec pool & spa, waterfall / fire features, patio + rock surround sound speakers throughout, outdoor kitchen with Wolf grill + warming drawer, Subzero refrigerator & ample space to play or lounge. Don't miss your chance, this gem won't last long!

Last Agent to Sell the Property

David Arustamian

Russ Lyon Sotheby's International Realty License #BR662152000 Listed on: 06/14/2023

Russ Lyon Sotheby's International Realty

Co-Listed By

Frank Aazami

Compass License #SA581280000

Last Buyer's Agent

Christopher Paul

Realty ONE Group License #BR526805000

Realty ONE Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,444

Year Built

  • Built in 2004

Lot Details

  • 0.39 Acre Lot
  • Private Streets
  • Block Wall Fence
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard
  • Grass Covered Lot

HOA Fees

  • $182 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • 4 Open Parking Spaces
  • Garage Door Opener

Home Design

  • Santa Barbara Architecture
  • Room Addition Constructed in 2022
  • Wood Frame Construction
  • Spray Foam Insulation
  • Tile Roof

Interior Spaces

  • 4,509 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • 2 Fireplaces
  • Mountain Views

Kitchen

  • Kitchen Updated in 2022
  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island

Flooring

  • Floors Updated in 2023
  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Bathroom Updated in 2022
  • Primary Bathroom is a Full Bathroom
  • 6 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Accessible Home Design

  • Accessible Hallway
  • Stepless Entry

Pool

  • Pool Updated in 2022
  • Heated Pool
  • Fence Around Pool
  • Pool Pump
  • Heated Spa

Outdoor Features

  • Covered Patio or Porch
  • Fire Pit
  • Built-In Barbecue

Schools

  • Cheyenne Elementary School
  • Desert Canyon Middle School
  • Desert Mountain High School

Utilities

  • Cooling System Updated in 2023
  • Central Air
  • Heating System Uses Natural Gas
  • Water Softener
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 217-50-755

Community Details

Overview

  • Association fees include ground maintenance, street maintenance
  • Brown Comm Mgmt Association, Phone Number (480) 539-1396
  • Built by Hancock Builders
  • Madrid Subdivision, Tuscon Floorplan

Recreation

  • Bike Trail

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,444

Year Built

Built in 2004

Lot Details

0

HOA Fees

$182 per month

Parking

3

Listing Details

  • Cross Street: Thunderbird Rd & Thompson Peak Pkwy
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 181.5
  • Basement: N
  • Bathrooms Year Updated: 2022
  • Items Updated Floor Yr Updated: 2023
  • Items Updated Ht Cool Yr Updated: 2023
  • Items Updated Kitchen Yr Updated: 2022
  • Items Updated Pool Yr Updated: 2022
  • Items Updated Rm Adtn Yr Updated: 2022
  • Items Updated Roof Yr Updated: 2020
  • Parking Spaces Slab Parking Spaces: 4.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2004
  • Spa Private: Yes
  • Tax Year: 2022
  • Directions: Heading (N) on 94th St, turn (R) on Thunderbird Rd. Continue through the gate to Gray Rd, property is the 5th on the (R).
  • Master Model: Tuscon
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.39
  • Co List Office Mls Id: lyon19
  • Co List Office Phone: 480-287-5200
  • Subdivision Name: Madrid
  • Architectural Style: Santa Barbara/Tuscan
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 544.5
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Fireplace Features Fireplace Master Bdr: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Stone, Wood
  • Basement YN: No
  • Possible Use: None
  • Spa Features: Heated, Private
  • Appliances: Gas Cooktop
  • Accessibility Features: Zero-Grade Entry, Accessible Hallway(s)
  • Possible Bedrooms: 6
  • Total Bedrooms: 5
  • Fireplace Features: Fire Pit, Other, 2 Fireplace, Family Room, Master Bedroom
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Double Vanity, Breakfast Bar, Soft Water Loop, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
  • Living Area: 4509.0
  • Stories: 1
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Kitchen Features:Gas Stub for Range: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Fireplace Features:Fire Pit: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Other, Private Street(s), Private Yard, Built-in Barbecue
  • Lot Features: Corner Lot, Gravel/Stone Back, Grass Front, Grass Back, Auto Timer H2O Back, Irrigation Front, Irrigation Back
  • Pool Features: Fenced, Heated
  • Pool Private: Yes
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Spray Foam Insulation, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • 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:Private Street(s): Yes
  • Construction:Spray Foam Insulatn: Yes
  • Exterior Features:Other6: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Garage Door Opener, Direct Access
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 4.0
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Security: Fire Sprinkler System
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Gated, Biking/Walking Path
  • Association Fee: 544.5
  • Association Fee Frequency: Quarterly
  • Association Name: Madrid HOA
  • Phone: 480-939-6057
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Madrid HOA
  • Association Fees:HOA Telephone4: 480-939-6057
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 544.5
  • Association Fees:Disclosure Fees HOA: 190.0
  • Association Fees:Other Fees HOA: 185.0
  • Association Fees:Other Fees Description: Resale/New Owner Fee
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Brown Comm Mgmt
  • Association Fees:HOA Management Phone: 480-539-1396
  • Association Fee Incl:Street Maint: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Street Maint

Schools

  • Elementary School: Cheyenne Elementary School
  • High School: Desert Mountain High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Desert Canyon Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 16945.0
  • Parcel #: 217-50-755

Green Features

  • Green Water Conservation: Recirculation Pump

Building Info

  • Builder Name: Hancock Builders

Tax Info

  • Tax Annual Amount: 6444.0
  • Tax Book Number: 217.00
  • Tax Lot: 21
  • Tax Map Number: 50.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2023
Closed on
Dec 11, 2023
Sold by
Mark David Madkour Trust
Bought by
Arabyan Vartan and Sanosian Shacke
Seller's Agent
David Arustamian
Russ Lyon Sotheby's International Realty
Buyer's Agent
Christopher Paul
Realty ONE Group
List Price
$2,500,000
Sold Price
$1,885,000
Premium/Discount to List
-$615,000
-24.6%
Views
75
Current Estimated Value
$2,084,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,298
Avg. Annual Appreciation
5.71%
Original Mortgage
$1,500,000
Outstanding Balance
$1,476,454
Interest Rate
7.79%
Mortgage Type
Construction
Estimated Equity
$607,844

Purchase Details

Listed on
Jun 14, 2023
Closed on
Oct 17, 2023
Sold by
Flw Gray Llc
Bought by
Trust For Mark David Madkour and Madkour
Seller's Agent
David Arustamian
Russ Lyon Sotheby's International Realty
Buyer's Agent
Christopher Paul
Realty ONE Group
List Price
$2,500,000
Sold Price
$1,885,000
Premium/Discount to List
-$615,000
-24.6%
Views
75

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,476,454
Interest Rate
7.79%
Mortgage Type
Construction
Estimated Equity
$607,844

Purchase Details

Closed on
Nov 13, 2014
Sold by
Madkour Mark David
Bought by
Flw Gray Llc

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
4.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2004
Sold by
Meritage Homes Of Arizona Inc
Bought by
Madkour Mark David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,600
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2004
Sold by
Taro Properties Arizona I Llc
Bought by
Hancock-Mth Builders Inc
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Arabyan Vartan $1,885,000 Premier Title Agency
Trust For Mark David Madkour -- None Listed On Document
Flw Gray Llc -- None Available
Madkour Mark David $794,506 First American Title Ins Co
Hancock-Mth Builders Inc $848,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arabyan Vartan $1,500,000
Previous Owner Flw Gray Llc $160,000
Previous Owner Madkour Mark David $635,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2023 12/11/23 Sold $1,885,000 -3.3% $418 / Sq Ft
11/20/2023 11/20/23 Off Market $1,950,000 -- --
11/07/2023 11/07/23 Pending -- -- --
11/04/2023 11/04/23 Price Changed $1,950,000 -9.3% $432 / Sq Ft
10/26/2023 10/26/23 Price Changed $2,150,000 -4.4% $477 / Sq Ft
09/28/2023 09/28/23 Price Changed $2,250,000 -10.0% $499 / Sq Ft
08/20/2023 08/20/23 Price Changed $2,500,000 0.0% $554 / Sq Ft
08/20/2023 08/20/23 For Sale $2,500,000 -3.8% $554 / Sq Ft
08/19/2023 08/19/23 Off Market $2,600,000 -- --
07/29/2023 07/29/23 Price Changed $2,600,000 -5.5% $577 / Sq Ft
06/14/2023 06/14/23 For Sale $2,750,000 -- $610 / 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 $6,911 $111,018 -- --
2024 $6,825 $105,732 -- --
2023 $6,825 $123,880 $24,770 $99,110
2022 $6,444 $99,630 $19,920 $79,710
2021 $6,884 $96,630 $19,320 $77,310
2020 $6,819 $91,280 $18,250 $73,030
2019 $6,559 $88,570 $17,710 $70,860
2018 $6,332 $85,730 $17,140 $68,590
2017 $6,039 $86,700 $17,340 $69,360
2016 $6,510 $79,580 $15,910 $63,670
2015 $5,597 $77,530 $15,500 $62,030
Source: Public Records

Agents Affiliated with this Home

  • David Arustamian

    Seller's Agent in 2023

    David Arustamian

    Russ Lyon Sotheby's International Realty

    (480) 331-0707

    3 in this area

    434 Total Sales

    David Arustamian
    Section Image
  • Frank Aazami

    Seller Co-Listing Agent in 2023

    Frank Aazami

    Compass

    (480) 266-0240

    2 in this area

    230 Total Sales

    Frank Aazami
    Section Image
  • Christopher Paul

    Buyer's Agent in 2023

    Christopher Paul

    Realty One Group

    (602) 559-8073

    3 in this area

    68 Total Sales

    Christopher Paul
    Section Image

  • C

    Buyer Co-Listing Agent in 2023

    Connor Paul

    Realty One Group

    (602) 323-6205

    3 in this area

    68 Total Sales

    Connor Paul
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6558755

Arizona Regional Multiple Listing Service (ARMLS)

APN: 217-50-755

Arizona Maricopa County Scottsdale 85260 Horizons

9971 E Gray Rd Unit 21, Scottsdale, AZ

This home is located at 9971 E Gray Rd Unit 21, Scottsdale, AZ 85260 since 14 June 2023 and is currently estimated at $2,084,298, approximately $462 per square foot. This property was built in 2004. 9971 E Gray Rd Unit 21 is a home located in Maricopa County with nearby schools including Redfield Elementary School, Desert Canyon Middle School, and Desert Mountain High 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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