NOT LISTED FOR SALE

9971 E Gray Rd Unit 21 Scottsdale, AZ 85260

Horizons Neighborhood

Estimated Value: $1,824,000 - $2,134,621

5 Beds
6 Baths
4,509 Sq Ft
$432/Sq Ft Est. Value

Sale Details

Date Sold: December 11, 2023

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

Est. 3% increase in value since last sale

Current estimated payment $11,491 / mo

145 Days on Market

Highlights

  • Heated Spa
  • Reverse Osmosis System
  • Mountain View
  • Redfield Elementary School Rated A
  • 0.39 Acre Lot
  • Fireplace in Primary Bedroom

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

  • 16,945 Sq Ft 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

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
  • Formal Dining Room
  • Mountain Views
  • Fire Sprinkler System

Kitchen

  • Kitchen Updated in 2022
  • Breakfast Bar
  • Walk-In Pantry
  • Built-In Oven
  • Gas Oven
  • Gas Cooktop
  • Gas Stub for Range
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal
  • Reverse Osmosis System

Flooring

  • Floors Updated in 2023
  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Split Bedroom Floorplan
  • Bathroom Updated in 2022
  • Primary Bathroom is a Full Bathroom
  • Double Vanity
  • Private Water Closet
  • Jettted Tub and Separate Shower in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Laundry

  • Dryer
  • Washer

Pool

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

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
  • Gas Water Heater
  • Water Softener is Owned
  • High Speed Internet
  • Satellite Dish

Additional Features

  • Stepless Entry
  • North or South Exposure

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,444

Year Built

Built in 2004

Lot Details

0.39 Acres

HOA Fees

$182 per month

Parking

3

Listing Details

  • Cross Street: Thunderbird Rd & Thompson Peak Pkwy
  • Property Type: Residential
  • Ownership: Fee Simple
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 181.5
  • 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
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2004
  • Tax Year: 2022
  • 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
  • General Property Description:PriceSqFt: 418.05
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: Central Air
  • Other Rooms:Other Rooms: Family Room
  • Technology:Technology: Sat Dish TV Ownd, High Speed Internet, Ntwrk Wrng Multi Rms
  • Plumbing:Plumbing: Recirculation Pump, Gas Hot Water Heater
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Stone, Wood
  • Basement YN: No
  • Possible Use: None
  • Spa Features: Private, Heated
  • Appliances: Dishwasher, Disposal, Refrigerator, Gas Cooktop, Gas Stub for Range, Microwave, Reverse Osmosis, Gas Oven, Gas Range, Washer, Dryer, Water Softener Owned
  • Accessibility Features: Zero-Grade Entry
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Master Bedroom, Fire Pit, Other
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Full Bth Master Bdrm, Separate Shwr & Tub, Double Vanity, Tub with Jets, Breakfast Bar, Pantry, Kitchen Island, Walk-in Pantry, High Speed Internet
  • Living Area: 4509.0
  • Stories: 1
  • Dining Area:Dining Area: Formal, Breakfast Bar
  • Interior Features:Interior Features: Fire Sprinkler System, Water Softener Owned, Soft Water Loop
  • Kitchen Features:Kitchen Features: Dishwasher, Disposal, Refrigerator, Pantry, Kitchen Island, Range/Oven Elec, Gas Cooktop, Gas Stub for Range, Built-in Microwave, Reverse Osmosis, Wall Oven(s), Multiple Ovens, Walk-in Pantry, Gas Oven, Gas Range
  • Laundry:Laundry: Washer Included, Dryer Included
  • Master Bathroom:Master Bathroom: Full Bth Master Bdrm, Separate Shwr & Tub, Double Vanity, Tub with Jets, Private Toilet Room
  • Master Bedroom:Master Bedroom: Split

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Street(s), Private Yard, Other, Built-in Barbecue
  • Lot Features: Corner Lot, North/South Exposure, Gravel/Stone Back, Grass Front, Grass Back, Auto Timer H2O Back, Irrigation Front, Irrigation Back
  • Pool Features: Fenced, Heated, Variable Speed Pump
  • Pool Private: Yes
  • View: Mountain(s)
  • Disclosures: Seller Discl Avail, Agency Discl Req
  • Common Walls: All on One Level
  • Construction Type: Wood Frame, Spray Foam Insulation, Painted
  • Patio And Porch Features: Patio, Covered Patio(s)
  • Roof: Tile
  • General Property Description:Community Pool YN2: No
  • General Property Description:Private Pool YN2: Yes
  • Private Pool Features:Private Pool Features: Fenced, Heated, Variable Speed Pump

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

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Security: Fire Sprinkler System
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public
  • Utilities:Utilities: APS, SW Gas

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 DisclosureAddendum Affirmation: Yes
  • 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 Fees:HOA Management Company: Brown Comm Mgmt
  • Association Fees:HOA Management Phone: 480-539-1396

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: 217.0
  • Tax Lot: 21
  • Tax Map Number: 50.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2023
Closed on
Dec 11, 2023
Sold by
Bought by
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
74
Current Estimated Value
$1,949,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,905
Avg. Annual Appreciation
1.29%
Original Mortgage
$1,500,000
Interest Rate
0.0779%
Mortgage Type
Construction

Purchase Details

Listed on
Jun 14, 2023
Closed on
Oct 17, 2023
Sold by
Bought by
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
74

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
Interest Rate
0.0779%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 13, 2014
Sold by
Bought by

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
0.0411%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2004
Sold by
Bought by

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
0.0575%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2004
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,885,000 Premier Title Agency
-- None Listed On Document
-- None Available
$794,506 First American Title Ins Co
$848,400 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,500,000
Closed $1,500,000
Previous Owner $160,000
Previous Owner $400,000
Previous Owner $300,000
Previous Owner $635,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,240 $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

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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

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