NOT LISTED FOR SALE

Estimated Value: $1,063,000 - $1,388,000

5 Beds
4 Baths
5,440 Sq Ft
$230/Sq Ft Est. Value

Last Sold May 18, 2023

Last sale price $1,100,000 $202 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,109/month

289 Days on Market

Highlights

  • RV Access or Parking
  • Waterfront
  • Vaulted Ceiling
  • Oak Creek School Rated 9+
  • 1.91 Acre Lot
  • Wood Flooring

About This Home

As of May 2023

Come to this Creekside Property & live on your own slice of Heaven, in the celestial & glorious Cornville Arizona. This property was owned by the famous Audio Dolby Sound Inventor Jim Fosgate. Pure MAGIC was created in these walls! An incredible 5,440 sq ft home on a large 1.91 Acre property, on roaring Oak Creek, is available! This large home can be a family home, or the downstairs Private Family Quarter's can possibly be utilized as a fruitful Short Term Rental (NO HOA!) & your Primary home on the Main Level. The Main level boasts an amazing Master Suite with a Fireplace, built-in glass shelves, Private deck, large walk-in closet, huge custom Bathroom, w/wood floors, a deep custom tub, large 3 head shower, dual sinks w/vanity area, private commode & much more. SEE SUPPLEMENT FOR MORE The 2nd bedroom is Ensuite, light & bright w/a nice closet....The Main floor also offers a Gourmet Kitchen w/all Stainless Appliances including huge Kitchenaid fridge, gas 5 burner stovetop, dual Microwave & Gas Oven, 2 Fisher-Paykel Dishwashers & Wine fridge, huge Breakfast Bar, a ton of counter space, RO, and opens to the spacious Living Room. This Living Room has a gas Fireplace, a huge niche for a large TV & systems, built-in glass shelves, a large upper niche, and a beautiful View of the Creek, trees and the Mountains. Also on the Main level, you have a full Den, Formal Dining, a storage friendly Laundry Room with a full sink, Central Vac, Soft water, a covered wrap around Deck & a large 3 car Garage, and much more. On the Lower Level, you will find THE HIDDEN GEM. The Private Family Quarter's, on the lower level offers 2 bedrooms, 2 bathrooms, a Media Room, large and bright Family room with outdoor access to the large covered patio, a lovely Kitchen, Laundry room off the Foyer, a huge storage/multipurpose room, 2 huge workshops/utility rooms, a large utility shop with garage door access, and a huge mechanical room with storage shelves. There is a small 2nd driveway for private access to the lower level, and partial access to Oak Creek, flowing in your backyard. Also, 3 HVAC systems, a BRAND NEW ROOF, and more....This is THE ONE!

Last Agent to Sell the Property

Steve Doyle

Russ Lyon Sotheby's International Realty Listed on: 08/02/2022

Russ Lyon Sotheby's International Realty

Last Buyer's Agent

Steve Doyle

Russ Lyon Sotheby's International Realty Listed on: 08/02/2022

Russ Lyon Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,836

Year Built

  • Built in 2001

Lot Details

  • 1.91 Acre Lot
  • Waterfront

Parking

  • 3 Car Garage
  • Garage Door Opener
  • RV Access or Parking

Home Design

  • Wood Frame Construction
  • Stucco

Interior Spaces

  • 5,440 Sq Ft Home
  • Central Vacuum
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Bar
  • Built-In Microwave

Flooring

  • Wood
  • Carpet
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 4 Bathrooms
  • Bathtub With Separate Shower Stall

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Cooling Available
  • Zoned Heating
  • Heating System Uses Propane
  • Propane
  • Well
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Under 5 Acres Subdivision

Listing and Financial Details

  • Tax Lot 119H
  • Assessor Parcel Number 40709119h

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,836

Year Built

Built in 2001

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Association Fees Land Lease Fee: N
  • Basement: Y
  • Year Built: 2001
  • Tax Year: 2021
  • Property Sub Type: Single Family Residence
  • Lot Size Acres: 1.91
  • Subdivision Name: Under 5 Acres
  • Efficiency: Multi-Zones
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Utilities Butane Propane: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Special Features: None
  • Stories: 0

Interior Features

  • Basement: Walk-Out Access, Finished, Full
  • Flooring: Carpet, Tile, Wood, Concrete
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Other, Gas
  • Fireplace: Yes
  • Interior Amenities: Breakfast Bar, Central Vacuum, Vaulted Ceiling(s), Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 5440.0
  • Window Features: Dual Pane
  • Kitchen Features:Built-in Microwave: Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:BonusGame Room: Yes
  • Other Rooms:Separate Workshop: Yes
  • Basement Description:Walkout: Yes
  • Basement Description:Finished2: Yes
  • Basement Description:Full: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Exterior Features: Other
  • Lot Features: Waterfront Lot
  • Waterfront: Yes
  • Construction Type: Stucco, Wood Frame
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Rolled/Hot Mop
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Other6: Yes

Garage/Parking

  • Parking Features: RV Access/Parking, Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:RV AccessParking: Yes

Utilities

  • Utilities: Propane
  • Cooling: Ceiling Fan(s)
  • Heating: Propane
  • Laundry Features: Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Onsite Well
  • Sewer Septic Tank: Yes
  • Heating:Propane: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 83200.0
  • Parcel #: 40709119h

Green Features

  • Green Water Conservation: Recirculation Pump

Tax Info

  • Tax Annual Amount: 6836.0
  • Tax Lot: 119H

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2022
Closed on
May 11, 2023
Sold by
Warburton Susan
Bought by
Del Monaco Family Trust
Seller's Agent
Steve Doyle
Russ Lyon Sotheby's International Realty
Buyer's Agent
Steve Doyle
Russ Lyon Sotheby's International Realty
List Price
$1,600,000
Sold Price
$1,100,000
Premium/Discount to List
-$500,000
-31.25%
Views
115
Current Estimated Value
$1,253,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,552
Avg. Annual Appreciation
5.30%
Original Mortgage
$650,000
Outstanding Balance
$631,561
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$621,991

Purchase Details

Listed on
Aug 2, 2022
Closed on
May 1, 2023
Sold by
Fosgate Norma and Warburton Susan
Bought by
Del Monaco Family Trust and Del Monaco
Seller's Agent
Steve Doyle
Russ Lyon Sotheby's International Realty
Buyer's Agent
Steve Doyle
Russ Lyon Sotheby's International Realty
List Price
$1,600,000
Sold Price
$1,100,000
Premium/Discount to List
-$500,000
-31.25%
Views
115

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
Outstanding Balance
$631,561
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$621,991

Purchase Details

Closed on
Apr 23, 2016
Sold by
Olson Donald W and Olson Mary E
Bought by
Fosgate Jim and Fosgate Norma
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Del Monaco Family Trust $1,100,000 Empire Title
Del Monaco Family Trust $1,100,000 Empire Title
Fosgate Jim $896,000 Pioneer Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Del Monaco Family Trust $650,000
Closed Del Monaco Family Trust $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/18/2023 05/18/23 Sold $1,100,000 -31.3% $202 / Sq Ft
05/18/2023 05/18/23 Pending -- -- --
08/02/2022 08/02/22 For Sale $1,600,000 +78.6% $294 / Sq Ft
08/05/2016 08/05/16 Sold $896,000 -18.5% $165 / Sq Ft View Prior Sale
08/04/2016 08/04/16 Pending -- -- --
04/24/2015 04/24/15 For Sale $1,100,000 -- $202 / 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
2026 $6,411 $131,134 -- --
2024 $6,764 $123,192 -- --
2023 $6,764 $97,161 $8,223 $88,938
2022 $6,651 $77,906 $6,303 $71,603
2021 $6,837 $72,110 $6,747 $65,363
2020 $6,717 $0 $0 $0
2019 $6,600 $0 $0 $0
2018 $6,357 $0 $0 $0
2017 $6,098 $0 $0 $0
2016 $5,333 $0 $0 $0
2015 -- $0 $0 $0
2014 $4,730 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 530876

Arizona Regional Multiple Listing Service (ARMLS)

APN: 407-09-119H