NOT LISTED FOR SALE

Estimated Value: $1,900,000 - $2,346,000

4 Beds
3.5 Baths
3,520 Sq Ft
$590/Sq Ft Est. Value

Last Sold February 07, 2023

Last sale price $1,970,000 $560 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $11,329/month

2 Days on Market

Highlights

  • Views of Red Rock
  • Vaulted Ceiling
  • Corner Lot
  • Manuel Demiguel Elementary School Rated A-
  • Spanish Architecture
  • Covered Patio or Porch

About This Home

As of February 2023

Fine home high up in the very desirable Palisades neighborhood of Sedona. This one is a must see as it has most everything high end buyers coming to Sedona are looking for. A good sized 4 bed/4ba home on a relatively larger parcel ( half acre+) featuring a ''to die for'' private patio with spectacular north facing red rock views. The patio is nicely landscaped and features a hot tub, water feature and a fire pit to enjoy in the cooler times. The patio is walled and offers a very private space to enjoy its views and amenities. Great venue for entertaining. The home features a grand entrance with 10 ft custom doors. The floor plan is split with a large owner's suite on one side of the home and a second large ensuite bedroom and 2 additional bedrooms on the other side. Delightful kitchen featuring fine cabinetry with granite tops, beautiful fireplace, a very spacious walk-in pantry, an island and breakfast nook. Just off of this area is a very large laundry room featuring an electric wall over and a 2nd frig and lots of additional cabinets for storage. From the kitchen area the home flows into the Great Room & formal dining area. Just off of this area is a separate executive office. Red rock views are abundant from inside the home, including from the owner's suite, the kitchen area, the dining area/Great room, plus from the office. I could go on and on. This one is simply a must see.

Last Agent to Sell the Property

Herbert Schock

RE/MAX Sedona License #SA577183000 Listed on: 01/22/2023

RE/MAX Sedona

Last Buyer's Agent

Brian Steves

RE/MAX Sedona License #SA661996000

RE/MAX Sedona

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,149

Year Built

  • Built in 1996

Lot Details

  • 0.52 Acre Lot
  • Corner Lot

Parking

  • 2 Car Garage
  • Garage Door Opener

Property Views

  • Red Rock
  • City

Home Design

  • Spanish Architecture
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,520 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Tile Flooring
  • Security System Owned

Kitchen

  • Breakfast Bar
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3.5 Bathrooms

Utilities

  • Cooling Available
  • Zoned Heating
  • Septic Tank
  • Cable TV Available

Additional Features

  • Stepless Entry
  • Covered Patio or Porch

Community Details

  • Palisades Subdivision

Listing and Financial Details

  • Assessor Parcel Number 40128003

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,149

Year Built

Built in 1996

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Year Built: 1996
  • Tax Year: 2022
  • Property Sub Type: Single Family Residence
  • Lot Size Acres: 0.52
  • Subdivision Name: Palisades
  • Architectural Style: Spanish
  • Efficiency: Multi-Zones
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • View Red RocksBoulders: Yes
  • Fireplace Features Gas Fireplace: Yes
  • View City2: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Accessibility Features: Zero-Grade Entry
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Interior Amenities: Breakfast Bar, Vaulted Ceiling(s), Wet Bar, Kitchen Island, Full Bth Master Bdrm
  • Living Area: 3520.0
  • Stories: 1
  • Window Features: Dual Pane
  • Kitchen Features:Kitchen Island: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Stucco, Wood Frame
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Ceiling Fan(s)
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Pvt Water Company
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump2: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 22651.0
  • Parcel #: 40128003

Tax Info

  • Tax Annual Amount: 6149.0
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2023
Closed on
Feb 7, 2023
Sold by
Falkner R Jerry R and Falkner Mary K
Bought by
Kevin R Potrzeba Declaration Of Trust
Seller's Agent
Herbert Schock
RE/MAX Sedona
Buyer's Agent
Brian Steves
RE/MAX Sedona
List Price
$1,970,000
Sold Price
$1,970,000
Views
63
Current Estimated Value
$2,063,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,214
Avg. Annual Appreciation
1.97%
Original Mortgage
$1,576,000
Outstanding Balance
$1,513,476
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$563,652

Purchase Details

Listed on
Jan 22, 2023
Closed on
Jan 17, 2023
Sold by
Falkner R Jerry R and Falkner Mary K
Bought by
Kevin R Potrzeba Declaration Of Trust and Potrzeba
Seller's Agent
Herbert Schock
RE/MAX Sedona
Buyer's Agent
Brian Steves
RE/MAX Sedona
List Price
$1,970,000
Sold Price
$1,970,000
Views
63

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,576,000
Outstanding Balance
$1,513,476
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$563,652

Purchase Details

Closed on
Jan 8, 2015
Sold by
Pearson John D and Pearson Laura
Bought by
Falkner R Jerry and Falkner Mary K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 24, 2011
Closed on
Jan 9, 2013
Sold by
Nicholus Robert H and Nicholus Diana L
Bought by
Pearson John and Pearson John D
Seller's Agent
Historical Agent - SVV
Historical Listings - SVV
Buyer's Agent
Brian Dante
RE/MAX Sedona
List Price
$1,395,000
Sold Price
$1,065,000
Premium/Discount to List
-$330,000
-23.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.39%
Original Mortgage
$852,000
Interest Rate
3.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2004
Sold by
Nicholus Robert and Nicholus Diana
Bought by
Nicholus Robert H and Nicholus Diana L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,450
Interest Rate
5.76%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 18, 2004
Sold by
Collins Peggy Stevens and Collins Chester F
Bought by
Nicholus Robert and Nicholus Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,450
Interest Rate
5.76%
Mortgage Type
Credit Line Revolving
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 Buyer Sale Price Title Company
Kevin R Potrzeba Declaration Of Trust -- Empire Title
Kevin R Potrzeba Declaration Of Trust $1,970,000 Empire Title
Falkner R Jerry $1,185,000 Yavapai Title Agency Inc
Pearson John $1,065,000 Stewart Title & Trust Of Pho
Nicholus Robert H -- Fidelity National Title
Nicholus Robert -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kevin R Potrzeba Declaration Of Trust $1,576,000
Closed Kevin R Potrzeba Declaration Of Trust $1,576,000
Previous Owner Falkner R Jerry $500,000
Previous Owner Pearson John $852,000
Previous Owner Nicholus Robert H $62,450
Previous Owner Nicholus Robert $500,000
Closed Nicholus Robert $31,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/07/2023 02/07/23 Sold $1,970,000 0.0% $560 / Sq Ft
01/24/2023 01/24/23 Pending -- -- --
01/22/2023 01/22/23 For Sale $1,970,000 +85.0% $560 / Sq Ft
01/31/2013 01/31/13 Sold $1,065,000 -23.7% $410 / Sq Ft View Prior Sale
11/11/2012 11/11/12 Pending -- -- --
06/24/2011 06/24/11 For Sale $1,395,000 -- $537 / 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 $6,100 $156,378 -- --
2024 $6,100 $154,218 -- --
2023 $6,149 $107,142 $0 $0
2022 $6,149 $83,578 $0 $0
2021 $6,170 $82,413 $0 $0
2020 $6,147 $83,616 $0 $0
2019 $5,973 $76,944 $0 $0
2018 $5,865 $75,495 $0 $0
2017 $5,826 $76,369 $0 $0
2016 $5,740 $70,010 $0 $0
2015 $5,848 $70,915 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 532130

Arizona Regional Multiple Listing Service (ARMLS)

APN: 401-28-003