$650,000
SOLD MAR 14, 2025

1516 E Paradise Ln Phoenix, AZ 85022

Paradise Valley Neighborhood
1.44 Acres
$451,389 Price per Acre
62,726 Sq Ft Lot

Recently Sold

13% Below List Price

122 Days on Market

Highlights

  • 1.44 Acre Lot
  • Level Lot
  • 3-minute walk to Paradise Valley Park
  • Mountain View
  • East or West Exposure

About This Lot

As of March 2025

Prime Building Opportunity! An incredible chance to develop six homes, with complete plans ready for execution. This is ideal for a small builder or anyone looking to create a charming rental community. Each home offers approximately 3,000 square feet, featuring three bedrooms, an office/den, four and a half bathrooms, spacious view decks, and two-car garages with direct access. While the subdivision is platted as a condominium, all homes are free-standing with no shared walls. Lookout Mountain views and within walking distance to hiking trails.

Last Agent to Sell the Property

Scott Grigg

Griggs's Group Powered by The Altman Brothers License #SA561582000

Co-Listed By

Kevin Petruska

Griggs's Group Powered by The Altman Brothers License #SA536255000

Last Buyer's Agent

Non-Represented Buyer

Non-MLS Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,876

Lot Details

  • 1.44 Acre Lot
  • East or West Exposure
  • Level Lot
  • 6 Lots in the community
  • Additional Parcels
  • Property is zoned R1-10

Schools

  • Aire Libre Elementary School
  • Greenway Middle School
  • North Canyon High School

Additional Features

  • Mountain Views
  • North or South Exposure

Community Details

  • Property has a Home Owners Association
  • Paradise Lane Villas Association
  • Paradise Lane Villas Condominium Subdivision

Listing and Financial Details

  • Assessor Parcel Number 214-15-393-A

Property Details

Property Type

Land

Est. Annual Taxes

$3,876

Lot Details

0

Listing Details

  • Cross Street: 16TH ST & GREENWAY PKWY
  • Legal Info Range: 3E
  • Property Type: Land
  • Development Status: See Remarks, Subdivision Plat Apv, Plans Included, Off Site Imp Needed, On Site Imp Needed
  • Topography: Level
  • Zoning: R1-10
  • Tax Year: 2023
  • Directions: FROM GREENWAY PKWY, GO SOUTH ON 16TH ST. TURN RIGHT ONTO PARADISE LN. LOT WILL BE ON THE RIGHT (NORTH) SIDE OF STREET.
  • Horses: No
  • Lot Size Acres: 1.44
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: ggpb001
  • Co List Office Phone: 480-788-0929
  • Subdivision Name: PARADISE LANE VILLAS CONDOMINIUM
  • Tax Parcel Letter: A
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: See Remarks, Single Family, Multi-Family

Exterior Features

  • Fencing: None
  • Lot Features: East/West Exposure, North/South Exp
  • View: Mountain(s)
  • Disclosures: Development Pln Aval
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • HOA Paid Frequency: Monthly
  • HOA Telephone: 000-000-0000
  • Association Fee Frequency: Monthly
  • Association Name: PARADISE LANE VILLAS
  • Phone: 000-000-0000
  • Association: Yes

Schools

  • Elementary School: Aire Libre Elementary School
  • High School: North Canyon High School
  • Junior High Dist: Paradise Valley Unified District
  • Middle Or Junior School: Greenway Middle School

Lot Info

  • Lot Size: EACH LOT 2305 SF
  • Lot Size Sq Ft: 62516.0
  • Number Of Lots: 6
  • Additional Parcels: Yes
  • Parcel #: 214-15-393-A
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3876.0
  • Tax Book Number: 214.00
  • Tax Lot: -
  • Tax Map Number: 15.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2025 03/14/25 Sold $650,000 -7.8% --
02/03/2025 02/03/25 Pending -- -- --
01/31/2025 01/31/25 Price Changed $705,000 -6.0% --
11/26/2024 11/26/24 For Sale $750,000 0.0% --
11/06/2024 11/06/24 Pending -- -- --
11/01/2024 11/01/24 For Sale $750,000 0.0% --
10/04/2024 10/04/24 Pending -- -- --
10/04/2024 10/04/24 For Sale $750,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6766879

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85022 Paradise Valley

1516 E Paradise Ln, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 1516 E Paradise Ln, Phoenix, AZ 85022 and is currently priced at $650,000. 1516 E Paradise Ln is a home located in Maricopa County with nearby schools including Campo Bello Elementary School, Greenway Middle School, and North Canyon 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