NOT LISTED FOR SALE

238 Paramount Dr Sedona, AZ 86336

Broken Arrow Neighborhood

Estimated Value: $1,465,560

4 Beds
4 Baths
2,700 Sq Ft
$543/Sq Ft Est. Value

Last Sold November 13, 2024

Last sale price $1,450,000 $537 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,496/month

195 Days on Market

Highlights

  • Heated Spa
  • Mountain View
  • 2 Fireplaces
  • Manuel Demiguel Elementary School Rated A-
  • Wood Flooring
  • Corner Lot

About This Home

As of November 2024

Embrace Sedona's unrivaled charm with this exclusive turn-key mid-century heritage estate, uniquely embodying charm with timeless architecture and craftsmanship. Featuring a 3 BD main house and fabulous guest house, both exquisitely renovated, perched on over an acre of elevated living with unparalleled views of Red Rock wilderness. This retreat boasts a petite vineyard, resort-style patios, hot tub, natural stone waterfall, 3 outdoor fire-pits in a spectacular setting of stunning red rock panoramas. Enjoy modern comforts with recent energy-efficient HVAC, new upsized septic system, and more. A timeless home, designed to live large, awaits to enrich your life with its history, beauty, and panoramic views. Situated near the historic Broken Arrow trail, it's a property steeped in magic! ADDITIONAL FACTS:
- This iconic area of Sedona's "Broken Arrow" emerged as a standout hit of the 1950s, notable for one of the most popular 1950 movies, known for its groundbreaking depiction of the sympathetic perspective of American Indian life. The movie was called "Broken Arrow". This home is historical to Sedona.
- Quality furnishings available outside of escrow with a bill of sale: Enjoy a turn-key move in ready experience by purchasing furniture, art, décor, housewares (includes dishes, flatware, etc).
- Main House Renovated: 3 Bedrooms; 3.5 Baths; 1,900 SqFt
- Guest Cottage/House Renovated: 1 Bedroom; 1 Bath; Living Area; Full Kitchen; 800 SqFt.
- Outdoor space designed with peace and relaxation in mind
- 3 Fire-Pits
- Heated Hot Tub
- Water Features
- BBQ hooked up to natural gas
- Style: Updated & renovated Mid-Century charm crafted with the distinctive technique of weeping mortar, a testament to meticulous construction and timeless architectural elegance.
- Primary newer improvements made: New Energy efficient Heating and A/C in main house; new A/C & heating in guest house; new alternative septic system (up-sized the system and leach field. Main House offers its own Alternative septic system & the Guest House offers a conventional septic system); newer guest house roof; new recessed lighting throughout; electrical upgraded; added retaining wall; added pavered steps onto outdoor fireplace patio off main house
- 3 Carports; No Garage
- Ample Storage
- Natural gas cooktops
- Natural gas furnace for main house. Heat pump for guest house.
- Amazing storage room with temperature-controlled cooling; perfect as a wine cellar
- No HOA: There is a VOLUNTARY property owners association. The CCR's (deed restrictions) prohibit short term rentals (less than 30 day rentals) & also restrict renting the guest house, ensuring a serene environment to this special neighborhood.
- Broken Arrow Hiking: Experience the thrill of Sedona's Broken Arrow offering an unmatched rock-crawling journey through iconic red rocks with breathtaking 360-degree wilderness views. Local mountain bikers love the dramatic descent down the "Road of No Return," promising an unforgettable adventure.

Last Listed By

Jeanette Sauer

Russ Lyon Sotheby's International Realty License #SA644577000 Listed on: 04/08/2024

Russ Lyon Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,610

Year Built

  • Built in 1951

Lot Details

  • 1.14 Acre Lot
  • Desert faces the front of the property
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • 2,700 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Solar Screens
  • Mountain Views

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Granite Countertops

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 3 Carport Spaces

Accessible Home Design

  • Stepless Entry

Outdoor Features

  • Heated Spa
  • Covered patio or porch
  • Outdoor Storage

Schools

  • Out Of Maricopa Cnty Elementary And Middle School
  • Out Of Maricopa Cnty High School

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • Septic Tank

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Built by Shrode
  • Broken Arrow Hills Subdivision

Listing and Financial Details

  • Tax Lot 283
  • Assessor Parcel Number 401-24-023

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,610

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Cross Street: Morgan Road
  • Legal Info Range: 06E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 6.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1951
  • Spa Private: Yes
  • Tax Year: 2023
  • Directions: Scenic 179. EAST onto Morgan Rd (at Round-About). LEFT on Paramount Drive. First Home on Right (For Sale Sign). A Sedona Legacy Property in Broken Arrow.
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 1.14
  • Subdivision Name: Broken Arrow Hills
  • Architectural Style: Other (See Remarks)
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Flooring: Laminate, Tile, Wood
  • Basement YN: No
  • Spa Features: Heated, Private
  • Accessibility Features: Zero-Grade Entry
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: 2 Fireplace
  • Fireplace: Yes
  • Interior Amenities: Eat-in Kitchen, 3/4 Bath Master Bdrm, Granite Counters
  • Living Area: 2700.0
  • Stories: 1
  • Window Features: Sunscreen(s)
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:Arizona RoomLanai: Yes
  • Other Rooms:Separate Workshop: Yes

Exterior Features

  • Fencing: Other
  • Exterior Features: Covered Patio(s), Patio, Storage
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Corner Lot, Desert Front, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: None
  • Pool Private: No
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Storage: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Carport Spaces: 3.0
  • Open Parking Spaces: 6.0

Utilities

  • Cooling: Refrigeration
  • Heating: Natural Gas
  • Water Source: City Water, Pvt Water Company
  • Heating:Natural Gas: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Out of Maricopa Cnty
  • High School: Out of Maricopa Cnty
  • Junior High Dist: Out of Area
  • Middle Or Junior School: Out of Maricopa Cnty

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 49658.0
  • Parcel #: 401-24-023
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Shrode

Tax Info

  • Tax Annual Amount: 3610.0
  • Tax Book Number: 401.00
  • Tax Lot: 283
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2024
Closed on
Nov 6, 2024
Sold by
Sez Real Estate Llc
Bought by
Epstein Family Trust and Epstein
Seller's Agent
Jeanette Sauer
Russ Lyon Sotheby's International Realty
Buyer's Agent
Jeanette Sauer
Russ Lyon Sotheby's International Realty
List Price
$1,795,000
Sold Price
$1,450,000
Premium/Discount to List
-$345,000
-19.22%
Total Days on Market
195
Views
273
Current Estimated Value
$1,465,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,560
Avg. Annual Appreciation
2.40%

Purchase Details

Listed on
Aug 12, 2019
Closed on
Sep 12, 2019
Sold by
Darcy Stephen and Darcy Martha
Bought by
Sez Real Estate Llc
Seller's Agent
Jolynn Greenfield
Russ Lyon Sotheby's Intl Rlty
Buyer's Agent
Kaylie Hammond
Non-Member Office
List Price
$877,000
Sold Price
$866,400
Premium/Discount to List
-$10,600
-1.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.50%

Purchase Details

Listed on
Mar 21, 2018
Closed on
May 8, 2018
Sold by
Shrode Walter E and Plum Nancie L
Bought by
Garland Michael Isham and Garland Abigail Elizabeth
Seller's Agent
Christine Adams
Russ Lyon Sotheby's Intl Rlty
Buyer's Agent
Jolynn Greenfield
Russ Lyon Sotheby's Intl Rlty
List Price
$825,000
Sold Price
$815,000
Premium/Discount to List
-$10,000
-1.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.63%
Original Mortgage
$415,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2012
Sold by
Shrode Walter E and The Walter E Shrode Trust
Bought by
Shrode Walter E and Plum Nancie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 1999
Sold by
Shrode Walter E and Shrode Nancie L
Bought by
Shrode Walter E

Purchase Details

Closed on
Feb 15, 1994
Sold by
Shrode Katheryn J
Bought by
Shrode Walter E and Shrode Nancie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
7.18%
Mortgage Type
Seller Take Back

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
Epstein Family Trust $1,450,000 Stewart Title & Trust Of Phoen
Epstein Family Trust -- Stewart Title & Trust Of Phoen
Sez Real Estate Llc -- Pioneer Title Agency Inc
Darcy Stephen $866,400 Pioneer Title Agency Inc
Garland Michael Isham $815,000 Pioneer Title Agency
Shrode Walter E -- Yavapai Title Agency Inc
Shrode Walter E -- --
Shrode Walter E $189,000 Transamerica Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garland Michael Isham $415,000
Previous Owner Shrode Walter E $68,000
Previous Owner Shrode Walter E $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2024 11/13/24 Sold $1,450,000 -3.3% $537 / Sq Ft
10/21/2024 10/21/24 Pending -- -- --
09/27/2024 09/27/24 Price Changed $1,500,000 -6.3% $556 / Sq Ft
06/27/2024 06/27/24 Price Changed $1,600,000 -8.6% $593 / Sq Ft
04/24/2024 04/24/24 Price Changed $1,750,000 -2.5% $648 / Sq Ft
04/08/2024 04/08/24 For Sale $1,795,000 +107.2% $665 / Sq Ft
09/16/2019 09/16/19 Sold $866,400 -1.2% $456 / Sq Ft
08/30/2019 08/30/19 Pending -- -- --
08/28/2019 08/28/19 For Sale $877,000 0.0% $462 / Sq Ft
08/23/2019 08/23/19 Pending -- -- --
08/12/2019 08/12/19 For Sale $877,000 +7.6% $462 / Sq Ft
05/11/2018 05/11/18 Sold $815,000 -1.2% $429 / Sq Ft
03/24/2018 03/24/18 Pending -- -- --
03/21/2018 03/21/18 For Sale $825,000 -- $434 / 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
2024 $3,794 $120,456 -- --
2023 $3,610 $83,545 $0 $0
2022 $3,482 $61,333 $0 $0
2021 $3,374 $53,544 $0 $0
2020 $3,323 $52,454 $0 $0
2019 $2,856 $44,781 $0 $0
2018 $2,801 $43,677 $0 $0
2017 $2,802 $40,578 $0 $0
2016 $2,738 $37,658 $0 $0
2015 $2,600 $39,568 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6688113

Arizona Regional Multiple Listing Service (ARMLS)

APN: 401-24-023