NOT LISTED FOR SALE

40777 N 108th Way Unit 61 Scottsdale, AZ 85262

Desert Mountain Neighborhood

Estimated Value: $2,512,000 - $3,501,000

0.71 Acre
$4,431,151 Price per Acre
30,928 Sq Ft Lot

Last Sold November 19, 2015

Last sale price $150,000

Est. 1,997% increase in value since last sale

Current estimated payment $17,862/month

38 Days on Market

Highlights

  • Golf Course Community
  • Gated with Attendant
  • Cul-De-Sac
  • Black Mountain Elementary School Rated A-
  • Mountain View
  • Property is near a preserve or public land

About This Lot

As of November 2015

Interior Custom Homesite almost 3/4 acre with a very generous 20,000 SF building envelope is slightly elevated offering panoramic mountain views. Actual homesite feels much large backing to protected 7.66 acres of NAOS plus combined with prime cul de sac location enhances privacy. Orientation of lot provides design options for multiple outdoor living areas to be enjoyed year round. Convenient location in heart of community minutes to all amenities. Homesite should be walked to truly experience its highlights. An Equity Golf Membership is available through Desert Mountain Club which provides access 6 golf courses & clubhouses, tennis & fitness CTR, trails & equestrian CTR.

Last Agent to Sell the Property

Donna LeGate

Compass License #BR006874000 Listed on: 07/29/2015

Compass

Co-Listed By

Cheryl D'Anna

Russ Lyon Sotheby's International Realty License #SA041552000

Last Buyer's Agent

Brian Herrera

HomeSmart License #SA627774000

HomeSmart

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $934

Lot Details

  • 0.71 Acre Lot
  • Cul-De-Sac
  • Gentle Sloping Lot

HOA Fees

  • $218 Monthly HOA Fees

Schools

  • Black Mountain Elementary School
  • Sonoran Trails Middle School
  • Cactus Shadows High School

Additional Features

  • Mountain Views
  • Property is near a golf course

Listing and Financial Details

  • Tax Lot 61
  • Assessor Parcel Number 219-56-421

Community Details

Overview

  • Desert Mtn M.A. Association, Phone Number (480) 595-4000
  • Desert Mountain Subdivision
  • Property is near a preserve or public land
  • Greenbelt

Recreation

  • Golf Course Community

Security

  • Gated with Attendant

Property Details

Property Type

Land

Est. Annual Taxes

$934

Lot Details

0

HOA Fees

$218 per month

Listing Details

  • Cross Street: Pima and Cave Creek Roads
  • Legal Info Range: 5E
  • Property Type: Land
  • Development Status: Other, See Remarks, Subdivision Plat Apv
  • Topography: Gentle Sloping
  • Zoning: RES
  • Tax Year: 2014
  • Directions: North on Pima Rd, East on Cave Creek Rd, Left to Desert Mountain Pkwy to guard gate for map.
  • Horses: No
  • Lot Size Acres: 0.71
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Co List Office Mls Id: lyon09
  • Co List Office Phone: 480-488-2998
  • Subdivision Name: DESERT MOUNTAIN
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family
  • Land Features:Gated Community3: Yes

Exterior Features

  • Fencing: None
  • Lot Features: Other, See Remarks, Cul-De-Sac, Golf Course Subd, Mountain View(s), Gated Community, Guarded Entry, Borders Pres/Pub Lnd, Greenbelt
  • Disclosures: Seller Prop Disc Stm
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Annual HOA Fees: 1307.16
  • HOA Paid Frequency: Semi-Annually
  • HOA Telephone: 480-595-4000
  • HOA Transfer Fee: 750.0
  • Association Fee: 1307.16
  • Association Fee Frequency: Semi-Annually
  • Association Name: Desert Mtn M.A.
  • Phone: 480-595-4000
  • Association: Yes

Schools

  • Elementary School: Black Mountain Elementary School
  • High School: Cactus Shadows High School
  • Junior High Dist: Cave Creek Unified District
  • Middle Or Junior School: Sonoran Trails Middle School

Lot Info

  • Lot Size: IRR
  • Horse Amenities: Other, See Remarks
  • Lot Size Sq Ft: 30762.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 219-56-421
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 934.0
  • Tax Book Number: 219.00
  • Tax Lot: 61
  • Tax Map Number: 56.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2019
Sold by
Vena Michael J and Vena Jason J
Bought by
Newman Michael and Newman Beth
Current Estimated Value
$3,146,117

Purchase Details

Closed on
Mar 9, 2018
Sold by
Vena Burnice and Vena Michael J
Bought by
Vena Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,419,500
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2018
Sold by
Desert Mountain Partners I Llc
Bought by
Mortensen Signature Homes Of Arizona Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,419,500
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 29, 2015
Closed on
Nov 10, 2015
Sold by
Benz Karen B and Benz George B
Bought by
Desert Mountain Partners I Llc
Seller's Agent
Donna LeGate
Compass
Buyer's Agent
Brian Herrera
HomeSmart
List Price
$180,000
Sold Price
$150,000
Premium/Discount to List
-$30,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.60%

Purchase Details

Closed on
Sep 28, 2011
Sold by
Mystic Developments Llc
Bought by
Benz Karen B and Benz George B

Purchase Details

Closed on
Dec 29, 2009
Sold by
Grumbacher Ronald H and Grumbacher Mary L
Bought by
Mystic Developments Llc

Purchase Details

Closed on
May 12, 2003
Sold by
812189 Alberta Ltd
Bought by
Grumbacher Ronald H and Grumbacher Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
5.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 1998
Sold by
Carob Properties Ltd
Bought by
812189 Alberta Ltd
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Newman Michael $1,729,000 Fidelity Natl Ttl Agcy Inc
Vena Michael J -- First Arizona Title Agency L
Vena Jason J -- First Arizona Title Agency L
Vena Jason J $1,670,000 First Arizona Title Agency L
Mortensen Signature Homes Of Arizona Llc -- First Arizona Title Agency
Desert Mountain Partners I Llc $150,000 U S Title Agency Llc
Benz Karen B -- None Available
Mystic Developments Llc $250,000 Us Title Agency Llc
Grumbacher Ronald H $106,000 First American Title Ins Co
812189 Alberta Ltd $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vena Michael J $1,419,500
Previous Owner Desert Mountain Partners 1 Llc $5,000,000
Previous Owner Grumbacher Ronald H $186,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2015 11/19/15 Sold $150,000 -16.7% --
09/05/2015 09/05/15 Pending -- -- --
07/29/2015 07/29/15 For Sale $180,000 -- --
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 $6,420 $116,575 -- --
2024 $6,140 $111,024 -- --
2023 $6,140 $193,450 $38,690 $154,760
2022 $5,915 $137,280 $27,450 $109,830
2021 $6,423 $141,900 $28,380 $113,520
2020 $6,309 $128,300 $25,660 $102,640
2019 $6,120 $120,820 $24,160 $96,660
2018 $1,023 $19,155 $19,155 $0
2017 $985 $17,730 $17,730 $0
2016 $981 $17,385 $17,385 $0
2015 $989 $13,152 $13,152 $0
Source: Public Records

Agents Affiliated with this Home

  • Donna LeGate

    Seller's Agent in 2015

    Donna LeGate

    Compass

    (602) 399-0829

    17 in this area

    28 Total Sales

    Donna LeGate
    Section Image
  • Cheryl D'Anna

    Seller Co-Listing Agent in 2015

    Cheryl D'Anna

    Russ Lyon Sotheby's International Realty

    (480) 319-3800

    45 in this area

    75 Total Sales

    Cheryl D'Anna
    Section Image
  • Brian Herrera

    Buyer's Agent in 2015

    Brian Herrera

    HomeSmart

    (480) 244-8298

    53 in this area

    53 Total Sales

    Brian Herrera
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5313404

Arizona Regional Multiple Listing Service (ARMLS)

APN: 219-56-421

Arizona Maricopa County Scottsdale 85262 Desert Mountain

40777 N 108th Way Unit 61, Scottsdale, AZ

This home is located at 40777 N 108th Way Unit 61, Scottsdale, AZ 85262 since 29 July 2015 and is currently estimated at $3,146,117. 40777 N 108th Way Unit 61 is a home located in Maricopa County with nearby schools including Black Mountain Elementary School, Cactus Shadows High School, and Sonoran Trails Middle 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

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