NOT LISTED FOR SALE

7318 E Palo Verde Dr Unit 16 Scottsdale, AZ 85250

Indian Bend Neighborhood

Estimated Value: $657,000 - $676,000

2 Beds
2 Baths
1,489 Sq Ft
$448/Sq Ft Est. Value

Last Sold January 15, 2025

Last sale price $660,000 $443 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,231/month

6 Days on Market

Highlights

  • Vaulted Ceiling
  • Hydromassage or Jetted Bathtub
  • Granite Countertops
  • Kiva Elementary School Rated A
  • 1 Fireplace
  • Private Yard

About This Home

As of January 2025

This easy-to-maintain, single-level townhome is nestled in the Villa Palo Verde community, just minutes from the vibrant heart of Old Town Scottsdale. Offering 2 bedrooms, 2 bathrooms, a den, and a 2-car garage, this home is perfect for year-round living, a second home retreat, or an investment property (with min. 3-month rental). Step through the private, gated courtyard into the great room, where wood plank ceilings and skylights create a light atmosphere. The home features tile flooring throughout, a cozy wood-burning fireplace, and granite tile counters in the kitchen. Recent updates include a new HVAC system (2021), water heater (2022), and freshly recoated flat roof (2023). Relax on the large patio or take a short stroll across the street to the community pool.

Last Listed By

Lea Ann Hervey

RE/MAX Fine Properties License #SA563457000 Listed on: 11/09/2024

RE/MAX Fine Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,469

Year Built

  • Built in 1982

Lot Details

  • 2,890 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Block Wall Fence
  • Private Yard
  • Grass Covered Lot

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Roof Updated in 2023
  • Wood Frame Construction
  • Tile Roof
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 1,489 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • 1 Fireplace
  • Tile Flooring

Kitchen

  • Built-In Microwave
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms
  • Hydromassage or Jetted Bathtub

Schools

  • Kiva Elementary School
  • Mohave Middle School
  • Saguaro High School

Utilities

  • Cooling System Updated in 2021
  • Refrigerated Cooling System
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Patio

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 173-05-202-A

Community Details

Overview

  • Association fees include ground maintenance, front yard maint
  • Integrity First P.M. Association, Phone Number (623) 748-7595
  • Villa Palo Verde Subdivision

Recreation

  • Heated Community Pool
  • Community Spa

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,469

Year Built

Built in 1982

Lot Details

0

HOA Fees

$300 per month

Parking

2

Listing Details

  • Cross Street: Scottsdale and McDonald
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 300.0
  • Basement: N
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2015
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2021
  • Updated Roof: Partial
  • Items Updated Roof Yr Updated: 2023
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1982
  • Tax Year: 2024
  • Directions: South on Scottsdale to E (first left) Palo Verde Lane, North into Community at Palo Verde Drive to unit 16 on Right.
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.07
  • Subdivision Name: VILLA PALO VERDE
  • Property Attached Yn: Yes
  • Tax Parcel Letter: A
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 300.0
  • Special Features: VirtualTour

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: 1 Fireplace
  • Fireplace: Yes
  • Interior Amenities: 9+ Flat Ceilings, No Interior Steps, Vaulted Ceiling(s), Full Bth Master Bdrm, Tub with Jets, High Speed Internet, Granite Counters
  • Living Area: 1489.0
  • Stories: 1
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Other Rooms:Great Room: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Patio, Private Yard
  • Lot Features: Cul-De-Sac, Grass Front
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: Two Common Walls
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile, Built-Up
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Attch'd Gar Cabinets, Electric Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Attch_squote_d Gar Cabinets: Yes

Utilities

  • Cooling: Ceiling Fan(s), Refrigeration
  • Heating: Electric
  • Water Source: Pvt Water Company
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Community Spa Htd, Community Pool Htd
  • Amenities: Management, Rental OK (See Rmks)
  • Association Fee: 300.0
  • Association Fee Frequency: Monthly
  • Association Name: Villa Palo Verde HOA
  • Phone: 623-748-7595
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 200.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Villa Palo Verde HOA
  • Association Fees:HOA Telephone4: 623-748-7595
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 600.0
  • Association Fees:Disclosure Fees HOA: 200.0
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Integrity First P.M.
  • Association Fee Incl:Front Yard Maint: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Front Yard Maint

Schools

  • Elementary School: Kiva Elementary School
  • High School: Saguaro High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Mohave Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2890.0
  • Parcel #: 173-05-202-A
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 2469.0
  • Tax Book Number: 173.00
  • Tax Lot: 16
  • Tax Map Number: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2024
Closed on
Jan 6, 2025
Sold by
Holldobler Jakob K
Bought by
Rice Ohana Trust and Russell-Rice
Seller's Agent
Lea Ann Hervey
RE/MAX Fine Properties
Buyer's Agent
Darrin Fox
Russ Lyon Sotheby's International Realty
List Price
$675,000
Sold Price
$660,000
Premium/Discount to List
-$15,000
-2.22%
Total Days on Market
6
Views
2
Current Estimated Value
$667,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,341
Avg. Annual Appreciation
4.18%

Purchase Details

Closed on
Nov 10, 2014
Sold by
Hoelldobler Sarah Anna Marei
Bought by
Holldobler Jakob K

Purchase Details

Closed on
Nov 3, 2014
Sold by
Hoelldobler Berthold Karl and Hoelldobler Friederike M
Bought by
Holldobler Jakob K

Purchase Details

Closed on
Apr 12, 2004
Sold by
Vaughan Cynthia A
Bought by
Hoelldobler Berthold K and Hoelldobler Friederike M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.35%
Mortgage Type
New Conventional

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
Rice Ohana Trust $660,000 Arizona Premier Title
Holldobler Jakob K -- None Available
Holldobler Jakob K -- None Available
Hoelldobler Berthold K $270,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hoelldobler Berthold K $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2025 01/15/25 Sold $660,000 -2.2% $443 / Sq Ft
11/15/2024 11/15/24 Pending -- -- --
11/09/2024 11/09/24 For Sale $675,000 -- $453 / 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 $2,469 $36,499 -- --
2024 $2,037 $34,761 -- --
2023 $2,037 $49,220 $9,840 $39,380
2022 $1,939 $39,570 $7,910 $31,660
2021 $2,103 $38,080 $7,610 $30,470
2020 $2,084 $35,350 $7,070 $28,280
2019 $2,021 $32,760 $6,550 $26,210
2018 $1,974 $27,710 $5,540 $22,170
2017 $1,863 $25,580 $5,110 $20,470
2016 $1,826 $23,700 $4,740 $18,960
2015 $1,755 $22,580 $4,510 $18,070
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6782873

Arizona Regional Multiple Listing Service (ARMLS)

APN: 173-05-202A