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$1,599,999

Beds
8
Baths
6.0
sq ft
5,459

2549 East Cherrywood Place, Chandler, AZ 85249

2549 East Cherrywood Place

Chandler, AZ 85249

  • 1 day on market
Step into a world of elegance and luxury with this extraordinary custom-built home, nestled in the highly sought-after Circle G Ranch at Riggs Homestead subdivision. A masterpiece of design and craftsmanship, this expansive single-level residence with a walk-out basement and separate casita offers a seamless blend of timeless sophistication and modern amenities. From the moment you enter, you are welcomed into a dramatic Great Room with soaring ceilings and a captivating gas fireplace, perfect for both quiet evenings and entertaining guests. The thoughtfully designed layout ensures every space is as functional as it is stunning. The Great Room flows seamlessly into the gourmet kitchen, a chef's dream. With a center island, abundant cabinetry, electric cooktop, double ovens, built-in refrigerator/freezer, dishwasher, and ice maker, this kitchen is both functional and impressive. Adjacent to the kitchen, you will find a Butler's Pantry for additional storage and a walk-in pantry to keep your culinary essentials organized. The formal dining area is illuminated by natural light from expansive windows and boasts high coffered ceilings, making it the perfect space for hosting dinner parties. The adjoining huge breakfast bar easily seats over 6, creating an ideal setting for casual dining. The East Wing is home to the master suite, a sanctuary of comfort and luxury, featuring a spacious bedroom area, private exit to your backyard oasis, and a generous sitting room. The master bathroom is a retreat in itself, offering his and hers vanities, expansive walk-in closets, and a jetted soaker tub with a dual-sided fireplace that creates a spa-like atmosphere. A private sauna, walk-in shower, and access to a serene private courtyard enhance the space's tranquility and opulence. With 7 generously sized bedrooms in the main house, including two wings offering privacy and comfort, this home provides ample space for family and guests. The West Wing features two additional bedrooms, each with private desk areas, while the Jack & Jill bathroom offers private vanities, walk-in closets, and separate shower and toilet rooms for ultimate convenience. An extra-large office/den can easily be converted into another bedroom, adding flexibility to this already expansive home. The laundry room is a dream, offering abundant storage, a laundry sink, space for multiple washers and dryers, and even room for a second refrigerator and freezer. The Basement: A True Entertainer's Paradise The walk-out basement is a space like no other. With a dedicated entertainment area featuring a built-in electronics niche, sliding glass doors leading to a private patio, and a fully equipped kitchenette for snacks and drinks, this basement is ideal for hosting gatherings or simply unwinding in style. There are two additional bedrooms, each with separate storage and desk areas, and another Jack & Jill bathroom for added convenience. Separate Casita - Ultimate Guest Retreat A standout feature of this property is the casita, offering a private retreat for guests or extended family. This fully-equipped studio includes a bedroom, spacious living area, kitchen, and bathroom, with a side door leading to a charming patio area, making it an ideal space for privacy and comfort. Lush Grounds and Outdoor Luxury Set on an expansive 35,010 sq ft lot, the grounds of this estate are a haven for outdoor living. The circular driveway leads to a beautifully manicured front courtyard featuring a tranquil fountain. The backyard is a resort-style paradise with a private pool, & built-in spa. Enjoy the Arizona sunshine by the outdoor kitchen with bar seating for guests or gather around the built-in fireplace for cozy evenings outdoors. A propane gas system heats the pool, outdoor fireplace, and firepit, ensuring year-round enjoyment. For those with an adventurous spirit, the property includes an RV hookup, making it easy to travel in style. This home is equipped with central vacuum, sophisticated home systems, and ample storage throughout. Every detail has been meticulously designed to ensure the highest level of comfort, convenience, and elegance. A Truly Rare Opportunity - this estate offers a rare opportunity to experience the height of luxury living in one of the most prestigious communities. Whether you are relaxing in your private retreat or hosting an elegant soiree, this home is designed for those who demand the very best.

Details

Property type

Single Family Residence

Est. home value

$1,897,624

Lot size

0.8 acres

Price per sq ft

$294

Year built

2001

Annual property taxes

$9,784

Monthly HOA fee

$49

Price History

01/06/2025
ArizonaRegional

ArizonaRegional #6798447

Listed
$1,599,999
+55.19%
05/08/2019
ArizonaRegional

ArizonaRegional #5761879

Sold
$1,031,000

Schools & Community

Neighborhood: 

Circle G Riggs Ranch

Elementary school: 

Jane D. Hull Elementary

Middle school: 

Santan Junior High School

High school: 

Basha High School

High school district: 

Chandler Unified District #80

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,150,796
Asking price
$1,599,999
Closing costs (~8% of asking)
-$128,000
Est. remaining loan balance
-$321,203
Cash to seller
$1,150,796

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Nations Reliable Lending Llc

Loan start date

February 2021

Original loan amount

$352,126

Est. remaining balance

$321,203

Interest rate

2.67%

Loan type

New Conventional, 30 year

Seller

Christopher Allen Posilippo and Kristy Anna Posilippo

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/07/2025 at 1:10 PM

Listing updated: 01/06/2025 at 1:20 AM

Listed by: Eva Marin, Realty ONE Group Phone #: (480) 777-4500

MLS: ArizonaRegional #6798447

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