tomo logo

$3,500,000

Beds
5
Baths
5.5
sq ft
5,110

27411 North 120th Street, Scottsdale, AZ 85262

27411 North 120th Street

Scottsdale, AZ 85262

  • 2 days on market
Upscale luxury meets desert serenity at this 5,110 sq. ft. custom Scottsdale estate on 2.98 elevated acres with sweeping mountain views. A show-stopping 5-car glass-door garage welcomes car lovers. Inside: five ensuite bedrooms offer sanctuary and seclusion, each with private patios and curated views, a chef's kitchen flowing to a great room with 16-ft sliding glass wall, opening to a south-facing yard with infinity pool, spa, misting system, putting green and outdoor kitchen. Enjoy a professional grade home theater and commercial-grade internet. Minutes to Scottsdale National and the Four Seasons. The best of Scottsdale living. Where Luxury Meets the Desert Sky. Note: 120th St. fully paved by current homeowners in 2024. Google maps/aerials may not be updated.

Details

Property type

Single Family Residence

Est. home value

$2,235,654

Lot size

2.98 acres

Price per sq ft

$685

Year built

2009

Annual property taxes

$5,907

HOA

No

Price History

03/28/2025
ArizonaRegional

ArizonaRegional #6842705

Listed
$3,500,000
+75%
02/16/2023
ArizonaRegional

ArizonaRegional #6505184

Sold
$2,000,000

Schools & Community

Neighborhood: 

North Scottsdale

Elementary school: 

Desert Sun Academy

Middle school: 

Sonoran Trails Middle School

High school: 

Cactus Shadows High School

Community features: 

Gated

High school district: 

Cave Creek Unified District

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

$1,757,758
Asking price
$3,500,000
Closing costs (~8% of asking)
-$280,000
Est. remaining loan balance
-$1,462,242
Cash to seller
$1,757,758

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

February 2023

Original loan amount

$1,500,000

Est. remaining balance

$1,462,242

Interest rate

6.27%

Loan type

New Conventional, 30 year

Seller

Lance Gregory Olmsted

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: 03/31/2025 at 6:10 AM

Listing updated: 03/29/2025 at 5:46 PM

Listed by: Leslie Young, Russ Lyon Sotheby's International Realty Phone #: (480) 585-7070

MLS: ArizonaRegional #6842705

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