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$3,250,000

Beds
3
Baths
2.5
sq ft
3,002

32905 North 140th Street, Scottsdale, AZ 85262

32905 North 140th Street

Scottsdale, AZ 85262

  • <1 day on market
Every once in a while an equestrian Crown Jewel comes available. Welcome to Rancho Milagro...Ranch of Miracles! Located in the heart of world class horse ranches, trainers & performers. This premier, hilltop, 10+ acre horse ranch offers a unique blend of rustic charm & modern luxury! Relax & enjoy breathtaking mt. views & famous Arizona sunrises & sunsets! Just steps away from the Tonto National Forest & Scottsdale Preserve. The center piece of the ranch is the iconic 60'x80' custom blt. rustic steel barn w/6 - 20'x20' covered stalls,20' breezeway, custom tack room made from 100 year old reclaimed wood, covered hay storage,120'x200', 4 rail arena w/prof. footing & announcers booth,60' round pen,5 acre pipe rail perimeter fencing, solar powered front entry gates. Adjacent 5+ acres included Recently completed, Nov.23, 2024: Professionally built 2 shed rows, using industrial grade materials, engineered for optimal shade and drainage, includes 10, 4 rail, covered pens with runs ranging from 51'x20' to 70'x35', mix and match pen layout with 39 gates, designed for easy cleaning, custom tack room, supplement room, covered hay storage on slab holds 2 to 4 squeezes, 40'x60' enclosed garden, 11 raised and irrigated garden beds, pre plumbed for up to 20 raised garden beds, spacious shade structure, oversized wash basin, farm sink, and private well. House Features: Custom built builders home with unique western features like the dramatic wagon wheel timber beamed ceiling in the great room with custom, lighted, hand made, iron, western scenes, casting shadows of cowboy ranch life, cozy stone fireplace, chef's kitchen with 6 burner gas cook top, double wall ovens, built-in fridge/freezer, chiseled-edge granite counter tops, copper fixtures, island with veggie sink, ice maker, breakfast bar, luxurious master suite, with fireplace and exit to rear covered patio, romantic master bath with fireplace over jacuzzi tub and mountain views. Entertain your guests from the shade of the rear covered patio, cozy up to the gas fireplace and outdoor firepit while enjoying some steaks on the built-in BBQ. Relax in the front courtyard with a cup of coffee as you soak up the majestic views of Granite Mountain and listen to the sounds of water cascading down the custom, travertine, fountain. Rancho Milagro is truly an iconic setting for all horse enthusiasts! If this one-of-a-kind, premiere ranch checks all your boxes, don't wait!

Details

Property type

Single Family Residence

Est. home value

$1,296,563

Lot size

10.8 acres

Price per sq ft

$1,083

Year built

2002

Annual property taxes

$2,973

HOA

No

Price History

01/29/2025
ArizonaRegional

ArizonaRegional #6812386

Listed
$3,250,000

Schools & Community

Elementary school: 

Horseshoe Trails Elementary School

Middle school: 

Sonoran Trails Middle School

High school: 

Cactus Shadows High School

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

$2,527,396
Asking price
$3,250,000
Closing costs (~8% of asking)
-$260,000
Est. remaining loan balance
-$462,604
Cash to seller
$2,527,396

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

November 2020

Original loan amount

$510,000

Est. remaining balance

$462,604

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Robert Kohnen Jr and Vanessa R Kohnen

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: 01/30/2025 at 11:55 AM

Listing updated: 01/30/2025 at 8:05 AM

Listed by: Brian K Lynch, West USA Realty Phone #: (480) 948-5554

MLS: ArizonaRegional #6812386

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