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$1,151,793Estimated home value

Beds
4
Baths
3.5
sq ft
3,451

3777 East Sat Nam Way, Cave Creek, AZ 85331

3777 East Sat Nam Way

Cave Creek, AZ 85331

  • Sold On 8/30/2024
    • Price drop $45,100↓
This Gorgeous Desert Oasis sits on a 1.19-acre private cul-de-sac lot that abuts Cave Creek preserve lands. It has been professionally remodeled so that the desirable Engle Homes Estancia floor plan, and its 12-foot-high soaring ceilings, has an even more open flow. The entertainer's dream gourmet kitchen's outstanding features include stainless steel Sub-Zero 84'' Refrigerator/Freezer, Viking gas range/electric oven, Viking microwave, and KitchenAid dishwasher (all installed in 2023), granite prep and seating island, granite counter tops, a walk-in pantry and cherry cabinets. It is adjacent to both the open dining area and a large great room - whose features include a wall of windows view of the resort-like yard, direct access to the over-sized patio and yard, and Bowers & Wilk speakers (three in-wall and four in-ceiling valued at over $10,000). Uniformly striking modern low maintenance polished and sealed concrete floors were installed in 2022. Relax in your owner's retreat that includes a sitting room/exercise area (30' by 14' overall) and flows naturally to the master bathroom that includes dual sinks, two massive walk-in closets, a walk-through shower, and soaking tub. It is split from other two other bedrooms and from a guest suite conveniently located off the back of the home with pool side entry. Outside you'll enjoy your own private year-round resort including a heated play pool with attached oversized spa, a covered recently upgraded shanty-style BBQ and bar, a covered pergola with ample eating for, and low maintenance landscaping (with room for more) in all the right places. This oversized lot also has plenty of room for an RV garage or a man cave/she shed - similar additions have been approved in the past. The three-car garage is oversized. Rest assured for years knowing the septic system was installed in 2022, both AC (18 SEER) units, the pool pump, a 75-gallon hot water heater, a second RV gate were all installed in 2024, the community is a Certified Firewise Community, and the solar lease is fixed with no yearly increases!

Details

Property type

Single Family Residence

Est. home value

$1,151,793

Lot size

1.19 acres

Price per sq ft

$360

Year built

2003

Annual property taxes

$4,560

Monthly HOA fee

$75

Price History

08/29/2024
ArizonaRegional

ArizonaRegional #6700556

Sold
$1,185,000
-4.43%
07/29/2024
ArizonaRegional

ArizonaRegional #6700556

Pending
$1,239,900
06/07/2024
ArizonaRegional

ArizonaRegional #6700556

Price change
$1,239,900
-3.51%

Schools & Community

Elementary school: 

Desert Mountain School

Middle school: 

Desert Mountain School

High school: 

Boulder Creek High School

High school district: 

Deer Valley 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

$108,642
Asking price
$1,239,900
Closing costs (~8% of asking)
-$99,192
Est. remaining loan balance
-$1,032,066
Cash to seller
$108,642

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

Seller’s Loan History

Lender

Mortgage Research Center Llc

Loan start date

March 2022

Original loan amount

$1,085,000

Est. remaining balance

$1,032,066

Interest rate

3.56%

Loan type

VA, 30 year

Seller

Michael S Russo and Maria L Russo

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?

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31423 North 41st Place, Cave Creek, AZ 85331

Status: Off Market

Tomo last checked: 10/05/2024 at 6:10 PM

Listing updated: 09/23/2024 at 2:10 PM

Listed by: Mario Micheli, My Home Group Real Estate Phone #: (480) 685-2760

MLS: ArizonaRegional #6700556

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