tomo logo

$8,000,000

Beds
4
Baths
4.5
sq ft
7,176

42690 North 98th Place, Scottsdale, AZ 85262

42690 North 98th Place

Scottsdale, AZ 85262

  • 31 days on market
Desert Mountain Golf Membership available. Make this secluded Desert Contemporary Estate your own private paradise. Original Architect was Terry Kilbane with Manship Builders. In 2022 completely re-imagined by Architect & Builder Justin Kilbane. This masterpiece is strategically sited on a ridge-line in a linear fashion to take full advantage of the southern exposure providing breathtaking Mountain, Valley & City Light Views from every room. Magnificent entertaining spaces flow seamlessly throughout the main level and exterior living spaces that include a large pool shaped like grand piano. Unparalleled attention to detail throughout from the stunning entry door to the beamed ceilings, copper hearth, indigenous stone, & creative lighting fixtures. Additional 10 Acre Lot available to buy.

Details

Property type

Single Family Residence

Est. home value

$5,520,800

Lot size

4.83 acres

Price per sq ft

$1,115

Year built

2007

Annual property taxes

$18,439

HOA fee

$2,529

Price History

03/01/2025
ArizonaRegional

ArizonaRegional #6828429

Listed
$8,000,000
+100%
01/19/2021
ArizonaRegional

ArizonaRegional #6148569

Sold
$4,000,000

Schools & Community

Neighborhood: 

Pinnacle Peak

Elementary school: 

Black Mountain Elementary School

Middle school: 

Sonoran Trails Middle School

High school: 

Cactus Shadows High School

Community features: 

Gated, Golf, Tennis Court(s), Playground, Clubhouse, Fitness Center, Pool, Sidewalks

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

$5,149,976
Asking price
$8,000,000
Closing costs (~8% of asking)
-$640,000
Est. remaining loan balance
-$2,210,024
Cash to seller
$5,149,976

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

January 2021

Original loan amount

$2,925,000

Est. remaining balance

$2,210,024

Interest rate

2.28%

Loan type

New Conventional, 15 year

Seller

Jeffrey R Serra and Kirsten Tollefson

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: 04/01/2025 at 2:55 PM

Listing updated: 03/06/2025 at 10:58 AM

Listed by: Kathy Reed, Russ Lyon Sotheby's International Realty Phone #: (480) 488-2998

MLS: ArizonaRegional #6828429

ArizonaRegional logo