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$769,000

Beds
1
Baths
1.5
sq ft
804

5101 North Casa Blanca Drive Unit 9, Paradise Valley, AZ 85253

5101 North Casa Blanca Drive Unit 9

Paradise Valley, AZ 85253

  • 45 days on market
    • Price drop $10,000↓
UNIQUE and very RARE charming historic villa in the guard-gated community of ''Casa Blanca.'' Located in the PRIME area of Paradise Valley, this one is on the coveted ''Rose Garden,'' the location simply doesn't get any better! This is a ''one-of-a-kind'' estate and does't come on the market often, because there is nothing else like it. Other features include a large enclosed back patio with a beautiful brand new cactarium and a quaint front patio to enjoy the serenity and views. The kitchen has new stainless steel appliances and ample storage. Downstairs is a cozy living room with a beehive fireplace. Follow the winding staircase up to the master bedroom, spa-like bathroom and balcony. Community features 3 community pools, tennis & pickleball courts. Click 'more' More great amenities and features of this property: *Beamed ceilings *French doors *Terra cota tile flooring *Wood flooring upstairs *Master bathroom has gorgeous marble tile *Orange and Grapefruit trees hang over back patio *24 hour guard gated property *Sprawling 22 acre community with beautiful plants and flowers *All 3 swimming pools are heated *Walking distance to Scottsdale Fashion Square and great restaurants like Olive and Ivy! *Walking distance to the World Famous Phoenician Resort. *8 minutes to the 101 freeway *Close to Scottsdale and amazing shopping and restaurants The seller has included the following as a personal note describing what he liked best about living and owning in Casa Blanca Estates: Located in Paradise Valley which is the Beverly Hills of Phoenix. There is simply nothing like it. Anywhere. Originally built for the Kellogg family as a retreat for their executives to escape the brutal midwestern winter. The Casa Blanca Inn welcomed winter visitors for decades. An oasis in the desert in the shadow of Camelback Mountain. Close enough to everything but just far enough to feel like you are a world apart. 3 community pools. Tennis and pickle ball courts. Rose gardens and fountain. Cactus gardens. Palm trees sway. Manicured desert landscaping. Historic architecture. Indoor / Outdoor living. Plenty of guest parking. Peace and solitude. Nature abounds. 24-hour manned security gate. This is a rare opportunity to find yourself in an historic community that you will truly be proud to be a part of. There is only one Casa Blanca. Here is a brief history of Casa Blanca: An Arizona Treasure! " Casa Blanca was first conceived in 1936 as a ranch hacienda by David Kellogg of Buffalo, New York, heir to the Spencer Kellogg and Sons manufacturing fortune. Built by architect R.T. "Bob" Evans at the base of Camelback Mountain, the adobe brick home featured Mexican tiles and carved woodwork. " In 1944, Kellogg sold the home to George Borg, of Borg-Warner Co., who renamed the residence Casa Blanca and added the now-iconic onion dome above the living room, conferring instant landmark status within the burgeoning residential communities of Paradise Valley and Scottsdale. Borg built a number of cottages around the grounds to accommodate his many guests, along with an airstrip, riding stable, pool and extensive gardens. In 1953, Borg hired a hotel management company and converted the property into a resort. " In 1958, the management company, in partnership with contractors, purchased the resort from Borg and divided the property into a residential community and expanded resort, which was frequented by many famous guests, including Marilyn Monroe, Clark Gable, Charlie Chaplin, Betty Grable and President Dwight Eisenhower. The domed room became an elegant restaurant known as The Sultan's Table. In 1967, the property was sold to hotelier Bernard McDonough. " Ramada Inns purchased Casa Blanca in 1971 and conducted extensive remodeling, but in 1981, it was sold to Great Western Development, which converted the resort into a residential community, creating 37 residences with 32 different floor plans. The original domed abode was restored and converted into a private residence. The dome now serves as a focal point for the entire community. The central rose garden remains, linking the various residences with walking paths. In 1984, 38 more townhomes, a lap pool and a cactus garden were added.

Details

Property type

Condominium

Est. home value

$826,124

Lot size

1,095 sq ft

Price per sq ft

$957

Year built

1969

Annual property taxes

$2,334

Monthly HOA fee

$850

Price History

11/07/2024
ArizonaRegional

ArizonaRegional #6767696

Price change
$769,000
-1.28%
10/24/2024
ArizonaRegional

ArizonaRegional #6767696

Price change
$779,000
-2.49%
10/14/2024
ArizonaRegional

ArizonaRegional #6767696

Price change
$798,900
-0.01%

Schools & Community

Neighborhood: 

South Scottsdale

Elementary school: 

Kiva Elementary School

Middle school: 

Mohave Middle School

High school: 

Saguaro High School

Community features: 

Gated, Tennis Court(s)

High school district: 

Scottsdale 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

$494,761
Asking price
$769,000
Closing costs (~8% of asking)
-$61,520
Est. remaining loan balance
-$212,719
Cash to seller
$494,761

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

Seller’s Loan History

Lender

Consolidated Fcu

Loan start date

November 2020

Original loan amount

$233,500

Est. remaining balance

$212,719

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Jason Cohn and Jason Cohn 2011 Living Trust

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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Status: Active

Tomo last checked: 11/22/2024 at 7:05 AM

Listing updated: 11/11/2024 at 1:00 AM

Listed by: Jon R. Cooper, Cooper Premier Properties LLC Phone #: (602) 410-9585

MLS: ArizonaRegional #6767696

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