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$5,000,000

Beds
4
Baths
3.5
sq ft
4,379

5123 East Mcdonald Drive, Paradise Valley, AZ 85253

5123 East Mcdonald Drive

Paradise Valley, AZ 85253

  • 50 days on market
Nestled on the iconic Camelback Mountain, this charming single-story home offers the best of Arizona living with 4 bedrooms, 3.5 bathrooms, and 4,379 sq/ft of beautifully designed space on an expansive acre of land. The interiors feature a reception foyer leading into the formal living room and family room. The home boasts 2 primary suites, both beautifully presented with one enjoying a fireplace. One guest bedroom is currently being used as an office. Boasting panoramic mountain views while still high enough to enjoy dazzling city lights, this property offers an unparalleled combination of natural beauty and urban convenience. The resort-style backyard is perfect for entertaining, featuring lush landscaping, classic swimming pool, and serene views that provide the perfect backdrop for any occasion. This is Arizona luxury living at its finest.

Details

Property type

Single Family Residence

Est. home value

$2,918,079

Lot size

1.0 acres

Price per sq ft

$1,142

Year built

1963

Annual property taxes

$6,615

Price History

11/01/2024
ArizonaRegional

ArizonaRegional #6778627

Listed
$5,000,000
+292.16%
06/09/2017
ArizonaRegional

ArizonaRegional #5569944

Sold
$1,275,000

Schools & Community

Elementary school: 

Kiva Elementary School

Middle school: 

Mohave Middle School

High school: 

Saguaro High School

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

$4,242,040
Asking price
$5,000,000
Closing costs (~8% of asking)
-$400,000
Est. remaining loan balance
-$357,960
Cash to seller
$4,242,040

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

August 2019

Original loan amount

$400,000

Est. remaining balance

$357,960

Interest rate

3.84%

Loan type

New Conventional, 30 year

Seller

Clinton H Bowling and Evonne M Bowling

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: 12/22/2024 at 5:30 AM

Listing updated: 11/04/2024 at 1:05 PM

Listed by: Shawna Perkins, Russ Lyon Sotheby's International Realty Phone #: (480) 287-5200

MLS: ArizonaRegional #6778627

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