tomo logo

$3,450,000

Beds
5
Baths
4.0
sq ft
5,226

5226 East Mountain View Road, Paradise Valley, AZ 85253

5226 East Mountain View Road

Paradise Valley, AZ 85253

  • Pending
    • Price drop $48,000↓
BEST VALUE in PV and MOVE-IN ready! Unique & Stunning Frank Lloyd Wright inspired luxury 1.5-acre estate on large flat lot! Nestled on a quiet street w/ no through traffic, this beautifully remodeled home reflects a perfect balance of simple modern luxury living & casual elegance! NO STEP inside! Desirable N/S exposure brings in tons of natural light through skylights & new windows/doors! Entertain family/friends in the amazing resort-style backyard w/ ultimate privacy. Featuring spacious primary suite, private casita with kitchenette, VIKING gas BBQ, large travertine patio courtyard, HEATED pebble pool, rare-seen mature bamboos by waterfall, 2 EV chargers, large gazebo, turf+grass, & full-size tennis court, this home is ready for the next family. Seller carry available. Owner Agent This charming solid block home was built in 1981 by the luxury custom home builder Weldon Minchew apprenticed by Frank Lloyd Wright for the first family who have lived here for 40 years! The seclude and unique 1.45 acre lot with deep setback from the street and desert wash behind provides ultimate privacy and security. Enjoy the breathtaking mountain view through large front window and the picture-perfect beautiful view of the backyard through 4 sets of large sliding doors where indoor/outdoor living spaces flow seamlessly together! The current (2nd) owner did a complete cosmetic update in the last 2 years while preserving the original charms and architectural integrity of the home. It is NOT a cookie cutter style home and it may not have as many bathrooms as some home buyers are looking for, however, it demonstrates a unique, charming, calming, and loving energy and it is SUPER energy efficient when it comes heating and cooling! Below are the features and recent improvements: - New solar panels financed with 1.49% interest rate - New 400-AMP electrical panel upgrade. - New commercial grade windows and doors - New kitchen waterfall quartz countertop and backsplash - 4 beautifully updated bathrooms - new casita remodel with kitchenette - New washer/dryer/steamer in primary closet - 2nd Washer/dryer hookup by garage entrance - Water softener with exterior soft water spigot for car wash at home - new custom cabinets for primary closets and all bathrooms - New concrete roof tiles and new under layments - New gutter system in backyard - New triple-insulated garage doors (2) and new garage opener - New luxury vinyl plank flooring throughout (no carpet) - New smooth wall texture finish - New exterior and interior paint - All interior doors are solid wood doors and restained - new 84" luxury linear electric fireplace - New LED lights and ceiling fans - New travertine pavers in back patio - New gazebo top beams - New pool equipment (filter, vac, pump) - New cool deck finish around the pool and gazebo - new turf by AZ Turf masters - New extended driveway for extra parking spaces - 2 New EV chargers - 4 AC units

Details

Property type

Single Family Residence

Est. home value

$3,909,700

Lot size

1.45 acres

Price per sq ft

$661

Year built

1981

Annual property taxes

$9,323

Price History

04/08/2024
ArizonaRegional

ArizonaRegional #6620921

Pending
$3,450,000
04/03/2024
ArizonaRegional

ArizonaRegional #6620921

Price change
$3,450,000
-1.37%
03/26/2024
ArizonaRegional

ArizonaRegional #6620921

Price change
$3,498,000
-2.81%

Schools & Community

Elementary school: 

Cherokee Elementary School

Middle school: 

Cocopah Middle School

High school: 

Chaparral High School

High school district: 

Scottsdale Unified District

Tracey, Home Search Advisor
Tracey
Home Search Advisor

How can I help? Hi, I’m Tracey, your real estate expert. Send me your questions about this listing or about shopping for homes.

Response time: 20 min or less

or text or call (404) 738-5385

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

$2,031,944
Asking price
$3,450,000
Closing costs (~8% of asking)
-$276,000
Est. remaining loan balance
-$1,142,056
Cash to seller
$2,031,944

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

January 2022

Original loan amount

$1,196,250

Est. remaining balance

$1,142,056

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Maggie G Wu and The Maggie Ge Wu Revocable 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?

Status: Pending/Under Contract

Tomo last checked: 04/16/2024 at 4:20 PM

Listing updated: 04/07/2024 at 11:55 PM

Listed by: Maggie Wu, Realty ONE Group Phone #: (480) 315-1240

MLS: ArizonaRegional #6620921

ArizonaRegional logo
tomo logo
  • © 2024 Tomo Real Estate
  • 1424 11th Ave, Suite 201, Seattle, WA 98122
  • (404) 738-5385

Resources

BlogTomo Mortgage

Tomo Real Estate for sale

Disclaimers

mls-logo

Copyright © 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers'' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.