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$2,895,000

Beds
5
Baths
5.0
sq ft
5,295

5302 East Mercer Lane, Scottsdale, AZ 85254

5302 East Mercer Lane

Scottsdale, AZ 85254

  • 93 days on market
    • Price drop $50,000↓
Welcome to the Magic Zip code of 85254! Perfect family home in esteemed GATED community of La Camarilla Estates. This exceptional home offers 5 spacious bedrooms, 5 baths, and 8 versatile flex spaces perfect for a home office, playroom, or personal gym. Great room with large windows/sliding doors to backyard. Split master includes a newly renovated closet and a workout room/office in addition to an oversized bed and bath with his and hers sink and bath. Memorable kitchen with features such as double dishwasher, Woodmode kitchen cabinets, extra deep drawers, granite, huge island with second sink. New paint, vaulted ceilings, and floor is lovely all the way through! Oversized corner lot with huge wrap-around patio, grassy area, pool and spa for elegant outdoor living. Double washer and dryer. Reversed osmosis water filter, butler's pantry, double oven, Cantera Iron front door, Knotty Alder custom 8 ft interior doors, Pella windows, hardwood floors, hybrid floors, granite galore, storage throughout, covered paver porch, attached guest suite, surround sound audio system, central vacuum system, water softener.

Details

Property type

Single Family Residence

Est. home value

$2,511,285

Lot size

0.57 acres

Price per sq ft

$547

Year built

1984

Annual property taxes

$7,538

Monthly HOA fee

$106

Price History

11/13/2024
ArizonaRegional

ArizonaRegional #6746339

Price change
$2,895,000
-1.7%
08/20/2024
ArizonaRegional

ArizonaRegional #6746339

Listed
$2,945,000
+177.83%
08/20/2015
ArizonaRegional

ArizonaRegional #5187987

Sold
$1,060,000

Schools & Community

Neighborhood: 

Paradise Valley

Elementary school: 

Sequoya Elementary School

Middle school: 

Cocopah Middle School

High school: 

Chaparral High School

Community features: 

Gated, Golf

High school district: 

Scottsdale Unified District

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bell Bank

Loan start date

December 2023

Original loan amount

$1,175,000

Est. remaining balance

Not provided

Interest rate

Not provided

Loan type

Credit Line (Revolving), 10 year

Seller

Thomas R Lofy and Lofy Family Trust

Lender

Bell Bank

Loan start date

November 2021

Original loan amount

$759,000

Est. remaining balance

$627,208

Interest rate

2.28%

Loan type

New Conventional, 15 year

Seller

Thomas R Lofy and The Lofy Family 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: 11/21/2024 at 9:40 PM

Listing updated: 11/12/2024 at 6:35 PM

Listed by: Aleia Lofy, HomeSmart Phone #: (602) 230-7600

MLS: ArizonaRegional #6746339

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