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$1,002,570Estimated home value

Beds
3
Baths
2.5
sq ft
2,541

5337 East Palo Brea Lane, Cave Creek, AZ 85331

5337 East Palo Brea Lane

Cave Creek, AZ 85331

  • Sold On 10/5/2024
Discover Arizona living at its finest in this spacious, single-level Toll Brothers-built home in the gated Monte Vista neighborhood. Featuring three bedrooms and a versatile flex space ideal for an office or playroom, can even convert to it to another bedroom. The open floor plan enhances natural light, and the kitchen includes an eat-in island, walk-in pantry, and professional-grade appliances. The master suite boasts a spa-like bath with dual vanities, a soaking tub, and a walk-in shower. Recent improvements totaling $100,000 include a heated pool designed and installed by California Pools in 2023, new window coverings, new landscaping, and a new water heater. The south-facing backyard features the pool, spa, built-in grill, fire pit, pergola, and low-maintenance turf.

Details

Property type

Single Family Residence

Est. home value

$1,002,570

Lot size

9,422 sq ft

Price per sq ft

$483

Year built

2015

Annual property taxes

$3,315

Monthly HOA fee

$232

Price History

10/04/2024
ArizonaRegional

ArizonaRegional #6753030

Sold
$1,190,000
-2.86%
09/13/2024
ArizonaRegional

ArizonaRegional #6753030

Pending
$1,225,000
09/05/2024
ArizonaRegional

ArizonaRegional #6753030

Listed
$1,225,000
+16.67%

Schools & Community

Neighborhood: 

Desert View

Elementary school: 

Lone Mountain Elementary School

Middle school: 

Sonoran Trails Middle School

High school: 

Cactus Shadows High School

Community features: 

Gated, Playground

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

$378,426
Asking price
$1,225,000
Closing costs (~8% of asking)
-$98,000
Est. remaining loan balance
-$748,574
Cash to seller
$378,426

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

Seller’s Loan History

Lender

Morgan Stanley Private Bank Na

Loan start date

March 2022

Original loan amount

$787,500

Est. remaining balance

$748,574

Interest rate

3.69%

Loan type

New Conventional, 30 year

Seller

Daniel Hoagland and Gena Hoagland

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: Off Market

Tomo last checked: 11/03/2024 at 6:10 AM

Listing updated: 10/05/2024 at 7:45 AM

Listed by: Nicole Demas, Berkshire Hathaway HomeServices Arizona Properties Phone #: (480) 505-6300

MLS: ArizonaRegional #6753030

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