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$5,150,000

Beds
5
Baths
4.5
sq ft
7,425

5347 East Mockingbird Lane, Paradise Valley, AZ 85253

5347 East Mockingbird Lane

Paradise Valley, AZ 85253

  • 73 days on market
    • Price drop $25,000↓
    • Open house Nov 22
Priced under 695 per sq ft. Absolute Must See! Amazing open floor layout on this beautiful estate, meticulously maintained, located in the highly sought after Paradise Valley area with spectacular Mummy Mountain views. Recently refreshed Primary wing. Custom brick ceilings, exposed wood beams, beautiful stone accents throughout the home, and custom wood cabinetry. 3 large stone fireplaces. Oversized kitchen with large 14 ft island and high end appliances. Vaulted ceilings throughout. New hardwood flooring throughout the home. Recently updated theatre room. Oversized showers throughout. Enjoy entertaining with surround sound throughout. 16 ft glass sliding pocket doors leading out to the backyard with resort style heated pool equipped with water features, hot tub, built in trampoline.

Details

Property type

Single Family Residence

Est. home value

$4,346,238

Lot size

1.09 acres

Price per sq ft

$694

Year built

2009

Annual property taxes

$15,222

Price History

11/14/2024
ArizonaRegional

ArizonaRegional #6754720

Price change
$5,150,000
-0.48%
11/02/2024
ArizonaRegional

ArizonaRegional #6754720

Price change
$5,175,000
-0.46%
10/16/2024
ArizonaRegional

ArizonaRegional #6754720

Price change
$5,199,000
-0.97%

Schools & Community

Elementary school: 

Cherokee Elementary School

Middle school: 

Cocopah Middle School

High school: 

Chaparral 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

$3,090,526
Asking price
$5,150,000
Closing costs (~8% of asking)
-$412,000
Est. remaining loan balance
-$1,647,474
Cash to seller
$3,090,526

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

Seller’s Loan History

Lender

V I P Mortgage Inc

Loan start date

June 2019

Original loan amount

$1,835,000

Est. remaining balance

$1,647,474

Interest rate

4.14%

Loan type

New Conventional, 30 year

Seller

Nicholas Palumbo and Natasha Palumbo

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 8:05 AM

Listing updated: 11/18/2024 at 3:05 PM

Listed by: Nicholas C Palumbo, East Verde Land & Cattle Phone #: (623) 329-0101

MLS: ArizonaRegional #6754720

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