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$5,220,000

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

  • 145 days on market
    • Price drop $10,000↓
PRICED UNDER $705 PER SQ FT! ABSOLUTE MUST SEE IN PERSON! From the second you walk into this beautiful Santa Barbara style Paradise Valley estate you will LOVE the open floor plan, soaring ceilings, walk out of the 16 foot pocket doors to the spectacular Mummy Mountain views, gorgeous resort style pool/backyard. THIS HOME IS AN ENTERTAINERS DREAM. 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. New hardwood flooring throughout the home. Recently updated theatre room. Oversized bedrooms and showers throughout. 4 ENSUITES. Stadium style theater room complete with 4k projector. Welcome home.

Details

Property type

Single Family Residence

Est. home value

$4,346,238

Lot size

1.09 acres

Price per sq ft

$704

Year built

2009

Annual property taxes

$15,222

HOA

No

Price History

01/18/2025
ArizonaRegional

ArizonaRegional #6754720

Price change
$5,220,000
-0.19%
01/07/2025
ArizonaRegional

ArizonaRegional #6754720

Price change
$5,230,000
-0.19%
01/05/2025
ArizonaRegional

ArizonaRegional #6754720

Price change
$5,240,000
-0.19%

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

$3,161,389
Asking price
$5,220,000
Closing costs (~8% of asking)
-$417,600
Est. remaining loan balance
-$1,641,011
Cash to seller
$3,161,389

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

$1,641,011

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: 02/01/2025 at 10:05 PM

Listing updated: 01/31/2025 at 12:40 AM

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

MLS: ArizonaRegional #6754720

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