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$1,333,490Estimated home value

Beds
4
Baths
2.5
sq ft
2,824

5403 East Cannon Drive, Paradise Valley, AZ 85253

5403 East Cannon Drive

Paradise Valley, AZ 85253

  • Sold On 10/30/2015
Call for times! Vaulted ceilings, bright light-filled spaces and extensive upgrades create a turn-key, low maintenance home, all within the sought after community of Promontory, in Paradise Valley. Nearly every room and bedroom look onto the resort styled backyard, pool and large covered patio with verdant landscaping and maturing trees that give wonderful privacy. 2 New Trane AC units (2009), New Hot Water Heater (2015), New Garage Door (2015), New Paint (2012), Upgraded Landscaping (2008/2009), All New Kitchen Appliances (2008) and many more upgrades. Huge Master Suit with sitting area, separated by a hall from 3 additional, well appointed bedrooms. Every ceiling height is 9' or greater, and you're sure to have room for all your friends in this entertainer's home. Perfectly placed between 3 major shopping areas, Biltmore, Kierland, and Scottsdale Fashion, down the road from groceries, restaurants and many of the valley's famed resorts, convenient 10-min access to two highways, the 51 and 101 - don't pass this up, it's sure to impress, especially as one of the lowest-priced homes in all of Paradise Valley.

Details

Property type

Single Family Residence

Est. home value

$1,333,490

Lot size

0.23 acres

Price per sq ft

$230

Year built

1992

Annual property taxes

$3,628

Monthly HOA fee

$18.75

Price History

04/01/2025
ArizonaRegional

ArizonaRegional #6809000

Removed
$1,595,000
02/26/2025
ArizonaRegional

ArizonaRegional #6809000

Price change
$1,595,000
-3.33%
01/22/2025
ArizonaRegional

ArizonaRegional #6809000

Listed
$1,650,000
+158.82%

Schools & Community

Neighborhood: 

Paradise Valley

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

$319,599
Asking price
$649,500
Closing costs (~8% of asking)
-$51,960
Est. remaining loan balance
-$277,941
Cash to seller
$319,599

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

August 2009

Original loan amount

$412,000

Est. remaining balance

$277,941

Interest rate

5.42%

Loan type

New Conventional, 30 year

Seller

James C Bacon Jr and Susan Ellen Bacon

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: 04/04/2025 at 7:05 PM

Listing updated: 11/17/2023 at 6:23 PM

Listed by: Shane Ashcraft, Russ Lyon Sotheby's International Realty Phone #: (480) 287-5200

MLS: ArizonaRegional #5333416

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