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$2,399,000

Beds
5
Baths
3.5
sq ft
4,169

5421 East Cannon Drive, Paradise Valley, AZ 85253

5421 East Cannon Drive

Paradise Valley, AZ 85253

  • Pending
Welcome to Cannon Drive! Your search for a beautifully updated home in the heart of Paradise Valley ends here. This property underwent a stunning transformation in 2021, reimagined as an elegant transitional-style home featuring a light, bright, and open floor plan. The finishes are impeccable, blending warm wood and stone accents throughout for a timeless yet modern feel. The main level boasts a spacious great room that seamlessly combines the family room, kitchen, and formal dining area. It also includes an oversized primary suite with a serene ambiance, two guest bedrooms, a stylish hall bathroom, and a moody powder room that adds a touch of sophistication. The lower level offers two additional guest bedrooms, a secondary family room perfect for entertaining or relaxing, and a a well-appointed hall bathroom. Situated on a generous 10,192-square-foot lot, the outdoor space is as impressive as the interior. The thoughtfully designed yard features a sparkling blue pool, a lush grassy area, and a built-in BBQ for hosting memorable gatherings. With over 4,100 square feet of living space, a coveted Paradise Valley mailing address, and placement within the highly desirable 3 C's school district, this home truly has it all!

Details

Property type

Single Family Residence

Est. home value

$2,482,087

Lot size

0.23 acres

Price per sq ft

$576

Year built

1992

Annual property taxes

$4,206

Monthly HOA fee

$27.5

Price History

12/18/2024
ArizonaRegional

ArizonaRegional #6792700

Pending
$2,399,000
12/10/2024
ArizonaRegional

ArizonaRegional #6792700

Listed
$2,399,000
+6.62%
12/29/2021
ArizonaRegional

ArizonaRegional #6320056

Sold
$2,250,000
+73.08%

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

$539,495
Asking price
$2,399,000
Closing costs (~8% of asking)
-$191,920
Est. remaining loan balance
-$1,667,585
Cash to seller
$539,495

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

Seller’s Loan History

Lender

Loandrone Inc

Loan start date

December 2021

Original loan amount

$1,780,000

Est. remaining balance

$1,667,585

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Adam French and Teashia Nelson

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: Pending/Under Contract

Tomo last checked: 12/26/2024 at 6:00 PM

Listing updated: 12/18/2024 at 11:00 AM

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

MLS: ArizonaRegional #6792700

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