tomo logo

$1,495,000

Beds
4
Baths
2.5
sq ft
2,824

5434 East Cannon Drive, Paradise Valley, AZ 85253

5434 East Cannon Drive

Paradise Valley, AZ 85253

  • 53 days on market
    • Open house Jul 07
Welcome to Cannon Drive! Nestled in the meticulously maintained Promontory community within Paradise Valley, this idyllic 4-bedroom home is situated on a peaceful street. The property has been lovingly maintained and enhanced by its current owners, featuring new flooring and a tranquil backyard oasis. The updated backyard boasts an inviting jacuzzi that cascades into a sparkling blue pool. Adjacent to the pool, you'll find a spacious lawn area and a covered pergola equipped with an outdoor kitchen, perfect for entertaining. Inside, the home offers multiple living spaces, including two great rooms—one formal at the front of the property and one informal at the rear. Down a private hallway, you'll discover three generously sized guest bedrooms and the perfect primary suite. Promontory is located in one of the most desirable areas in town. Just off Shea Blvd, you're minutes away from exceptional shopping and dining in both Scottsdale and Phoenix. Additionally, you are near all the new developments at Paradise Valley Mall. The community is also part of the highly desirable 3 C's School District, which includes Cherokee, Cocopah, and Chaparral schools. Make this your dream home in Paradise Valley!

Details

Property type

Single Family Residence

Est. home value

$1,431,022

Lot size

0.23 acres

Price per sq ft

$530

Year built

1992

Annual property taxes

$4,449

Monthly HOA fee

$27.5

Price History

06/05/2024
ArizonaRegional

ArizonaRegional #6705229

Listed
$1,495,000
05/29/2024
ArizonaRegional

ArizonaRegional #6705229

Pending
$1,495,000
05/15/2024
ArizonaRegional

ArizonaRegional #6705229

Listed
$1,495,000

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

$1,083,547
Asking price
$1,495,000
Closing costs (~8% of asking)
-$119,600
Est. remaining loan balance
-$291,853
Cash to seller
$1,083,547

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

January 2013

Original loan amount

$400,000

Est. remaining balance

$291,853

Interest rate

3.31%

Loan type

New Conventional, 30 year

Seller

Brian S Wright and Lindsay Benjamin

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?

Similar Homes Nearby

Price drop
ArizonaRegional
$1,499,999
4 bd
|
3 ba
|
2,945 sq ft
|
House

5001 East Oakhurst Way, Scottsdale, AZ 85254

Price drop
ArizonaRegional
$1,610,000
4 bd
|
3 ba
|
2,934 sq ft
|
House

5632 East Emile Zola Avenue, Scottsdale, AZ 85254

Price drop
ArizonaRegional
$1,640,000
4 bd
|
2.5 ba
|
2,856 sq ft
|
House

4817 East Cholla Street, Scottsdale, AZ 85254

Status: Active

Tomo last checked: 07/07/2024 at 4:30 AM

Listing updated: 07/02/2024 at 11:33 AM

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

MLS: ArizonaRegional #6705229

ArizonaRegional logo