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$2,599,000

Beds
5
Baths
5.5
sq ft
5,068

5498 East Butte Canyon Drive, Cave Creek, AZ 85331

5498 East Butte Canyon Drive

Cave Creek, AZ 85331

  • 249 days on market
    • Price drop $198,000↓
Custom old world Hacienda in Canyon Ridge Est on 1.12 acre. Enter the gorgeous iron gates to a one of a kind style residence with privacy and panoramic mountain views. The charming resort style courtyard offers an upgraded heated pool and spa, fireplaces, outdoor kitchen and large patio. Telescopic pocket doors bring the outside into the beautiful open great room and wine bar. Be impressed by the well appointed Gourmet kitchen w/ hand carved dark alder cabinets, viking appliances. Double dishwashers and fridges, massive island. Upgraded finishes and details throughout. A floor to ceiling canterra stone fireplace. Exquisite master suite, spacious with fireplace, luxurious bath. Private casita. Premium location at the foothills, tucked away yet close to amenities. 4+Car. Available turnkey.

Details

Property type

Single Family Residence

Est. home value

$2,152,494

Lot size

1.12 acres

Price per sq ft

$513

Year built

2004

Annual property taxes

$4,606

Monthly HOA fee

$29.17

Price History

04/03/2024
ArizonaRegional

ArizonaRegional #6620444

Price change
$2,599,000
-7.08%
11/01/2023
ArizonaRegional

ArizonaRegional #6620444

Listed
$2,797,000
+104.91%
05/12/2020
ArizonaRegional

ArizonaRegional #6021261

Sold
$1,365,000
+24.09%

Schools & Community

Elementary school: 

Black Mountain Elementary School

Middle school: 

Sonoran Trails Middle School

High school: 

Cactus Shadows High School

High school district: 

Cave Creek Unified District

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bank Of America Na

Loan start date

May 2020

Original loan amount

$1,092,000

Est. remaining balance

Not provided

Interest rate

2.5%

Loan type

New Conventional, 30 year

Seller

Farzam Afshar and Michele Afshar

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: 07/07/2024 at 5:45 AM

Listing updated: 07/04/2024 at 10:13 AM

Listed by: Doreen Chen Reiske, Realty Executives Phone #: (480) 585-0101

MLS: ArizonaRegional #6620444

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