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$2,389,900

Beds
5
Baths
3.5
sq ft
4,192

5501 East Cholla Street, Scottsdale, AZ 85254

5501 East Cholla Street

Scottsdale, AZ 85254

  • 63 days on market
    • Price drop $59,100↓
Introducing a stunning new luxury listing in the heart of Scottsdale, Arizona - a contemporary masterpiece remodeled in 2022 and designed for the discerning homeowner who values elegance, comfort, and entertainment. This exquisite 5 bedroom, 3.5 bathroom residence spans almost 4,200 square feet of living space, offering an ideal blend of modern luxury and desert beauty. The home is situated on an expansive lot with room to relax, play and entertain. The open-concept design has a seamless flow between the gourmet kitchen, dining area, and living room. The chef's kitchen features state-of-the-art appliances, custom cabinetry, a large island with quartz countertops, and a walk-in butler's pantry - perfect for preparing meals while still engaging with guests. Adjacent to the kitchen, the spacious living area boasts a sleek, modern fireplace and four panel sliding glass doors that lead out to the resort-style backyard. The outdoor space is where this home truly shines as an entertainer's delight. A sparkling heated pool with a waterslide anchors the backyard, while an extended length covered patio provides the ideal setting for lounging and hosting gatherings. Enjoy cooking in the fully equipped outdoor kitchen with a new BBQ grill, ample counter space, fireplace and shaded area or relax and unwind in the above ground spa. The primary suite offers a luxurious retreat, complete with a spa-like bathroom featuring a soaking tub, dual vanities, and a walk-in shower. The suite also includes two expansive walk-in closets and direct access to the backyard. Each of the additional four bedrooms is generously sized and this floor plan ensures comfort and privacy for family members and guests alike. This Scottsdale gem combines luxurious living with a prime location, offering easy access to world-class golf courses, upscale shopping, fine dining, and the vibrant cultural scene of Old Town Scottsdale and Kierland. Welcome home!

Details

Property type

Single Family Residence

Est. home value

$1,903,751

Lot size

0.77 acres

Price per sq ft

$571

Year built

1980

Annual property taxes

$8,243

Price History

10/20/2024
ArizonaRegional

ArizonaRegional #6759858

Price change
$2,389,900
-2.41%
10/02/2024
ArizonaRegional

ArizonaRegional #6759858

Price change
$2,449,000
-2.04%
09/20/2024
ArizonaRegional

ArizonaRegional #6759858

Listed
$2,500,000
+56.84%

Schools & Community

Neighborhood: 

Paradise Valley

Elementary school: 

Sequoya 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

$1,763,495
Asking price
$2,389,900
Closing costs (~8% of asking)
-$191,192
Est. remaining loan balance
-$435,213
Cash to seller
$1,763,495

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

Seller’s Loan History

Lender

Bokf Na

Loan start date

January 2019

Original loan amount

$484,350

Est. remaining balance

$435,213

Interest rate

4.63%

Loan type

New Conventional, 30 year

Seller

Timothy M Connolly and Emily N Connolly

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: 11/21/2024 at 8:05 PM

Listing updated: 11/14/2024 at 11:35 AM

Listed by: Alesa Ottaway, eXp Realty Phone #: (888) 897-7821

MLS: ArizonaRegional #6759858

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