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$1,150,000

Beds
2
Baths
2.0
sq ft
1,661

5511 East Honda Bow Road, Cave Creek, AZ 85331

5511 East Honda Bow Road

Cave Creek, AZ 85331

  • 49 days on market
    • Price drop $45,000↓
2 acre horse property with exceptional views and prime location! This Spur Cross cutie has so much to offer. 2 bedroom/2 bath with a 3rd large flex room. New flooring throughout, new appliances, 2 new ACs & brand new tiled showers. Detached studio space at 485 sqft with its own AC, French doors and large courtyard. Huge back patio, fenced pool, stunning views and ample horse facilities including mare motel with 6 stalls all w/auto waterers electricity & tack room, 40' round pen & 140' x 56' riding arena. Detached 2 car garage is insulated with mini-split and separate electrical panel. Hiking and riding trails right out the door - just minutes from Spur Cross Ranch Conservation Area -this is truly a spectacular property!

Details

Property type

Single Family Residence

Est. home value

$822,184

Lot size

2.06 acres

Price per sq ft

$693

Year built

2000

Annual property taxes

$1,725

HOA

No

Price History

04/01/2025
ArizonaRegional

ArizonaRegional #6818123

Price change
$1,150,000
-3.77%
02/16/2025
ArizonaRegional

ArizonaRegional #6818123

Price change
$1,195,000
-4.02%
02/13/2025
ArizonaRegional

ArizonaRegional #6818123

Listed
$1,245,000

Schools & Community

Elementary school: 

Black Mountain Elementary School

Middle school: 

Sonoran Trails Middle School

High school: 

Cactus Shadows High School

Community features: 

Sidewalks

High school district: 

Cave Creek 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

$985,858
Asking price
$1,150,000
Closing costs (~8% of asking)
-$92,000
Est. remaining loan balance
-$72,142
Cash to seller
$985,858

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

Seller’s Loan History

Lender

First Fidelity Bank Na

Loan start date

April 2014

Original loan amount

$222,500

Est. remaining balance

$72,142

Interest rate

3.39%

Loan type

New Conventional, 15 year

Seller

Michael J Cronin and Kyle H Cronin

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: 04/03/2025 at 11:35 AM

Listing updated: 04/01/2025 at 12:21 PM

Listed by: Jessica Clark, Compass Phone #: (480) 776-1555

MLS: ArizonaRegional #6818123

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