tomo logo

$9,500,000

Beds
5
Baths
7.5
sq ft
7,400

5555 North Camino Del Contento, Paradise Valley, AZ 85253

5555 North Camino Del Contento

Paradise Valley, AZ 85253

  • 2 days on market
A SIGNATURE contemporary estate in the heart of Paradise Valley, this architecturally significant property blends rich organic elements w/ monolithic 24-inch rammed earth walls, floor-to-ceiling glass, steel, copper clad exterior, finished concrete floors & warm Douglas Fir ceilings. Designed + built by The Construction Zone, this 2.5-acre compound, secured by dual-gated entry, offers a 3 car-garage & an add'l 8+ car, temp-controlled SHOWROOM garage! Ascend the floating staircase to the primary suite, lofty lounge area, offices, & balconies showcasing city + Cmblk Mtn views. A secondary wing is home to 3 bdrms & exercise room, w/ ensuite bathrooms, family/media room, & private patio. This TIMELESS estate offers mesmerizing views of Cmblk Mtn, spacious guest casita & golf simulator room!

Details

Property type

Single Family Residence

Est. home value

$6,813,193

Lot size

2.53 acres

Price per sq ft

$1,284

Year built

2007

Annual property taxes

$29,510

Price History

11/15/2024
ArizonaRegional

ArizonaRegional #6784428

Listed
$9,500,000
+150%
06/12/2018
ArizonaRegional

ArizonaRegional #5526542

Sold
$3,800,000

Schools & Community

Elementary school: 

Biltmore Preparatory Academy

Middle school: 

Biltmore Preparatory Academy

High school: 

Camelback High School

High school district: 

Phoenix Union High School 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

$6,225,799
Asking price
$9,500,000
Closing costs (~8% of asking)
-$760,000
Est. remaining loan balance
-$2,514,201
Cash to seller
$6,225,799

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

Seller’s Loan History

Lender

City National Bank

Loan start date

June 2018

Original loan amount

$2,850,000

Est. remaining balance

$2,514,201

Interest rate

4.47%

Loan type

New Conventional, 30 year

Seller

Lester J Knispel and Page 2 Trust

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?

Status: Active

Tomo last checked: 11/17/2024 at 2:25 PM

Listing updated: 11/15/2024 at 12:05 PM

Listed by: Cionne L McCarthy, Russ Lyon Sotheby's International Realty Phone #: (480) 287-5200

MLS: ArizonaRegional #6784428

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