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$4,995,000

Beds
5
Baths
5.5
sq ft
5,950

5676 East Cheney Drive, Paradise Valley, AZ 85253

5676 East Cheney Drive

Paradise Valley, AZ 85253

  • 34 days on market
    • Price drop $5,000↓
Looking to trade up for views? Discover unparalleled luxury here in this distinguished Paradise Valley estate, masterfully crafted by Salcito Custom Homes. Soaring above Paradise Valley in the exclusive, guard gated community of La Place du Sommet, this 5,950 sq. ft. masterpiece offers breathtaking panoramic views from Mummy Mountain, with vistas of the McDowells, Superstition Mountains, and glittering city lights below. The residence features five opulent bedrooms, a mahogany library, a theater, and a gourmet kitchen w/ Viking and Subzero appliances. Seamlessly integrated into the hillside, the home boasts multiple terraces, an infinity spool, and dramatic indoor-outdoor living spaces, epitomizing refined elegance and elevated living.

Details

Property type

Single Family Residence

Est. home value

$4,320,240

Lot size

1.51 acres

Price per sq ft

$840

Year built

1998

Annual property taxes

$11,777

Monthly HOA fee

$625

Price History

09/07/2024
ArizonaRegional

ArizonaRegional #6743011

Price change
$4,995,000
-0.1%
08/13/2024
ArizonaRegional

ArizonaRegional #6743011

Listed
$5,000,000
-3.29%
08/12/2024
ArizonaRegional

ArizonaRegional #6633922

Removed
$5,170,000

Schools & Community

Elementary school: 

Kiva Elementary School

Middle school: 

Mohave Middle School

High school: 

Saguaro Elementary School

Community features: 

Gated

High school district: 

Scottsdale 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

Trustbank

Loan start date

June 2023

Original loan amount

$1,400,000

Est. remaining balance

Not provided

Interest rate

6.43%

Loan type

Commercial

Seller

John N Lamb and Cynthia Brooks Lamb

Lender

United Wholesale Mortgage

Loan start date

April 2022

Original loan amount

$2,718,000

Est. remaining balance

Not provided

Interest rate

4.37%

Loan type

New Conventional, 30 year

Seller

John Nugent Lamb and Cynthia Brooks Lamb

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: 09/16/2024 at 12:35 PM

Listing updated: 09/07/2024 at 12:59 PM

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

MLS: ArizonaRegional #6743011

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