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$4,631,588Estimated home value

Beds
4
Baths
5.5
sq ft
7,367

6714 East Berneil Lane, Paradise Valley, AZ 85253

6714 East Berneil Lane

Paradise Valley, AZ 85253

  • Off market
    • Price drop $49,001↓
Step into the timeless elegance of PV living with this majestic estate that boasts exceptional bones and awaits only a COSMETIC REMODEL to unlock its full potential. Nestled in one of AZ's most prestigious neighborhoods, this Santa Barbara Style residence exudes charm and grandeur, inviting you to reimagine luxury living. Beyond its classic architecture lies a treasure trove of possibilities. With its solid foundation and well-designed layout, this home offers a prime canvas for your creativity. Imagine the transformation that awaits with the addition of cathedral tongue and groove ceilings, soaring to heights of 25 + feet or more—an upgrade that would cost significantly more to build from scratch today. As you step inside, the grandeur of the primary suite commands attention. This expansive space offers not only a bedroom but also the potential to create an entire living area unto itself. With its own office, gym, dry sauna, steam shower, and generous walk-in closet, the primary suite presents endless opportunities for customization. Indeed, there's enough room to reconfigure the layout and create a space that feels like a separate home within the home, offering unmatched comfort and luxury.Throughout the rest of the residence, spacious rooms await your vision. Whether you're dreaming of a sleek modern kitchen, luxurious bathrooms, or cozy guest quarters, the possibilities are limited only by your imagination. And with the property's prime location in the heart of PV, surrounded by lush landscaping and stunning mountain views and estates, the stage is set for a lifestyle of unparalleled elegance and sophistication.But perhaps what truly sets this property apart is its rare walkability to all the great amenities that PV has to offer. From boutique shops and fine dining to world-class resorts and spas. Plus, with the added convenience of being located in the coveted 3 C's school district, you'll enjoy access to top-tier education for your family. With no HOA restrictions and ample square footage to work with, this home offers the perfect blend of potential and opportunity. Imagine adding a casita and expanding the garage to accommodate 6-plus cars, transforming this property into a 5 or 6-bedroom oasis that's sure to impress. And with homes of similar size and amenities fetching prices of 7 to 8 million dollars in the area, investing in the remodel of this estate is not just an opportunity to create your dream home, it's also a savvy financial move that promises to build equity and secure your place among Paradise Valley's elite.Don't miss your chance to make your mark before its too expensive to buy.

Details

Property type

Single Family Residence

Est. home value

$4,631,588

Lot size

0.94 acres

Price per sq ft

$577

Year built

1989

Annual property taxes

$11,030

Price History

07/01/2024
ArizonaRegional

ArizonaRegional #6606912

Removed
$4,249,999
04/24/2024
ArizonaRegional

ArizonaRegional #6606912

Price change
$4,249,999
-1.14%
03/28/2024
ArizonaRegional

ArizonaRegional #6606912

Price change
$4,299,000
-4.45%

Schools & Community

Elementary school: 

Cherokee 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

$3,103,587
Asking price
$4,249,999
Closing costs (~8% of asking)
-$340,000
Est. remaining loan balance
-$806,412
Cash to seller
$3,103,587

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

Seller’s Loan History

Lender

Bell Bank

Loan start date

January 2023

Original loan amount

$820,000

Est. remaining balance

$806,412

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Angela B Reynolds and James P Ramirez

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: Off Market

Tomo last checked: 07/04/2024 at 12:20 PM

Listing updated: 06/18/2024 at 11:43 AM

Listed by: Cindy Davis, Launch Powered By Compass Phone #: (480) 776-1555

MLS: ArizonaRegional #6606912

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