tomo logo

$6,250,000

Beds
5
Baths
9.0
sq ft
9,911

6852 East Fanfol Drive, Paradise Valley, AZ 85253

6852 East Fanfol Drive

Paradise Valley, AZ 85253

  • 43 days on market
    • Price drop $550,000↓
You've found the one you've been looking for. This private luxurious estate, renovated in 2022, is the perfect blend of timeless elegance combined with modern sophistication. From the moment you enter the foyer and see the sweeping staircase, you will be captivated by the grand scale and unparalleled craftsmanship. The estate boasts 5 en-suite bedrooms, library/office, gym, 4 car garage and so much more. European White Oak hardwood floors, tall ceilings, honed granite fireplace in family room, floor to ceiling limestone fireplace in living room, control 4 system and designer finishes. Chef's kitchen with double island, porcelain countertops, walnut cabinets, Wolf and SubZero appliances, plus a full wet bar. The main level primary suite features a private sitting room, gym/massage room, two generously sized walk-in closets, stackable washer/dryer closet, two private water closets and sauna that opens to the courtyard. But wait, there's more! This estate also boasts a junior guest suite complete with a kitchenette (inc microwave, wine fridge and sink) and stunning French Doors that open to the front courtyard. The basement is the perfect hosting space with a full game room, movie theatre and temperature controlled wine room. Mature greenery makes the backyard feel like your own private oasis with dazzling pool, multiple water features, fire features, outdoor kitchen and oversized covered patio. This beauty will not last long!

Details

Property type

Single Family Residence

Est. home value

$5,422,366

Lot size

0.93 acres

Price per sq ft

$631

Year built

2008

Annual property taxes

$13,467

Price History

10/30/2024
ArizonaRegional

ArizonaRegional #6764253

Price change
$6,250,000
-8.09%
09/30/2024
ArizonaRegional

ArizonaRegional #6764253

Listed
$6,800,000
+112.5%
02/01/2021
ArizonaRegional

ArizonaRegional #6140135

Sold
$3,200,000

Schools & Community

Elementary school: 

Cherokee Elementary School

Middle school: 

Cocopah Middle School

High school: 

Chaparral High School

Community features: 

Playground

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

$4,156,065
Asking price
$6,250,000
Closing costs (~8% of asking)
-$500,000
Est. remaining loan balance
-$1,593,935
Cash to seller
$4,156,065

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

Seller’s Loan History

Lender

Plaza Home Mortgage Inc

Loan start date

March 2023

Original loan amount

$1,625,400

Est. remaining balance

$1,593,935

Interest rate

6.12%

Loan type

New Conventional, 30 year

Seller

John B Wallace

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?

Similar Homes Nearby

Price drop
ArizonaRegional
$5,595,000
5 bd
|
5.5 ba
|
7,010 sq ft
|
House

5455 East Berneil Drive, Paradise Valley, AZ 85253

ArizonaRegional
$5,389,000
5 bd
|
5.5 ba
|
6,637 sq ft
|
House

12232 North 65th Place, Scottsdale, AZ 85254

ArizonaRegional
$6,000,000
5 bd
|
6.5 ba
|
6,872 sq ft
|
House

5636 E Via Buena Vista, Paradise Valley, AZ 85253

Status: Active

Tomo last checked: 11/12/2024 at 3:55 PM

Listing updated: 11/11/2024 at 12:59 AM

Listed by: Christopher V Karas, Compass Phone #: (480) 776-1555

MLS: ArizonaRegional #6764253

ArizonaRegional logo