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11047 East Verbena Lane

11047 East Verbena Lane, Scottsdale, AZ 85255
Sold Jan 03, 2022
$1,425,000
$800,000 by Barrett Financial Group Llc
Mortgage Due Feb 01, 2052
Sold Apr 22, 2013
$742,000
$417,000 by Cornerstone National Bank & Tr
Mortgage Due May 10, 2043
11047 East Verbena Lane has been categorized by the local assessors in Scottsdale, AZ as a residential type of property. The building on the property was first built in 1997 and is 27 years old. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 11047 East Verbena Lane has 3,297 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 11,808 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying a unknown. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The roof of the building is made of concrete. The exterior walls of the building are made of wood. The inside of the home is being cooled with a refrigeration air conditioning system at the moment. In terms of heating, it is utilizing a heating system. The property was last sold in Dec 17, 2021 for $1,425,000. That's $432.21 per sqft. Prior to that sales transaction, the property was also sold in Apr 16, 2013 for $742,000. 11047 East Verbena Lane was last assessed in 2023. The total value of the property was assessed at $107,160. Specifically, the land the property is located on was valued at $21,430. While improvements on the property were assessed at a total of $85,730. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $4,977. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Stucco Exterior

Parking

Garage Parking
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 3
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 11,808
  • Total Building Area: 3,297
  • Gross Building Area: 3,297
  • Building Area: 3,297
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,297
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MCDOWELL MOUNTAIN RANCH PARCEL D AMD
  • Land Acres: 0.271
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MCDOWELL MOUNTAIN RANCH PARCEL D AMD MCR 400-01

Ownership

  • Current Owner : MERKEL BRENDA G
  • Previous Owner : SCI PARTNERS LLC
  • Owner Before Previous Owner: GIACONE DENNIS C
  • Owner Before Previous Owner 2: GIACONE SHARON C
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Scottsdale Unified District
  • Census Tract: 216849

Zoning

  • Zoning: R-18

Geography

  • Assessors Map Reference: 40001
  • Parcel: 217-17-818
  • Lot: 79
  • Meridian: SEC 4 TWN 3N RNG 5E
  • Municipality: SCOTTSDALE
  • Latitude: 33.6394
  • Longitude: -111.843

    Address

  • Full Address: 11047 E Verbena Ln
  • Address - House Number: 11047
  • Street Direction: E
  • Address - Street Name: Verbena
  • Address - Suffix Type: Ln
  • State: AZ
  • City Name: Scottsdale
  • Carrier Code: R076
  • 4-Digit Zip Code: 2411
  • Zip Code: 85255

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,977
  • Tax Rate Code Area: 481402

    Appraisal Valuation

  • Standard Deviation: 0.1328
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 84
  • Final Value: 1,516,699
  • High Value: 1,718,253
  • Low Value: 1,315,145

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $800,000
  • First Open Lien Mortgage Lender: BARRETT FINANCIAL GROUP LLC
  • First Open Lien Mortgage Recording Date: Jan 03, 2022
  • First Open Lien Mortgage Loan Amount: $800,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2052

    Market Valuation

  • Market Total Value: $1,071,600
  • Market Land Value: $214,300
  • Market Improvement Value: $857,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $107,160
  • Assessed Land Value: $21,430
  • Assessed Improvements Value: $85,730

    Sales

  • Current Sale Contract Date: Dec 17, 2021
  • Current Sale Recording Date: Jan 03, 2022
  • Current Sale Transaction ID: 11876294858
  • Current Sale Price: $1,425,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20220003776
  • Previous Sale Recording Date: Apr 22, 2013
  • Previous Sale Contract Date: Apr 16, 2013
  • Previous Sale Amount: $742,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BARRETT FINANCIAL GROUP LLC
  • First Mortgage Transaction Date: Jan 03, 2022
  • First Mortgage Loan Amount: $800,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: CORNERSTONE NATIONAL BANK & TR
  • Previous Mortgage Transaction Date: Apr 22, 2013
  • Previous Mortgage Loan Amount: $417,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 10, 2043

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Frequently Asked Questions

What neighborhood is 11047 East Verbena Lane located in?
The 11047 East Verbena Lane is a house located in the neighborhood of McDowell Mountain Ranch in North Scottsdale, Scottsdale.
What is the average sales price for listings in 11047 East Verbena Lane?
The average sales price for units in 11047 East Verbena Lane is $1,495,000 , or $453/sqft. currently.

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