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12475 East Laurel Lane

12475 East Laurel Lane, Scottsdale, AZ 85259
Property in Sonoran Heights
Sold Aug 28, 2020
$805,000
Sold May 10, 2007
$825,000
$660,000 by First Magnus Financial Corp
Mortgage Due Jun 01, 2037
Local assessors in Scottsdale, AZ have categorized 12475 East Laurel Lane as a residential type of property. The home was built in 1994 and is 30 years old. The property's lot size has been calculated to be 13,151 square feet. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 12475 East Laurel Lane has a total of 3,305 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 3 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a roof that is made of concrete. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on a refrigeration air conditioning system for their cooling system. The home's a heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 12475 East Laurel Lane was last sold in Aug 12, 2020 for $805,000. According to our calculations, that's $243.57 per sqft. Prior to that sales transaction, the property was sold for $825,000 in May 4, 2007. Current property owners are expected to pay $3,832 in taxes per year. The property on 12475 East Laurel Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $80,770. To break that down further, the land itself was valued at $16,150. While improvements to the property were assessed at a total of $64,620. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • 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

    Dimensions

  • Lot Size Square Feet: 13,151
  • Total Building Area: 3,305
  • Gross Building Area: 3,305
  • Building Area: 3,305
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,305
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SONORAN HEIGHTS LOT 1-263 TR A-N
  • Land Acres: 0.302
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SONORAN HEIGHTS LOT 1-263 TR A-N MCR 311-20

Ownership

  • Current Owner : WALLACE DUSTIN
  • Current Owner 2: CHAN FLORENCE
  • Previous Owner : MUSOLINO JOSEPH P
  • Owner Before Previous Owner: BURRIDGE KENNETH D
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: 31120
  • Parcel: 217-29-235
  • Lot: 196
  • Meridian: SEC 23 TWN 3N RNG 5E
  • Municipality: SCOTTSDALE
  • Latitude: 33.5966
  • Longitude: -111.811

    Address

  • Full Address: 12475 E Laurel Ln
  • Address - House Number: 12475
  • Street Direction: E
  • Address - Street Name: Laurel
  • Address - Suffix Type: Ln
  • State: AZ
  • City Name: Scottsdale
  • Carrier Code: R013
  • 4-Digit Zip Code: 3457
  • Zip Code: 85259

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,832
  • Tax Rate Code Area: 481400

    Appraisal Valuation

  • Standard Deviation: 0.1329
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 84
  • Final Value: 1,179,381
  • High Value: 1,336,125
  • Low Value: 1,022,638

    Market Valuation

  • Market Total Value: $807,700
  • Market Land Value: $161,500
  • Market Improvement Value: $646,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,770
  • Assessed Land Value: $16,150
  • Assessed Improvements Value: $64,620

    Sales

  • Current Sale Contract Date: Aug 12, 2020
  • Current Sale Recording Date: Aug 28, 2020
  • Current Sale Transaction ID: 11784336757
  • Current Sale Price: $805,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20200802152
  • Previous Sale Recording Date: May 10, 2007
  • Previous Sale Contract Date: May 04, 2007
  • Previous Sale Amount: $825,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MIDFIRST BANK
  • First Mortgage Transaction Date: Aug 28, 2020
  • First Mortgage Loan Amount: $500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: FIRST MAGNUS FINANCIAL CORP
  • Previous Mortgage Transaction Date: May 10, 2007
  • Previous Mortgage Loan Amount: $660,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 01, 2037

About North Scottsdale



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Frequently Asked Questions

What neighborhood is 12475 East Laurel Lane located in?
The 12475 East Laurel Lane is a located in the neighborhood of Sonoran Heights in North Scottsdale, Scottsdale.
What is the average sales price for listings in 12475 East Laurel Lane?
The average sales price for units in 12475 East Laurel Lane is $0 currently.

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