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37405 North School House Road

37405 North School House Road, Cave Creek, AZ 85331
House in Cave Creek
Sold Mar 23, 2023
$2,780,000
$1,000,000 by Morgan Stanley Private Bank Na
Mortgage Due Apr 01, 2053
Sold May 29, 2020
$2,300,000
$2,000,000 by Settlers Bank
Mortgage
37405 North School House Road has been categorized by the local assessors in Cave Creek, AZ as a residential type of property. The building on the property was first built in 2005 and is 19 years old. Residents will have access to 4 full bathrooms. There are 5 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, 37405 North School House Road has 4,617 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 194,484 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. The roof of the building is made of asphalt and ply sheets in a built-up roof style. The exterior walls of the building are made of adobe. 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. Finally, the property is currently sourcing its water from a municipal system. The property is connected to a septic system and not a municipal sewage system. The homeowner of this property will need to handle their own water disposal. 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, 37405 North School House Road was last sold in Mar 23, 2023 for $2,780,000. According to our calculations, that's $602.12 per sqft. Prior to that sales transaction, the property was sold for $2,300,000 in May 20, 2020. Current property owners are expected to pay $5,983 in taxes per year. The property on 37405 North School House Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $203,530. To break that down further, the land itself was valued at $40,700. While improvements to the property were assessed at a total of $162,830. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Exterior

Stone Exterior
Stucco Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 14
  • Exterior Walls Type: Adobe
  • Roof Cover Type: Built-up
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 3
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 194,484
  • Total Building Area: 4,617
  • Gross Building Area: 4,617
  • Building Area: 4,617
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 4,617
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 4.465
  • Standard Land Use Code: Single family residential
  • Legal Description 1: POR NW4 SEC 34 DAF COM NW4 COR SD SEC 34 TH S ALG W LN NW4 980.19F TO NW COR S2 SW4 NW4 NW4 SEC 34 & POB TH E 328.52F TH CONT E 302.91F TH S 45S 20M W 430.17F TH S 50.92F TH S 45D 25M W 430.51F TH W 25.61F TH N 653.46F TPOB P/F 14-0056231 EX W 33F RD

Ownership

  • Current Owner : TLW CAVE CREEK CASA LLC
  • Previous Owner : RICE GREGORY
  • Previous Owner 2: RICE ANGELA
  • Owner Before Previous Owner: 37405 N SCHOOL HOUSE ROAD LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Cave Creek Unified District
  • Census Tract: 030402

Zoning

  • Zoning: R-89

Geography

  • Parcel: 216-29-014-K
  • Meridian: SEC 34 TWN 6N RNG 4E
  • Municipality: CAVE CREEK
  • Latitude: 33.8245
  • Longitude: -111.943

    Address

  • Full Address: 37405 N School House Rd
  • Address - House Number: 37405
  • Street Direction: N
  • Address - Street Name: School House
  • Address - Suffix Type: Rd
  • State: AZ
  • City Name: Cave Creek
  • Carrier Code: H007
  • 4-Digit Zip Code: 8708
  • Zip Code: 85331

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,983
  • Tax Rate Code Area: 932200

    Appraisal Valuation

  • Standard Deviation: 0.1328
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 84
  • Final Value: 2,960,460
  • High Value: 3,353,738
  • Low Value: 2,567,182

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,000,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Open Lien Mortgage Recording Date: Mar 23, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,000,000
  • 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: Apr 01, 2053

    Market Valuation

  • Market Total Value: $2,035,300
  • Market Land Value: $407,000
  • Market Improvement Value: $1,628,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $203,530
  • Assessed Land Value: $40,700
  • Assessed Improvements Value: $162,830

    Sales

  • Current Sale Contract Date: Mar 23, 2023
  • Current Sale Recording Date: Mar 23, 2023
  • Current Sale Transaction ID: 11903901085
  • Current Sale Price: $2,780,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 146389
  • Previous Sale Recording Date: May 29, 2020
  • Previous Sale Contract Date: May 20, 2020
  • Previous Sale Amount: $2,300,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Mortgage Transaction Date: Mar 23, 2023
  • First Mortgage Loan Amount: $1,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: SETTLERS BANK
  • Previous Mortgage Transaction Date: May 29, 2020
  • Previous Mortgage Loan Amount: $2,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)

About Cave Creek



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Frequently Asked Questions

What neighborhood is 37405 North School House Road located in?
The 37405 North School House Road is a house located in the neighborhood of Cave Creek in Cave Creek, Cave Creek.
What is the average sales price for listings in 37405 North School House Road?
The average sales price for units in 37405 North School House Road is $0 currently.

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