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5225 North 63rd Place

5225 North 63rd Place, Paradise Valley, AZ 85253
Sold Sep 29, 2021
$2,750,000
$195,500 by Homeowners Financial Group Usa
Mortgage Due Oct 01, 2051
Sold Mar 19, 2021
$1,715,000
$1,800,000 by Center Street Lending Viii Spe
Mortgage
5225 North 63rd Place has been categorized by the local assessors in Paradise Valley, AZ as a residential type of property. The building on the property was first built in 1995 and is 29 years old. Residents will have access to 5 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, 5225 North 63rd Place has 5,052 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 16,962 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 A by the local assessor. The roof of the building is made of concrete. The exterior walls of the building are made of a combination of material. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5225 North 63rd Place sold most recently in Sep 27, 2021 for a total of $2,750,000. If you work out the math, that's approximately a cost of $544.34 per sqft. Before that, the property was also sold for $1,715,000 in Mar 2, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $8,290 in taxes each year. 5225 North 63rd Place was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $159,130. If we break it down further, the land itself was valued at $31,820. Improvements to the property, however, were assessed at a total of $127,310. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Stucco Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 16
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • 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: 16,962
  • Total Building Area: 5,052
  • Gross Building Area: 5,052
  • Building Area: 5,052
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 5,052
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ESTATES AT CHOLLA AMD
  • Land Acres: 0.389
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ESTATES AT CHOLLA AMD MCR 392-11

Ownership

  • Current Owner : CHAPMAN JOHN M
  • Current Owner 2: MAHONEY MOLLY F
  • Previous Owner : CMS EQUITY INC
  • Owner Before Previous Owner: FANN PAUL MICHAEL
  • Owner Before Previous Owner 2: FANNTASTIC TRUST
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants
  • Owner Generation Identifier: IV

Neighborhood

  • School District Name: Scottsdale Unified District
  • Census Tract: 107900

Zoning

  • Zoning: R-18

Geography

  • Assessors Map Reference: 39211
  • Parcel: 172-10-124
  • Lot: 4
  • Meridian: SEC 16 TWN 2N RNG 4E
  • Municipality: PHOENIX
  • Latitude: 33.5141
  • Longitude: -111.944

    Address

  • Full Address: 5225 N 63rd Pl
  • Address - House Number: 5225
  • Street Direction: N
  • Address - Street Name: 63rd
  • Address - Suffix Type: Pl
  • State: AZ
  • City Name: Paradise Valley
  • Carrier Code: C023
  • 4-Digit Zip Code: 6982
  • Zip Code: 85253

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,290
  • Tax Rate Code Area: 481300

    Appraisal Valuation

  • Standard Deviation: 0.1378
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 83
  • Final Value: 2,611,028
  • High Value: 2,970,956
  • Low Value: 2,251,100

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $195,500
  • First Open Lien Mortgage Lender: HOMEOWNERS FINANCIAL GROUP USA
  • First Open Lien Mortgage Recording Date: Sep 29, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $195,500
  • 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: Oct 01, 2051

    Market Valuation

  • Market Total Value: $1,591,300
  • Market Land Value: $318,200
  • Market Improvement Value: $1,273,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $159,130
  • Assessed Land Value: $31,820
  • Assessed Improvements Value: $127,310

    Sales

  • Current Sale Contract Date: Sep 27, 2021
  • Current Sale Recording Date: Sep 29, 2021
  • Current Sale Transaction ID: 11857370991
  • Current Sale Price: $2,750,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20211052074
  • Previous Sale Recording Date: Mar 19, 2021
  • Previous Sale Contract Date: Mar 02, 2021
  • Previous Sale Amount: $1,715,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMEOWNERS FINANCIAL GROUP USA
  • First Mortgage Transaction Date: Sep 29, 2021
  • First Mortgage Loan Amount: $195,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: CENTER STREET LENDING VIII SPE
  • Previous Mortgage Transaction Date: Mar 19, 2021
  • Previous Mortgage Loan Amount: $1,800,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 5225 North 63rd Place located in?
The 5225 North 63rd Place is a located in the neighborhood of Estates at Cholla in Camelback East, Paradise Valley.
What is the average sales price for listings in 5225 North 63rd Place?
The average sales price for units in 5225 North 63rd Place is $0 currently.

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