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5315 East Wallace Avenue

5315 East Wallace Avenue, Scottsdale, AZ 85254
Sold Nov 16, 2021
$655,000
$524,000 by Rocket Mortgage Llc
Mortgage Due Dec 01, 2051
Sold Sep 07, 2021
$645,200
Local assessors in Scottsdale, AZ have categorized 5315 East Wallace Avenue as a residential type of property. The home was built in 1983 and is 41 years old. The property's lot size has been calculated to be 10,879 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 2 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 5315 East Wallace Avenue has a total of 1,682 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 2 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 asphalt. 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. 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, 5315 East Wallace Avenue sold most recently in Nov 15, 2021 for a total of $655,000. If you work out the math, that's approximately a cost of $389.42 per sqft. Before that, the property was also sold for $645,200 in Sep 6, 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 $2,815 in taxes each year. 5315 East Wallace Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $48,380. If we break it down further, the land itself was valued at $9,670. Improvements to the property, however, were assessed at a total of $38,710. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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

Brick Venner Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,879
  • Total Building Area: 1,682
  • Gross Building Area: 1,682
  • Building Area: 1,682
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,682
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HONEYRIDGE MANOR
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HONEYRIDGE MANOR MCR 210-46

Ownership

  • Current Owner : FRIEL DANIEL
  • Previous Owner : OPENDOOR PROPERTY TRUST I
  • Owner Before Previous Owner: WOODBURN COLE
  • Owner Before Previous Owner 2: WOODBURN JENNIFER
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: III

Neighborhood

  • School District Name: Paradise Valley Unified District
  • Census Tract: 103216

Zoning

  • Zoning: R-10

Geography

  • Assessors Map Reference: 21046
  • Parcel: 215-89-082
  • Lot: 19
  • Meridian: SEC 5 TWN 3N RNG 4E
  • Municipality: PHOENIX
  • Latitude: 33.6389
  • Longitude: -111.967

    Address

  • Full Address: 5315 E Wallace Ave
  • Address - House Number: 5315
  • Street Direction: E
  • Address - Street Name: Wallace
  • Address - Suffix Type: Ave
  • State: AZ
  • City Name: Scottsdale
  • Carrier Code: C050
  • 4-Digit Zip Code: 1119
  • Zip Code: 85254

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,815
  • Tax Rate Code Area: 691300

    Appraisal Valuation

  • Standard Deviation: 0.1472
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 697,013
  • High Value: 799,681
  • Low Value: 594,346

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $524,000
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Nov 16, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $524,000
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $483,800
  • Market Land Value: $96,700
  • Market Improvement Value: $387,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,380
  • Assessed Land Value: $9,670
  • Assessed Improvements Value: $38,710

    Sales

  • Current Sale Contract Date: Nov 15, 2021
  • Current Sale Recording Date: Nov 16, 2021
  • Current Sale Transaction ID: 11865935624
  • Current Sale Price: $655,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20211225036
  • Previous Sale Recording Date: Sep 07, 2021
  • Previous Sale Contract Date: Sep 06, 2021
  • Previous Sale Amount: $645,200
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Nov 16, 2021
  • First Mortgage Loan Amount: $524,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Paradise Valley



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Frequently Asked Questions

What neighborhood is 5315 East Wallace Avenue located in?
The 5315 East Wallace Avenue is a house located in the neighborhood of Honeyridge Manor in Paradise Valley, Scottsdale.
What is the average sales price for listings in 5315 East Wallace Avenue?
The average sales price for units in 5315 East Wallace Avenue is $0 currently.

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