See Home Value
$3,187,178*
House - Off Market

5601 E MONTECITO Avenue

Phoenix, AZ 85018
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4360 Sqft
$1,980,000 - $2,418,000
Reference Base Price*
44.94%
Since Oct 1, 2020
AZ-Phoenix
Primary Model
Sold Oct 15, 2020
$2,070,000
$1,656,000 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2050
Sold Nov 01, 2005
$950,000
$500,000 by Bank Of America Na
Mortgage Due Nov 01, 2035

About This Property

This midcentury modern inspired showpiece is a true original. The thoughtful architecture is a rarity and polished design elements are apparent at every turn. A 30 foot long gallery serves as a showstopping entryway, and each room is filled with contemporary excellence from the European gourmet kitchen to the chic master hideaway. A dramatic 24 foot retractable window wall provides a gorgeous backdrop to the living spaces that offer serene, yet luxurious ambience and seamless indoor and outdoor living. The grounds are spectacular, the views are breathtaking, and together they provide a tasteful and relaxing atmosphere. This high end residence, located in the heart of Arcadia, is super stylish, ultra livable, designed to showcase artwork, and perfect for all types of entertaining!

The manager has listed the unit size as 4360 square feet.
Unit Size
4,360Ft²
Days on Market
-
Land Size
0.79 acres
Price per sqft
$504
Property Type
House
Property Taxes
$10,381
HOA Dues
-
Year Built
2008

Price History

Date / Event Date Event Price
Oct 15, 2020 Sold to Arun L Jayaraman, Ramya Nag... $2,070,000
Sold to Arun L Jayaraman, Ramya Nag...
Sep 15, 2020 No longer available -
No longer available
Jun 6, 2020 Listed $2,199,000
Listed

Property Highlights

Fireplace
With View

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • 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: Built-up
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 3
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 34,204
  • Total Building Area: 4,265
  • Gross Building Area: 4,265
  • Building Area: 4,265
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 4,265
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EDGEWOOD ESTATES
  • Land Acres: 0.785
  • Standard Land Use Code: Single family residential
  • Legal Description 1: EDGEWOOD ESTATES MCR 51/48

Ownership

  • Current Owner : JAYARAMAN ARUN L
  • Current Owner 2: JAYARAMAN RAMYA NAGARAJAN
  • Previous Owner : COURTIN RODERICK L
  • Previous Owner 2: COURTIN HOLLY E
  • Owner Before Previous Owner: CATES CHARLES E
  • Owner Before Previous Owner 2: CATES CORA L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Scottsdale Unified District
  • Census Tract: 108000

Zoning

  • Zoning: R-35

Geography

  • Assessors Map Reference: 5148
  • Parcel: 172-31-009-A
  • Lot: 9
  • Meridian: SEC 21 TWN 2N RNG 4E
  • Municipality: PHOENIX
  • Latitude: 33.4991
  • Longitude: -111.96

    Address

  • Full Address: 5601 E Montecito Ave
  • Address - House Number: 5601
  • Street Direction: E
  • Address - Street Name: Montecito
  • Address - Suffix Type: Ave
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C027
  • 4-Digit Zip Code: 3222
  • Zip Code: 85018

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,048
  • Tax Rate Code Area: 481300

    Appraisal Valuation

  • Standard Deviation: 0.1397
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 83
  • Final Value: 2,948,314
  • High Value: 3,360,425
  • Low Value: 2,536,203

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,656,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Oct 15, 2020
  • First Open Lien Mortgage Loan Amount: $1,656,000
  • 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: Nov 01, 2050

    Market Valuation

  • Market Total Value: $2,049,500
  • Market Land Value: $409,900
  • Market Improvement Value: $1,639,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $204,950
  • Assessed Land Value: $40,990
  • Assessed Improvements Value: $163,960

    Sales

  • Current Sale Contract Date: Sep 02, 2020
  • Current Sale Recording Date: Oct 15, 2020
  • Current Sale Transaction ID: 11792191972
  • Current Sale Price: $2,070,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20200984080
  • Previous Sale Recording Date: Nov 01, 2005
  • Previous Sale Contract Date: Oct 24, 2005
  • Previous Sale Amount: $950,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Oct 15, 2020
  • First Mortgage Loan Amount: $1,656,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Nov 01, 2005
  • Previous Mortgage Loan Amount: $500,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2035



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4 Baths
3,840 ft²
$546/ft²
$2,095,000 Jul 8, 2023
-
$541/mo
House
4 Beds
3.5 Baths
2,710 ft²
$673/ft²
$1,825,000 Apr 23, 2023
-
$938/mo
House
4 Beds
3.5 Baths
2,846 ft²
$666/ft²
$1,895,000 Jun 17, 2023
-
$565/mo
Land
Loft
-
-
$2,595,000 Apr 17, 2022
-
$530/mo

About Camelback East


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Frequently Asked Questions

When was property at 5601 East Montecito Avenue built and last sold?
The property at 5601 East Montecito Avenue was built in 2008 and last sold on Sep 2, 2020 for $2,070,000.
How much is this home worth?
The estimated value of the home located at 5601 East Montecito Avenue is $2,168,856.
What are some comparable homes to 5601 East Montecito Avenue?
There are currently no comparable homes to 5601 East Montecito Avenue.

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