2 months on rocket

5587 E Edward Ln, Paradise Valley, AZ, 85253

$2,800,000

3 Bedrooms
3 Baths
2,502 SqFt
$1,119/SqFt
Multi

Location

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Property Highlights

Home TypeMulti Family
ParkingDir Entry frm Garage, Electric Door Opener, Extnded Lngth Garage, Electric Vehicle Charging Station(s)
Garage2 spaces
Year Built2018
HeatingElectric, ENERGY STAR Qualified Equipment
CoolingCeiling Fan(s), ENERGY STAR Qualified Equipment, Other
FireplaceOther (See Remarks), 1 Fireplace
ViewMountain(s)
MLS #6746956
Lot Size0.06 Acres
StatusActive

About 5587 E Edward Ln

Lock and leave modern Villa, southern exposure and views of iconic Camelback Mountain. First floor, end unit on quiet street, single level living, 10' ceilings, Sierra Pacific casement windows and 9' bi-fold doors, wood floors throughout, dual fuel 48'' Wolf range w 6 burners, 48'' Wolf wall hood, 48'' Sub-Zero refrigerator, new Cove DW, Quartz countertops, Rinnai Tankless water heater, Kohler fixtures, Emtek door hardware, Toto lavatories, motorized shades, Distinctive custom cabinets and custom closet design, garage storage, epoxy finish and electric car charger, Resort style living, Concierge svcs, golf, artisanal dining, Fitness studio w yoga, pilates & more. Long list of personalized guest services at Mountain Shadows Resort. NO SHORT TERM RENTALS - 6 mo minimum lease. Citizens Club members enjoy priority tee time access on the golf course, equal to hotel guests, use of 4500 sf fitness center and all group fitness classes, introductory fitness assessment, use of day locker facilities, and signing and charging privileges throughout the Resort. Mountain Shadows Resort Amenities made available to Villas Homeowners include a 15% discount to the lower of the "Best Available Rate" or "Rack Rate" before discount to Resort guests, including: Hotel Room Nights Restaurant Food & Beverage Greens and Cart Fees Poolside Cabanas Retail Outlets Hotel Valet or Self Parking Nome Meal Delivery from the Resort's Food and Beverage Outlets Alarm system, prewired for motorized shades, smart home.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2018
  • Stories: 2
  • Living Area: 2,502 SqFt

Listing Office:

  • Office Name: RETSY
  • Office Phone: (602) 842-0000
  • Listing Agent: Maura Casey

Interior Features

Interior Information:

  • Flooring Type: Tile, Wood
  • Interior: Other, See Remarks, Breakfast Bar, 9+ Flat Ceilings, Fire Sprinklers, No Interior Steps, Kitchen Island, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet, Smart Home
  • Fireplace: Other (See Remarks), 1 Fireplace

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Mountain(s)
  • Exterior: Other, Covered Patio(s), Patio, Private Street(s), Private Yard

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Dir Entry frm Garage, Electric Door Opener, Extnded Lngth Garage, Electric Vehicle Charging Station(s)

Lot Features

Lot Information:

  • Lot: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front
  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Electric, ENERGY STAR Qualified Equipment
  • Cooling: Ceiling Fan(s), ENERGY STAR Qualified Equipment, Other

Other

Directions Information:

  • Directions: S side of Lincoln Dr, West of 56th St, turn S on Mountain Shadows Dr, go through guard gate, Left on Arroyo Verde, Left at guest parking, Right on E Edward Ln. Villa is 3rd driveway on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,800,000
  • Price Per SqFt: $1,119/SqFt

HOA Fees:

  • Amount: $217
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $4,453
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Paradise Valley, AZ.

Med. Sold Price

$3.1M

Med. Price/SqFt

$717

Avg. Days On Market

84

# of Sold Homes

21

5587 E Edward Ln vs Paradise Valley

76 DAYS ON ROCKET

-8 Days

$2,800,000

-$350K Less

$1,119/SqFt

+$401 More

KEY TAKEAWAY

This property is $350K less than the Median Sold Price and $401/SqFt more than other homes in Paradise Valley, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Arizona Regional Multiple Listing Service 2
  • MLS Number: #6746956

Listing Office:

  • Office Name: RETSY
  • Office Phone: (602) 842-0000
  • Listing Agent: Maura Casey

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 10:21:09 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 17, 2019Home Sold
$1,462,361

Tax History

YEARPROP. TAXASSESSMENT
2021$4,453$137,020
2020$4,431$146,250
2019$416$77,070
2017$767$15,237

History based on county public records data.

Payment Calculator

$14.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,461

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-442351
9
/10
  • Kiva Elementary School

  • 6911 E McDonald Dr

  • 1.68 miles

  • Public District Grades PK-5

school-card-donut-442352
9
/10
  • Hopi Elementary School

  • 5110 E Lafayette Blvd

  • 2.28 miles

  • Public District Grades KG-5

school-card-donut-442353
10
/10
  • Cherokee Elementary School

  • 8801 N 56th St

  • 2.50 miles

  • Public District Grades EE-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $123,958. The majority of Paradise Valley, AZ residents have income $200k+ annually. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

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Rocket Homes›Arizona›Maricopa County›Paradise Valley›85253›5587 E Edward Ln

This home is located at 5587 E Edward Ln in Paradise Valley, AZ and zip code 85253 in the Mountain Shadows Estates West neighborhood. This 2,502 square foot home, which was built in 2018, sits on a 0.06 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 06, 2024 and is currently priced at $2,800,000.

While more than 2 listings in Paradise Valley, AZ in October 2024 were sold above asking price, there were more than 5 listings sold at asking price, and more than 14 were sold below. The number of homes for sale in Paradise Valley, AZ increased by 16.9% between September 2024 and October 2024. While the average time on the market in October 2024 was 84 days, the median list price was $3,150,000.

From Rocket Homes Real Estate and based on county public records data.

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