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
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
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Paradise Valley, AZ.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$14.2K
Per Month
Principal & Interest
$13.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$217
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$8,461
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Kiva Elementary School
6911 E McDonald Dr
Distance between this listing and this school1.68 miles
Public District Grades PK-5
9
/10
Hopi Elementary School
5110 E Lafayette Blvd
Distance between this listing and this school2.28 miles
Public District Grades KG-5
10
/10
Cherokee Elementary School
8801 N 56th St
Distance between this listing and this school2.50 miles
Public District Grades EE-5
Nearby Schools
5
/10
Echo Canyon School
4330 N 62nd St
Distance between this listing and this school2.18 miles
Public District Grades PK-8
6
/10
Ingleside Middle School
5402 E Osborn Rd
Distance between this listing and this school2.85 miles
Public District Grades 6-8
5
/10
Biltmore Preparatory Academy
4601 N 34th St
Distance between this listing and this school3.23 miles
Public District Grades KG-8
Nearby Schools
5
/10
Arcadia High School
4703 E Indian School Rd
Distance between this listing and this school2.73 miles
Public District Grades 9-12
9
/10
Great Hearts Academies - Archway Veritas
3102 N 56th St
Distance between this listing and this school3.12 miles
Public Charter Grades KG-12
7
/10
Saguaro High School
6250 N 82nd St
Distance between this listing and this school3.12 miles
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.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
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.