7401 N Scottsdale Rd #24 · Scottsdale, AZ 85253

$529,900

3 bd · 3.0 ba · 2,351 sqft · Condo public records · 164 Days on market

Built 1975 $225/sqft · 57% below area $752/mo HOA · 13% of rent

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +20.2/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.4/10.0
• 1% rule +5.9/10.0
• Schools +4.8/10.0
• Rent growth +4.7/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Updated Shores residence located close to top shops & fine dining, with optional access to all The McCormick offers, & the public McCormick Ranch golf course on the lake. Camelback Country Club is across Scottsdale Rd. Fantastic shopping & dining are a short walk or drive, plus the upcoming redo of the Chart House next door by the Mastro's founders, and redevelopment of the Forever Living complex across the Lake. Glass panels in the upstairs hall open the space to light & mountain, lake & golf views. Custom power shades, tasteful flooring, fixtures & beautiful RH lighting make this special, with elegant bathrooms, kitchen & bar. There are multiple options for lounging, work and dining indoors, & 3 different patio/decks for sun or shade. The HVAC & roof were recently replaced/redone. the Roof was resurfaced Classic finishes offer a sophisticated retreat with great connection to the resort surroundings. The Shores HOA fee includes all utilities w. cable except electricity (see documents for Homeowner's actual low billing), and community and exterior structure maintenance. The McCormick Resort next door offers homeowners access to a resort-style pool with towel and food-and-beverage service, a state-of-the-art fitness center, pickleball courts, tennis courts w instruction programs, and kayaking and paddle boating on the lake, with a low daily Resort Fee, or annual pass (as available through Bella Gilley at Millenium Resorts).

Key facts

• $752 HOA
• 2 parking spots
• Built 1975

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath condo listed at $530k.

Deal economics

• At list price, monthly cash flow is $671 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $530k).
• Recommended offer: $466k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 2.5% in Scottsdale — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#4 in AZ, #1,756 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, employment A+; Watch: health & safety C-, cost of living F.
• Scottsdale Unified District (4240) (urban): math 53% / reading 55% proficiency, ranked #30 of 249 in AZ (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+8.6%/yr); 349 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 36,011 units permitted in Maricopa County in 2024 (12,801 in 5+ unit buildings).
• This rent runs 38% of the median local income ($185k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $57k of equity ($4k loan paydown + $53k appreciation (10.0% local appreciation)).
• Maricopa County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 8.0% rent growth), your $148k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$91k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 164 days — a 12% lower offer ($466k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 3y ago; this cycle's ask has dropped $165k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 6→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $466,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 164 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.09% ✓
• Cap rate: 7.81%
• Cash-on-cash: 5.42%
• DSCR: 1.24
• GRM: 7.6

CMA / ARV

• ARV (median comp): $1,257,930
• List price: $529,900
• Delta: -57.88%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 30.3%
• Equity multiple: 3.44×
• Total profit: $362,101
• Equity at exit: $477,376

10-year hold

• IRR: 28.0%
• Equity multiple: 8.47×
• Total profit: $1,108,883
• Equity at exit: $1,029,479

Cash invested: $148,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Arizona: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

5-day pay-or-quit; AZ courts known for speed; no state rent control; cities preempted by state law.

Methodology + full state rankings →

ZIP-level market 85253

• Home prices YoY: 4.2%
• Rents YoY: 8.6%
• Active inventory: 349
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $5,781 high
• Mortgage (P&I): −$2,779
• Tax from tax record: −$145 /mo · $1,738/yr
• Insurance: −$221
• HOA: −$752
• Vacancy / Maint / Mgmt: −$1,214
• Net cashflow: $671

Break-even live

Break-even rent $4,932

Max offer price $529,900

Occupancy floor 83%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $132,475
• Closing costs: $15,897
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7401 N Scottsdale Rd Paradise Valley, AZ	3.0	2.0–2.5	1930	$2,898	$1.50	24d	2	0.02mi
7275 N Scottsdale Rd #1019 Paradise Valley, AZ	4.0	3.5	3062	$6,800	$2.22	43d	1	0.21mi
7614 E Gila Bend Rd Scottsdale, AZ	3.0	3.0	2608	$6,900	$2.65	43d	1	0.45mi
7238 E Joshua Tree Ln Scottsdale, AZ	2.0	2.0	2033	$3,450	$1.70	3d	1	0.64mi
6842 N 72nd Pl Scottsdale, AZ	3.0	2.0	2300	$7,500	$3.26	43d	1	0.66mi
7773 E Stallion Rd Scottsdale, AZ	3.0	2.0	1812	$4,000	$2.21	24d	1	0.68mi
6834 N 72nd Pl Scottsdale, AZ	3.0	2.0	2300	$8,500	$3.70	43d	1	0.68mi
7799 E Oakshore Dr Scottsdale, AZ	2.0	2.0	1813	$10,000	$5.52	43d	1	0.69mi
6819 N 73rd St Scottsdale, AZ	2.0	2.0	2032	$6,000	$2.95	43d	1	0.70mi
7720 N Pinesview Dr Scottsdale, AZ	3.0	2.0	1618	$5,500	$3.40	43d	1	0.76mi
7819 E Via Rio Scottsdale, AZ	3.0	2.0	2053	$8,200	$3.99	43d	1	0.81mi
7620 E Via del Placito Scottsdale, AZ	4.0	2.5	2829	$18,000	$6.36	43d	1	0.81mi
6587 N Palmeraie Blvd #3022 Paradise Valley, AZ	3.0	3.5	3202	$25,000	$7.81	7d	1	0.83mi
6587 N Palmeraie Blvd Paradise Valley, AZ	3.0	4.0	3202	$25,000	$7.81	43d	1	0.83mi
6587 N Palmeraie Blvd #2003 Paradise Valley, AZ	2.0	2.5	2100	$13,500	$6.43	43d	1	0.83mi
6587 N Palmeraie Blvd #3032 Paradise Valley, AZ	2.0	3.0	1926	$18,000	$9.35	44d	1	0.83mi
7837 E Via Marina Scottsdale, AZ	3.0	2.0	1821	$11,500	$6.32	43d	1	0.83mi
7285 E Las Palmaritas Dr Scottsdale, AZ	3.0	2.5	2586	$7,500	$2.90	21d	1	0.84mi
7330 E Las Palmaritas Dr Scottsdale, AZ	3.0	3.5	2700	$10,000	$3.70	21d	1	0.87mi
7838 E Via Costa Scottsdale, AZ	3.0	2.0	2013	$7,000	$3.48	43d	1	0.87mi
6587 N Palmeraie Blvd Unit 2015 Paradise Valley, AZ	2.0	2.5	1926	$20,000	$10.38	43d	1	0.90mi
7500 N Via Camello del Sur Scottsdale, AZ	3.0	2.0	2295	$4,500	$1.96	43d	1	0.92mi
7506 N Via Camello del Sur Scottsdale, AZ	2.0	2.0	2130	$6,500	$3.05	43d	1	0.93mi
7322 E Sierra Vista Dr Scottsdale, AZ	3.0	4.0	2854	$10,500	$3.68	43d	1	0.93mi
7513 N Via Camello del Sur Scottsdale, AZ	2.0	2.0	1890	$3,095	$1.64	24d	1	0.95mi
7519 N Via Camello del Sur Scottsdale, AZ	2.0	2.0	1890	$3,750	$1.98	43d	1	0.96mi
7893 E Joshua Tree Ln Scottsdale, AZ	3.0	2.5	1640	$4,600	$2.80	43d	1	0.96mi
7278 E Echo Ln Scottsdale, AZ	3.0	2.5	2925	$9,500	$3.25	24d	1	0.97mi
7636 N Via Camello del Sur Scottsdale, AZ	2.0	2.0	1890	$14,500	$7.67	43d	1	0.97mi
7537 N Via Camello del Sur Scottsdale, AZ	2.0	2.0	1812	$4,900	$2.70	43d	1	0.98mi
7933 E Pepper Tree Ln Scottsdale, AZ	3.0	2.5	1640	$2,599	$1.58	43d	1	0.99mi
7638 E Via de Lindo Scottsdale, AZ	3.0	2.0	2248	$9,000	$4.00	43d	1	1.00mi
7305 E Del Acero Dr Scottsdale, AZ	2.0	2.5	2010	$9,500	$4.73	43d	1	1.06mi
6333 N Scottsdale Rd Unit 22 Scottsdale, AZ	3.0	3.5	2892	$9,000	$3.11	24d	1	1.06mi
8109 E Via Sonrisa Unit 1545669P Scottsdale, AZ	3.0	2.0	1614	$4,058	$2.51	14d	1	1.08mi
7650 N Via de Fonda Scottsdale, AZ	2.0	2.0	1812	$4,400	$2.43	43d	1	1.08mi
8095 E Via del Desierto Scottsdale, AZ	2.0	2.0	1890	$3,995	$2.11	43d	1	1.08mi
7974 E Via Campo Scottsdale, AZ	4.0	3.0	2852	$6,450	$2.26	43d	1	1.09mi
7745 N Via Camello del Sur Scottsdale, AZ	2.0	2.0	1890	$4,500	$2.38	43d	1	1.11mi
8012 E Via Campo Scottsdale, AZ	4.0	2.0	2430	$3,950	$1.63	43d	1	1.11mi

HOA detail condo

• Monthly dues: $752 · $9,024/yr
• Likely covers: electriccablepoolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 46 events

1. 2026-06-18
   days on market $529,900 Active 164 DOM
2. 2026-06-17
   days on market $529,900 Active 163 DOM
3. 2026-06-16
   days on market $529,900 Active 162 DOM
4. 2026-06-15
   days on market $529,900 Active 161 DOM
5. 2026-06-13
   days on market $529,900 Active 159 DOM
6. 2026-06-09
   days on market $529,900 Active 155 DOM
7. 2026-06-08
   statusdays on market $529,900 Active 154 DOM
8. 2026-06-07
   days on market $529,900 Under Contract Accepting Backups 153 DOM
9. 2026-06-04
   days on market $529,900 Under Contract Accepting Backups 150 DOM
10. 2026-06-03
    days on market $529,900 Under Contract Accepting Backups 149 DOM
11. 2026-06-02
    days on market $529,900 Under Contract Accepting Backups 148 DOM
12. 2026-06-01
    days on market $529,900 Under Contract Accepting Backups 147 DOM
13. 2026-05-31
    days on market $529,900 Under Contract Accepting Backups 146 DOM
14. 2026-05-18
    price $529,900 1484-char remark

    Show marketing remark (1484 chars)

    Updated Shores residence located close to top shops & fine dining, with optional access to all The McCormick offers, & the public McCormick Ranch golf course on the lake. Camelback Country Club is across Scottsdale Rd. Fantastic shopping & dining are a short walk or drive, plus the upcoming redo of the Chart House next door by the Mastro's founders, and redevelopment of the Forever Living complex across the Lake. Glass panels in the upstairs hall open the space to light & mountain, lake & golf views. Custom power shades, tasteful flooring, fixtures & beautiful RH lighting make this special, with elegant bathrooms, kitchen & bar. There are multiple options for lounging, work and dining indoors, & 3 different patio/decks for sun or shade. The HVAC & roof were recently replaced/redone. the Roof was resurfaced Classic finishes offer a sophisticated retreat with great connection to the resort surroundings. The Shores HOA fee includes all utilities w. cable except electricity (see documents for Homeowner's actual low billing), and community and exterior structure maintenance. The McCormick Resort next door offers homeowners access to a resort-style pool with towel and food-and-beverage service, a state-of-the-art fitness center, pickleball courts, tennis courts w instruction programs, and kayaking and paddle boating on the lake, with a low daily Resort Fee, or annual pass (as available through Bella Gilley at Millenium Resorts).

15. 2026-05-11
    price $575,000 1484-char remark

    Show marketing remark (1484 chars)

    Updated Shores residence located close to top shops & fine dining, with optional access to all The McCormick offers, & the public McCormick Ranch golf course on the lake. Camelback Country Club is across Scottsdale Rd. Fantastic shopping & dining are a short walk or drive, plus the upcoming redo of the Chart House next door by the Mastro's founders, and redevelopment of the Forever Living complex across the Lake. Glass panels in the upstairs hall open the space to light & mountain, lake & golf views. Custom power shades, tasteful flooring, fixtures & beautiful RH lighting make this special, with elegant bathrooms, kitchen & bar. There are multiple options for lounging, work and dining indoors, & 3 different patio/decks for sun or shade. The HVAC & roof were recently replaced/redone. the Roof was resurfaced Classic finishes offer a sophisticated retreat with great connection to the resort surroundings. The Shores HOA fee includes all utilities w. cable except electricity (see documents for Homeowner's actual low billing), and community and exterior structure maintenance. The McCormick Resort next door offers homeowners access to a resort-style pool with towel and food-and-beverage service, a state-of-the-art fitness center, pickleball courts, tennis courts w instruction programs, and kayaking and paddle boating on the lake, with a low daily Resort Fee, or annual pass (as available through Bella Gilley at Millenium Resorts).

16. 2026-05-01
    price $599,000 1484-char remark

    Show marketing remark (1484 chars)

    Updated Shores residence located close to top shops & fine dining, with optional access to all The McCormick offers, & the public McCormick Ranch golf course on the lake. Camelback Country Club is across Scottsdale Rd. Fantastic shopping & dining are a short walk or drive, plus the upcoming redo of the Chart House next door by the Mastro's founders, and redevelopment of the Forever Living complex across the Lake. Glass panels in the upstairs hall open the space to light & mountain, lake & golf views. Custom power shades, tasteful flooring, fixtures & beautiful RH lighting make this special, with elegant bathrooms, kitchen & bar. There are multiple options for lounging, work and dining indoors, & 3 different patio/decks for sun or shade. The HVAC & roof were recently replaced/redone. the Roof was resurfaced Classic finishes offer a sophisticated retreat with great connection to the resort surroundings. The Shores HOA fee includes all utilities w. cable except electricity (see documents for Homeowner's actual low billing), and community and exterior structure maintenance. The McCormick Resort next door offers homeowners access to a resort-style pool with towel and food-and-beverage service, a state-of-the-art fitness center, pickleball courts, tennis courts w instruction programs, and kayaking and paddle boating on the lake, with a low daily Resort Fee, or annual pass (as available through Bella Gilley at Millenium Resorts).

17. 2026-04-10
    price $604,000 1484-char remark

    Show marketing remark (1484 chars)

    Updated Shores residence located close to top shops & fine dining, with optional access to all The McCormick offers, & the public McCormick Ranch golf course on the lake. Camelback Country Club is across Scottsdale Rd. Fantastic shopping & dining are a short walk or drive, plus the upcoming redo of the Chart House next door by the Mastro's founders, and redevelopment of the Forever Living complex across the Lake. Glass panels in the upstairs hall open the space to light & mountain, lake & golf views. Custom power shades, tasteful flooring, fixtures & beautiful RH lighting make this special, with elegant bathrooms, kitchen & bar. There are multiple options for lounging, work and dining indoors, & 3 different patio/decks for sun or shade. The HVAC & roof were recently replaced/redone. the Roof was resurfaced Classic finishes offer a sophisticated retreat with great connection to the resort surroundings. The Shores HOA fee includes all utilities w. cable except electricity (see documents for Homeowner's actual low billing), and community and exterior structure maintenance. The McCormick Resort next door offers homeowners access to a resort-style pool with towel and food-and-beverage service, a state-of-the-art fitness center, pickleball courts, tennis courts w instruction programs, and kayaking and paddle boating on the lake, with a low daily Resort Fee, or annual pass (as available through Bella Gilley at Millenium Resorts).

18. 2026-02-26
    price $624,900 1484-char remark

    Show marketing remark (1484 chars)

    Updated Shores residence located close to top shops & fine dining, with optional access to all The McCormick offers, & the public McCormick Ranch golf course on the lake. Camelback Country Club is across Scottsdale Rd. Fantastic shopping & dining are a short walk or drive, plus the upcoming redo of the Chart House next door by the Mastro's founders, and redevelopment of the Forever Living complex across the Lake. Glass panels in the upstairs hall open the space to light & mountain, lake & golf views. Custom power shades, tasteful flooring, fixtures & beautiful RH lighting make this special, with elegant bathrooms, kitchen & bar. There are multiple options for lounging, work and dining indoors, & 3 different patio/decks for sun or shade. The HVAC & roof were recently replaced/redone. the Roof was resurfaced Classic finishes offer a sophisticated retreat with great connection to the resort surroundings. The Shores HOA fee includes all utilities w. cable except electricity (see documents for Homeowner's actual low billing), and community and exterior structure maintenance. The McCormick Resort next door offers homeowners access to a resort-style pool with towel and food-and-beverage service, a state-of-the-art fitness center, pickleball courts, tennis courts w instruction programs, and kayaking and paddle boating on the lake, with a low daily Resort Fee, or annual pass (as available through Bella Gilley at Millenium Resorts).

19. 2026-02-20
    price $649,900 1484-char remark

    Show marketing remark (1484 chars)

    Updated Shores residence located close to top shops & fine dining, with optional access to all The McCormick offers, & the public McCormick Ranch golf course on the lake. Camelback Country Club is across Scottsdale Rd. Fantastic shopping & dining are a short walk or drive, plus the upcoming redo of the Chart House next door by the Mastro's founders, and redevelopment of the Forever Living complex across the Lake. Glass panels in the upstairs hall open the space to light & mountain, lake & golf views. Custom power shades, tasteful flooring, fixtures & beautiful RH lighting make this special, with elegant bathrooms, kitchen & bar. There are multiple options for lounging, work and dining indoors, & 3 different patio/decks for sun or shade. The HVAC & roof were recently replaced/redone. the Roof was resurfaced Classic finishes offer a sophisticated retreat with great connection to the resort surroundings. The Shores HOA fee includes all utilities w. cable except electricity (see documents for Homeowner's actual low billing), and community and exterior structure maintenance. The McCormick Resort next door offers homeowners access to a resort-style pool with towel and food-and-beverage service, a state-of-the-art fitness center, pickleball courts, tennis courts w instruction programs, and kayaking and paddle boating on the lake, with a low daily Resort Fee, or annual pass (as available through Bella Gilley at Millenium Resorts).

20. 2026-02-12
    price $689,500 1484-char remark

    Show marketing remark (1484 chars)

    Updated Shores residence located close to top shops & fine dining, with optional access to all The McCormick offers, & the public McCormick Ranch golf course on the lake. Camelback Country Club is across Scottsdale Rd. Fantastic shopping & dining are a short walk or drive, plus the upcoming redo of the Chart House next door by the Mastro's founders, and redevelopment of the Forever Living complex across the Lake. Glass panels in the upstairs hall open the space to light & mountain, lake & golf views. Custom power shades, tasteful flooring, fixtures & beautiful RH lighting make this special, with elegant bathrooms, kitchen & bar. There are multiple options for lounging, work and dining indoors, & 3 different patio/decks for sun or shade. The HVAC & roof were recently replaced/redone. the Roof was resurfaced Classic finishes offer a sophisticated retreat with great connection to the resort surroundings. The Shores HOA fee includes all utilities w. cable except electricity (see documents for Homeowner's actual low billing), and community and exterior structure maintenance. The McCormick Resort next door offers homeowners access to a resort-style pool with towel and food-and-beverage service, a state-of-the-art fitness center, pickleball courts, tennis courts w instruction programs, and kayaking and paddle boating on the lake, with a low daily Resort Fee, or annual pass (as available through Bella Gilley at Millenium Resorts).

21. 2026-01-05
    listed $695,000 Active 1484-char remark

    Show marketing remark (1484 chars)

    Updated Shores residence located close to top shops & fine dining, with optional access to all The McCormick offers, & the public McCormick Ranch golf course on the lake. Camelback Country Club is across Scottsdale Rd. Fantastic shopping & dining are a short walk or drive, plus the upcoming redo of the Chart House next door by the Mastro's founders, and redevelopment of the Forever Living complex across the Lake. Glass panels in the upstairs hall open the space to light & mountain, lake & golf views. Custom power shades, tasteful flooring, fixtures & beautiful RH lighting make this special, with elegant bathrooms, kitchen & bar. There are multiple options for lounging, work and dining indoors, & 3 different patio/decks for sun or shade. The HVAC & roof were recently replaced/redone. the Roof was resurfaced Classic finishes offer a sophisticated retreat with great connection to the resort surroundings. The Shores HOA fee includes all utilities w. cable except electricity (see documents for Homeowner's actual low billing), and community and exterior structure maintenance. The McCormick Resort next door offers homeowners access to a resort-style pool with towel and food-and-beverage service, a state-of-the-art fitness center, pickleball courts, tennis courts w instruction programs, and kayaking and paddle boating on the lake, with a low daily Resort Fee, or annual pass (as available through Bella Gilley at Millenium Resorts).

22. 2025-12-16
    historical
23. 2025-11-06
    price $699,000
24. 2025-10-15
    price $725,000
25. 2025-09-17
    listed $750,000 Active
26. 2025-08-01
    historical
27. 2025-05-27
    price $750,000
28. 2025-04-28
    price $759,000
29. 2025-04-09
    listed $775,000 Active
30. 2025-03-28
    historical
31. 2025-03-18
    price $779,000
32. 2025-03-06
    price $785,000
33. 2025-02-26
    price $800,000
34. 2025-02-12
    listed $850,000 Active
35. 2025-02-03
    historical
36. 2024-12-19
    price $778,000
37. 2024-11-25
    price $779,000
38. 2024-11-21
    price $795,000
39. 2024-10-30
    listed $800,000 Active
40. 2023-07-12
    soldstatus $600,000 Closed
41. 2023-06-27
    status Pending
42. 2023-06-06
    historical Under Contract Accepting Backups
43. 2023-06-02
    price $600,000
44. 2023-05-05
    listed $650,000 Active
45. 1998-05-01
    soldstatus $198,000
46. 1987-03-06
    soldstatus $178,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AZ · Resets to sale price

• Current annual tax: $1,738 · $145/mo
• Projected year-2 tax: $3,497 · $291/mo
• Expected delta: +$1,759/yr (+$147/mo · 101.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 6 d/yr ≥111°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $69,375
• − Mortgage interest: −$29,683
• − Property taxes: −$1,738
• − Insurance: −$2,650
• − Repairs & maintenance: −$5,550
• − Management: −$5,550
• − HOA: −$9,024
• − Depreciation: −$15,415
• Taxable loss: −$234
• Est. tax savings @ 24.0%: +$56
• After-tax cash flow: $8,105/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Scottsdale Unified District (4240)
• NCES district ID: 0407570
• Math proficiency: 53% ▼ -10.00%
• Reading proficiency: 55% ▼ -8.00%
• Median HH income: $70,139
• Composite: 48.02/100
• National rank: #2196
• State rank: #30 of 249 in AZ

Livability — Scottsdale

• Score: 80/100
• State rank: #4
• US rank: #1756

Category grades

Amenities A+ Commute A+ Cost of living F Crime B+ Employment A+ Housing A- Health & safety C- User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Scottsdale, AZ
• County: Maricopa County · 4,537,380 people
• City population: 290,846
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 17,904
• Household income: $184,979
• Rent vs Own: 15.6% rent · 84.4% own
• Severe rent burden: 298.0

Population outlook (Maricopa County) Hauer SSP2

• Today (2025): 4,979,203 people
• By 2030: 5,378,229 · +8.0%
• By 2040: 6,156,598 · +23.6%
• By 2050: 6,872,376 · +38.0%
• By 2075: 8,401,270 · +68.7%
• By 2100: 9,247,439 · +85.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 11% Two or more races 9% Asian 5% Pacific Islander 2%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Scotch-Irish 4% Romanian 3% Slovak 3%
• Foreign-born: 15% · Canada, China
• Languages at home: 85% English-only · Spanish 5% Other Indo-European 4% Other Asian/Pacific 2%

Political lean MEDSL · Maricopa

• 2024 margin: Toss-up / Even · D 47.7% · R 51.2% · Other 1.1%
• 2008→2024 swing: +7.1pp toward D · 2008: -10.6pp · 2024: -3.5pp
• All cycles: 2024: R+3.5 2020: D+2.2 2016: R+3.5 2012: R+12.0 2008: R+10.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 16.95%
• Current HPI: 416.0855
• Rent YoY: ▲ 8.63%
• Metro: Phoenix-Mesa-Chandler, AZ
• State GDP YoY: ▲ 4.54%
• F500 in state: 20

Industry mix (Fortune 500 HQ in AZ)

Industry	F500 HQs	Revenue
▸Technology	2	$13B
▸Mining / Metals	1	$23B
▸Environmental Services	1	$16B
▸Metals / Steel	1	$14B
▸Technology Distribution	1	$9B
▸Homebuilding	1	$8B

Price history

+197.7% since first listed

33 events — show timeline

• 2026-05-18 Price Changed $529,900 ARMLS
• 2026-05-11 Price Changed $575,000 ARMLS
• 2026-05-01 Price Changed $599,000 ARMLS
• 2026-04-10 Price Changed $604,000 ARMLS
• 2026-02-26 Price Changed $624,900 ARMLS
• 2026-02-20 Price Changed $649,900 ARMLS
• 2026-02-12 Price Changed $689,500 ARMLS
• 2026-01-05 Listed $695,000 ARMLS
• 2025-12-16 Listing Removed — ARMLS
• 2025-11-06 Price Changed $699,000 ARMLS
• 2025-10-15 Price Changed $725,000 ARMLS
• 2025-09-17 Listed $750,000 ARMLS
• 2025-08-01 Listing Removed — ARMLS
• 2025-05-27 Price Changed $750,000 ARMLS
• 2025-04-28 Price Changed $759,000 ARMLS
• 2025-04-09 Listed $775,000 ARMLS
• 2025-03-28 Listing Removed — ARMLS
• 2025-03-18 Price Changed $779,000 ARMLS
• 2025-03-06 Price Changed $785,000 ARMLS
• 2025-02-26 Price Changed $800,000 ARMLS
• 2025-02-12 Listed $850,000 ARMLS
• 2025-02-03 Listing Removed — ARMLS
• 2024-12-19 Price Changed $778,000 ARMLS
• 2024-11-25 Price Changed $779,000 ARMLS
• 2024-11-21 Price Changed $795,000 ARMLS
• 2024-10-30 Listed $800,000 ARMLS
• 2023-07-12 Sold (MLS) $600,000 ARMLS
• 2023-06-27 Pending — ARMLS
• 2023-06-06 Contingent — ARMLS
• 2023-06-02 Price Changed $600,000 ARMLS
• 2023-05-05 Listed $650,000 ARMLS
• 1998-05-01 Sold (Public Records) $198,000 Public Records
• 1987-03-06 Sold (Public Records) $178,000 Public Records

Property tax history

-2.1%/yr

Latest (2025): $1,738 · +4.2% YoY. Source: county tax records.