7401 N Scottsdale Rd #26 · Scottsdale, AZ 85253

$550,000

3 bd · 3.0 ba · 2,351 sqft · Townhouse public records · 40 Days on market

Built 1975 1,607 sqft lot $234/sqft · 55% below area $1064/mo HOA · 18% of rent

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Why this score? — see what drove the C 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 +15.5/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +5.5/10.0
• DSCR +4.8/10.0
• 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

Fell out of escrow again. After 8 months and two escrows the seller will only accept cash offers. The Shores is very,very difficult to get financing on. Conventional lenders no! Great townhouse, spacious, and furnished. Can use all amenities of adjacent Millenium Hotel. This kind of square footage in Paradise Valley is rare! When you are not there, use the rental pool and make money. Resort does all the work so it's a hassle free easy investment. Golf and dining, pool, beautiful grounds - and more. Floor plans available. Just a phone call to agent for information! Balconies and patios to enjoy the ambience. Great price all cash!

Key facts

• Golf
• Lakeside dining
• Lush grounds

Tags

• COVERED OUTDOOR LIVING
• VIEWS OF PALMS
• LUSH GROUNDS
• SURROUNDING MOUNTAINS
• GOLF
• LAKESIDE DINING

Property features AI

Finance

• Other: Lot features listed as none
• HOA & community: There is an association; Monthly association fee of $804; Additional monthly association fee of $260; HOA covers roof repair and replacement, insurance, sewer, grounds maintenance, street maintenance, front yard maintenance, trash, water, and exterior maintenance

Exterior

• Parking: 2 covered parking spaces; 2 carport spaces
• Utilities: City water; Public sewer
• Home design: Condominium townhouse; Attached property
• Construction: Stucco and wood frame construction; Painted exterior; Foam roof
• Exterior features: Mountain views; No fencing

Interior

• Kitchen: Built-in microwave; Refrigerator; Dishwasher; Garbage disposal
• Bedrooms: 3 possible bedrooms (includes upstairs)
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Natural gas heat; Central air conditioning
• Interior features: High speed internet; Granite counters; Double vanity; Wet bar; 3/4 bath in master bedroom; Skylight(s); Bath grab bars; Fireplace
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath townhouse listed at $550k.

Deal economics

• At list price, monthly cash flow is $218 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $550k).
• Recommended offer: $534k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.8% 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.
• Zoned schools: Kiva Elementary School (math 66% / reading 67%, grade B+, #79 of 1,109 statewide, top 7%, 527 students, 10% FRL); Mohave Middle School (math 45% / reading 48%, grade D+, #43 of 218 statewide, top 20%, 799 students, 31% FRL); Saguaro High School (math 37% / reading 41%, grade F, #78 of 381 statewide, top 20%, 1,466 students, 25% FRL) — zoned schools at 22% FRL track the district average.
• 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).

Forward outlook

• In year one you build about $59k of equity ($4k loan paydown + $55k 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 $154k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$95k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($534k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 12y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $239k; list at $550k implies a 130% gain — meaningful room to come down on a strong offer.

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 $533,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.05% ✓
• Cap rate: 6.77%
• Cash-on-cash: 1.70%
• DSCR: 1.08
• GRM: 7.9

CMA / ARV

• ARV (median comp): $1,230,943
• List price: $550,000
• Delta: -55.32%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7500 E Mccormick Pkwy #72	0.46mi	2/2.0 (-1)	2,308 (-2%)	4mo	$1,505,000	$652	63
7500 E Mccormick Pkwy #49	0.44mi	2/2.0 (-1)	2,308 (-2%)	7mo	$1,410,000	$611	62
7746 E Bisbee Rd	0.59mi	3/2.0	2,257 (-4%)	1mo	$985,000	$436	61
7436 N Tombstone Rd N	0.40mi	3/3.0	2,608 (+11%)	4mo	$1,287,500	$494	60
7500 E Mccormick Pkwy #73	0.47mi	2/2.0 (-1)	2,280 (-3%)	5mo	$1,400,000	$614	60
7610 E Gila Bend Rd	0.45mi	3/3.0	2,608 (+11%)	3mo	$1,425,000	$546	58
7615 E Tucson Rd	0.45mi	3/3.0	2,608 (+11%)	5mo	$1,100,000	$422	57
7646 E Miami Rd	0.53mi	3/3.0	2,608 (+11%)	1mo	$1,100,000	$422	56
7500 E Mccormick Pkwy #32	0.47mi	2/2.0 (-1)	2,230 (-5%)	6mo	$1,395,000	$626	55
7500 E Mccormick Pkwy #21	0.53mi	2/2.0 (-1)	2,230 (-5%)	6mo	$1,100,000	$493	52
7702 E Gila Bend Rd	0.55mi	3/3.0	2,608 (+11%)	7mo	$1,195,000	$458	50
7746 E Bowie Rd E	0.64mi	3/3.0	2,608 (+11%)	5mo	$1,075,000	$412	48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 27.6%
• Equity multiple: 3.24×
• Total profit: $344,388
• Equity at exit: $495,484

10-year hold

• IRR: 25.8%
• Equity multiple: 8.01×
• Total profit: $1,079,795
• Equity at exit: $1,068,529

Cash invested: $154,000 (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: 7.9×

Monthly cashflow live

• Estimated rent: $5,781 high
• Mortgage (P&I): −$2,884
• Tax from tax record: −$172 /mo · $2,065/yr
• Insurance: −$229
• HOA: −$1,064
• Vacancy / Maint / Mgmt: −$1,214
• Net cashflow: $218

Break-even live

Break-even rent $5,506

Max offer price $550,000

Occupancy floor 91%

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: $137,500
• Closing costs: $16,500
• 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	44d	1	0.21mi
7614 E Gila Bend Rd Scottsdale, AZ	3.0	3.0	2608	$6,900	$2.65	44d	1	0.45mi
7238 E Joshua Tree Ln Scottsdale, AZ	2.0	2.0	2033	$3,450	$1.70	4d	1	0.64mi
6842 N 72nd Pl Scottsdale, AZ	3.0	2.0	2300	$7,500	$3.26	44d	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	44d	1	0.68mi
7799 E Oakshore Dr Scottsdale, AZ	2.0	2.0	1813	$10,000	$5.52	44d	1	0.69mi
6819 N 73rd St Scottsdale, AZ	2.0	2.0	2032	$6,000	$2.95	44d	1	0.70mi
7720 N Pinesview Dr Scottsdale, AZ	3.0	2.0	1618	$5,500	$3.40	44d	1	0.76mi
7819 E Via Rio Scottsdale, AZ	3.0	2.0	2053	$8,200	$3.99	44d	1	0.81mi
7620 E Via del Placito Scottsdale, AZ	4.0	2.5	2829	$18,000	$6.36	44d	1	0.81mi
6587 N Palmeraie Blvd #3022 Paradise Valley, AZ	3.0	3.5	3202	$25,000	$7.81	8d	1	0.83mi
6587 N Palmeraie Blvd Paradise Valley, AZ	3.0	4.0	3202	$25,000	$7.81	44d	1	0.83mi
6587 N Palmeraie Blvd #2003 Paradise Valley, AZ	2.0	2.5	2100	$13,500	$6.43	44d	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	44d	1	0.83mi
7285 E Las Palmaritas Dr Scottsdale, AZ	3.0	2.5	2586	$7,500	$2.90	22d	1	0.84mi
7330 E Las Palmaritas Dr Scottsdale, AZ	3.0	3.5	2700	$10,000	$3.70	22d	1	0.87mi
7838 E Via Costa Scottsdale, AZ	3.0	2.0	2013	$7,000	$3.48	44d	1	0.87mi
6587 N Palmeraie Blvd Unit 2015 Paradise Valley, AZ	2.0	2.5	1926	$20,000	$10.38	44d	1	0.90mi
7500 N Via Camello del Sur Scottsdale, AZ	3.0	2.0	2295	$4,500	$1.96	44d	1	0.92mi
7506 N Via Camello del Sur Scottsdale, AZ	2.0	2.0	2130	$6,500	$3.05	44d	1	0.93mi
7322 E Sierra Vista Dr Scottsdale, AZ	3.0	4.0	2854	$10,500	$3.68	44d	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	44d	1	0.96mi
7893 E Joshua Tree Ln Scottsdale, AZ	3.0	2.5	1640	$4,600	$2.80	44d	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	44d	1	0.97mi
7537 N Via Camello del Sur Scottsdale, AZ	2.0	2.0	1812	$4,900	$2.70	44d	1	0.98mi
7933 E Pepper Tree Ln Scottsdale, AZ	3.0	2.5	1640	$2,599	$1.58	44d	1	0.99mi
7638 E Via de Lindo Scottsdale, AZ	3.0	2.0	2248	$9,000	$4.00	44d	1	1.00mi
7305 E Del Acero Dr Scottsdale, AZ	2.0	2.5	2010	$9,500	$4.73	44d	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	15d	1	1.08mi
7650 N Via de Fonda Scottsdale, AZ	2.0	2.0	1812	$4,400	$2.43	44d	1	1.08mi
8095 E Via del Desierto Scottsdale, AZ	2.0	2.0	1890	$3,995	$2.11	44d	1	1.08mi
7974 E Via Campo Scottsdale, AZ	4.0	3.0	2852	$6,450	$2.26	44d	1	1.09mi
7745 N Via Camello del Sur Scottsdale, AZ	2.0	2.0	1890	$4,500	$2.38	44d	1	1.11mi
8012 E Via Campo Scottsdale, AZ	4.0	2.0	2430	$3,950	$1.63	44d	1	1.11mi

HOA detail

• Monthly dues: $1,064 · $12,768/yr
• Likely covers: landscapingpool

Listing history 33 events

1. 2026-06-18
   days on market $550,000 Active 40 DOM
2. 2026-06-17
   days on market $550,000 Active 39 DOM
3. 2026-06-16
   days on market $550,000 Active 38 DOM
4. 2026-06-15
   days on market $550,000 Active 37 DOM
5. 2026-06-13
   days on market $550,000 Active 35 DOM
6. 2026-06-13
   days on market $550,000 Active 34 DOM
7. 2026-06-09
   days on market $550,000 Active 31 DOM
8. 2026-06-08
   days on market $550,000 Active 30 DOM
9. 2026-06-07
   days on market $550,000 Active 29 DOM
10. 2026-06-04
    days on market $550,000 Active 26 DOM
11. 2026-06-03
    days on market $550,000 Active 25 DOM
12. 2026-06-02
    days on market $550,000 Active 24 DOM
13. 2026-05-31
    days on market $550,000 Active 23 DOM
14. 2026-05-08
    listed $550,000 Active 675-char remark
15. 2015-12-22
    soldstatus $239,000 Closed 639-char remark

    Show marketing remark (639 chars)

    Fell out of escrow again. After 8 months and two escrows the seller will only accept cash offers. The Shores is very,very difficult to get financing on. Conventional lenders no! Great townhouse, spacious, and furnished. Can use all amenities of adjacent Millenium Hotel. This kind of square footage in Paradise Valley is rare! When you are not there, use the rental pool and make money. Resort does all the work so it's a hassle free easy investment. Golf and dining, pool, beautiful grounds - and more. Floor plans available. Just a phone call to agent for information! Balconies and patios to enjoy the ambience. Great price all cash!

16. 2015-12-22
    soldstatus $239,000

    Show marketing remark (639 chars)

    Fell out of escrow again. After 8 months and two escrows the seller will only accept cash offers. The Shores is very,very difficult to get financing on. Conventional lenders no! Great townhouse, spacious, and furnished. Can use all amenities of adjacent Millenium Hotel. This kind of square footage in Paradise Valley is rare! When you are not there, use the rental pool and make money. Resort does all the work so it's a hassle free easy investment. Golf and dining, pool, beautiful grounds - and more. Floor plans available. Just a phone call to agent for information! Balconies and patios to enjoy the ambience. Great price all cash!

17. 2015-12-17
    historical 639-char remark

    Show marketing remark (639 chars)

    Fell out of escrow again. After 8 months and two escrows the seller will only accept cash offers. The Shores is very,very difficult to get financing on. Conventional lenders no! Great townhouse, spacious, and furnished. Can use all amenities of adjacent Millenium Hotel. This kind of square footage in Paradise Valley is rare! When you are not there, use the rental pool and make money. Resort does all the work so it's a hassle free easy investment. Golf and dining, pool, beautiful grounds - and more. Floor plans available. Just a phone call to agent for information! Balconies and patios to enjoy the ambience. Great price all cash!

18. 2015-12-14
    status Pending 639-char remark

    Show marketing remark (639 chars)

    Fell out of escrow again. After 8 months and two escrows the seller will only accept cash offers. The Shores is very,very difficult to get financing on. Conventional lenders no! Great townhouse, spacious, and furnished. Can use all amenities of adjacent Millenium Hotel. This kind of square footage in Paradise Valley is rare! When you are not there, use the rental pool and make money. Resort does all the work so it's a hassle free easy investment. Golf and dining, pool, beautiful grounds - and more. Floor plans available. Just a phone call to agent for information! Balconies and patios to enjoy the ambience. Great price all cash!

19. 2015-11-18
    listed $239,000 Active 639-char remark

    Show marketing remark (639 chars)

    Fell out of escrow again. After 8 months and two escrows the seller will only accept cash offers. The Shores is very,very difficult to get financing on. Conventional lenders no! Great townhouse, spacious, and furnished. Can use all amenities of adjacent Millenium Hotel. This kind of square footage in Paradise Valley is rare! When you are not there, use the rental pool and make money. Resort does all the work so it's a hassle free easy investment. Golf and dining, pool, beautiful grounds - and more. Floor plans available. Just a phone call to agent for information! Balconies and patios to enjoy the ambience. Great price all cash!

20. 2015-11-06
    soldstatus $239,000 Closed 639-char remark

    Show marketing remark (639 chars)

    Fell out of escrow again. After 8 months and two escrows the seller will only accept cash offers. The Shores is very,very difficult to get financing on. Conventional lenders no! Great townhouse, spacious, and furnished. Can use all amenities of adjacent Millenium Hotel. This kind of square footage in Paradise Valley is rare! When you are not there, use the rental pool and make money. Resort does all the work so it's a hassle free easy investment. Golf and dining, pool, beautiful grounds - and more. Floor plans available. Just a phone call to agent for information! Balconies and patios to enjoy the ambience. Great price all cash!

21. 2015-10-02
    status Pending 639-char remark

    Show marketing remark (639 chars)

    Fell out of escrow again. After 8 months and two escrows the seller will only accept cash offers. The Shores is very,very difficult to get financing on. Conventional lenders no! Great townhouse, spacious, and furnished. Can use all amenities of adjacent Millenium Hotel. This kind of square footage in Paradise Valley is rare! When you are not there, use the rental pool and make money. Resort does all the work so it's a hassle free easy investment. Golf and dining, pool, beautiful grounds - and more. Floor plans available. Just a phone call to agent for information! Balconies and patios to enjoy the ambience. Great price all cash!

22. 2015-09-30
    soldstatus $239,000 Closed 639-char remark

    Show marketing remark (639 chars)

    Fell out of escrow again. After 8 months and two escrows the seller will only accept cash offers. The Shores is very,very difficult to get financing on. Conventional lenders no! Great townhouse, spacious, and furnished. Can use all amenities of adjacent Millenium Hotel. This kind of square footage in Paradise Valley is rare! When you are not there, use the rental pool and make money. Resort does all the work so it's a hassle free easy investment. Golf and dining, pool, beautiful grounds - and more. Floor plans available. Just a phone call to agent for information! Balconies and patios to enjoy the ambience. Great price all cash!

23. 2015-08-31
    historical Under Contract Accepting Backups 639-char remark

    Show marketing remark (639 chars)

    Fell out of escrow again. After 8 months and two escrows the seller will only accept cash offers. The Shores is very,very difficult to get financing on. Conventional lenders no! Great townhouse, spacious, and furnished. Can use all amenities of adjacent Millenium Hotel. This kind of square footage in Paradise Valley is rare! When you are not there, use the rental pool and make money. Resort does all the work so it's a hassle free easy investment. Golf and dining, pool, beautiful grounds - and more. Floor plans available. Just a phone call to agent for information! Balconies and patios to enjoy the ambience. Great price all cash!

24. 2015-07-31
    price $239 639-char remark

    Show marketing remark (639 chars)

    Fell out of escrow again. After 8 months and two escrows the seller will only accept cash offers. The Shores is very,very difficult to get financing on. Conventional lenders no! Great townhouse, spacious, and furnished. Can use all amenities of adjacent Millenium Hotel. This kind of square footage in Paradise Valley is rare! When you are not there, use the rental pool and make money. Resort does all the work so it's a hassle free easy investment. Golf and dining, pool, beautiful grounds - and more. Floor plans available. Just a phone call to agent for information! Balconies and patios to enjoy the ambience. Great price all cash!

25. 2015-07-31
    price $239,000 639-char remark

    Show marketing remark (639 chars)

    Fell out of escrow again. After 8 months and two escrows the seller will only accept cash offers. The Shores is very,very difficult to get financing on. Conventional lenders no! Great townhouse, spacious, and furnished. Can use all amenities of adjacent Millenium Hotel. This kind of square footage in Paradise Valley is rare! When you are not there, use the rental pool and make money. Resort does all the work so it's a hassle free easy investment. Golf and dining, pool, beautiful grounds - and more. Floor plans available. Just a phone call to agent for information! Balconies and patios to enjoy the ambience. Great price all cash!

26. 2015-05-26
    status Active 639-char remark

    Show marketing remark (639 chars)

    Fell out of escrow again. After 8 months and two escrows the seller will only accept cash offers. The Shores is very,very difficult to get financing on. Conventional lenders no! Great townhouse, spacious, and furnished. Can use all amenities of adjacent Millenium Hotel. This kind of square footage in Paradise Valley is rare! When you are not there, use the rental pool and make money. Resort does all the work so it's a hassle free easy investment. Golf and dining, pool, beautiful grounds - and more. Floor plans available. Just a phone call to agent for information! Balconies and patios to enjoy the ambience. Great price all cash!

27. 2015-05-26
    historical 639-char remark

    Show marketing remark (639 chars)

    Fell out of escrow again. After 8 months and two escrows the seller will only accept cash offers. The Shores is very,very difficult to get financing on. Conventional lenders no! Great townhouse, spacious, and furnished. Can use all amenities of adjacent Millenium Hotel. This kind of square footage in Paradise Valley is rare! When you are not there, use the rental pool and make money. Resort does all the work so it's a hassle free easy investment. Golf and dining, pool, beautiful grounds - and more. Floor plans available. Just a phone call to agent for information! Balconies and patios to enjoy the ambience. Great price all cash!

28. 2015-04-03
    price $279,000 639-char remark

    Show marketing remark (639 chars)

    Fell out of escrow again. After 8 months and two escrows the seller will only accept cash offers. The Shores is very,very difficult to get financing on. Conventional lenders no! Great townhouse, spacious, and furnished. Can use all amenities of adjacent Millenium Hotel. This kind of square footage in Paradise Valley is rare! When you are not there, use the rental pool and make money. Resort does all the work so it's a hassle free easy investment. Golf and dining, pool, beautiful grounds - and more. Floor plans available. Just a phone call to agent for information! Balconies and patios to enjoy the ambience. Great price all cash!

29. 2014-11-25
    listed $289,000 Active 639-char remark

    Show marketing remark (639 chars)

    Fell out of escrow again. After 8 months and two escrows the seller will only accept cash offers. The Shores is very,very difficult to get financing on. Conventional lenders no! Great townhouse, spacious, and furnished. Can use all amenities of adjacent Millenium Hotel. This kind of square footage in Paradise Valley is rare! When you are not there, use the rental pool and make money. Resort does all the work so it's a hassle free easy investment. Golf and dining, pool, beautiful grounds - and more. Floor plans available. Just a phone call to agent for information! Balconies and patios to enjoy the ambience. Great price all cash!

30. 2014-10-09
    historical Under Contract Accepting Backups
31. 2014-07-02
    price $319,000
32. 2014-05-06
    listed $350,000 Active
33. 2000-03-03
    soldstatus $220,000

ⓘ 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: $2,065 · $172/mo
• Projected year-2 tax: $3,630 · $302/mo
• Expected delta: +$1,565/yr (+$130/mo · 75.8%)

ⓘ 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: −$30,809
• − Property taxes: −$2,065
• − Insurance: −$2,750
• − Repairs & maintenance: −$5,550
• − Management: −$5,550
• − HOA: −$12,768
• − Depreciation: −$16,000
• Taxable loss: −$6,116
• Est. tax savings @ 24.0%: +$1,468
• After-tax cash flow: $4,080/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

+150.0% since first listed

22 events — show timeline

• 2026-06-02 Relisted — ARMLS
• 2026-06-01 Listing Removed — ARMLS
• 2026-05-08 Listed $550,000 ARMLS
• 2015-12-22 Sold (Public Records) $239,000 Public Records
• 2015-12-22 Sold (MLS) $239,000 ARMLS
• 2015-12-17 Listing Removed — ARMLS
• 2015-12-14 Pending — ARMLS
• 2015-11-18 Listed $239 ARMLS
• 2015-11-06 Sold (MLS) $239,000 ARMLS
• 2015-10-02 Pending — ARMLS
• 2015-09-30 Sold (MLS) $239,000 ARMLS
• 2015-08-31 Contingent — ARMLS
• 2015-07-31 Price Changed $239 ARMLS
• 2015-07-31 Price Changed $239,000 ARMLS
• 2015-05-26 Relisted — ARMLS
• 2015-05-26 Listing Removed — ARMLS
• 2015-04-03 Price Changed $279,000 ARMLS
• 2014-11-25 Listed $289,000 ARMLS
• 2014-10-09 Contingent — ARMLS
• 2014-07-02 Price Changed $319,000 ARMLS
• 2014-05-06 Listed $350,000 ARMLS
• 2000-03-03 Sold (Public Records) $220,000 Public Records

Property tax history

-1.0%/yr

Latest (2025): $2,065 · +4.4% YoY. Source: county tax records.