Residential Income Property with
New
For Sale
$1,150,000
7275 N SCOTTSDALE Road 1017, Paradise Valley, AZ 85253
A four-bedroom, three-level home includes a private-entry guest suite and a Control4 smart-home system.
Property Size3,047 SF
Days on Market7
Property Features for 7275 N SCOTTSDALE Road 1017
General Information
Standard status
Active
Size
3,047 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
4BR/3.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,064
Amenities
multiple balconies
gourmet kitchen
Viking appliances
gas cooking
Control4 smart home system
Building Details
Building Size
3,047 SF
Year Built
2009
Stories
3
Listing Agency:
Redfin Corporation
Listed By:
Kimberley Doering · License #SA584536000
(602) 909-3828
Source:
Alexiabertsatos
Added: Sep 30
Changed: Oct 5
Last Checked: Oct 5 at 10:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Redfin Corporation
Investment Insights
Based on property information with market context.
Built in 2009, this three-level residence in Paradise Valley has four bedrooms and three and a half bathrooms. A private elevator serves each floor, while multiple balconies and travertine flooring distinguish the interior. The kitchen is equipped with Viking appliances, gas cooking, and a large island, with Control4 smart-home technology integrated throughout.
The home offers unobstructed golf course and mountain views. A first-floor guest suite has a separate entrance and a full bathroom, providing a distinct space within the residence.
The home offers unobstructed golf course and mountain views. A first-floor guest suite has a separate entrance and a full bathroom, providing a distinct space within the residence.
Key Highlights
- Four bedrooms and three and a half bathrooms across three levels
- Private elevator provides access to all three floors
- First‑floor guest suite has a separate entrance and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,388
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,760
$687.8K
Cap Rate 7%
$491,257
$491.3K
Cap Rate 9%
$382,089
$382.1K
Market Conditions
NOI Build-Up for 3,047 SF
Gross rent
$65.8K $21.60/SF
− Vacancy
−$3.3K −$1.08/SF
EGI
$62.5K $20.52/SF
− OpEx
−$28.1K −$9.23/SF
NOI
$34.4K $11.29/SF
Area
Maricopa County, AZ
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,760
Cap Rate 7%
$491,257
Cap Rate 9%
$382,089
Alternative Uses
Best Use
Apartment 5plus
$491.3K
$429.9K – $573.1K
NOI $34,388 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$942.5K
$824.7K – $1.10M
NOI $65,976 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
Explore this area
Business Placement
Demographics for 85253, AZ
17,358
Population
8,815
Households
2
Avg Household Size
53
Median Age
71%
College-Educated
98%
High-School Grad
18.1 sq mi
ZIP Area
959
Density / Sq Mi
$182,150
Median Household Income
$79,848
Median Earnings
$1,935
Median Rent
$2,000,001
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - A four-bedroom, three-level home includes a private-entry guest suite and a Control4 smart-home system.
Where is this residential income property located?
The property is located at 7275 N SCOTTSDALE Road 1017 Paradise Valley, AZ.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Four bedrooms and three and a half bathrooms across three levels; Private elevator provides access to all three floors; First‑floor guest suite has a separate entrance and full bathroom
