Description

ORDERED SOLD AT PUBLIC AUCTION

10 ACRE HORSE PROPERTY

4,130+/- SQFT MAIN HOUSE + 1,000+/- CASITA

$1,350,000 STARTING BID

5725 E. LONE MOUNTAIN ST, CAVE CREEK, ARIZONA 85331

When:  Thursday, February 25, 2021, at 1:00 pm

Where:  5725 E. Lone Mountain St, Cave Creek, AZ 85331

How:   Join us at the property on auction day to bid live in person…OR…click on the “Bidding Open” link to register as an Online Bidder and bid in real-time during the auction event from your computer/tablet with live audio and video. 

Directions:  Scottsdale Rd north to Lone Mountain Rd, then west to the property.  Look for the auction sign.

Property Details:

BED/BATH:  4 bedrooms, 3.5 bathroom

SQUARE FEET:  4,130+/- sqft (Main House), 1,000+/- (Casita)

LOT SIZE:   9.995+/- acres / 435,832+/- sqft

ZONING:   Rural Residential R-43

MARICOPA COUNTY ASSESSOR PARCEL NUMBER:  211-45-003D

TAXES:   $5,690 / Tax Year 2020

YEAR BUILT:  2005

POOL:   Yes

ARCHITECTURE:  Santa Fe Style

CONSTRUCTION:  Stick Frame, Stucco, Spanish Tile Roof

Property Preview and Inspection:  The property is open for public preview and inspection from 1:00 pm to 4:00 pm on Thursdays: January 28, February 4, and February 11.  On Tuesday, February 24 at 1:00 pm, and on Thursday, February 25 (11:00 am to 1:00 pm).  Learn about the auction bidding process, tour the property, and get your questions answered.  Please contact Stewart Larsen (480-844-1221 / slarsen@thelarsencompany.com) to schedule a showing appointment outside of the stated dates.

The Opportunity:  The ownership has ordered 5725 E. Lone Mountain Rd, Cave Creek, AZ 85331 to be sold at public auction.  This is a rare opportunity to purchase a 10-acre property in Cave Creek with frontage on Lone Mountain Rd.  The main residence is a 4-bedroom, 3.5 bathroom custom territorial design house with approximately 4,130 sqft.  The main house has 3 fireplaces and an extended office.  There is also a 1,000+ sqft casita.  The pool needs to be refurbished.  There are some existing horse amenities from its previous usage as a horse facility.   

This property presents an excellent opportunity to do an extreme home makeover and have an exceptional Cave Creek ranchette, OR, an excellent investment opportunity for a home builder to develop the land into custom homesites or create a small subdivision. 

The property will be offered sold at a live, public, and on-site auction on Thursday, February 25, 2021, at 1:00 pm.  The auction will also be live-streamed online with online bidding.

Sale Terms:  A $25,000 cashier’s check made payable to Driggs Title Agency is required to register to bid.  The terms are 10% down balance due within 30 days.  The 10% earnest money deposit will be the $25,000 cashier's check and a business or personal check for the balance of a full 10% of the purchase price.  All checks are made payable to Driggs Title Agency.  A 10% Buyer’s Premium (auction fee) will be added to the high bid to determine the purchase price.  All earnest money is non-refundable upon acceptance of the high bid and approval by the seller.  There are no contingencies on financing.  All inspections must be done prior to auction day.  The property is being sold “as-is, where-is”.  The seller guarantees a clear title of liens and mortgages.  No back taxes nor assessments.  

QUESTIONS?  Contact Arizona brokers Stewart Larsen (480-844-1221) or John Payne (480-422-6800).