Score
0Phoenix, AZ
2150 E Belmont Ave
3.0M
3 beds
4 baths
4,249 sqft
3 bd • 4 ba • 4,249 sf
This analysis was generated on 2/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$2,999,995
Price/Sq.Ft
$706
Year Built
2023
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Prime Location: The property's location in Biltmore Highlands, bordering the Phoenix Mountain Preserve Piestewa Peak, offers stunning mountain and city views. Direct access to hiking trails and proximity to major amenities enhance its appeal.
• Modern Design and High-End Finishes: The minimalist-style kitchen, luxurious primary suite, and entertainer's backyard with a negative-edge pool and rooftop party deck showcase high-end finishes and thoughtful design.
• Indoor-Outdoor Living: The seamless integration of indoor and outdoor spaces through the 4-panel pocket doors and 8 pivot doors creates an expansive entertainment area, ideal for enjoying the Arizona climate.
• Unique Architectural Features: The scrim design enhances privacy, increases energy efficiency, and allows the home to blend with its desert surroundings. This unique feature sets the property apart from others in the area.
The Bad
• High Price per Square Foot: At $706.05 per square foot, this property is priced significantly above the median for Phoenix, which is around $400-$500 per square foot for luxury homes in desirable areas (Source: Zillow, Redfin). This premium pricing may limit the pool of potential buyers.
• Extended Time on Market: The property has been on the market for 334 days, which is considerably longer than the average for luxury homes in Phoenix. This extended time on market could be due to the high price, specific design features that appeal to a niche market, or other underlying issues.
• School Rating: The assigned high school, Camelback High School, has a low rating of 2/10. This may be a significant drawback for families with school-aged children, potentially impacting the property's resale value.
• Lack of Detailed Room Information: The absence of detailed room information makes it difficult to fully assess the layout and functionality of the home. Potential buyers may need more detailed descriptions and floor plans to make an informed decision.
The Ugly
• High Flood Risk: The "MAJOR" flood risk (5/10) and FEMA Zone designation are significant concerns. This will result in high insurance premiums and potential for property damage, impacting the overall cost of ownership. The estimated insurance is $10,799.982/year.
• Multiple Price Reductions: The property has undergone numerous price reductions since being listed, indicating potential overpricing or underlying issues that are deterring buyers. This pattern of price cuts may raise concerns about the property's actual market value. Here's a summary of the price reductions:
* 2024-11-14: Price change at $2,999,995 (-10.4% decrease)
* 2024-08-16: Price change at $3,349,995 (-4.3% decrease)
* 2024-08-08: Price change at $3,499,990 (-0.0% decrease)
* 2024-07-18: Price change at $3,499,995 (-0.0% decrease)
* 2024-06-22: Price change at $3,500,000 (-6.7% decrease)
* 2024-05-30: Price change at $3,750,000 (-6.3% decrease)
* 2024-04-25: Price change at $4,000,000 (-11.1% decrease)
* 2024-04-18: Price change at $4,500,000 (-5.3% decrease)
* 2024-03-29: Price change at $4,750,000 (-5.0% decrease)
• Extreme Heat Risk: With a heat risk score of 9/10 and 7 hot days per year with temperatures exceeding 111°F, potential buyers must consider the ongoing costs of cooling this property. This includes high electricity bills and the potential for increased maintenance costs for HVAC systems.
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Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Affluent Buyers Seeking a Modern, High-End Home with Breathtaking Views: This property offers a luxurious lifestyle with its prime location bordering the Phoenix Mountain Preserve, providing unobstructed mountain and city views. The minimalist design and high-end finishes cater to those with discerning tastes.
• Entertainers Who Value Indoor-Outdoor Living: The property's design seamlessly blends indoor and outdoor spaces with its 4-panel pocket doors and 8 pivot doors, creating an expansive entertainment area. The rooftop party deck and negative-edge pool add to its appeal for hosting gatherings.
• Buyers Prioritizing Privacy and Access to Nature: The hillside location and private gate to the Phoenix Mountain Preserve offer a unique combination of seclusion and easy access to hiking trails. The scrim design enhances privacy and integrates the home with its desert surroundings.
• Buyers Comfortable with High Insurance Costs: Given the flood risk, buyers need to be comfortable with high insurance costs.
Not For
• Budget-Conscious Buyers: The high price point ($2,999,995) and substantial estimated insurance costs ($10,799.982/year) make this property unsuitable for those with budget constraints. The cost per square foot ($706.05) is also significantly higher than the median for Phoenix, indicating a premium property.
• Buyers Seeking Low-Maintenance Properties: The need for flood insurance and the upkeep of the pool, rooftop deck, and landscaping may deter buyers seeking a low-maintenance lifestyle. The unique scrim design, while aesthetically pleasing, may also require specialized care.
• Families Prioritizing Top-Rated Schools: The assigned high school has a rating of 2/10 which may not meet the needs of families with older children.
• Buyers Averse to Flood Risk: The "MAJOR" flood risk (5/10) and FEMA Zone designation may be a deterrent. This can lead to high insurance premiums and potential property damage.
Demographics
Area Median Income
$67,361
Property History
Price History
Ownership Timeline
$935,000Cash Purchase
Dec 3, 2021William C Jarvis, Cynthia A JarvisTph Coffee Llc, South West Valley Farns Llc
Warranty Deed
Standard Sale (Purchase/Resales)
$700,000Cash Purchase
Nov 18, 2020Paul K Dygert, Rochelle MalinoffWilliam C Jarvis, Cynthia A Jarvis
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
May 26, 2011Paul K Dygert, Rochelle MalinoffPaul K Dygert, Rochelle Malinoff
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
May 21, 2003Paul K Dygert, Rochelle MalinoffPaul K Dygert, Rachelle Malinoff
Intrafamily Transfer
Non-Arm's Length Transactions
$240,000Financed
Jan 1, 1970ObelePaul K Dygert, Rochelle Dygert
Other
Standard Sale (Purchase/Resales)
Property Taxes
$6,295
2024 Tax Assessment
10.7%from previous year
Assessed Value$48,272
Tax Rate13.04%
Market Insights
Real-time analysis of the local housing market
January 2025
Neutral Market
The market in 85020 is currently balanced between buyers and sellers. While prices are stable, it's still important to make competitive offers on homes you're interested in.
$411,422
$308/sqft
6.1%
Change from last month
Your price: $3.0M (+629%)
Your price/sqft: $706/sqft (+129%)
235
36 sold last month
17.5%
Change from last month
71 days
Average for homes in this area
22.3%
Change from last month
This property: 391 days (+451%)
Sale Price Distribution
Last month4
Over Asking
homes
8
At Asking
homes
24
Under Asking
homes
Total: 36 homes sold
If you're buying a home in 85020, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Sale Time Distribution
Last month6
Under 30 Days
homes
19
30-90 Days
homes
11
Over 90 Days
homes
Your property
Total: 36 homes sold
Avg time on Rocket Homes in 85020 has remained consistent over time.
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
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Risk Assessment
Climate Risks
heatSEVERE
7 extreme heat days per year
98th percentile: 111°F
floodMODERATE
FEMA Zone: Moderate Risk Area
Insurance: Required
fireMINIMAL
Insurance: Recommended
airMINIMAL
1 bad air quality days per year
windMINIMAL
Insurance: Optional
Risk Analysis
• High Insurance Costs: The "MAJOR" flood risk (5/10) and FEMA Zone designation will result in significantly higher insurance premiums. The estimated annual insurance cost of $10,799.982 should be factored into the total cost of ownership.
• Price Reductions and Days on Market: The property has experienced multiple price reductions and has been on the market for 334 days. This could indicate that the property is overpriced or that there are underlying issues that are deterring buyers.
• School Ratings: The assigned high school has a rating of 2/10, which may impact the property's appeal to families with school-aged children.
• Climate Risks: The "EXTREME" heat risk (9/10) may result in higher energy bills and require additional measures to mitigate heat exposure.
• Market Volatility: Changes in the real estate market could impact the property's value, especially given its high price point. Monitoring market trends and comparable sales is essential.
Insurance
Annual Cost
$10,800
$900 per month
Cost & Affordability
Monthly Costs
Breakdown of estimated monthly expenses for this property
Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements
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20.0% of purchase price
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$3,000 monthly
$900 monthly
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Schools
Madison Heights Elementary School
Public•Grades PK-4
7/10
Elementary
461 students
Madison #1 Elementary School
Public•Grades 5-8
6/10
Elementary
978 students
Camelback High School
Public•Grades 9-12
3/10
High
2,208 students
Financials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow®$2,386
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$2,999,995
Price/sqft
$706
Layout
3 bd•4 ba
Days on market
391 daysat time of analysis
Stats in the Area
Based on 4 comparable properties nearby
Average Price
$1,313,125
128.5%
Your price is 128.5% above average
Median Price
$1,300,000
130.8%
Based on 4 recent sales
Price per Sq.Ft
$418
68.9%
Your price is 68.9% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1819 E PALMAIRE Avenue, Phoenix, AZ 85020 | $1,300,000 | 3,415 | 4 | 4 | $38146.1% | 12/7/2024 |
| 1827 E PALMAIRE Avenue, Phoenix, AZ 85020 | $2,385,000 | 3,883 | 4 | 4 | $61413.0% | 9/3/2024 |
| 6718 N 15TH Street, Phoenix, AZ 85014 | $910,000 | 3,514 | 4 | 3 | $25963.3% | 1/10/2025 |
| 1828 E AURELIUS Avenue #NA, Phoenix, AZ 85020 | $657,500 | N/A | N/A | N/A | N/A | 11/20/2024 |
1819 E PALMAIRE Avenue, Phoenix, AZ 85020
Price: $1,300,000
Sq.Ft: 3,415
Beds/Baths: 4/4
$/Sq.Ft:
$38146.1%
Sale Date: 12/7/2024
1827 E PALMAIRE Avenue, Phoenix, AZ 85020
Price: $2,385,000
Sq.Ft: 3,883
Beds/Baths: 4/4
$/Sq.Ft:
$61413.0%
Sale Date: 9/3/2024
6718 N 15TH Street, Phoenix, AZ 85014
Price: $910,000
Sq.Ft: 3,514
Beds/Baths: 4/3
$/Sq.Ft:
$25963.3%
Sale Date: 1/10/2025
1828 E AURELIUS Avenue #NA, Phoenix, AZ 85020
Price: $657,500
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 11/20/2024
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