Lisa Shields And Scott Riddle Acquire 32 Biltmore Estates From Elisa Stephens Revocable Trust For $5 Million
32 Biltmore Estates
$5,000,000
$498/SF
Building Size
10,030 SF
Asset Type
Single Family
Closing
Jan 14, 2025
AI
The property asset involved in the transaction is a single-family mansion located at 32 Biltmore Estates, Phoenix, AZ. The sale price was $5,000,000. The mansion spans 10,030 square feet, indicating a price per square foot of $499.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $5,000,000
- Address: 32 Biltmore Estates
- Market: Phoenix, AZ
- Buyer: Lisa Shields & Scott Riddle
- Seller: Elisa Stephens Revocable Trust
- Brokers: Dinesh Wilson & Frank Aazami - Sotheby's International Realty
- Square Footage: 10,030
- Price per Square Foot: $499
Lisa Shields and Scott Riddle are the new owners, who intend to use the mansion as their primary residence. The sellers were represented by the Elisa Stephens Revocable Trust. The transaction was facilitated by Dinesh Wilson and Frank Aazami of Sotheby's International Realty.
Players
Phoenix Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93