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Herberger Family Sells Paradise Valley Estate For $9.7M

Property Image
SOLD
$9,700,000

Arizona

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Single Family7,259 SF
Sold 11/12/2023
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Property Image
SOLD

Herberger Family Sells Paradise Valley Estate For $9.7M

4645 East Quartz Mountain Road

See Similar Deals
Single Family7,259 SF
Sold 11/12/2023
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:Single Family
Price Per Square Foot:$1,336
Total Square Footage:7,259 SF
Transaction Type:Sale

A Paradise Valley estate located at 4645 East Quartz Mountain Road has been sold off-market for $9.7 million in cash. The property, with a total square footage of 7,259, was previously owned by the philanthropic Herberger family, known for their charitable contributions. The sale price translates to a price per square foot of $1,336.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $9,700,000
  • Address: 4645 East Quartz Mountain Road, Paradise Valley, AZ
  • Market: Paradise Valley, AZ
  • Seller: Herberger Family
  • Broker: Chris Karas - Compass

The transaction was facilitated by broker Chris Karas from Compass. The off-market sale indicates that the property was not publicly listed and the deal was conducted privately. The estate, with its impressive square footage and attractive sale price, offers a glimpse into the prestigious Paradise Valley real estate market.

Players

Chris Karas
Compass
Chris Karas
2 deals$16M volume
BROKER

Details

SOLD
IMAGE: Chris Karas DATE: 11/12/2023 ADDRESS: 4645 East Quartz Mountain Road MARKET: Paradise Valley, AZ ASSET TYPE: Single Family SELLER: Herberger Family BROKER: Chris Karas - Compass SALE PRICE: $9,700,000 SF: 7,259 ~ PPSF: $1,336 NOTE: A Paradise Valley estate, previously owned by the philanthropic Herberger family, renowned for their charitable contributions, has been sold off-market for $9.7 million in cash.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$517,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,462.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,982.95
Annual Debt Service$551,795.38