Herberger Family Sells Paradise Valley Estate For $9.7M
4645 East Quartz Mountain Road
$9,700,000
$1,336/SF
Building Size
7,259 SF
Asset Type
Single Family
Closing
Nov 12, 2023
AI
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
Paradise Valley Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93