3 Things You Must Do after Inheriting a Home

3 Things You Must Do after Inheriting a HomeThere can be a lot of excitement when it comes to the realization that you’ve inherited a home, but simply because it’s an inheritance doesn’t mean there aren’t a few strings attached. Whether you’re expecting to be gifted with a home in the future or you’re currently going through this process, here are a few things you may need to watch out for.

The State Of The Mortgage

Once a home has been effectively handed over to you, it’s important to determine the status of the mortgage with the lender and if anything is still owed. While you have the option of taking over the mortgage in a lot of cases, in the event that there’s a reversible mortgage or you’re choosing to rent it out as a second property, you may not be able to transfer the mortgage. While this can often be a rather seamless process, if money is owed there can be other factors to consider.

Determine If You Want It

If you already have a first home and don’t want to take care of your second property as a rental unit, it’s important to realize that keeping the home may not be the best decision for you. While you have the option of organizing a short sale if you’d like to get it off of your hands, you can also contact a real estate agent who will be able to provide you with advice on how to proceed if you’re unwilling (or unable) to take control of the property.

Is It In Good Condition?

Whether you want to keep the home or not, there can be cases where it’s not even a question if it’s a home that you’re going to end up investing money into without much return. In the situation that a lot of money is owed on the house or there are serious issues with its general condition, you may want to release yourself from the inheritance and move on with your financial situation still intact.

There can be an instant feeling of acquired wealth in the event that you’ve inherited a home, but a home in bad condition or that you don’t want to take care of can end up being more of a headache than anything else. If you’re currently considering your options when it comes to a home inheritance, please contact me for more information – J.P. Cook – 602-320-4253.

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2336 E Elk Bugle Trail San Tan Valley, AZ 85140

$1,695,000
5 Beds
4 Baths
3,369 SqFt
Status Active
MLS # 6769858
Property Type Single Family Residence
Price Type --
Horse property with pasture and irrigation rights. Interest rate buydown incentive available. This rare opportunity is a one-of-a-kind 2-acre custom residential property that impressively catches your eye as you approach the privately gated entrance where you are presented with the elegant main residence, the large detached garage, the custom pool house, the exquisite swimming pool and spa, the in-ground trampoline, the dreamlike custom playground and the resort style property that will become the gathering place for your family and your friends. The property has 6,000 sf under roof with 4 structures including the primary residence, the detached garage, the pool house and the work shed. Additionally, the property has 1 acre of pasture to support any horse, livestock, farming and riding area. The large emerald green pasture is flood irrigated, has 3 pens, the 2 separate fenced off pasture areas for grazing or riding and is framed by 6 large shade trees that make this area unlike any other. Upon entering through the custom wrought iron front gate, the primary residence presents itself through the lighted stone pillars and on into the home through the oversized glass beveled front door. You will find yourself entranced by the custom designed travertine floors with your eyes naturally opening to the beauty of the custom archways and views. As you leave the front entry area, you will see through the glass bay window that frames your view over the undulating putting green and your eyes will fall in love with the sparkling waters of the exquisite swimming pool, the rock waterfall, the rock slide and the custom pool house. The kitchen is custom designed with handcrafted cabinetry, chiseled granite countertops, all stainless steel appliances - dual side by side built in refrigerators, double dishwashers, a built-in microwave, oven, electric stove top and an oversized kitchen island that is the main attraction for all large gatherings. Gather your friends and family in the dining room that comfortably seats 12 people and spill into the galley area for those large holiday gatherings. The kitchen overlooks the lighted galley area that spills into the family room where the lighted niches highlight the built-in large screen television. The family room allows for surround sound entertainment as you enjoy your movie nights, shows and sporting events. The pantry area is a gem and will impress anyone that appreciates a custom pantry that is over 15 feet long, has a stand-up freezer and enough storage and shelving to handle the largest family's needs. The custom barreled ceilings are subtly lit while you leave the family room and head to one of the five bedrooms with the main hallway capped on both ends with mirrors making the hallway appear to be endless. The private master suite is masterfully appointed with a spacious bedroom with windows over the king size bed where you will enjoy waking up to the morning light that peers through the windows. The master bedroom has its own private entrance and exit onto the back patio. Be sure to look through the large bedroom window that provides a sweeping view of the entire back yard. The master bathroom includes a sink vanity combo. Walk into the oversized shower with dual shower heads combined with an overhead rain shower spout to cool you down on those warm summer days. Continue into the large his and her custom cabinet walk-in closet that takes organization to the highest level. The 5 bedrooms are oversized and spacious and provide room for children at any age. From a jack and jill arrangement for two of the bedrooms, to a spacious bedroom that is large enough to be a den or a game room and onto the far bedroom that feels like the room is on its own wing of the home as the room has convenient entrance and exit access to the back patio. The laundry room is custom fitted with cabinets from floor to ceiling, designed for 1 washer and 2 dryers which will keep the laundry process as efficient as possible and includes a large, deep sink. The laundry room provides maximum storage and organization in this oversized laundry room. Throughout the home are 10'+ ceilings, custom alder doors from Mexico, wood ceiling trim, high end baseboards and custom painting inside and outside of all structures. Central Vac throughout. Ceiling fans throughout the house and all patios. All appliances, a/c & heat pump and toilets have all been upgraded in the past 2-5 years. The resort-like pool is a 40,000 gallon paradise, with a raised spa and spillover and is complimented by the rock waterfall, rock slide and rock grotto masterpiece. Here you will enjoy endless hours of pool slide activity or sit back, relax and listen to the enchanting peace of listening to the waterfall. The pool provides additional activities including pool volleyball with built in sleeves to hold the poles, pool basketball, a large kids play area on a beach shelf as well as sleeves around the pool to place umbrellas as you lounge in one of the many areas around the pool. You can also position the hammock based on the time of day or night to enjoy a book, a peaceful nap or listen to the waterfall. The 1,000 sf stone pillared pool house was designed to match the primary residence and boasts a dining area, plenty of ceiling fans, a bathroom, a kitchen area, sink, microwave, space for a bbq and be sure to locate the indoor storage for your kayaks, paddleboards and swimming pool toys and games. The pool house can be converted to a casita, if desired. The built-in circular fireplace is large enough to seat 8+ people as you sit with family and friends watching the stars or listening to the large waterfall cascading into the pool. The detached garage is 1,800 sf designed to match the main residence. The garage parks 4 large vehicles, enough space for a large boat, custom cabinetry that provides instant organization and enough power to operate the most powerful machines. The garage provides 50 amp and 30 amp connections for the electric vehicles, RV's and any power tools needed. There is also an RV dump hook up in the front yard that leads directly to the septic tank. The work shed is discreetly located behind the detached garage to house the rest of your yard tools and storage needs. There is enough space to build your own garden for the organic vegetables you would like to go along with the organic fruit trees that are already produced on property. The property has over an acre of grass and pasture areas that are on flood irrigation with your own private water rights that cost $10 per acre foot of water to water all grass areas as the property has 2 separate and conveniently located controls. The property is lined with 40+ trees highlighted by the orange, lemon, lime, pomegranate and deciduous fruit trees along with the towering shade trees that are all on a custom drip system. The property has 400 amps to the property with 200 amps to the main residence and 200 amps to the rest of the property. The cement driveway has a well-lit basketball court area, a pickleball area and space to ride bicycles, scooters and rollerblades without having to leave the property. The playground has been customized to include the built in trampoline, a sandbox, monkey bars, 2 swings, a slide, a 3 way teeter totter and a slide/canopy slide for the youngest children. The large chinaberry tree makes playing on the playground a great experience as the tree provides shade throughout the day. The property is lit with 8 powerful lights to light up the backyard. The large backyard is versatile and accommodates room for soccer, wiffle ball, badminton, volleyball and croquet. The backyard has hosted infield for little league softball & baseball and a professional batting cage. Practice and play during the day or at night under the lights at those sports you want to perfect. This property will accommodate more residential space as there is a building envelope that allows for expansion to the main residence or a separate casita up to an additional 4,000+ sf, an additional RV garage with the pad already laid and enough space for any size family to expand this resort like property to maximize your dream home!

6939 E Chaparral Road Paradise Valley, AZ 85253

$1,695,000
6 Beds
4 Baths
2,673 SqFt
Status Active Under Contract
MLS # 6776773
Property Type Single Family Residence
Price Type --
Brand new Heated pool in NOV 2024! PV home on almost half acre lot with NO HOA restrictions. Incredible Camelback Mountain views, walking distance from world-class Old Town Scottsdale restaurants/nightlife, & even fashion square mall. This 6 Bed, 4 Bath home with easy maintenance turf yard, putting greens, volleyball court w/ 2 hot tubs. This home has 2 kitchens and masters making it perfect for house hacking/investment or a mother-in-law suite. Home has separate entrances and ability to close off door to create two 3 bed, 2 bath living quarters.This home can can be used as a Air BNB, Behavior Health, Assisted Living, Sober Living; sky is the limit with this remodeled home in Desirable Rancho Vista PV neighborhood

7147 E Wilderness Trail Gold Canyon, AZ 85118

$1,695,000
4 Beds
3.5 Baths
4,340 SqFt
Status Active
MLS # 6740844
Property Type Single Family Residence
Price Type --
Welcome to your dream home nestled in the majestic Superstition Mountains of Gold Canyon, Arizona. This brand-new build, completed in August 2024, offers unparalleled luxury & breathtaking 360-degree views of the mountains, the pristine golf course, and the exclusive Superstition Mountain community. Living Space: 4,340 sqft of modern elegance, designed with meticulous attention to detail. Casita: Separate from the main house, this charming casita includes a kitchenette, living room, bedroom, & a spacious walk-in closet—perfect for guests or as a private retreat. The main home boasts 4 spacious bedrooms (3 in main, 1 in casita) & 3.5 beautifully designed bathrooms. Off the master suite, enjoy your own private observatory, ideal for stargazing & taking in panoramic views of Gold Canyon. Lot Size: Generous 17,837 sqft lot providing ample space & privacy. 3-car garage equipped with smart garage door openers for added convenience. Every corner of this home features modern, high-end finishes. Luxury Vinyl Plank Flooring: Durable & stylish flooring throughout the home. Laundry Convenience: Additional washer & dryer located in the master closet. Gourmet Kitchen: Equipped with an induction cooktop & top-of-the-line GE Monogram appliances. Home also has Hard-wired Wi-Fi boosters, smart thermostats, a comprehensive audio system, and a Ring doorbell with door keypads for enhanced security and convenience. Additional Amenities: Upgraded Washer/Dryer: Included for your convenience. Audio System: Enjoy a high-quality audio experience throughout the home. Set in the serene and picturesque community of Superstition Mountain, this home provides a peaceful & luxurious lifestyle. Enjoy the natural beauty of the surrounding landscape, the proximity to world-class golf courses, & the welcoming community atmosphere. This exceptional property is a rare find, combining luxury living with the natural beauty of the Superstition Mountains.

2647 E Vista Place Williams, AZ 86046

$1,695,000
3 Beds
3.5 Baths
4,184 SqFt
Status Active
MLS # 6692525
Property Type Single Family Residence
Price Type --
Discover tranquility & expansive beauty of the High Country. Stunning log home nestled on 5.03 acres secluded amidst towering juniper and pinon trees. A picturesque retreat boasts a charming wrap-around composite deck offering panoramic vistas, 3 bedrooms and 3.5 bathrooms, a spacious kitchen complete with a farmhouse sink, a welcoming great room & family room, versatile loft space, office for remote work or creative pursuits, hardwood floors, and luxurious in-floor heating. The main floor master suite offers a sanctuary with a generous walk-in closet, a separate jetted tub, and shower. Extra-large 2-car garage, measures 25x38, 950 sq ft, equipped with heating. Experience the epitome of mountain living in this idyllic haven.

18526 E Cloud Road Queen Creek, AZ 85142

$1,695,000
6 Beds
5 Baths
6,200 SqFt
Status Active
MLS # 6753942
Property Type Single Family Residence
Price Type --
Unleash your creativity with this expansive, unfinished home, ready to be tailored to your exact vision! Set on a sprawling 2 acres, this property offers the rare opportunity to craft your perfect residence from the ground up. With a generous 6,200 sq. ft the layout includes multiple bedrooms and bathrooms, allowing for flexible room configurations and personalized touches. Imagine creating expansive living areas, a gourmet kitchen, and luxurious master suites tailored to your taste. The on-site shop adds functionality, whether you need a workshop, storage, or an extra garage.Enjoy the benefits of a private, serene setting while still being conveniently accessible to local amenities and major roads.This is a rare opportunity to finish a home to your wants and needs.

7627 E Turquoise Avenue Scottsdale, AZ 85258

$1,695,000
3 Beds
3 Baths
2,373 SqFt
Status Active
MLS # 6764461
Property Type Single Family Residence
Price Type --
Nestled in tranquil cul-de-sac, this fully renovated gem by Surround Interiors seamlessly blends modern luxury with the timeless charm of McCormick Ranch. No expense spared with this rare 3-car garage home including new electrical, roofing, paint, stucco, windows, flooring, doors & landscape. Step through the grand courtyard, complete with outdoor fireplace and be welcomed by a spacious open floor plan. The living area boasts soaring vaulted ceilings and a multi-slider that bathes the space in natural light. The bright, chef-inspired kitchen is perfect for cooking and entertaining. The primary bedroom features a stunning ensuite with large shower, freestanding tub, double vanity and walk-in closet. Outside, enjoy your private bkyd oasis with pool, covered patio, BBQ island & mature trees.

411 W Galvin Street Phoenix, AZ 85086

$1,695,000
4 Beds
3.5 Baths
2,726 SqFt
Status Active
MLS # 6771487
Property Type Single Family Residence
Price Type --
Luxury Remodeled Farmhouse on 2.6 Acres - Horse Property with Resort-Style Pool & Guest Suite Step into the elegance of this completely remodeled farmhouse, sitting on 3 acres of pristine land, perfect for horse lovers. The property features a 2-mare hotel and an arena, catering to all your equestrian needs. Unwind in the 40,000-gallon saltwater pool—a true resort-style oasis right in your backyard. For those who need space to work or play, there's a 3,600 SF detached warehouse complete with a guest suite and bathroom. It's already prepped for a kitchenette, and includes a full gym, an inground cold plunge, and an infrared sauna for ultimate relaxation and wellness. Additionally, a 1,600 SF building on the property is fully outfitted as an office and schoolroom, perfect for homeschooling or remote work. With too many upgrades to list, this property is a rare find. Seller financing available.

17608 E Desert Vista Trail Rio Verde, AZ 85263

$1,695,000
2 Beds
2.5 Baths
2,661 SqFt
Status Active
MLS # 6790147
Property Type Single Family Residence
Price Type --
Location, Location, Location! Backing to the 9th hole and fronting to the 10th hole, this cul-de-sac home is a rare find in Trilogy at Verde River. The Cordoba model (with casita) has easy, quick access to the Clubhouse, golf course and pool via a sidewalk right off of the cul-de-sac. The staggered lot assures privacy. Upgrades are throughout - extended garage provides space for four vehicles, tile is throughout home, wood shutters on all windows, central vacuum, custom built-in office shelves and cabinets, custom entertainment cabinet and custom primary bath vanity with tons of storage. A huge walk-in pantry, double ovens, and separate beverage refrigerator combined with the gourmet kitchen make it easy to enjoy cooking and entertaining. Dimmable lighting in most rooms. North facing back yard allows you to enjoy the outside even in those very warm days. Enjoy the mountain views while relaxing on the extended travertine front and back patios or in the hot tub. Misters are installed on the back patio, along with wiring for an outside TV. Tons of storage in the garage - custom cabinets and extra high-loft shelving, along with a garage sink. Home has been well-maintained with full-time residents. List of maintenance and upgrades are included under Documents and in the home. Enjoy the Trilogy lifestyle and all that it entails in this beautiful, relaxing home! Agent Owner.

2386 E Redfield Road Gilbert, AZ 85234

$1,695,000
5 Beds
4.5 Baths
3,994 SqFt
Status Active
MLS # 6760289
Property Type Single Family Residence
Price Type --
Looking for the perfect ACRE home, look no further this home has it all! Beautifully upgraded 5 bd, 4.5 baths. 3 bedrooms are ensuite with private baths perfect for guests or teens. Alexa smart home. Huge owner's suite with soaking tub, dual vanities and walk in closet. Remodeled kitchen with white cabinetry, stainless steel appliances, custom backsplash and breakfast bar. New tile floor in all the right places, freshly painted, new low E double pane windows, all new electrical, raised 8 ft ceilings and the list goes on. Permitted 1440 sq ft custom RV garage with Clopay RV garage door and 15 ft glass accordion sliding door. Beautiful remodeled pool with custom rock waterfall with built in slide. Just minutes to downtown Gilbert, shopping, dining and freeway for easy access.

10432 E Winter Sun Drive Scottsdale, AZ 85262

$1,695,000 - 3Br/4Ba -  for Sale in Cresta Norte, Scottsdale
Open House
$1,695,000
3 Beds
3.5 Baths
3,952 SqFt
Status Active
MLS # 6800141
Property Type Single Family Residence
Price Type --
This meticulously cared-for custom home by generational builder Edmunds Toll is perfectly sited on a spacious 1.5-acre cul-de-sac lot in the gated community of Cresta Norte at Cave Creek Estates. A thoughtful design and breathtaking Big Mountain Views, this property offers the perfect blend of comfort, quality, and a connection to the surrounding natural beauty. From the inviting private courtyard to the well-maintained exterior, every detail reflects pride of ownership. The split 3-car garage features custom epoxy flooring and built-in cabinetry, providing both functionality and organization. Step inside through the double-door entry to find a bright, open floor plan designed for easy living. Tall ceilings & large windows bring in abundant natural light, while plantation [cont..] ...shutters and tasteful bamboo and tile flooring add an elegant touch. The kitchen and living area, complete with a cozy fireplace, provide a welcoming space to gather with family and friends. The home includes a versatile bonus room and a den, ideal for work, hobbies, or relaxation. The main suite offers a peaceful retreat with its double-door entry, spacious ensuite with a soaking tub, separate shower, dual vanities, and dual walk-in closets, all with a backdrop of stunning mountain views. The other two bedrooms are ensuite as well, ensuring comfort & privacy for everyone. Outdoors, the backyard is designed for enjoyment and relaxation, featuring a sparkling pool, built-in BBQ, and a covered patio that takes full advantage of the beautiful desert and mountain scenery. Pre-wired surround sound enhances your experience, whether entertaining or simply unwinding under the stars. The homeowner's meticulous care has made this property truly move-in ready, offering peace of mind and a sense of home from the moment you arrive. This is a rare opportunity to enjoy a thoughtfully crafted home in an exceptional setting.

31153 N 117th Drive Peoria, AZ 85383

$1,695,000 - 4Br/4Ba -  for Sale in Blackstone At Vistancia Parcel B9, Peoria
Open House
$1,695,000
4 Beds
3.5 Baths
4,076 SqFt
Status Active
MLS # 6786229
Property Type Single Family Residence
Price Type --
Situated within the guard-gated Blackstone Country Club, one of the valley's most esteemed golf communities, 31153 N 117th Dr is an expansive 4,076 sq ft residence that combines luxury, functionality, and captivating mountain views. This elegant 4-bedroom, 3.5-bath home sits on a generous 13,000 sq ft lot and includes a private casita, OWNED SOLAR and a kitchen expansion that enhance its open-concept design. Inside, premium upgrades create a sense of sophistication, from the custom front door, porcelain tile flooring and wood beams in the great room to the Level 5 solid wood cabinetry. The chef's kitchen, complete with quartz countertops, an expansive granite island, and a 30-inch Sub Zero wine cooler, offers a perfect blend of beauty and practicality for entertaining guests. Custom features like the great room's pony wall with cabinetry and dual wine fridges make entertaining effortless and stylish. Well appoiinted master retreat with en suite bath featuring slipper tub, step in shower, walk in closet and dual vanities. Outdoors, the resort-like backyard is designed for enjoyment and leisure. Take a swim in the play pool, gather around the firepit, or practice on your private putting green. The extended patio, pergola-covered outdoor kitchen, custom trellises, and landscape lighting all contribute to a tranquil, inviting atmosphere enhanced by the stunning mountain views. With 42 owned solar panels, an air-conditioned epoxy-coated garage, and an upgraded PVC irrigation system, this home is as sustainable as it is stunning. From luxurious indoor spaces to outdoor amenities designed to take advantage of Arizona's natural beauty, this home captures the essence of high-end living in Blackstone Country Club. Schedule a tour today to explore all that 31153 N 117th Dr has to offer.

10630 E Cactus View Circle Gold Canyon, AZ 85118

$1,695,000 - 3Br/4Ba -  for Sale in Kings Ranch Estates, Gold Canyon
Open House
New
$1,695,000
3 Beds
3.5 Baths
4,286 SqFt
Status Active
MLS # 6802782
Property Type Single Family Residence
Price Type --
Tranquil 1.88 acre property & custom home on cul-de-sac with a huge pool and views from the front to the back! Lots of customization inside and out of this house with the cultured stone, pavers, exposed wood, huge front and back patios, walk deck with 360 degree views, built in misting system, outdoor kitchen with granite counters, high ceilings and patio covers to see the tops of the Superstition Mountains while inside the large kitchen & living room. The floorpan is very open and divided for the perfect balance for all occasions. You will love the huge garage, front bar/dining room, cozy den, guest bedrooms with en suites, large master bedroom that has a grand bathroom with walk-through showers, walk-through closet with its own washer/dryer separate from the main large laundry room. The whole roof was replaced in 2018 and all four a/c units were replaced in 2019.