What’s Ahead For Mortgage Rates This Week – January 30, 2017

Last week’s economic news included readings on new and existing home sales and mortgage rates. Also released were reports on new jobless claims and consumer sentiment.

New and Existing Home Sales Lower in December

According to the U.S. Commerce Department, sales of new homes fell to 536,000 sales on a seasonally-adjusted annual basis. This reading was markedly lower than the expected rate of 595,000 sales and November’s reading of 598,000 sales. Analysts said that the drop in new home sales indicated that the housing sector is still experiencing a rocky recovery. December’s reading for new home sales was 10.4 percent lower than December’s adjusted reading of 598,000 sales. December’s reading was 0.40 percent lower year-over-year.

The median sale price of new homes was $322,500 in December, which was 4.30 percent higher than in November and 7.90 percent higher than in December 2015. The dip in sales has increased inventory of available homes to a reading of 5.80 months needed to sell all new homes presently available. Real estate pros typically consider a six-month supply of homes for sale a normal inventory.

In related news, sales of pre-owned homes were also lower in December. The National Association of Realtors® reported December sales at 5.49 million on a seasonally-adjusted annual basis; this reading was lower than expectations of 5.51 million sales and November’s reading of 5.65 million sales. The slower rate of sales may signal that home prices have topped out; there is also a very low inventory of available pre-owned homes for sale as compared to demand. Sales of pre-owned homes were 2.80 percent lower than November’s reading, which was the highest rate of existing home sales since 2007. Sales of pre-owned homes were 0.70 percent higher year-over-year.

Winter weather and holidays may have contributed to lower home sales in December, but higher prices, tough mortgage requirements and a low supply of available pre-owned homes were seen as obstacles to completed home sales for December.

Mortgage Rates Mixed, New Jobless Claims Rise

Freddie Mac reported higher fixed rates for mortgages last week. The average rate for a 30-year fixed rate mortgage rose 10 basis points to 4.19 percent; the average rate for a 15-year fixed rate mortgage rose six basis points to 3.40 percent. The average rate for 5/1 adjustable rate mortgage fell by one basis point to 3.20 percent. Discount points for fixed rate and 5/1 mortgages averaged 0.40 percent.

New jobless claims exceeded expectations of 250,000 new claims with a reading of 259,000 new claims and the prior week’s reading of 237,000 new claims. Analysts said that volatility is common with new jobless claims in January. There were few layoffs reported and good news that the new jobless claims rate remained below the benchmark reading of 300,000 new claims for the 99th consecutive week. This milestone was last seen in 1970.

The four-week rolling average of new jobless claims fell by 2000 to an average of 245,900 new claims filed; this was the lowest reading since 1973.

Consumer sentiment rose to 98.5 which surpassed the expected reading of 98.2 percent and December’s reading of 98.1 percent.

Whats Ahead

Multiple readings on housing and labor related data will be released this week. Scheduled releases include pending home sales, Case-Shiller Housing Market Indices and construction spending. Reports on inflation and core inflation are due along with readings on non-farm payrolls, ADP payrolls and the national unemployment rate.

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4525 N 40th Street Unit 6 Phoenix, AZ 85018

$1,408,000
3 Beds
2.5 Baths
2,400 SqFt
Status Active
MLS # 6671015
Property Type Townhouse
Price Type --
VIP Homes is Arizona's premier builder specializing in quality construction with state of the art features. Very rare to find something this highly upgraded in the highly desirable location of the Biltmore and Arcadia!! . This 3 Bed, 3 Bath, 2 Car Garage Condo has gorgeous wood floors, thermador appliances, incredible kitchen and tons of upgrades. Other models also available for your client to purchase!! Come see this today!

43712 N Acadia Way New River, AZ 85087

$1,407,900
3 Beds
2.5 Baths
2,455 SqFt
Status Active
MLS # 6758310
Property Type Single Family Residence
Price Type --
Former gorgeous model home! Welcome to The Tierra Hacienda, a distinguished single-story residence that exemplifies luxury and thoughtful design. Spanning 2,455 square feet, this home offers 3 spacious bedrooms, 2.5 bathrooms, and a 2-car garage, all nestled on a sprawling 16,800 sq ft homesite with breathtaking mountain views. Included is a 50 x 16 RV Garage: Ample space for your recreational vehicle and additional storage. Plus a 280 sq ft Casita with Kitchenette. Every detail of The Tierra Hacienda has been meticulously crafted to offer a refined living experience. This residence is designed for both grand entertaining and serene living.

103 E Quartz Rock Road Phoenix, AZ 85085

$1,400,000
4 Beds
3.5 Baths
3,200 SqFt
Status Active
MLS # 6656213
Property Type Single Family Residence
Price Type --
MODEL HOME ... NEVER LIVED-IN ... 1.5 Acres ... Move-in Ready ... Mountain Views in a quiet neighborhood, yet just 5 minutes from the 101, I-17 & Norterra ... Just 2 blocks from the Sonoran Preserve ... No HOA ... Gourmet kitchen consists of quartz countertops, premium appliances, luxury backsplash, massive island, veggie prep island and custom coffee bar/butler area ... Two Master Bedrooms with en-suites ... Primary MBR includes a clawfoot soaking tub with chandelier, oversized shower with rain head and deluxe walk-in closet ... Accordion patio door fully opens to the backyard ... Oversized garage ... Smart Home compatible ... Stone highlights the contemporary exterior ... Luxury finishes throughout ... The estate-sized lot is ideal for an RV garage, workshop or guest house.

35203 W Indian School Road Tonopah, AZ 85354

$1,400,000
3 Beds
2 Baths
2,520 SqFt
Status Active
MLS # 6742738
Property Type Single Family Residence
Price Type --
Lot 2 and 5 is a total of 11.40 level acres of land being split from 504-10-003-B with a 3 bedrooms and 2 bathroom home, private well and room to expand! There is a large enclosed hall that can be used for gatherings, storage and more. The covered storage area offers its own possibilities for an income producing venue with the start of 9 individual rooms and three bathrooms along with one large central space that could be a centralized kitchen or living space. Private well and three separate septic tanks make the possibilities of this property endless! Near the future Belmont Master Planned Community and soon to break ground Desert Studios. 20 min to Buckeye Equestrian Center, 35 min to Wickenburg, Stone's throw from Teravalis, Desert Whisper, Tartesso etc. Easy access to Interstate I-10, MC-85, Loop 202 & 303. Close to the proposed I-11 freeway, connecting Arizona, Nevada & California. Early-stage planning efforts for I-11 to become a trade route connecting Canada & Mexico. Providing Arizona with access to regional & international markets, jobs & economic growth. Possible seller carry back with large down payment. You won't want to miss out on this property and all that it offers!

42059 N Old Mine Road Cave Creek, AZ 85331

$1,400,000
4 Beds
3 Baths
3,774 SqFt
Status Active
MLS # 6759824
Property Type Single Family Residence
Price Type --
Tonto Hills is one of the most beautiful places in Maricopa County with its close and distant mountain views, and at 3600' elevation it brings temps typically 10 degrees cooler than downtown Phoenix. This spacious home with no interior steps offers stunning views from almost every room. High-volume ceilings and white oak hardwoods offer interior beauty while large windows and doors bring the outside in. Entertaining is a dream in the chef's kitchen with wraparound bar, island, butler pantry, and easy access to the backyard patio for dining al fresco. The owner's suite with slider to the backyard has a large bathroom and 2 closets. There are 3 guest bedrooms plus an office, and 2 of the bedrooms share a jack-and-jill bathroom with private vanity area on either side of the shared tub/shower, and the 3rd guest bedroom with bathroom has access to the backyard. The oversized 3-car garage is 18' deep and has ample garage cabinetry plus a whole house water softener. Maximized energy efficiency through extra insulation added to attic and UV and heat-resistant film on most windows. With 1.268 acres, the property is landscaped for easy maintenance with mostly native plants and trees, but also with fig, pomegranate and wild mulberry trees. In addition, look for chilean mesquites, saguaros, palo verdes, barrel cactus, magnificent agaves, and other plants. Tonto Hills is adjacent to the Desert Mountain private club & community and is nestled against the Tonto National Forest. Outdoor enthusiasts will appreciate nearby trails for hiking, mountain biking, and horses. Another asset to the community is that Tonto Hills has its own water district (Tonto Hills Domestic Water Improvement District). Although Tonto Hills is a quiet community with a feeling of seclusion, it is only 13 minutes to Carefree/Cave Creek vibrant dining and entertainment. The home is walkable to the Raven's View wine bar. In addition, it is 14 minutes to Bashas' grocery, 17 minutes to AJs, 18 minutes to Target, 19 minutes to Walmart and 20 minutes to Bartlett Lake Marina.

9665 N Stagecoach Drive Williams, AZ 86046

$1,400,000 - 3Br/4Ba -  for Sale in Chaparral Heights Amended, Williams
New
$1,400,000
3 Beds
3.5 Baths
3,326 SqFt
Status Active
MLS # 6760623
Property Type Single Family Residence
Price Type --
Welcome to your serene ranch retreat, sprawling across nearly 29 acres with stunning mountain views. Perfect for equestrians, the property includes a 2500sqft barn + 2000sqft covered paddock & 5 acres of fully fenced land. Nestled in nature, the estate is a sanctuary for local wildlife like elk and deer, all surrounding a 3,300+ sqft custombuilt home. With seamless indoor-outdoor living, each of the 3 spacious bedrooms offers an ensuite bathroom and access to covered patios, indoor&outdoor fireplace blending luxury with the beauty of the outdoors. This property is fully equipped for modern convenience and adventure. A 2000sqft RV shed with a full bath provides extra space for guests or storage, while a 2000sqft workshop with a rainwater collection system *NEW METAL ROOF being installed greenhouse caters to projects and hobbies. The barn features horse stalls, a tack room, and hay storage, while the 5-acre fenced arena and paddock complete the equestrian setup. Located just 30 miles from the Grand Canyon and minutes from Williams, you'll enjoy endless outdoor activities like hiking, biking, and kayaking at nearby Kaibab Lake. Entering through a secure electronic gate, you're greeted by a grand custom Italian wrought iron door, leading to heated tile floors, rock archways, and crystal chandeliers inside. The chef's kitchen is fully equipped, while the three master suites offer luxurious en-suite bathrooms and fireplaces. This estate is the perfect blend of comfort, privacy, and adventureyour peaceful, luxury ranch awaits.

1920 E Schooner Court Gilbert, AZ 85234

$1,400,000
4 Beds
3 Baths
3,542 SqFt
Status Active
MLS # 6708481
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the exclusive gated community of The Regatta at Val Vista Lakes. This custom residence, masterfully redesigned by award-winning designer Steve Price of Beautiful Space Co., offers over $400,000 in luxurious modern upgrades. Be greeted by soaring vaulted ceilings + an open great room concept. Engineered wood floors span the downstairs Massive central kitchen with a 13' quartz island, high end stainless steel appliances, GE Monogram refrigerator + freezer, gas cook-top, double convection ovens, + abundant cabinetry. The inviting great room features a custom built-in wall unit with an electric fireplace. Office with amazing waterfront views off the entry, + patio access. Main floor primary suite is comple expansive en suite with a soaker tub and unique water feature, and a generous walk-in closet. The upstairs entertainment area is perfect for guests or family, including a built-in TV, bar, bathroom, and bedroom, making it ideal for a mother-in-law suite, guest suite, or kids' play area. The private backyard is a paradise where you can relax in the oversized spa that doubles as a cocktail pool. The side patio offers stunning views of the lake, accessible from the kitchen, den, and living room. Enjoy a front entrance portico and ample room to relax in the shade. The spacious private driveway leads to a 3-car secluded garage, perfect for all your storage needs. Val Vista Lakes Clubhouse offers country club living with a heated Olympic-size pool, beach pool, spa, sand volleyball, tennis, racquetball, pickleball, fishing, cardio & weight room, classes, fire pits, and more. Conveniently close to Dana Park shopping complex and top notch restaurants, including recently announced The Vig, Heritage District in Downtown Gilbert, San Tan Mall, and the 60 freeway access. Discover the unparalleled beauty and luxury of this remarkable home. Come see today and experience the best of Val Vista Lakes living!

15743 E Sunflower Drive Fountain Hills, AZ 85268

$1,400,000
6 Beds
4 Baths
3,301 SqFt
Status Active
MLS # 6753886
Property Type Single Family Residence
Price Type --
Experience unparalleled luxury in this beautifully updated custom home featuring exquisite designer details, N/S Exposure & STUNNING VIEWS of Mountains & iconic Fountain. Enter through custom etched glass door to bright open great room w/expansive new windows & soaring ceilings. DREAM KITCHEN features smart tech appliances including a sleek induction cooktop, custom white cabinetry & striking quartz waterfall island. Split floorplan offers privacy w/luxurious primary suite on one side & additional well appointed bedrooms on other. Enjoy gorgeous VEIWS from one of the multiple outdoor patios, swim in the sparkling pool w/serene water feature, or sit & take in the surroundings by the exterior gas fireplace. Casita w/private entrance off lower level backyard. The PERFECT home exists!! Must see to appreciate all of the fine details.This home is the epitome of modern luxury in an unbelievable location just over the mountain from Scottsdale and close to some of the best hiking trails, and a short drive to downtown Fountain Hills.

1450 E Royal Palm Road Phoenix, AZ 85020

$1,400,000
7 Beds
4.5 Baths
3,550 SqFt
Status Active
MLS # 6718077
Property Type Single Family Residence
Price Type --
These homes are on two side by side lot addresses we combined as a compound of 3 living spaces on the property !! Location Location Location . Tuscany Vineyard and an Orchard Villa next door combined right at the Phoenix Mountain preserve. 2 guest venues totaling 7 bedrooms, 4 1/2 bath, lofts, vaulted ceilings, columns, mosaics in travertine. The'' Main House'' Kitchen features Teppanyaki venue, granite and gibralter counter tops , pass through serving windows to pool area. Home is made for entertaining w/ wet liquor bar and wet butler center. Bathroom fireplace, radiant heated floor in kitchen and bath. Loft, leaded glass window are the kind of features setting the property's feel. Property has pool, raised Trex decks for entertainment and outdoor living. French drains..... Guest #1 2024 new AC unit, has a loft with mountain views, fireplace, copper accents. Curved wall bathroom. .Guest# 2 venue has, olive, orange, elevated grow spaces , brand new mini split in guest house.Golf putting green with rough. Bonus office/gym/rec space or bedroom use lock off. 2 out buildings with a gated car space. Low maintenance yard. Ready for buyer to convert to Vacation Rental venues or entertain extended family or Multi -generational family living compound . NO HOA Neighborhood is known for Piestwa Peak parrots. Dreamy Draw Park mountain terrain hiking, biking, horse trails, and Canal trail access. The Property is near a resort with Tocasierra spa membership available w/ tennis courts. Quiet Street, Circle drive parking. Near eclectic neighborhood restaurants. Enjoy major sporting events, Superbowl, TCP Golf. Parades. Arabian Horse shows. Barrett Jackson, cultural events and Casinos. Water Skiing, Winter skiing (2 hrs). Sedona (1 1/2 hrs). Flagstaff alpine( 2 hrs). Grand Canyon 3 1/2 hrs. Palm Springs 4 hrs. Las Vegas 4 hrs driving. Centrally located close to Freeway access, airport, and all transportation. Phoenix living in this neighborhood is a great lifestyle. Can sell property as separate homes but prefer a buyer for it all. Selling AS IS

8982 E Rusty Spur Place Scottsdale, AZ 85255

$1,400,000
3 Beds
2 Baths
2,062 SqFt
Status Active
MLS # 6733023
Property Type Single Family Residence
Price Type --
What an incredible opportunity to live in one of the most desired master planned communities in the entire valley of the sun, where active lifestyles meet modern day convenience. Welcome to DC Ranch, a magnificent 4,400 acre upscale master planned community consisting of 4 incredible villages featuring 26 unique neighborhoods with over 28,000 homes and 7000 plus DC Ranch residents. DC Ranch offers a diverse collection of architecture, resident amenities and outdoor experiences including 47 parks and over 50 miles of lush scenic paths and trails that safely guide you through this incredible community. The McDowell Sonoran Preserve surrounds much of DC Ranch and is considered by many residents as the ''backyard'' to the community. The McDowell Sonoran Preserve is the *(Click More)* nation's largest urban land preserve, encompassing 36,000 acres, one-third of the City of Scottsdale totaling 57 square miles. Enjoy hiking and biking? You'll enjoy exhilarating hikes, along with miles and miles of mountain and road biking with endless opportunities to truly enjoy the beautiful Sonoran Desert. The scenic paths and tranquil trails are truly breathtaking! They safely and conveniently connect neighborhoods and guide residents through a collection of exceptional interactive and scenic walkways linking the neighborhoods to the incredible parks, enchanting gardens, grassy play areas, playgrounds, wildlife viewpoints, community pools, recreation areas, award winning schools and Market Street! Market Street is right around the corner, just a minutes' drive, a short walk or bike ride. Market Street at DC Ranch is an upscale, mixed-use lifestyle center nestled within the DC Ranch community. Spanning approximately 37 acres, this vibrant destination boasts a main street theme, characterized by 15 architecturally unique buildings. Visitors can explore a diverse array of distinctive shops and boutiques, savor culinary delights at various restaurants, and enjoy neighborhood conveniences along with live music, all within this charming setting. Additionally, Market Street features office spaces, making it an ideal location for both leisure and business activities. A few of the amazing eateries and numerous local hot spots include Vic & Ola's, Flemings, Grimaldi's, All American Modern Sports Grill, Jalapeno Inferno, Eggstacy, Liberty Station, The Living Room, and Pescada. Residents of The DC Ranch have access to two recreation centers, offering year-round activities to get fit, stay fit and enjoy a healthy lifestyle. The Homestead Community Center and the Desert Camp Community Center blend nicely with community parks providing a ton of amenities including vine covered ramadas, BBQ grills, fire pits, seat walls, shade canopies, adventure playground, grassy play areas perfect for picnics, a heated pool open year-round, splash pad and lighted tennis, pickleball, softball, baseball and basketball courts. The Homestead Playhouse community theatre includes Indoor and outdoor event facilities complete with a commercial kitchen. The opportunities to have fun in the parks, playgrounds and open spaces are truly endless. The perfect place for an evening stroll, bike ride, hike or jog with your friends, family and neighbors. DC Ranch offers a wide variety of classes to help you meet your fitness goals and help you connect with other residents including all levels of yoga, strength and balance, health and wellness and aqua fitness classes. Just a short 30 minute drive to Barlett Lake Recreation Reservoir. It's an outdoor enthusiast's dream destination for action and adventure. With more than 2,815 acres of open water and beautiful, unblemished lush desert landscape. Enjoy kayaking, fishing, scuba diving, camping, stargazing and some awesome off roading. Catch a D-backs spring training game, the stadium is a quick and easy 20 minute drive. DC Ranch is perfectly placed in North Scottsdale with quick and convenient access to the loop 101 freeway. Just 15 minutes to Scottsdale Airpark and 30 minutes to Sky Harbor and downtown Phoenix. This home is carefully set on one of the most amazing lots in the DC Ranch Villas! It's private, with only one neighbor. It's perfect, with incredible orientation for mountain views with no other homes directly in front or behind you. It's oversized, with a big backyard and side yard built for entertaining and surrounded with spectacular scenery and gorgeous views of the McDowell Mountains. This popular single level split floor plan is versatile and currently set up as a 2 bedroom with the Master Suite split to one side and the guest bedroom and den, office or bonus room on the other side. The inviting courtyard welcomes you to a dramatic entry that's light, bright and open featuring soaring ceilings with gorgeous hand scraped Hickory wood flooring, beautiful solid wood Alder doors, rounded corners, art niches, custom window covers, ceiling fans, designer two tone paint and upgraded lighting, hardware and fixtures with decorator touches throughout. The architectural detail is sincerely remarkable and incorporates attention to detail along with wonderful lighting and beautiful lines that create a modern and warm feel and flow. The great room is expansive, cheery, airy and warm with abundant natural lighting, soaring ceilings, a magnificent marble fireplace, custom built in media niche all surrounded by walls of scenic glass inviting the outside in creating an incredible extension of living space to this fabulous floor plan.Like to cook? Enjoy preparing lavish meals and memories in your wonderful open concept chefs kitchen featuring upgraded raised panel maple cabinets with gorgeous beveled edge granite slab countertops surrounded by a decorative backsplash. The kitchen includes a huge breakfast bar, double under mount sink, nice walk-in pantry, scenic picture windows and upgraded appliances complete with a KitchenAid stainless steel refrigerator, 5 burner gas cook top, custom stainless vent hood and built in microwave. The kitchen features a ton of great counter and cabinet space along with a wonderful private patio featuring a Dutch door that allows you to enjoy Arizona's wonderful weather inviting in a cool breeze and some AZ sunshine into your home. Formal dining offers a wonderful seating area showcasing floor to ceiling windows overlooking the scenic natural wash area full of lush desert plantings and stunning views of the McDowell Mountain Preserve. The dining area features an impressive chandelier and offers plenty of space to accommodate large dinner parties as well as intimate gatherings for a wonderful dining experience. Enjoy good food, great friends and memorable dinner parties. You will love this floor plan, it is spacious, yet efficient and combines quality and elegance, perfect for entertaining or a quiet night at home. Just off the hallway is a custom built media niche, perfect for a home office, hobby area or just surfing on the web. It includes rich maple cabinets with ample storage and natural wood countertops, a built-in desk and scenic picture window of the courtyard. The secondary bedroom is good sized with oil rubbed Hickory flooring, nice closet space, a remote ceiling fan, custom window covers and abundant natural lighting. The den, office or bonus room is truly a flex space, just perfect for that extra room or space that you're always looking for. It includes double entry doors, a private patio with mountain views, gorgeous Hickory wood floors, remote ceiling fan and custom built-in Alder cabinets featuring a work station with additional storage, display shelving and a built-in Murphy bed for an additional overnight guest, if ever needed. The hall bath has been meticulously remodeled with beautiful marble flooring, solid maple hardwood cabinetry, upgraded undermount sink and gorgeous marble slab countertops. It includes upgraded lighting, hardware and fixtures and a large and oversized marble finished shower with glass enclosure. The laundry room is perfectly placed within the floor plan for convenience and includes custom cabinets, rich marble flooring and a farmhouse sink complete with an decorative marble backsplash. The Seller is also including the existing front load washer and dryer. Now relax and retreat to the spacious master suite complete with high plate ceilings, warm wood Hickory flooring, custom window covers, remote ceiling fan, scenic mountain view windows and glass doors leading to your private patio for those late night dips in the hot tub. The spa inspired master bath update is fabulous including gorgeous maple cabinets, elegant marble flooring, an oversized double vanity with makeup station, dual sinks and a large wall to wall mirror. Enjoy the soothing garden soaking tub, walk-in closet, private toilet room and upgraded lighting, hardware and fixtures. The expansive marble shower features a rainbird head, shaving bench and custom glass enclosure. Want to get away...Grab a good book and glass of wine and head out to the cozy covered patio and enjoy Arizona's outdoor living at its finest. This backyard is ABSOLUTELY AMAZING and laid out perfectly for efficiency, relaxation, fun and entertaining. Turn on the water feature and step inside to soothing spa and let the stress just melt away. This is truly the place to relax, exhale and unwind while soaking up the incredible Arizona weather and the mesmerizing mountain views. Here you'll spend countless hours enjoying the classic southwest Saltillo tiled patio surrounded by towering trees, flowering bushes and shrubs all secured by rod iron view fencing. The patio includes a nice BBQ island along with ample seating areas for entertaining and family gatherings. The indoor & outdoor living spaces blend seamlessly to create an entertainment masterpiece perfect for large parties, intimate gatherings and outdoor living. Truly an entertainer's paradise and absolutely breathtaking! Both the front and backyard landscape watering systems are on a timer with auto watering. The home includes a soft water and R/O drinking water and security system. The spacious 2 car garage includes a garage keypad for convenient access. All of this and award winning DC Ranch schools, two world class country clubs and multiple recreation centers. DC Ranch is truly the number one the place to be for active lifestyles! Looking for a peaceful and tranquil place to unwind, relax, exhale and escape the daily pressures of our daily lives, this is it! This quality crafted move in ready home includes an impeccable selection of luxurious appointments and fine finishes that blend quality and attention to detail throughout this spectacular one of a kind opportunity. Better Hurry on this one!

3526 N Pueblo Way Scottsdale, AZ 85251

$1,400,000
3 Beds
3 Baths
2,149 SqFt
Status Active Under Contract
MLS # 6700897
Property Type Single Family Residence
Price Type --
Fantastic Scottsdale location walking distance to Old Town Scottsdale! Rebuilt and Remodeled in 2015 this meticulously maintained home is move in ready. This single level 3 bedroom and 3 bathroom home is equipped with 2 master suites and a generous size third bedroom. The home has thoughtful finishes and custom accents throughout. Newly constructed backyard scape with pool and spa (2016), turf area, covered patio, and fire pit. Large 2 car garage with extra space and storage. The kitchen opens to great room that makes entertaining and everyday life functional and enjoyable. All of this just 15 minutes from Sky Harbor. A bonus front covered secured patio with fire pit is a wonderful space to enjoy company and watch the Arizona sunsets.

7055 E Brilliant Sky Drive Scottsdale, AZ 85266

$1,400,000
3 Beds
3 Baths
1,687 SqFt
Status Active
MLS # 6748816
Property Type Single Family Residence
Price Type --
This gorgeous Novus plan has been completely transformed by the talented crew at Scottsdale Investment Props. All new everything from the cabinets to the floors & counters this split plan great room home has high flat ceilings w/large pocket door for indoor/outdoor living AND detached casita. Located on a south facing lot backing open space & a quick walk to the club makes this an ideal location far from any busy streets. Finishes are top notch including engineered hardwood & tile floors, raised panel 42'' cabinets w/hardware, satin plumbing fixtures, quartz counters, custom gas fireplace w/large format tile surrounds, ceiling fans, LED lighting throughout, ss appliances, etc. Back yard features covered patio, fire pit, b-in bbq, & tiled decking w/low maintenance landscaping.

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