AZ Real Estate 12-31-2017

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Arizona Republic

z SUNDAY, DECEMBER 31, 2017 z 1R

Real Estate

Last Wright-designed home for sale Architect began work on curvaceous ‘Norman Lykes home’ in 1959 and it was built in 1967 with rounded windows and walls to blend into the desert mountain it is perched on. His apprentice John Rattenbury ÿnished the design, and the house was built in 1967. Luciano said the home has had only two owners, the Lykeses and the family that bought it in the mid-1980s and is now selling it.

Catherine Reagor Columnist Arizona Republic USA TODAY NETWORK

Buyers will soon have the rare chance to buy an iconic Phoenix home: the last house Frank Lloyd Wright ever designed. Called the “Norman Lykes home” after who it was designed for, the almost 2,900-square-foot curvaceous house at the edge of the Phoenix Mountains Preserve can be yours for $3.25 million. Its circle structure is reminiscent of New York’s Guggenheim Museum, also designed by Wright late in his life. The proliÿc architect created more than 1,000 buildings across the world, but this house is the only one of his currently for sale in metro Phoenix. “It’s an amazing home, and one of only 14 circle houses designed by Wright,” said Jack Luciano, an agent with the Scottsdale o“ce of Beverly Hills-based brokerage The Agency. He will be listing the three-bedroom Lykes home for sale in early 2018. Wright started designing the home in 1959, just before his death,

Not the most famous Phoenix Wright house The Lykes home is the ÿrst Wright-designed Valley house to go on the market since the controversy over the architect’s most famous Arizona house ended. In June, years of ÿghting over preserving the David and Gladys Wright house in Phoenix’s Arcadia neighborhood came to an end when it was donated for use by the Taliesin West architecture program. The home built in 1952 was designed for Wright’s son and his wife. Taliesin West is the school and winter camp Wright founded in Scottsdale in 1937. The gift came in time for what would have been Wright’s 150th See REAGOR, Page 3R

The last home designed by Frank Lloyd Wright, the “Norman Lykes home,” is an almost 2,900-square-foot curvaceous house at the edge of the Phoenix Mountains Preserve. It’s for sale for $3.25 million. FRANK LLOYD WRIGHT FOUNDATION

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What Has Been Happening to

YOUR HOME’S VALUE? You May Be Amazed At How Much Your Home Has Appreciated Many homeowners just like you are shocked to learn how much money they have made with their home in the last 12 months alone! Home Value Hotline

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Hotline

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Median Listing Price vs. Listing Volume

Median Sales Price by Square Footage

This chart compares the listing price and listing volume for homes in an area. Listing prices often follow listing volume, with a time lag, because supply can drive price movements. Data Source: On- and off-market listings sources Update Frequency: Monthly

This chart shows the median price of homes reported sold in the past six months, according to the size of the living space, in the area of your search. The amount shown for the subject property is sold data where available, or the property's estimated value when sales data are unavailable (such as a non-disclosure state) or provided in range format. Data Source: Public records and MLS data where licensed Update Frequency: Monthly

Median List Price Listing Volume

Home Value Hotline

Neighborhood: Hou

This House Comps 85254

Home Value Hotline

Home Value Hotline

Property History

Home Facts

Median Estimated Home Value

Median Estimated Home Value Estimated Home Value 12-Month Change Median List Price List Price 1-Month Change List Price 12-Month Change Median Home Age Own Rent Vacancy $ Value of All Buildings for which Permits Were Is %Change in Permits for All Buildings %Change in $ Value for All Buildings

This chart displays property estimates for an area and a subject property, where one has been selected. 1.5% home –1% 2.4% Estimated values are generated by a23.9% valuation 15.6% model and are not 25.7% formal appraisals. 28 27 Data29Source: Valuation calculations based on public records and MLS65% 73% 71% sources where licensed 27% 29% 35% Update Frequency: Monthly 5.81% 5.38% – This – House– 85254 – – Maricopa County – – Arizona

$1.46B –12% –10%

2.3% 20.9% 27 67% 33% – $2.42B –16% –11%

Median Sales Price vs. Sales Volume This chart compares the price trend and sales volume for homes in an area. Home prices typically follow sales volume, with a time lag, since sales activity is the driver behind price movements. Data Source: Public records data Update Frequency: Monthly

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You don’t even have to talk to anyone.

Sales History Sales Date 1/7/2002 2/11/2000

Sales Amount $311,000 $255,000

Price per sq. ft. $108 $88

Homeowner Facts Owner Name Mailing Address Vesting

Median Sales Price Sales Volume

2) Click on:

7050 E Ann Way Scottsdale AZ 85254-5323

Legal Description Parcel Number: 175-71-048

Zoning: –

Census Tract: 040131032.072039

Abbreviated Description: LOT:23 SEC/TWN/RNG/MER:SEC 15

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City/Municipality/Township: Scottsdale, AZ 85254

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Two ways to get your FREE NO OBLIGATION Report: 1) Call our HOME VALUE HOTLINE: (480) 483-2679 Just leave a message.

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Home Facts Property Type Property Subtype Total Baths Full Baths Partial Baths Living Area (sq ft) Lot Size Lot Dimensions Garage Garage (spaces) Pool Year Built Total Rooms Roofing Heating Cooling Exterior Walls Number of Buildings Number of Stories

Home Value Hotline

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