March’s Most Interesting Home Sales

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It’s no secret that Phoenix Metro attracts many luxury home buyers. The list of buyers ranges from former professional athletes, to the leadership of notable organizations. Many of these buyers come from out of state and abroad seeking the diversity of the Arizona lifestyle.

Some of the most interesting home sales this month are:

 

$6,665,000

JHW Property LLC, a Delaware limited liability company, paid cash for a 11,858 square-foot home with pool on over three acres built in 2008 on the north side of the Desert Mountain-Chiricahua Golf Course in Scottsdale. The sale price includes a $140,000 equity golf membership. The home was sold by Stephen G. Hearn, as Trustee of the Stephen G. Hearn Living Trust. Stephen Hearn is the founder of the Hearn Co. in Chicago which buys, owns and operates commercial real estate in major markets throughout the U.S., including Chicago, Phoenix, San Diego and Denver.

 

$3,700,000

Catherine Sutherland of Waterloo, Ontario, as Trustee of the Sutherland Irrevocable Trust, paid cash for a 6,597 square-foot home with pool built in 2007 on the east side of the Desert mountain-Chiricahua Golf Course in Scottsdale. The home was sold by Monte and Usha Ahuja, as Trustees of the Monte Ahuja Family Trust. Monte Ahuja is the founder and former CEO of Transtar Industries, a worldwide distributor of transmission repair parts headquartered in Cleveland. He donated $10 million to his alma mater Cleveland State University and in 2006 he gave $30 million to University Hospitals to help build a new hospital in Beachwood, Ohio, now named the Univeristy Hospitals Ahuja Medical Center. Ahuja sold Transtar Industries in 2005, but is still CEO of Mura Holdings, a Beachwood-based investment company. He bought the Stern Advertising agency in 2010 and in 2012 purchased a $5.7 million bank note on Barrington Golf Club in Aurora, Ohio.

 

$3,200,000

Dickson and Beatrice Barnhart, as trustees of the Barnhart Family Revocable Trust, paid cash for a 3,751-square-foot condominium built in 2007 at Scottsdale Waterfront Residences in Scottsdale. Dick Barnhart is a financial adviser who has worked for Citigroup and Morgan Stanley Smith Barney in Scottsdale. The home was sold by Denny A. Ryerson, principal of the Ryerson Co., a real-estate developer in Scottsdale.

 

$3,425,000

Robert and Gail Auslander of Bellevue, Wash. purchased an 8,400-square-foot home with six bedrooms and seven bathrooms at Equestrian Trails in Paradise Valley. The master suite has an exercise room with a bar and two flat-screen TVs. There is a library and office with a fireplace and private patios, a formal living room, a dining room with wine room and a butler’s pantry, a huge gourmet kitchen opening to the oversized family room, three en-suite bedrooms, a media room, a game room, a separate guest house out by a party gazebo diving pool and air-conditioned garages. The residence is a Crestron Smart house, meaning touch pads allow owners to control lighting, temperature, entertainment and security systems. The home was sold by Stuart and Mary Ann Rhea. at Equestrian Trails in Paradise Valley. Stuart Rhea is the founder and CEO of Tempe-based Tolt Service Group, a nationwide provider of outsourced technology field services.

 

$2,250,000

Max and Rebecca Weinberg paid cash for a 4,095 square-foot home with pool built in 1966 at Paradise Hills in Paradise Valley. Max Weinberg is a drummer and member of Bruce Springsteen’s E Street Band. When the band broke up for a while starting in 1989, Weinberg became band leader for Conon O’Brien. The E Street Band got back together in 1995 to record several tracks for a greatest hits album, and later that year backed Chuck Berry, Jerry Lee Lewis and Bob Dylan at the opening concert for the Rock and Roll Hall of Fame. In 1999 they kicked off a worldwide reunion tour. With the release of “The Rising” in 2002 and the tour that followed, the group has been back ever since. The home was sold by Ann L. Sells, an executive vice president with SourceOne Inc., a computer server design and network systems integration company in Boise, ID. She was previously married to Steve Sells, IBM product manager at SourceOne Inc.

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