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10615 N Aberdeen Rd., Scottsdale, AZ 85254 – Scrape and build 6000+ SQFT New Build

• 6,000 SqFt

Available

Offer Submission Deadline

House Type Single Family House
Year Built 2025
Approx.SqFt. 6000
Lot size SqFt. 49223
Garage Attached Garage

Description

Luxury New Build Underwriting Summary

Property: 10615 N Aberdeen Rd, Scottsdale, AZ 85254

Strategy: Scrape existing structure, build new 6,000 sq ft luxury spec home

Project Assumptions

· Lot Purchase Price: $1,399,999

· Build Size: 6,000 sq ft

· Build Cost: $325/sq ft = $1,950,000

· Soft Costs/Carry/Permits: $600,000

· Total Project Cost: $3,949,999

Luxury New Build Comparable Sales (within ~2 miles)

1. 6521 E Paradise Dr - 6,217 sq ft listed $4,400,000 (~$708/sq ft), active 2025, ~1.5 miles

2. 5919 E Corrine Dr - 3,619 sq ft listed $3,165,000 (~$875/sq ft), active 2025, ~1.8 miles

3. 7445 E Vista Dr - 6,153 sq ft sold $4,895,000 (~$795/sq ft), 2025, ~1.6 miles

4. 8125 E Gail Rd - 6,000 sq ft sold $5,250,000 (~$875/sq ft), 2025, ~1.5 miles

ARV Scenarios

· $800/sq ft: $4,800,000

· $850/sq ft: $5,100,000

· $900/sq ft: $5,400,000

Profit Scenarios

· ARV $4,800,000 → Profit: $850,000 (ROI 21.5%)

· ARV $5,100,000 → Profit: $1,150,000 (ROI 29.1%)

· ARV $5,400,000 → Profit: $1,450,000 (ROI 36.7%)

Summary

· Total Project Cost: ~$3.95M

· Breakeven ARV: ~$4.2M

· Target ARV: $4.8–$5.4M based on surrounding new builds

· Top-tier finishes and thoughtful design critical to maximize ROI

Estimated Spread

ARV $5,100,000
Price $1,399,000
Spread $3,701,000

DOCS

File Name	Size
10615_N_Aberdeen_Underwriting_Summary_Updated.docx	38kb	Download

Brett Benning

Phone (480) 717-1310

Email brett@reinetwork.net

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