A newly remodeled home in Paradise Valley has just hit the market for $4.5 million.

"It was taken down to the studs," said Hayley Jamison of America One Luxury Real Estate. "It feels like a brand new home."

Jamison and Jonathan Leaman co-listed the 5,220-square-foot home at 9802 N. 53rd Place on behalf of the current owner, Phoenix-based Saral Invespro Inc.

With four bedrooms and 5.5 bathrooms, the home was built in 1983 on a 0.95-acre lot near Mountain View and 52nd Street.

It sits in a sought-after neighborhood featuring the three Cs: Cherokee Elementary School, Cocopah Middle School and Chaparral High School. This public school system has long been known for its top scores.

"It's a great site," said Leaman, managing partner of America One Luxury Real Estate. "A lot of these newly built homes are in that 7,000-plus square foot range. This is a good size for somebody who wants to get into Paradise Valley and doesn't want to spend $10 million."

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By Angela Gonzales - Senior Reporter, Phoenix Business Journal