NOT LISTED FOR SALE

18856 N 40th Place Phoenix, AZ 85050

Paradise Valley Neighborhood

Estimated Value: $590,104 - $624,000

3 Beds
2 Baths
1,648 Sq Ft
$364/Sq Ft Est. Value

Last Sold July 22, 2021

Last sale price $505,000 $306 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,485/month

About This Home

As of July 2021

Well maintained 3 bedroom home in high demand neighborhood with NO HOA! Great room floor plan that is open, light and bright. Charming kitchen with granite counters in kitchen, breakfast bar and eating area. Upgraded tile and wood floors. ''Control 4'' lighting system that controls TV's, window shades and lighting. Private backyard with covered patio, pebble finish pool, fireplace and RV gate. Ideal location...easy access to the 101, the 51 and Desert Ridge Shopping.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Jul 10, 2021
Sold by
Hulstedt Eric and First International Bank & Tru
Bought by
Ghorbanpoor Armin
Seller's Agent
Lisa O'Brien
DPR Realty LLC
Buyer's Agent
Trevor Hendrickson
My Home Group Real Estate
List Price
$499,900
Sold Price
$505,000
Premium/Discount to List
$5,100
1.02%
Current Estimated Value
$596,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,203
Avg. Annual Appreciation
4.20%
Original Mortgage
$459,550
Outstanding Balance
$421,810
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$174,322

Purchase Details

Listed on
Feb 4, 2014
Closed on
Apr 9, 2014
Sold by
Leopoldi Frederick L
Bought by
The David Hulstedt Irrevocable Trust
Seller's Agent
Edward Gunkel
RE/MAX Fine Properties
Buyer's Agent
Andy Berglund
Coldwell Banker Realty
List Price
$255,000
Sold Price
$245,000
Premium/Discount to List
-$10,000
-3.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.46%

Purchase Details

Closed on
Aug 2, 1999
Sold by
Leopoldi Linda V
Bought by
Leopoldi Frederick L

Purchase Details

Closed on
Jul 28, 1999
Sold by
Gamez Lonnie P
Bought by
Leopoldi Frederick L

Purchase Details

Closed on
Jul 12, 1997
Sold by
Robertson Rodney M
Bought by
Gamez Lonnie P and Gamez Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,250
Interest Rate
7.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 1995
Sold by
Vanatta Beverly
Bought by
Robertson Rodney M and Robertson Tracey
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ghorbanpoor Armin $505,000 First American Title Ins Co
The David Hulstedt Irrevocable Trust $245,000 Equity Title Agency Inc
Leopoldi Frederick L -- First American Title
Leopoldi Frederick L $151,000 First American Title
Gamez Lonnie P $135,000 Capital Title Agency
Robertson Rodney M -- --
Vanatta Beverly -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ghorbanpoor Armin $459,550
Previous Owner Leopoldi Frederick L $33,000
Previous Owner Gamez Lonnie P $128,250
Previous Owner Robertson Rodney M $91,103
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2021 07/22/21 Sold $505,000 +1.0% $306 / Sq Ft
06/04/2021 06/04/21 For Sale $499,900 +104.0% $303 / Sq Ft
04/16/2014 04/16/14 Sold $245,000 -3.9% $149 / Sq Ft
03/19/2014 03/19/14 Pending -- -- --
02/04/2014 02/04/14 For Sale $255,000 0.0% $155 / Sq Ft
02/27/2013 02/27/13 Rented $1,450 +3.9% --
02/09/2013 02/09/13 Under Contract -- -- --
02/05/2013 02/05/13 For Rent $1,395 -- --

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,309 $27,365 -- --
2024 $2,256 $26,062 -- --
2023 $2,256 $39,210 $7,840 $31,370
2022 $2,235 $29,920 $5,980 $23,940
2021 $2,272 $27,750 $5,550 $22,200
2020 $2,194 $25,500 $5,100 $20,400
2019 $2,204 $23,700 $4,740 $18,960
2018 $2,124 $22,110 $4,420 $17,690
2017 $2,028 $21,110 $4,220 $16,890
2016 $1,996 $20,530 $4,100 $16,430
2015 $1,852 $19,420 $3,880 $15,540
Source: Public Records

Agents Affiliated with this Home

  • Lisa O'Brien

    Seller's Agent in 2021

    Lisa O'Brien

    DPR Realty

    (602) 380-9053

    2 in this area

    18 Total Sales

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  • Trevor Hendrickson

    Buyer's Agent in 2021

    Trevor Hendrickson

    My Home Group

    (480) 532-6271

    6 in this area

    93 Total Sales

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  • E

    Seller's Agent in 2014

    Edward Gunkel

    RE/MAX

    Section Image

  • L

    Seller Co-Listing Agent in 2014

    Loanne Gunkel

    RE/MAX

    Section Image

  • A

    Buyer's Agent in 2014

    Andy Berglund

    Coldwell Banker Realty

    Section Image
  • Darrin Fox

    Buyer's Agent in 2013

    Darrin Fox

    Russ Lyon Sotheby's International Realty

    (602) 882-9700

    11 in this area

    66 Total Sales

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Map

Arizona Maricopa County Phoenix 85050 Paradise Valley

18856 N 40th Place, Phoenix, AZ

This home is located at 18856 N 40th Place, Phoenix, AZ 85050 and is currently estimated at $600,026, approximately $364 per square foot. 18856 N 40th Place is a home located in Maricopa County with nearby schools including Quail Run Elementary School, Vista Verde Middle School, and Paradise Valley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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