NOT LISTED FOR SALE

2225 N 40th St Phoenix, AZ 85008

Camelback East Village Neighborhood

Estimated Value: $197,000

0.47 Acre
$419,149 Price per Acre
20,473 Sq Ft Lot

Last Sold January 20, 2017

Last sale price $160,000

Est. 23% increase in value since last sale

Current estimated payment $1,285/month

631 Days on Market

About This Lot

As of January 2017

RARE chance for a half acre vacant lot available for build-to-suit opportunity or great investment potential. Lot can be subdivided or developed as desired. No HOA. Conveniently located minutes from Costco/Target/Frys Shopping center, freeway access and only a few exits from down town Phoenix. Build your dream home as you wish. No other vacant lots anywhere near Arcadia like this. These opportunities don't come around often!

Last Agent to Sell the Property

Daniel Brown

My Home Group Real Estate License #SA586198000 Listed on: 04/24/2015

My Home Group Real Estate

Last Buyer's Agent

Ray Whitby

Raymond E Whitby License #BR512102000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,849

Lot Details

  • 0.47 Acre Lot
  • Property is zoned R1-10

Schools

  • Camelback High School

Community Details

  • No Home Owners Association
  • Ventura Manor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 126-05-010

Property Details

Property Type

Land

Est. Annual Taxes

$1,849

Lot Details

0

Listing Details

  • Cross Street: 40th st & Oak st
  • Legal Info Range: 4E
  • Property Type: Land
  • Topography: {"Level":true}
  • Zoning: R1-10
  • Tax Year: 2014
  • Directions: South on 40th Street, located on East side of street.
  • Horses: No
  • Lot Size Acres: 0.47
  • Road Surface Type: Asphalt
  • Subdivision Name: VENTURA MANOR
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Disclosures: Soil Test
  • Other Structures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 100x200
  • Lot Size Sq Ft: 20359.0
  • Additional Parcels: No
  • Parcel #: 126-05-010
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1849.0
  • Tax Book Number: 126.00
  • Tax Lot: -
  • Tax Map Number: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2015
Closed on
Jan 19, 2017
Sold by
Chun Myung S
Bought by
Az Progressive Housing Llc
Seller's Agent
Daniel Brown
My Home Group Real Estate
Buyer's Agent
Ray Whitby
Raymond E Whitby
List Price
$200,000
Sold Price
$160,000
Premium/Discount to List
-$40,000
-20%
Current Estimated Value
$197,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,000

Purchase Details

Closed on
Oct 3, 2005
Sold by
Ra Moreno Llc
Bought by
Chun Myung Soh and Chun Changsoon Oh

Purchase Details

Closed on
Apr 16, 2005
Sold by
Houle Theresa T
Bought by
Ferrie William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
5.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2003
Sold by
Houle Theresa
Bought by
James Robert and James Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,900
Interest Rate
5.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 1992
Sold by
Houle E Richard and Houle Theresa T
Bought by
Houle Edward W and Houle Edward
Source: Public Records

Range of Values:

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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
Az Progressive Housing Llc $160,000 Chicago Title Agency Inc
Chun Myung Soh $190,000 Capital Title Agency Inc
Ra Moreno Llc -- --
Ferrie William J $135,000 Fidelity National Title
James Robert $162,000 Arizona Title Agency Inc
Houle Theresa $25,587 Arizona Title Agency Inc
James Robert $162,000 Arizona Title Agency Inc
Houle Theresa $25,587 Arizona Title Agency Inc
Houle Edward W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Az Progressive Housing Llc $1,435,000
Closed Az Progressive Housing Llc $680,000
Closed Az Prrogressive Housing Llc $289,500
Previous Owner Ferrie William J $121,500
Previous Owner Houle Theresa $0
Previous Owner James Robert $153,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2017 01/20/17 Sold $160,000 -20.0% --
01/13/2017 01/13/17 Pending -- -- --
04/23/2015 04/23/15 For Sale $200,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $11,835 $98,111 -- --
2024 $11,723 $93,439 -- --
2023 $11,723 $156,220 $31,240 $124,980
2022 $11,304 $130,550 $26,110 $104,440
2021 $11,491 $118,700 $23,740 $94,960
2020 $1,869 $29,295 $29,295 $0
2019 $1,809 $15,645 $15,645 $0
2018 $1,704 $11,280 $11,280 $0
2017 $1,666 $11,280 $11,280 $0
2016 $1,630 $10,440 $10,440 $0
2015 $2,125 $13,808 $13,808 $0
Source: Public Records

Agents Affiliated with this Home

  • Daniel Brown

    Seller's Agent in 2017

    Daniel Brown

    My Home Group

    (480) 707-2934

    18 in this area

    379 Total Sales

    Daniel Brown
    Section Image
  • Ray Whitby

    Buyer's Agent in 2017

    Ray Whitby

    Raymond E Whitby

    (480) 251-1313

    22 Total Sales

    Ray Whitby
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5270063

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-05-010

Arizona Maricopa County Phoenix 85008 Camelback East Village

2225 N 40th St, Phoenix, AZ

This home is located at 2225 N 40th St, Phoenix, AZ 85008 since 24 April 2015 and is currently priced at $197,000. 2225 N 40th St is a home located in Maricopa County with nearby schools including Griffith Elementary School, Camelback High School, and Phoenix Coding Academy.

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.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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