$765,000 - $1,162,000
RENTED JUN 15, 2025

23111 N 40th Way Phoenix, AZ 85050

Desert Ridge Neighborhood
4 Beds
3 Baths
3,508 Sq Ft
$292 Price per Sq Ft

Last Sold June 02, 2021

Last sale price $853,000 $243 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $6,210/month

About This Home

As of June 2021

Sleek & Stylish Home for Rent Near Desert Ridge! Available June 1st!

WOW! This SPACIOUS 3500sqft 4-bedroom + Loft, 2.5-bathroom home offers comfortable modern living in one of North Phoenix's most desirable neighborhoods. Located near Desert Ridge, this beautifully designed home combines modern finishes with everyday functionality; perfect for families, professionals, or anyone looking for comfort and convenience. Enjoy Arizona living at its finest with this thoughtfully designed outdoor space featuring Large Covered patio with motorized screens, Modern swimming pool with waterfall feature, Built-in Propane BBQ grill, Propane Firetable, Private putting green & separate turf area for pets and kids to play! *Interior Highlights*
Open-concept entertainer's kitchen with Oversized island with seating, Modern quartz countertops and slab backsplash, Sleek black cabinetry, Huge Walk-in pantry, Professional-grade stainless steel appliances including: Gas cooktop, Double ovens, Refrigerator & dishwasher
- Two spacious living rooms plus a versatile loft ideal as a home gym, office, or playroom
- Water softener & RO system included
- Dedicated laundry room with washer & dryer

*Bedrooms & Bathrooms*
- 4 total Bedrooms including a generous primary suite with Walk-in closet and Ensuite with soaking tub, separate shower & private water closet
- 2.5 bathrooms with modern fixtures and ample storage

*Additional Features*
- 3-car garage with built-in cabinetry
- EV charger for your Tesla or electric vehicle
- Weekly pool maintenance included in rent
- Top-rated schools
- Easy access to Loop 101, Mayo Clinic, shopping, dining & more

Available starting June 1st for a 12-month lease. Landlords provide weekly pool service. Tenants responsible for utilities, landscaping.

Pet-friendly upon approval with additional fees

Don't miss this opportunity to rent a truly exceptional home in a fantastic location.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2021
Closed on
May 27, 2021
Sold by
Hutelmyer James J and Ellis Kristin
Bought by
Rao Mary Elizabeth and Rao Nilin
Seller's Agent
Holly Henbest
Realty ONE Group
Buyer's Agent
Jennifer Caterinacci
HomeSmart
List Price
$825,000
Sold Price
$853,000
Premium/Discount to List
$28,000
3.39%
Current Estimated Value
$1,025,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,006
Avg. Annual Appreciation
4.76%
Original Mortgage
$853,000
Outstanding Balance
$780,645
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$244,361

Purchase Details

Closed on
Oct 16, 2020
Sold by
Hutelmyer James J and Ellis Kristin
Bought by
Hutelmyer James J and Ellis Kristin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 1, 2015
Closed on
Apr 22, 2015
Sold by
Hutelmyer James J
Bought by
Hutelmyer James J and Ellis Kristin
Seller's Agent
Cindy Metz
Russ Lyon Sotheby's International Realty
Buyer's Agent
Steve Russell
Keller Williams Arizona Realty
List Price
$459,000
Sold Price
$545,000
Premium/Discount to List
$86,000
18.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.43%
Original Mortgage
$436,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 1, 2015
Closed on
Mar 17, 2015
Sold by
Mendez Evelyn
Bought by
Hutelmyer James J
Seller's Agent
Cindy Metz
Russ Lyon Sotheby's International Realty
Buyer's Agent
Steve Russell
Keller Williams Arizona Realty
List Price
$459,000
Sold Price
$545,000
Premium/Discount to List
$86,000
18.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 2011
Sold by
Knight Bradford
Bought by
Knights Bradford and Morris Vicki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2011
Sold by
Pulte Home Corporation
Bought by
Knights Bradford W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2010
Sold by
D R Horton Inc Dietz Crane
Bought by
Mendez Evelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.03%
Mortgage Type
VA

Purchase Details

Closed on
Dec 29, 2009
Sold by
Matos William
Bought by
Mendez Evelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.03%
Mortgage Type
VA

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Rao Mary Elizabeth $853,000 Chicago Title Agency
Hutelmyer James J -- Magnus Title Agency Llc
Hutelmyer James J -- Great American Title
Hutelmyer James J $545,000 Chicago Title Agency Inc
Knights Bradford -- None Available
Knights Bradford W $472,594 Sun Title Agency Co
Mendez Evelyn $431,365 Accommodation
Mendez Evelyn -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rao Mary Elizabeth $853,000
Previous Owner Hutelmyer James J $400,000
Previous Owner Hutelmyer James $413,250
Previous Owner Hutelmyer James J $425,200
Previous Owner Hutelmyer James J $442,000
Previous Owner Hutelmyer James J $436,000
Previous Owner Knights Bradford W $378,000
Previous Owner Mendez Evelyn $417,000
Previous Owner Mendez Evelyn $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2025 06/15/25 Rented $5,500 0.0% --
04/09/2025 04/09/25 For Rent $5,500 -2.7% --
05/12/2023 05/12/23 Rented $5,650 -5.8% --
04/01/2023 04/01/23 Rented $6,000 +6.2% --
03/22/2023 03/22/23 Under Contract -- -- --
03/19/2023 03/19/23 For Rent $5,650 -2.6% --
01/28/2023 01/28/23 Under Contract -- -- --
01/08/2023 01/08/23 Price Changed $5,800 -3.3% $2 / Sq Ft
12/31/2022 12/31/22 Price Changed $6,000 -4.0% $2 / Sq Ft
12/05/2022 12/05/22 Price Changed $6,250 -3.8% $2 / Sq Ft
11/16/2022 11/16/22 For Rent $6,500 0.0% --
06/02/2021 06/02/21 Sold $853,000 +3.4% $243 / Sq Ft
04/25/2021 04/25/21 Pending -- -- --
04/24/2021 04/24/21 For Sale $825,000 0.0% $235 / Sq Ft
04/24/2021 04/24/21 Price Changed $825,000 +0.6% $235 / Sq Ft
04/06/2021 04/06/21 Pending -- -- --
03/31/2021 03/31/21 For Sale $820,000 +50.5% $234 / Sq Ft
03/25/2015 03/25/15 Sold $545,000 -0.7% $152 / Sq Ft
02/10/2015 02/10/15 Pending -- -- --
01/01/2015 01/01/15 Price Changed $549,000 +19.6% $153 / Sq Ft
12/21/2014 12/21/14 For Sale $459,000 -- $128 / Sq Ft

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 $6,325 $63,547 -- --
2024 $6,793 $43,062 -- --
2023 $6,793 $71,950 $14,390 $57,560
2022 $5,531 $55,660 $11,130 $44,530
2021 $5,549 $52,280 $10,450 $41,830
2020 $5,445 $50,510 $10,100 $40,410
2019 $5,471 $48,500 $9,700 $38,800
2018 $5,272 $48,260 $9,650 $38,610
2017 $5,029 $48,480 $9,690 $38,790
2016 $4,935 $50,020 $10,000 $40,020
2015 $4,526 $50,610 $10,120 $40,490
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Caterinacci

    Seller's Agent in 2025

    Jennifer Caterinacci

    HomeSmart

    (440) 715-5117

    2 in this area

    23 Total Sales

    Jennifer Caterinacci
    Section Image

  • S

    Buyer's Agent in 2025

    Sabrina Hargrave

    HomeSmart

    (907) 250-5077

    3 Total Sales

    Sabrina Hargrave
    Section Image
  • DeAndre Harvey

    Buyer's Agent in 2023

    DeAndre Harvey

    My Home Group

    (480) 685-1515

    145 Total Sales

    DeAndre Harvey
    Section Image
  • Holly Henbest

    Seller's Agent in 2021

    Holly Henbest

    Realty One Group

    (480) 266-8785

    38 in this area

    175 Total Sales

    Holly Henbest
    Section Image
  • Thomas Henbest

    Seller Co-Listing Agent in 2021

    Thomas Henbest

    Realty One Group

    (480) 323-0751

    18 in this area

    57 Total Sales

    Thomas Henbest
    Section Image
  • Cindy Metz

    Seller's Agent in 2015

    Cindy Metz

    Russ Lyon Sotheby's International Realty

    (602) 803-2293

    2 in this area

    151 Total Sales

    Cindy Metz
    Section Image
See All Agents

Map

Arizona Maricopa County Phoenix 85050 Desert Ridge

23111 N 40th Way, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 23111 N 40th Way, Phoenix, AZ 85050 and is currently estimated at $1,025,006, approximately $292 per square foot. 23111 N 40th Way is a home located in Maricopa County with nearby schools including Desert Trails Elementary School, Explorer Middle School, and Pinnacle 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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