2523 N 40th St Phoenix, AZ 85008
Camelback East Village NeighborhoodEstimated Value: $751,000 - $972,000
4
Beds
3
Baths
2,426
Sq Ft
$349/Sq Ft
Est. Value
Highlights
- Guest House
- 0.34 Acre Lot
- Private Yard
- Phoenix Coding Academy Rated A
- Corner Lot
- No HOA
About This Home
As of May 2017Prime location in the Lower Arcadia neighborhood of Rancho Ventura. A 2400+ square foot, 4 bedroom/3 bath, 1/3 acre corner lot, including a guest house or detached office...in Central Phoenix! WOW! That's just the beginning of what this home has to offer. This property offers so much with its large towering trees, private interior courtyard with fire pit, and 1940's architecture, all of which has been maintained and updated. The guest house or home office has its own private entrance, allowing for a great source of income or a chance to save on office rent. The corner lot allows for plenty of parking for guests along Wilshire. The enormous irrigated grassed yard has endless possibilities and extends all the way to the east alley entrance. This lot is HUGE. Don't miss this gem.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,212
Year Built
- Built in 1947
Lot Details
- 0.34 Acre Lot
- Corner Lot
- Private Yard
- Grass Covered Lot
Parking
- 2 Carport Spaces
Home Design
- Brick Exterior Construction
- Tile Roof
- Block Exterior
- Stone Exterior Construction
- Stucco
Interior Spaces
- 2,426 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Breakfast Bar
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Laundry
- Dryer
- Washer
Schools
- Griffith Elementary Middle School
- Camelback High School
Utilities
- Refrigerated Cooling System
- Heating Available
Additional Features
- No Interior Steps
- Built-In Barbecue
- Guest House
Community Details
- No Home Owners Association
- Rancho Ventura Tr 3 Subdivision
Listing and Financial Details
- Tax Lot 70
- Assessor Parcel Number 126-04-073
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 4, 2024
Sold by
Bell David M
Bought by
David M Bell Revocable Living Trust and Bell
Total Days on Market
80
Current Estimated Value
Purchase Details
Listed on
Jan 26, 2017
Closed on
Apr 17, 2017
Sold by
Brooks Ronald Marsha Lynn
Bought by
Bell David M
Seller's Agent
Sean Elton
HomeSmart
Buyer's Agent
Lynnanne Phillips
Keller Williams Realty Sonoran Living
List Price
$474,900
Sold Price
$380,000
Premium/Discount to List
-$94,900
-19.98%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.51%
Original Mortgage
$185,000
Interest Rate
3.97%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 29, 2010
Sold by
Brooks Marsha L
Bought by
Brooks Marsha Lynn and Marsha Lynn Brooks Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| David M Bell Revocable Living Trust | -- | None Listed On Document | |
| Bell David M | $380,000 | First American Title Insuran | |
| Brooks Marsha Lynn | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Bell David M | $185,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/31/2017 05/31/17 | Sold | $380,000 | -10.6% | $157 / Sq Ft |
| 03/02/2017 03/02/17 | Price Changed | $424,900 | -5.4% | $175 / Sq Ft |
| 02/03/2017 02/03/17 | Price Changed | $449,000 | -5.5% | $185 / Sq Ft |
| 01/26/2017 01/26/17 | For Sale | $474,900 | -- | $196 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $2,638 | $25,142 | -- | -- |
| 2024 | $2,613 | $23,945 | -- | -- |
| 2023 | $2,613 | $53,710 | $10,740 | $42,970 |
| 2022 | $2,511 | $40,560 | $8,110 | $32,450 |
| 2021 | $2,586 | $37,300 | $7,460 | $29,840 |
| 2020 | $2,536 | $32,310 | $6,460 | $25,850 |
| 2019 | $2,531 | $31,810 | $6,360 | $25,450 |
| 2018 | $2,368 | $26,810 | $5,360 | $21,450 |
| 2017 | $2,261 | $24,650 | $4,930 | $19,720 |
| 2016 | $2,212 | $25,620 | $5,120 | $20,500 |
| 2015 | $2,084 | $22,400 | $4,480 | $17,920 |
Source: Public Records
Agents Affiliated with this Home
-
Sean Elton
S
Seller's Agent in 2017
Sean Elton
HomeSmart
(602) 451-1625
3 in this area
43 Total Sales
-
Lynnanne Phillips
Buyer's Agent in 2017
Lynnanne Phillips
Keller Williams Realty Sonoran Living
(616) 291-2532
2 in this area
75 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5551827
APN: 126-04-073
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.
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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