3139 N 40th St Phoenix, AZ 85018
Camelback East Village Neighborhood
--
Bed
--
Bath
4,023
Sq Ft
1955
Built
Highlights
- Heated Community Pool
- Cooling System Mounted To A Wall/Window
- Floor Furnace
- Tavan Elementary School Rated A
About This Home
As of April 2021This beautiful paradise for tenants looks to be off the beaten path with full mature landscaping full privacy hedges, banana trees, bougainvillea and so forth.this nearly half acre in Arcadia lite property has a Full Single family house and a four plex! The pool has been closed off to only use in the 3 bedroom house that is currently vacant. This property is a value add dream! Currently four units have been left vacant for the purpose of a sale! Property is on Lockbox call for info! There is a second parcel at 3323 n 40th st if interested in both parcels Owner will sell for 1,800,000.
Last Agent to Sell the Property
Lee Garner
Better Homes & Gardens Real Estate SJ Fowler Listed on: 01/26/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,511
Year Built
- Built in 1955
Lot Details
- Additional Parcels
Home Design
- Brick Exterior Construction
- Tile Roof
- Composition Roof
- Foam Roof
- Block Exterior
- Adobe
Parking
- 8 Open Parking Spaces
- 11 Parking Spaces
- 3 Covered Spaces
Utilities
- Cooling System Mounted To A Wall/Window
- Floor Furnace
- Wall Furnace
- Window Unit Heating System
- Master Water Meter
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, landscaping
- Tax Lot 10
- Assessor Parcel Number 127-15-048
Community Details
Overview
- 2 Buildings
- 5 Units
- Building Dimensions are 0 x 0
- Palo Alto Park Subdivision
Recreation
- Heated Community Pool
Building Details
- Operating Expense $19,767
- Gross Income $88,920
- Net Operating Income $69,153
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 1, 2023
Sold by
Green Elephant Holdings Llc
Bought by
Engel Family Trust and Engel
Purchase Details
Closed on
May 9, 2023
Sold by
Jcbg Homes Llc
Bought by
Green Elephant Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,495,000
Interest Rate
6.42%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 10, 2021
Sold by
Green Elephant Development Llc
Bought by
Jcbg Homes Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,837,500
Interest Rate
2.9%
Mortgage Type
Construction
Purchase Details
Listed on
Jan 26, 2021
Closed on
Jun 11, 2021
Sold by
True Freedom Achievers Llc
Bought by
Green Elephant Development Llc
Seller's Agent
Lee Garner
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Aaron Remer
eXp Realty
List Price
$1,800,000
Sold Price
$958,000
Premium/Discount to List
-$842,000
-46.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.96%
Original Mortgage
$1,837,500
Interest Rate
2.9%
Mortgage Type
Construction
Purchase Details
Listed on
Jan 26, 2021
Closed on
Apr 5, 2021
Sold by
Orange Cove Corporation
Bought by
True Freedom Achievers Llc
Seller's Agent
Lee Garner
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Aaron Remer
eXp Realty
List Price
$1,800,000
Sold Price
$958,000
Premium/Discount to List
-$842,000
-46.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
3.05%
Mortgage Type
Unknown
Similar Homes in Phoenix, AZ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,650,000 | None Listed On Document | |
| Warranty Deed | -- | Truly Title | |
| Warranty Deed | -- | Accommodation | |
| Warranty Deed | $1,090,000 | Driggs Title Agency Inc | |
| Warranty Deed | $1,680,000 | Driggs Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,495,000 | New Conventional | |
| Previous Owner | $1,837,500 | Construction | |
| Previous Owner | $165,000 | Unknown | |
| Previous Owner | $720,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/27/2025 06/27/25 | Price Changed | $2,599,000 | -1.9% | -- |
| 05/29/2025 05/29/25 | For Sale | $2,649,000 | +176.5% | -- |
| 04/12/2021 04/12/21 | Sold | $958,000 | -8.8% | $238 / Sq Ft |
| 04/09/2021 04/09/21 | Price Changed | $1,050,000 | 0.0% | $261 / Sq Ft |
| 03/12/2021 03/12/21 | Pending | -- | -- | -- |
| 03/09/2021 03/09/21 | Price Changed | $1,050,000 | -41.7% | $261 / Sq Ft |
| 01/25/2021 01/25/21 | For Sale | $1,800,000 | -- | $447 / 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 | $2,138 | $27,203 | -- | -- |
| 2024 | $2,095 | $25,908 | -- | -- |
| 2023 | $2,095 | $100,700 | $20,140 | $80,560 |
| 2022 | $1,897 | $77,080 | $15,410 | $61,670 |
| 2021 | $1,976 | $65,130 | $13,020 | $52,110 |
| 2020 | $1,946 | $56,780 | $11,350 | $45,430 |
| 2019 | $1,876 | $49,170 | $9,830 | $39,340 |
| 2018 | $1,809 | $41,860 | $8,372 | $33,488 |
| 2017 | $1,730 | $27,760 | $5,550 | $22,210 |
| 2016 | $1,684 | $28,050 | $5,610 | $22,440 |
| 2015 | $1,545 | $26,100 | $5,220 | $20,880 |
Source: Public Records
Agents Affiliated with this Home
-
Bryant Aplass
Seller's Agent in 2025
Bryant Aplass
Gentry Real Estate
(480) 703-5914
8 in this area
66 Total Sales
-
L
Seller's Agent in 2021
Lee Garner
Better Homes & Gardens Real Estate SJ Fowler
-
Aaron Remer
Buyer's Agent in 2021
Aaron Remer
eXp Realty
(602) 321-8662
4 in this area
51 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6185694
APN: 127-15-048
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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