$1,850,000
SOLD APR 18, 2025
5 Beds
6 Baths
5,232 Sq Ft
0.37 Acres

Recently Sold

$354 Per Sq Ft

26% Below List Price

139 Days on Market

Highlights

  • Guest House
  • Heated Spa
  • Fireplace in Primary Bedroom
  • Phoenix Coding Academy Rated A
  • 0.37 Acre Lot
  • Wood Flooring

About This Home

As of April 2025

Motivated Seller/Builder! A new Erwin Jaye creation - Modern Luxury just south of Arcadia. Every detail of this 5 bedroom masterpiece has been thoughtfully considered and expertly crafted, from the framing to the quality finishes, to the seamless smart home technology integration. Details such as hand-troweled venetian plaster and embedded light fixtures, generous butler pantry and doggie bath laundry are generally found at much higher price points. This flexible floor plan features a separate primary retreat that feels like a private spa, and an attached full casita including kitchen, bath and laundry. All bedrooms are ensuite. The kitchen is a cook's dream with all Thermador appliances, streamlined wood cabinets, and a huge, cantilevered island with plenty of room for room for seating and entertaining! The living area opens onto a generous patio and beyond is a new pool, hot tub, and large grassy area in the oversized backyard. New lush landscaping creates a beautiful green screen to increase privacy and enhance the outdoor views. Enjoy the lifestyle this amazing location affords: close to restaurants, shopping, golf, hiking, ASU, freeways, and 15 minutes to the airport. Don't miss this wonderful opportunity to own a brand new home by Arcadia area design builder, Erwin Jaye. This incredible property would also make a profitable high-end luxury lease for your portfolio. Leasing proforma by Good Night Stay in documents. Motivated Seller would love to work with you!

Last Agent to Sell the Property

Jennifer Sheedy

RETSY License #SA531855000 Listed on: 10/31/2024

RETSY

Last Buyer's Agent

Susan Poynter

Valley Executives Real Estate License #SA647912000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,515

Year Built

  • Built in 2024

Lot Details

  • 0.37 Acre Lot
  • Block Wall Fence
  • Artificial Turf

Parking

  • 4 Car Direct Access Garage
  • 3 Open Parking Spaces
  • Garage ceiling height seven feet or more
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Spray Foam Insulation
  • Composition Roof
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 5,232 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Double Pane Windows
  • Family Room with Fireplace
  • 2 Fireplaces
  • Smart Home
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bathroom is a Full Bathroom
  • 6 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Pool

  • Heated Spa
  • Private Pool
  • Fence Around Pool

Schools

  • Griffith Elementary School
  • Pat Tillman Middle School
  • Camelback High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Covered patio or porch
  • Guest House

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Built by Scorpion
  • Rancho Ventura Subdivision

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 126-04-020

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,515

Year Built

Built in 2024

Lot Details

0

Parking

4

Listing Details

  • Cross Street: 40th Street and Thomas
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 3.0
  • Parking Spaces Total Covered Spaces: 4.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2024
  • Spa Private: Yes
  • Tax Year: 2024
  • Directions: South on 40th Street, East on Oak Street, to the home on the north side of the street.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.37
  • Subdivision Name: RANCHO VENTURA
  • Property Attached Yn: No
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Fireplace Features Fireplace Master Bdr: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Technology:Smart Home: Yes
  • Special Features: 4098

Interior Features

  • Flooring: Tile, Wood
  • Basement YN: No
  • Spa Features: Heated, Private
  • Appliances: Gas Cooktop
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: 2 Fireplace, Family Room, Master Bedroom
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Smart Home, Double Vanity, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, No Interior Steps, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 5232.0
  • Stories: 1
  • Window Features: Dual Pane
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Alley, Gravel/Stone Front, Gravel/Stone Back, Synthetic Grass Back
  • Pool Features: Fenced, Private
  • Disclosures: Seller Discl Avail
  • Construction Type: Spray Foam Insulation, Stucco, Wood Frame, Painted
  • Other Structures: Separate Guest House
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Composition, Built-Up
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Separate Guest House: Yes
  • Construction:Spray Foam Insulatn: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Garage Door Opener, Direct Access, Over Height Garage
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Open Parking Spaces: 3.0
  • Parking Features:Over Height Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Natural Gas
  • Laundry Features: Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Griffith Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Pat Tillman Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 16209.0
  • Parcel #: 126-04-020

Green Features

  • Green Water Conservation: Tankless Ht Wtr Heat

Building Info

  • Builder Name: Scorpion

Tax Info

  • Tax Annual Amount: 3515.0
  • Tax Book Number: 126.00
  • Tax Lot: 19
  • Tax Map Number: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2024
Closed on
Apr 17, 2025
Sold by
Steadfast Home Solutions Llc
Bought by
Hahn Michael R and Patel Seema U
Seller's Agent
Jennifer Sheedy
RETSY
Buyer's Agent
Susan Poynter
Valley Executives Real Estate
List Price
$2,500,000
Sold Price
$1,850,000
Premium/Discount to List
-$650,000
-26%
Views
109
Current Estimated Value
$1,866,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,536
Avg. Annual Appreciation
8.34%
Original Mortgage
$1,480,000
Outstanding Balance
$1,474,885
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$421,653

Purchase Details

Listed on
Mar 3, 2022
Closed on
Mar 22, 2022
Sold by
Morales Ted A
Bought by
Steadfast Home Solutions Llc
Seller's Agent
Russell Shaw
Realty One Group
Buyer's Agent
Jordyn Sell
Compass
List Price
$529,900
Sold Price
$590,000
Premium/Discount to List
$60,100
11.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.10%
Original Mortgage
$441,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2021
Sold by
Nixon Janet Willene and Estate Of Janet Willene Nixon
Bought by
Morales Ted A
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,850,000 Wfg National Title Insurance C
Warranty Deed $590,000 Old Republic Title
Deed Of Distribution -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,480,000 New Conventional
Previous Owner $200,000 New Conventional
Previous Owner $441,000 New Conventional
Previous Owner $100,000 New Conventional
Previous Owner $570,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2025 04/18/25 Sold $1,850,000 -7.5% $354 / Sq Ft
03/15/2025 03/15/25 Price Changed $1,999,998 -4.8% $382 / Sq Ft
03/08/2025 03/08/25 Price Changed $2,100,000 -3.7% $401 / Sq Ft
03/02/2025 03/02/25 Price Changed $2,180,000 -3.1% $417 / Sq Ft
02/23/2025 02/23/25 Price Changed $2,250,000 -1.3% $430 / Sq Ft
02/14/2025 02/14/25 Price Changed $2,280,000 -2.1% $436 / Sq Ft
02/06/2025 02/06/25 Price Changed $2,330,000 -2.1% $445 / Sq Ft
01/29/2025 01/29/25 Price Changed $2,380,000 -0.8% $455 / Sq Ft
01/22/2025 01/22/25 Price Changed $2,400,000 -4.0% $459 / Sq Ft
10/31/2024 10/31/24 For Sale $2,500,000 +323.7% $478 / Sq Ft
03/25/2022 03/25/22 Sold $590,000 +11.3% $411 / Sq Ft
03/06/2022 03/06/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $529,900 -- $369 / Sq Ft
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 $3,515 $29,271 $29,271 --
2024 $3,038 $27,877 $27,877 --
2023 $3,038 $40,560 $8,110 $32,450
2022 $2,928 $30,500 $6,100 $24,400
2021 $2,626 $26,350 $5,270 $21,080
2020 $2,575 $27,280 $5,450 $21,830
2019 $2,570 $29,270 $5,850 $23,420
2018 $2,405 $24,170 $4,830 $19,340
2017 $2,297 $22,380 $4,470 $17,910
2016 $2,247 $21,020 $4,200 $16,820
2015 $2,116 $17,830 $3,560 $14,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6778389

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-04-020