NOT LISTED FOR SALE

6501 N 40th St Paradise Valley, AZ 85253

Estimated Value: $1,519,000 - $2,682,000

5 Beds
3 Baths
5,017 Sq Ft
$448/Sq Ft Est. Value

Last Sold June 15, 2012

Last sale price $525,000 $105 Per Sq Ft

Est. 328% increase in value since last sale

Current estimated payment $12,491/month

97 Days on Market

Highlights

  • Private Pool
  • RV Gated
  • Bonus Room
  • Kiva Elementary School Rated A
  • Outdoor Fireplace
  • Great Room

About This Home

As of June 2012

THIS IS A RARE FIND IN PARADISE VALLEY ON A LARGE LOT WITH 3 CAR GARAGE, 5 BEDROOMS, 3 BATHROOMS, KITCHEN REMODELED, POOL WITH ROCK SLIDE, RAMADA IN BACK PLUS HUGE RAISED GARDEN, RV GATES. PERFECT PIECE OF PROPERTY, GREAT HOME TO ADD YOUR OWN TOUCHES WHILE LIVING IN THE PRESTIGOUS COMMUNITY OF PARADISE VALLEY.

Last Agent to Sell the Property

Justin Baker

LPT Realty, LLC License #SA527046000 Listed on: 01/20/2012

LPT Realty, LLC

Last Buyer's Agent

Justin Baker

My Home Group Real Estate License #SA527046000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,236

Year Built

  • Built in 1969

Lot Details

  • Desert faces the front and back of the property
  • Block Wall Fence
  • Desert Landscape

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 5,017 Sq Ft Home
  • Wet Bar
  • Ceiling height of 9 feet or more
  • Fireplace
  • Great Room
  • Breakfast Room
  • Formal Dining Room
  • Bonus Room
  • Tile Flooring

Kitchen

  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Parking

  • 3 Car Garage
  • Garage Door Opener
  • RV Gated

Pool

  • Private Pool
  • Fence Around Pool

Outdoor Features

  • Patio
  • Outdoor Fireplace
  • Gazebo

Schools

  • Paradise Valley High Elementary School
  • Paradise Valley High Middle School
  • Paradise Valley High School

Utilities

  • Refrigerated Cooling System
  • High Speed Internet
  • Cable TV Available

Community Details

  • $4,841 per year Dock Fee
  • Association fees include no fees

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,236

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Tax Municipality: Paradise Valley
  • Cross Street: LINCOLN AND 4OTH ST.
  • Legal Info Lot Number: 18
  • Legal Info Range: 4E
  • Legal Info Section: 7
  • Legal Info Township: 2N
  • Property Type: A
  • Technology: Cable TV Avail, High Speed Internet Available
  • Assessor Parcel Number: 8.00
  • Legal Description Abbrev: LINCOLN HEIGHTS 8, 12-25, 31-44
  • Type: EA
  • Ownership: Fee Simple
  • Additional Bedroom: Mstr Bdr Walkin Clst
  • Assessor Parcel Number: 169-52-008
  • Construction Finish: Painted, Stucco
  • Dwelling Type: Single Family - Detached
  • Encoded Features: 53RDXPO3G2S
  • Map Code Grid: N36
  • Primary Bathroom Type: Full Bth Master Bdrm, Separate Shwr & Tub
  • Numberof Interior Levels: 1
  • Parking Spaces Garage Spaces: 3.00
  • Parking Spaces Slab Parking Spaces: 2.00
  • Parking Spaces Total Covered Spaces: 3.00
  • Price per Sq Ft: 104.64
  • Property Group Id: 19990816212109142258000000
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1969
  • Tax Year: 2011
  • Directions: ON CORNER!
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Features: 9+ Flat Ceilings, Fix-Up Needs Repair, Wet Bar
  • Bedrooms: 5
  • Bedrooms Plus: 7.00
  • Other Rooms: Bonus/Game Room, Great Room
  • Bathrooms: 3.00
  • Laundry: Inside, Wshr/Dry HookUp Only
  • Flooring: Tile
  • Fireplace: 1 Fireplace, Exterior Fireplace
  • Dining Area: Breakfast Room, Formal
  • Estimated Lot Sq Ft: 42357.00
  • Estimated Sq Ft: 5017.00
  • Kitchen Features: Granite Countertops, Kitchen Island
  • Source Of Sq Ft: County Assessor

Exterior Features

  • Exterior Stories: 1
  • Pool: Private Only
  • Landscaping: Desert Back, Desert Front
  • Roofing: Tile
  • Fencing: Block
  • Construction: Frame - Wood
  • Exterior Features: Gazebo/Ramada, Patio
  • Pool Private: Fenced, Private

Garage/Parking

  • Parking Features: Electric Door Opener, RV Gate

Utilities

  • Water: Pvt Water Company
  • Utilities: SRP
  • Cooling: Refrigeration
  • Heating: See Remarks

Condo/Co-op/Association

  • Fee Include: No Fees

Schools

  • Elementary School: Paradise Valley High School
  • Middle School: Paradise Valley High School
  • High School: Paradise Valley High School
  • Elementary School: Paradise Valley High School
  • High School: Paradise Valley High School
  • Jr High School: Paradise Valley High School

Building Info

  • Builder Name: UNKNOWN

Tax Info

  • Taxes: 4841.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2012
Closed on
May 14, 2012
Sold by
Ing Bank Fsb
Bought by
Salem S Henry and Khalil Ranya
Seller's Agent
Justin Baker
LPT Realty, LLC
Buyer's Agent
Justin Baker
LPT Realty, LLC
List Price
$599,900
Sold Price
$525,000
Premium/Discount to List
-$74,900
-12.49%
Current Estimated Value
$2,249,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,724,000
Avg. Annual Appreciation
11.54%
Original Mortgage
$409,500
Outstanding Balance
$282,254
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$1,966,746

Purchase Details

Closed on
Nov 16, 2011
Sold by
Patel Thakor S
Bought by
Ing Bank Fsb

Purchase Details

Closed on
Jun 12, 1997
Sold by
Patel Kam C
Bought by
Patel Thakor S and Patel Premila T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
11.25%

Purchase Details

Closed on
Aug 2, 1994
Sold by
Citicorp Mtg Inc
Bought by
Patel Kam C and Patel Deepa K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
8.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 1994
Sold by
Sutton Constance E
Bought by
Citicorp Mtg Inc
Source: Public Records

Range of Values:

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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
Salem S Henry $585,000 Equity Title Agency Inc
Ing Bank Fsb -- None Available
Patel Thakor S -- Ati Title Agency
Patel Kam C $250,000 Stewart Title & Trust
Citicorp Mtg Inc -- First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salem S Henry $409,500
Previous Owner Patel Thakor S $332,000
Previous Owner Patel Kam C $125,000
Closed Patel Kam C $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2012 06/15/12 Sold $525,000 -12.5% $105 / Sq Ft
05/28/2012 05/28/12 Price Changed $599,900 0.0% $120 / Sq Ft
04/26/2012 04/26/12 For Sale $599,900 +14.3% $120 / Sq Ft
04/26/2012 04/26/12 Pending -- -- --
04/20/2012 04/20/12 Off Market $525,000 -- --
04/09/2012 04/09/12 Price Changed $599,900 -20.0% $120 / Sq Ft
03/16/2012 03/16/12 Price Changed $749,900 -2.0% $149 / Sq Ft
02/16/2012 02/16/12 Price Changed $764,900 -1.8% $152 / Sq Ft
01/20/2012 01/20/12 For Sale $779,000 -- $155 / 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 $6,236 $106,081 -- --
2024 $6,150 $101,030 -- --
2023 $6,150 $136,130 $27,220 $108,910
2022 $5,900 $99,080 $19,810 $79,270
2021 $6,272 $88,570 $17,710 $70,860
2020 $6,232 $96,300 $19,260 $77,040
2019 $6,016 $85,500 $17,100 $68,400
2018 $5,793 $84,410 $16,880 $67,530
2017 $5,565 $71,800 $14,360 $57,440
2016 $5,757 $82,970 $16,590 $66,380
2015 $5,462 $82,970 $16,590 $66,380
Source: Public Records

Agents Affiliated with this Home

  • Justin Baker

    Seller's Agent in 2012

    Justin Baker

    LPT Realty, LLC

    (480) 330-7426

    9 Total Sales

    Justin Baker
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4704601

Arizona Regional Multiple Listing Service (ARMLS)

APN: 169-52-008

Arizona Maricopa County Paradise Valley 85016

6501 N 40th St, Paradise Valley, AZ

This home is located at 6501 N 40th St, Paradise Valley, AZ 85253 since 20 January 2012 and is currently estimated at $2,249,000, approximately $448 per square foot. This property was built in 1969. 6501 N 40th St is a home located in Maricopa County with nearby schools including Kiva Elementary School, Mohave Middle School, and Saguaro 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.

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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