NOT LISTED FOR SALE

6601 N 40th St Unit 13 Paradise Valley, AZ 85253

Estimated Value: $5,021,000 - $7,142,000

1.21 Acres
$5,180,992 Price per Acre
52,708 Sq Ft Lot

Last Sold September 29, 2017

Last sale price $950,000

Est. 560% increase in value since last sale

Current estimated payment $33,874/month

203 Days on Market

Highlights

  • Mountain View
  • Kiva Elementary School Rated A
  • No HOA

About This Lot

As of September 2017

INCREDIBLE VIEWS!! Camelback mountain, mountain preserve & city lights surround this 1.21acre hillside Mediterranean Villa. Original block construction home features 4,355 sqft, 6 bedrooms and 5 baths. Lower level offers a separate driveway with large carport, RV parking, private entrance, large living area, bedroom and bath. Home is livable with good bones and large rooms. Amazing potential to remodel or build in this well established, highly desirable area. Convenient central Paradise Valley location with easy commute to downtown, freeway and airport.

Last Agent to Sell the Property

Sandra Finocchiaro

Realty ONE Group License #BR529277000 Listed on: 01/19/2017

Realty ONE Group

Co-Listed By

Brad Goddes

Goddes Homes License #BR534750000

Last Buyer's Agent

Sandra Finocchiaro

Realty ONE Group License #BR529277000 Listed on: 01/19/2017

Realty ONE Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,192

Lot Details

  • 1.21 Acre Lot
  • Block Wall Fence
  • Property is zoned R-43

Property Views

  • Mountain Views

Schools

  • Kiva Elementary School
  • Mohave Middle School
  • Saguaro High School

Community Details

  • No Home Owners Association
  • Lincoln Heights 8, 12 25, 31 44 Subdivision

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 169-52-003

Property Details

Property Type

Land

Est. Annual Taxes

$5,192

Lot Details

0

Listing Details

  • Cross Street: Lincoln & 40Th Street
  • Legal Info Range: 4E
  • Property Type: Land
  • Zoning: R-43
  • Tax Year: 2016
  • Directions: Lincoln West of Tatum, North on 40Th Street. Home is located on the right.
  • Lot Size Acres: 1.21
  • Co List Office Mls Id: gdes01
  • Co List Office Phone: 602-903-7209
  • Subdivision Name: LINCOLN HEIGHTS 8, 12-25, 31-44
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Fencing: Block
  • Lot Features: Mountain View(s)
  • Disclosures: None

Utilities

  • Electric: SRP
  • Water Source: Private Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Kiva Elementary School
  • High School: Saguaro High School
  • Middle Or Junior School: Mohave Middle School

Lot Info

  • Lot Size: 175.35 x 263.27 x 182.35 x 352.81
  • Lot Size Sq Ft: 52651.0
  • Additional Parcels: No
  • Parcel #: 169-52-003
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5192.0
  • Tax Book Number: 169.00
  • Tax Lot: 13
  • Tax Map Number: 52.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 4, 2024
Sold by
Petracca Christa
Bought by
Jerry D Riggs Trust and Riggs
Current Estimated Value
$6,269,000

Purchase Details

Closed on
Sep 12, 2022
Sold by
Bobak Mehdi
Bought by
Petracca Christa

Purchase Details

Closed on
Jun 27, 2019
Sold by
Lacaprara Lisa and Lacaprara Mehdi Bobark
Bought by
Mehdi Bobark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$744,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 19, 2017
Closed on
Sep 22, 2017
Sold by
Finocchiaro Agatina
Bought by
Mehdi Bobak and Lacaprana Lisa
Seller's Agent
Sandra Finocchiaro
Realty ONE Group
Buyer's Agent
Sandra Finocchiaro
Realty ONE Group
List Price
$1,500,000
Sold Price
$950,000
Premium/Discount to List
-$550,000
-36.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.49%
Original Mortgage
$760,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 31, 2000
Sold by
Finocchiaro Angelo
Bought by
Finocchiaro Angelo and Finocchiaro Agatina
Source: Public Records

Range of Values:

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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
Jerry D Riggs Trust $6,600,000 Premier Title Agency
Jerry D Riggs Trust $6,600,000 Premier Title Agency
Petracca Christa $2,000,000 Premier Title
Mehdi Bobark -- Driggs Title Agency Inc
Mehdi Bobak $950,000 Driggs Title Agency Inc
Finocchiaro Angelo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mehdi Bobark $744,000
Previous Owner Mehdi Bobak $760,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2017 09/29/17 Sold $950,000 -36.7% --
08/09/2017 08/09/17 Pending -- -- --
01/18/2017 01/18/17 For Sale $1,500,000 -- --
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 $6,071 $103,272 -- --
2024 $5,987 $98,354 -- --
2023 $5,987 $162,660 $32,530 $130,130
2022 $5,743 $113,030 $22,600 $90,430
2021 $6,106 $110,250 $22,050 $88,200
2020 $6,067 $119,260 $23,850 $95,410
2019 $5,857 $106,480 $21,290 $85,190
2018 $5,639 $99,180 $19,830 $79,350
2017 $5,262 $75,630 $15,120 $60,510
2016 $5,192 $80,730 $16,140 $64,590
2015 $4,895 $80,730 $16,140 $64,590
Source: Public Records

Agents Affiliated with this Home

  • Sandra Finocchiaro

    Seller's Agent in 2017

    Sandra Finocchiaro

    Realty One Group

    (602) 568-4127

    3 Total Sales

    Sandra Finocchiaro
    Section Image
  • Brad Goddes

    Seller Co-Listing Agent in 2017

    Brad Goddes

    Goddes Homes

    (602) 903-7209

    1 in this area

    308 Total Sales

    Brad Goddes
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5548635

Arizona Regional Multiple Listing Service (ARMLS)

APN: 169-52-003

Arizona Maricopa County Paradise Valley 85253

6601 N 40th St Unit 13, Paradise Valley, AZ

This home is located at 6601 N 40th St Unit 13, Paradise Valley, AZ 85253 since 19 January 2017 and is currently estimated at $6,269,000. 6601 N 40th St Unit 13 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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