NOT LISTED FOR SALE

7001 S 40th Ln Phoenix, AZ 85041

Laveen Neighborhood

Estimated Value: $359,000 - $434,000

3 Beds
2.5 Baths
2,061 Sq Ft
$189/Sq Ft Est. Value

Last Sold December 24, 2014

Last sale price $155,000 $75 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $2,364/month

203 Days on Market

Highlights

  • Covered patio or porch
  • Community Playground
  • Property is near a bus stop
  • Phoenix Coding Academy Rated A
  • Tile Flooring
  • Central Air

About This Home

As of December 2014

Easy to qualify: you keep your current lender and your offer can be accepted *BEFORE* you start the program’s 3-easy steps. This is NOT low income housing; it’s a government program to help put foreclosed homes back to good use. Receive $15,000 in down payment and closing cost assistance from the Neighborhood Stabilization Program (NSP). This is a Newly Remodeled 3 bedroom, 2.5 bathroom home. Brand New Energy Efficient appliance package includes, stove, dishwasher, disposal and sidebyside refrigerator. New front yard landscape for enhanced curb appeal, modern interior finishes, tile flooring, new carpet and new paint. We make sure our properties have improved and newer kitchens, bathrooms, electrical systems, plumbing, cooling heating and more. Great home, great incentives and NO INVESTOR

Last Agent to Sell the Property

Claudia Schulz

DRH Properties Inc License #BR535203000 Listed on: 01/27/2014

Co-Listed By

Joseph Schulz

West USA Realty License #SA541240000

Last Buyer's Agent

Timothy Lass

Coldwell Banker Realty License #SA543015000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,219

Year Built

  • Built in 2002

Lot Details

  • 4,522 Sq Ft Lot
  • Desert faces the front of the property
  • Block Wall Fence

HOA Fees

  • $71 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,061 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2.5 Bathrooms

Schools

  • Laveen Elementary School
  • Vista Del Sur Accelerated Middle School
  • Cesar Chavez High School

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • Property is near a bus stop

Listing and Financial Details

  • Tax Lot 207
  • Assessor Parcel Number 105-89-391

Community Details

Overview

  • Association fees include ground maintenance
  • Arlington Estates Association, Phone Number (602) 437-4777
  • Built by Trend Homes
  • Arlington Estates Subdivision

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,219

Year Built

Built in 2002

Lot Details

0

HOA Fees

$71 per month

Parking

2

Listing Details

  • Cross Street: 43rd Ave. Baseline Rd.
  • Legal Info Range: 2E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 71.0
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2002
  • Tax Year: 2013
  • Directions: North on 43rd Ave. to Vineyard Rd. East on Vineyard Rd. to 40th Ln. South on 40th Ln. to Property
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.1
  • Co List Office Mls Id: losc001
  • Co List Office Phone: 602-696-9025
  • Subdivision Name: Arlington Estates
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 71.0
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Pantry, Full Bth Master Bdrm
  • Living Area: 2061.0
  • Stories: 2
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features Pantry: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Community Features:Near Bus Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Desert Front
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req
  • Construction Type: Stucco, Wood Frame
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Near Bus Stop, Playground
  • Association Fee: 71.0
  • Association Fee Frequency: Monthly
  • Association Name: Arlington Estates
  • Phone: 602-437-4777
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 300.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Arlington Estates
  • Association Fees:HOA Telephone4: 602-437-4777
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Laveen Elementary School
  • High School: Cesar Chavez High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Vista Del Sur Accelerated

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4522.0
  • Parcel #: 105-89-391

Building Info

  • Builder Name: Trend Homes

Tax Info

  • Tax Annual Amount: 1218.7
  • Tax Book Number: 105.00
  • Tax Lot: 207
  • Tax Map Number: 89.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2014
Closed on
Dec 18, 2014
Sold by
Mandalay Communities Inc
Bought by
Davis Maria De Lourdes
Seller's Agent
Claudia Schulz
DRH Properties Inc
Buyer's Agent
Timothy Lass
Coldwell Banker Realty
List Price
$155,000
Sold Price
$155,000
Current Estimated Value
$388,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,553
Avg. Annual Appreciation
9.17%
Original Mortgage
$15,000
Interest Rate
3.96%
Mortgage Type
Unknown

Purchase Details

Listed on
Oct 5, 2012
Closed on
Nov 13, 2012
Sold by
Fannie Mae
Bought by
Mandalay Communites Inc
Seller's Agent
Tina and Ron Waggoner
West USA Realty
Buyer's Agent
Dean Shallberg
Mandalay Homes Realty LLC
List Price
$165,500
Sold Price
$138,600
Premium/Discount to List
-$26,900
-16.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.50%
Original Mortgage
$139,649
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2012
Sold by
Breedlove David and Odonnell Kellie
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 13, 2006
Sold by
Novak Claudia
Bought by
Breedlove David and Odonnell Kellie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 21, 2003
Sold by
Key Construction Inc
Bought by
Novak Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
5.78%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Davis Maria De Lourdes $155,000 Chicago Title Agency Inc
Mandalay Communites Inc $138,600 Chicago Title Agency Inc
Federal National Mortgage Association $216,051 First American Title
Breedlove David $244,900 First American Title Ins Co
Novak Claudia $145,110 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Maria De Lourdes $60,000
Closed Davis Maria De Lourdes $15,000
Closed Davis Maria De Lourdes $6,000
Open Davis Maria De Lourdes $120,375
Closed Davis Maria De Lourdes $3,000
Previous Owner Mandalay Communities Inc $90,310
Previous Owner Mandalay Communites Inc $139,649
Previous Owner Breedlove David $39,000
Previous Owner Breedlove David $207,500
Previous Owner Breedlove David $245,000
Previous Owner Novak Claudia $130,500
Previous Owner Novak Claudia $130,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2014 12/24/14 Sold $155,000 0.0% $75 / Sq Ft
10/25/2014 10/25/14 Rented $995 0.0% --
10/08/2014 10/08/14 Under Contract -- -- --
09/16/2014 09/16/14 For Rent $995 0.0% --
08/18/2014 08/18/14 Pending -- -- --
04/28/2014 04/28/14 For Sale $155,000 0.0% $75 / Sq Ft
04/09/2014 04/09/14 Pending -- -- --
01/27/2014 01/27/14 For Sale $155,000 +11.8% $75 / Sq Ft
11/21/2012 11/21/12 Sold $138,600 -16.3% $67 / Sq Ft
10/25/2012 10/25/12 Pending -- -- --
10/05/2012 10/05/12 For Sale $165,500 -- $80 / 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 $1,758 $12,643 -- --
2024 $1,725 $12,041 -- --
2023 $1,725 $28,120 $5,620 $22,500
2022 $1,673 $20,920 $4,180 $16,740
2021 $1,686 $19,370 $3,870 $15,500
2020 $1,641 $17,510 $3,500 $14,010
2019 $1,646 $15,600 $3,120 $12,480
2018 $1,565 $14,520 $2,900 $11,620
2017 $1,480 $12,850 $2,570 $10,280
2016 $1,405 $11,770 $2,350 $9,420
2015 $1,265 $11,280 $2,250 $9,030
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Lisa Goff

    Tru Realty

  • Claudia Schulz

    Seller's Agent in 2014

    Claudia Schulz

    DRH Properties Inc

    (602) 696-9025

    Claudia Schulz
    Section Image

  • J

    Seller Co-Listing Agent in 2014

    Joseph Schulz

    West USA Realty

    (602) 696-9041

    1 Total Sale

    Joseph Schulz
    Section Image

  • G

    Buyer's Agent in 2014

    Gregory Murray

    American Homes 4 Rent

  • T

    Buyer's Agent in 2014

    Timothy Lass

    Coldwell Banker Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5060342

Arizona Regional Multiple Listing Service (ARMLS)

APN: 105-89-391

Arizona Maricopa County Phoenix 85041 Laveen

7001 S 40th Ln, Phoenix, AZ

This home is located at 7001 S 40th Ln, Phoenix, AZ 85041 since 27 January 2014 and is currently estimated at $388,553, approximately $188 per square foot. This property was built in 2002. 7001 S 40th Ln is a home located in Maricopa County with nearby schools including Cesar Chavez High School, Phoenix Coding Academy, and Legacy Traditional School - Laveen Village.

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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