NOT LISTED FOR SALE

7218 S 40th Ln Phoenix, AZ 85041

Laveen Neighborhood

Estimated Value: $395,446 - $413,000

4 Beds
2.5 Baths
2,483 Sq Ft
$163/Sq Ft Est. Value

Last Sold November 02, 2018

Last sale price $237,500 $96 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $2,386/month

87 Days on Market

Highlights

  • Vaulted Ceiling
  • 1 Fireplace
  • 2 Car Direct Access Garage
  • Phoenix Coding Academy Rated A
  • Granite Countertops
  • Eat-In Kitchen

About This Home

As of November 2018

Buyer Backed out this is your opportunity!! Last time lasted less than a day!! Gorgeous 2 Story Home for you and your family!! Check out the video!! Sleek black kitchen appliances. Warm Fireplace for those winter nights!! Just the right amount of built-ins in the living room. Large laundry room...everything you could want in a home and more!! Come see your next home!!

Last Agent to Sell the Property

Sherri Parkin

Berkshire Hathaway HomeServices Arizona Properties License #SA655345000 Listed on: 06/28/2018

Berkshire Hathaway HomeServices Arizona Properties

Last Buyer's Agent

Jennifer Katana

HomeSmart License #SA650562000

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,785

Year Built

  • Built in 2001

Lot Details

  • 5,551 Sq Ft Lot
  • Block Wall Fence

HOA Fees

  • $76 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,483 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • 1 Fireplace
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Cooktop
  • Built-In Microwave
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

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

Outdoor Features

  • Patio

Schools

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

Utilities

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

Community Details

  • Association fees include ground maintenance
  • City Properties Association, Phone Number (602) 437-4777
  • Built by Trend Homes
  • Arlington Estates Phase 1 Subdivision

Listing and Financial Details

  • Tax Lot 280
  • Assessor Parcel Number 105-89-464

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,785

Year Built

Built in 2001

Lot Details

0

HOA Fees

$76 per month

Parking

2

Listing Details

  • Cross Street: 39th Ave. & Baseline
  • 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: 76.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2001
  • Tax Year: 2017
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.13
  • Subdivision Name: ARLINGTON ESTATES PHASE 1
  • Architectural Style: Other
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 76.0
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Laminate, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Possible Bedrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: 1 Fireplace
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Upstairs, Eat-in Kitchen, Breakfast Bar, Vaulted Ceiling(s), Pantry, Full Bth Master Bdrm
  • Living Area: 2483.0
  • Stories: 2
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:Loft: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Dirt Front, Dirt Back, Gravel/Stone Front
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener, Direct Access
  • Attached Garage: No
  • Garage Spaces: 2.0
  • 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 Fee: 76.0
  • Association Fee Frequency: Monthly
  • Association Name: Arlington Estatees
  • Phone: 602-437-4777
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 438.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Arlington Estatees
  • 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:HOA Management Company: City Properties
  • 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: 5551.0
  • Parcel #: 105-89-464

Building Info

  • Builder Name: Trend Homes

Tax Info

  • Tax Annual Amount: 1785.0
  • Tax Book Number: 105.00
  • Tax Lot: 280
  • Tax Map Number: 89.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2021
Sold by
Dela Torre Maribel Reynoso
Bought by
Dela Torre Maribel Reynoso and De La Torre
Current Estimated Value
$404,112

Purchase Details

Listed on
Jun 28, 2018
Closed on
Oct 23, 2018
Sold by
Reynoso Dela Torre Ivan Reynoso and Reynoso De La Torre Maribel
Bought by
Dela Torre Maribel Reynoso
Seller's Agent
Sherri Parkin
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Jennifer Katana
HomeSmart
List Price
$237,500
Sold Price
$237,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.97%
Original Mortgage
$8,313
Outstanding Balance
$7,265
Interest Rate
4.6%
Mortgage Type
Stand Alone Second
Estimated Equity
$396,847

Purchase Details

Listed on
Jun 28, 2018
Closed on
Oct 9, 2018
Sold by
Equity Financial Planning Llc
Bought by
Dela Torre Maribel Reynoso
Seller's Agent
Sherri Parkin
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Jennifer Katana
HomeSmart
List Price
$237,500
Sold Price
$237,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,313
Outstanding Balance
$7,265
Interest Rate
4.6%
Mortgage Type
Stand Alone Second
Estimated Equity
$396,847

Purchase Details

Closed on
Dec 16, 2016
Sold by
Vos Holding Lllp
Bought by
Equity Financial Planning Llc

Purchase Details

Closed on
Jul 8, 2015
Sold by
Valley Of The Sun Limited Partnership
Bought by
Vos Holding Lllp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,950,000
Interest Rate
4.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 19, 2010
Sold by
Alston Herbert J and Porter Alston Iesha
Bought by
Valley Of The Sun Lp

Purchase Details

Closed on
Nov 6, 2001
Sold by
Key Construction Inc
Bought by
Alston Herbert J and Porter Alston Iesha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,222
Interest Rate
6.63%
Mortgage Type
VA
Source: Public Records

Range of Values:

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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
Dela Torre Maribel Reynoso -- None Available
Dela Torre Maribel Reynoso -- Equity Title Agency Inc
Dela Torre Maribel Reynoso $237,500 Equity Title Agency Inc
Equity Financial Planning Llc $3,375,265 Grand Canyon Title Agency
Vos Holding Lllp -- Old Republic Title Agency
Valley Of The Sun Lp $96,000 None Available
Alston Herbert J $163,222 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dela Torre Maribel Reynoso $8,313
Previous Owner Vos Holding Lllp $3,950,000
Previous Owner Alston Herbert J $163,222
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2018 11/02/18 Sold $237,500 0.0% $96 / Sq Ft
09/23/2018 09/23/18 Pending -- -- --
09/20/2018 09/20/18 For Sale $237,500 0.0% $96 / Sq Ft
09/14/2018 09/14/18 Pending -- -- --
09/08/2018 09/08/18 Price Changed $237,500 -1.0% $96 / Sq Ft
08/31/2018 08/31/18 For Sale $240,000 0.0% $97 / Sq Ft
08/24/2018 08/24/18 Pending -- -- --
08/23/2018 08/23/18 For Sale $240,000 0.0% $97 / Sq Ft
07/26/2018 07/26/18 Pending -- -- --
07/21/2018 07/21/18 Price Changed $240,000 -1.0% $97 / Sq Ft
07/19/2018 07/19/18 Price Changed $242,500 -1.0% $98 / Sq Ft
07/15/2018 07/15/18 Price Changed $245,000 -1.0% $99 / Sq Ft
07/14/2018 07/14/18 Price Changed $247,500 -0.6% $100 / Sq Ft
07/12/2018 07/12/18 Price Changed $249,000 -0.4% $100 / Sq Ft
07/06/2018 07/06/18 For Sale $250,000 0.0% $101 / Sq Ft
07/04/2018 07/04/18 Pending -- -- --
07/01/2018 07/01/18 Price Changed $250,000 -1.0% $101 / Sq Ft
06/30/2018 06/30/18 Price Changed $252,500 -1.0% $102 / Sq Ft
06/29/2018 06/29/18 Price Changed $255,000 -1.9% $103 / Sq Ft
06/28/2018 06/28/18 For Sale $260,000 -- $105 / 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 $1,909 $13,734 -- --
2024 $1,874 $13,080 -- --
2023 $1,874 $29,370 $5,870 $23,500
2022 $1,817 $21,750 $4,350 $17,400
2021 $1,831 $20,680 $4,130 $16,550
2020 $1,783 $18,780 $3,750 $15,030
2019 $1,788 $16,700 $3,340 $13,360
2018 $1,882 $15,570 $3,110 $12,460
2017 $1,785 $13,620 $2,720 $10,900
2016 $1,699 $12,520 $2,500 $10,020
2015 $1,534 $11,930 $2,380 $9,550
Source: Public Records

Agents Affiliated with this Home

  • Sherri Parkin

    Seller's Agent in 2018

    Sherri Parkin

    Berkshire Hathaway HomeServices Arizona Properties

    (480) 809-5853

    49 Total Sales

    Sherri Parkin
    Section Image
  • Jennifer Katana

    Buyer's Agent in 2018

    Jennifer Katana

    HomeSmart

    (602) 889-2135

    1 in this area

    34 Total Sales

    Jennifer Katana
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5786455

Arizona Regional Multiple Listing Service (ARMLS)

APN: 105-89-464

Arizona Maricopa County Phoenix 85041 Laveen

7218 S 40th Ln, Phoenix, AZ

This home is located at 7218 S 40th Ln, Phoenix, AZ 85041 since 28 June 2018 and is currently estimated at $404,112, approximately $162 per square foot. This property was built in 2001. 7218 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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