11840 N 40TH Way, Phoenix, AZ 85028, Phoenix, 85028 - 2 bed, 2 bath
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Phoenix, AZ 85028
This Turnkey Single Family Residence represents a High-Potential Investment Opportunity, listed at $580,000—positioned well below the $592,501 Fair Market Value by 2%. This valuation gap offers $12,501 in Instant Equity. Featuring a Mint Condition Rating with recent HVAC, kitchen, and flooring upgrades, the home offers a low-maintenance lifestyle near Stonecreek Golf Course. With access to top-tier schools like Sequoya Elementary (9/10), this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking luxury and stability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11840 N 40TH Way Subject | $580,000* List Price | 2 | 2 | 1,566 | $378 | - |
A 4130 E ALTADENA Avenue Sold | $479,900 List Price | 3 | 2 | 1,758 | 0.3 mi | |
B 3814 E SHAW BUTTE Drive Sold | $595,000 List Price | 3 | 2 | 1,719 | 0.3 mi | |
C 3710 E ALTADENA Avenue Sold | $599,000 | 3 | 2 | 1,376 | $435 | 0.4 mi |
D 3732 E ALTADENA Avenue Sold | $585,000 | 3 | 2 | 1,708 | $343 | 0.4 mi |
E 3732 E Altadena Avenue Sold | $585,000 | 3 | 2 | 1,708 | $343 | 0.4 mi |
F 3710 E ALTADENA Avenue Sold | $599,000 | 4 | 2 | 1,890 | $317 | 0.4 mi |
G 3934 E SAHUARO Drive Sold | $749,900 | 3 | 2 | 1,868 | $401 | 0.7 mi |
H 3828 E SAHUARO Drive Sold | $729,750 | 3 | 2 | 1,875 | $389 | 0.7 mi |
I 11837 N 40TH Place Active | $655,999 List Price | 2 | 2 | 1,758 | $373 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1987, the property has undergone a comprehensive renovation within the last year, including a new HVAC system, water heater, kitchen appliances, quartz countertops, and modern flooring, meeting the criteria for a recent high-end renovation in mint condition.
Elementary School: Sequoya Elementary School (9/10).
The home is in move-in ready condition featuring a one-year-old AC and water heater, updated kitchen appliances, new flooring, and fresh paint, significantly reducing immediate capital expenditure for the buyer.
Situated next to the Stonecreek Golf Course with mountain views and walking distance to the PV Village Shopping area, the property offers a high-end lifestyle and strong long-term value.
With only two bedrooms, the property may appeal to a narrower demographic, potentially excluding larger families or buyers requiring multiple dedicated home offices.
Despite modern cosmetic updates, the 1987 build date may imply older original infrastructure and a floor plan that lacks the expansive open-concept flow found in more contemporary residences.
Freshly updated with kitchen appliances, countertops, it's Gorgeous 2-bed, 2-bath ranch. This 1,566 sqft home shines with recently updated flooring, appliances, baseboards, lighting, fresh paint, 1-yr-old AC/water heater, and a 2-car garage with epoxy floors. Steps from Stonecreek Golf Course next to the 7th fairway and a tree-lined community with a pool across the street. Enjoy a low-maintenance grass front yard that is maintained by the HOA and vibrant neighborhood charm, includes pool access. Walking distance to the PV Village Shopping area. Move-in ready for luxury living.
No exterior & parking available.
Grades K-5 • 3.0 mi
Grades 6-8 • 3.4 mi
Grades 9-12 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,566 | - |
| Lot Size | 5,455 | - |
| Price | $580.0K | $495.4K |
| Price per sq ft | $370 | $290 |
| Built year | 1987 | 0 |
| HOA | $250 | $0 |
| Days on market | 29 | 1260 |
Jun 23, 2026
$580,000
Initial Listing