12826 S 40TH Place, Phoenix, AZ 85044, Phoenix, 85044 - 3 bed, 2 bath
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Phoenix, AZ 85044
This Single-Level Ahwatukee Residence is a High-Potential Investment Opportunity, listed at $379,400—positioned well below the $384,757 Fair Market Value by 1%. This valuation gap provides $5,357 in Instant Equity for buyers. Featuring a 2021 Roof, Vaulted Ceilings, and a Private Patio, the home maintains a Fair Condition Rating, serving as a functional "open canvas" for modernization. Located minutes from South Mountain trails and Top-Rated Kyrene Schools, the property offers significant appreciation potential. This is an ideal acquisition for Owner-Occupants looking to build wealth or first-time buyers seeking a value-add asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12826 S 40TH Place Subject | $379,400* List Price | 3 | 2 | 1,645 | $234 | - |
A 3926 E COCONINO Street Sold | $485,000 List Price | 3 | 2 | 2,058 | 0.2 mi | |
B 12002 S ONEIDA Street Sold | $339,900 List Price | 3 | 2 | 1,948 | 0.6 mi | |
C 4241 E AHWATUKEE Drive Sold | $329,500 List Price | 3 | 2 | 1,380 | 0.4 mi | |
D 3946 E SHOMI Street Sold | $349,000 List Price | 3 | 2 | 2,101 | 0.1 mi | |
E 4212 E SANDIA Street Sold | $317,500 | 2 | 2 | 1,286 | $247 | 0.4 mi |
F 4330 E TONTO Street Sold | $320,000 List Price | 3 | 2 | 1,952 | 0.5 mi | |
G 4785 E KIVA Street Pending | $330,000 List Price | 3 | 2 | 1,446 | $228 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, this property is well-maintained but largely reflects its original construction era. While it features a newer roof (2021) and updated stainless steel kitchen appliances, the interior contains dated elements such as laminate countertops with wood trim, original cabinetry, mirrored walls, and older carpeting. The listing description explicitly identifies the home as an 'open canvas' for modernization, which aligns with the 'fair' criteria of a functional but outdated home requiring minor updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7471, living area = 1645.
Situated in the heart of Ahwatukee, the property offers exceptional access to South Mountain trails, major freeways, and Sky Harbor Airport, making it ideal for commuters and outdoor enthusiasts.
The home features a newer roof installed in 2021, providing immediate value and reducing the likelihood of major near-term maintenance expenses for the buyer.
The property is marketed as needing modernization, suggesting that the 1984 interior is likely dated and will require additional capital investment for upgrades.
Being part of the Ahwatukee Recreation Center community often involves specific age restrictions or association guidelines that may limit the potential pool of buyers.
55+ COMMUNITY -- Please verify buyer eligibility before scheduling. One occupant must be 55 or older to qualify. Prime Ahwatukee -- minutes to South Mountain trails, major freeways, and Phoenix Sky Harbor. Surrounded by top shopping and dining near Arizona Mills and Desert Foothills Marketplace. Single-level 3BR + den in the highly sought-after Ahwatukee Recreation Center. Vaulted ceilings, functional layout, seamless indoor-outdoor living, and a newer roof (2021). Priced with purpose and positioned below comparable listings in this zip code -- do your homework. This is an open canvas. Modernize it, personalize it, or move right in. The location does the heavy lifting. Once you see it, it clicks.''
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades PK-5 • 0.7 mi
Grades PK-5 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,645 | 1,782 | 43% |
| Lot Size | 7,471 | 7,349 | 53% |
| Price | $379.4K | $430.0K | 44% |
| Price per sq ft | $231 | $255 | 44% |
| Built year | 1984 | 1986 | 44% |
| HOA | $261 | $165 | 85% |
| Days on market | 26 | 1350 | 0% |
Mar 27, 2026
$379,400
Initial Listing