14048 S 40TH Street, Phoenix, AZ 85044, Phoenix, 85044 - 4 bed, 3 bath
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Phoenix, AZ 85044
This Renovated Ahwatukee Residence is a Prime Investment Opportunity, listed at $679,000—positioned well below the $694,401 Fair Market Value by 2%. This valuation gap secures $15,401 in Instant Equity for the buyer. Boasting a Good Condition Rating, the home features a 2020 interior renovation, brand-new HVAC systems (2025/2026), and a Pebble Tec pool with a remodeled outdoor kitchen. Located in the elite Kyrene School District with schools rated up to 9/10, it balances lifestyle luxury with financial upside. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 14048 S 40TH Street Subject | $639,900* List Price | 4 | 3 | 2,325 | $291 | - |
A 14452 S 40TH Street Sold | $655,000 | 4 | 3 | 2,161 | $303 | 0.3 mi |
B 14452 S 40TH Street Sold | $655,000 | 4 | 3 | 2,161 | $303 | 0.3 mi |
C 3615 E DESERT WILLOW Road Sold | $592,000 | 4 | 3 | 2,103 | $282 | 0.3 mi |
D 3615 E DESERT WILLOW Road Sold | $592,000 | 4 | 3 | 2,102 | $282 | 0.3 mi |
E 3615 E DESERT WILLOW Road Sold | $592,000 | 4 | 3 | 2,102 | $282 | 0.3 mi |
F 3628 E Summerhaven Drive Sold | $635,000 | 4 | 2 | 2,100 | $302 | 0.6 mi |
G 13613 S 37TH Street Active | $605,000 List Price | 4 | 3 | 2,178 | $278 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1988, the home underwent a comprehensive interior renovation in 2020 (6 years ago), including updated kitchen countertops, refinished cabinets, and new vanities in all bathrooms. The property features exceptional system updates with brand-new HVAC units (2025/2026) and a 2021 water heater. It falls into the 'Good' category as the major aesthetic renovations are within the 5-15 year window, and the home is in move-in ready condition with no immediate maintenance required.
Elementary School: Kyrene de los Lagos School (9/10). Middle School: Kyrene Altadena Middle School (9/10).
The property features significant interior renovations from 2020 and brand-new HVAC systems (2025/2026), providing a move-in-ready experience with significantly reduced immediate capital expenditure for the buyer.
The backyard is a standout feature with a resurfaced Pebble Tec pool and a remodeled outdoor kitchen, offering a high-end space for entertaining that is highly desirable in the Phoenix market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2325, other record living area = 2037.
At 6,591 square feet, the lot is relatively compact for a four-bedroom home, which may result in a crowded feel when accounting for the pool and outdoor kitchen structures.
While cosmetically modernized, the 1988 construction may still feature original plumbing or electrical components that do not meet the standards of newer builds, potentially requiring future attention.
Beautifully updated home with major upgrades throughout. Interior improvements completed in 2020 include new flooring, fresh paint, updated kitchen countertops, refinished cabinets, and new vanities in all three bathrooms. Backyard features a resurfaced Pebble Tec pool (2018), remodeled outdoor kitchen, and variable-speed pool pump--perfect for entertaining. Key system updates include a water heater (2021) and two newer HVAC units (downstairs 2025, upstairs 2026). Plantation shutters throughout add style and efficiency. Seller offering 1.5% toward buyer closing costs (up to $9,000) on full price offer only.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades PK-5 • 0.6 mi
Grades PK-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 66% |
| Baths | 3.0 | 2.0 | 72% |
| Square foot | 2,325 | 1,796 | 81% |
| Lot Size | 6,591 | 7,209 | 39% |
| Price | $639.9K | $430.0K | 90% |
| Price per sq ft | $275 | $253 | 63% |
| Built year | 1988 | 1986 | 62% |
| HOA | $219 | $172 | 69% |
| Days on market | 51 | 1464 | 0% |
Jun 7, 2026
$639,900
$649,900
-2% Price Drop
Initial Listing
May 23, 2026
$649,900
$659,900
-2% Price Drop
Initial Listing
May 13, 2026
$659,900
$669,000
-1% Price Drop
Initial Listing
May 9, 2026
$669,000
$674,000
-1% Price Drop
Initial Listing
May 2, 2026
$674,000
$679,000
-1% Price Drop
Initial Listing
Apr 23, 2026
$679,000
Initial Listing