18021 N 40TH Place, Phoenix, AZ 85032, Phoenix, 85032 - 3 bed, 3 bath
Loading property details...
Phoenix, AZ 85032
This Move-In Ready Residence is a Strong Value Opportunity, listed at $371,000—positioned well below the $385,039 Fair Market Value by 3%. This valuation gap provides $14,039 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the interior features a Modernized Kitchen with updated cabinetry and a Covered Patio for outdoor living. With $0 Association Fees and proximity to Paradise Valley High School, the property ensures monthly affordability and long-term desirability. 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 |
|---|---|---|---|---|---|---|
★ 18021 N 40TH Place Subject | $354,900* List Price | 3 | 3 | 1,784 | $207 | - |
A 17629 N 36TH Street Sold | $402,200 | 4 | 3 | 1,862 | $216 | 0.5 mi |
B 17240 N 42ND Place Sold | $429,000 List Price | 3 | 2 | 1,893 | 0.5 mi | |
C 4361 E MEADOW Drive Sold | $379,000 List Price | 3 | 2 | 1,930 | 0.7 mi | |
D 4632 E MICHELLE Drive Sold | $325,000 List Price | 4 | 3 | 2,013 | 0.8 mi | |
E 4345 E CAMPO BELLO Drive Sold | $275,000 List Price | 2 | 2 | 1,415 | 0.5 mi | |
F 4338 E WOODRIDGE Drive Sold | $315,000 List Price | 3 | 3 | 2,231 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring a modernized kitchen with updated cabinetry and countertops. Built in 2001, the home shows minimal wear and tear with clean tile and carpet flooring throughout. While it retains some dated elements like popcorn ceilings, the overall quality and recent interior updates justify a 'good' rating.
The kitchen features newer-style cabinetry, updated countertops, and tile flooring, providing a contemporary feel and immediate move-in readiness for the new owner.
With a $0 association fee, homeowners enjoy increased monthly affordability and greater freedom regarding property modifications compared to neighboring HOA-restricted communities.
The property is ideally situated within walking distance (0.63 miles) of Paradise Valley High School, making it highly convenient for families with high-school-aged students.
The assigned public schools have mid-range ratings (4-5 out of 10), which may be a drawback for buyers specifically seeking top-tier educational districts.
Built in 2001, the home is over 20 years old and may soon require capital improvements for major systems like the roof or HVAC if they have not been recently replaced.
Welcome to 18021 N 40th Pl, Phoenix! This 3-bedroom, 2.5-bathroom home features a comfortable layout with a living room, dining area, and kitchen. The kitchen includes tile flooring, newer-style cabinets, updated countertops, and appliances. The home also offers an indoor laundry room for added convenience. The rear yard features a covered patio area, perfect for relaxing or outdoor dining. Additional highlights include an attached two-car garage and driveway for extra parking.
No exterior & parking available.
Grades K-6 • 1.4 mi
Grades 7-8 • 2.5 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 77% |
| Square foot | 1,784 | 1,713 | 57% |
| Lot Size | 6,000 | 7,732 | 18% |
| Price | $354.9K | $450.0K | 36% |
| Price per sq ft | $199 | $288 | 34% |
| Built year | 2001 | 1979 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 1451 | 0% |
Apr 10, 2026
$354,900
$371,000
-4% Price Drop
Initial Listing
Mar 6, 2026
$371,000
Initial Listing