20660 N 40TH Street 2012, Phoenix, AZ 85050, Phoenix, 85050 - 2 bed, 3 bath
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Phoenix, AZ 85050
This Spacious End-Unit Condominium is a Strong Value Opportunity, listed at $425,000—positioned well below the $449,007 Fair Market Value by 5%. This valuation gap secures $24,007 in Instant Equity. Boasting a Condition Rating of 3, the move-in ready interior features vaulted ceilings, a granite kitchen with stainless appliances, and dual private balconies. Located in the premier Desert Ridge area, the property offers immediate access to the 9/10 rated Fireside Elementary. This is an exceptional acquisition for Owner-Occupants or first-time buyers seeking a polished home with built-in financial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20660 N 40TH Street 2012 Subject | $425,000* List Price | 2 | 3 | 1,534 | $293 | - |
A 20660 N 40TH Street 2017 Sold | $450,000 | 2 | 2 | 1,469 | $306 | 0.0 mi |
B 20660 N 40TH Street 2017 Sold | $450,000 | 2 | 2 | 1,469 | $306 | 0.0 mi |
C 20660 N 40TH Street 2120 Sold | $415,000 | 2 | 2 | 1,469 | $283 | 0.1 mi |
D 3935 E ROUGH RIDER Road 1353 Sold | $329,900 List Price | 3 | 3 | 1,535 | 1.0 mi | |
E 3935 E ROUGH RIDER Road 1353 Sold | $449,900 List Price | 3 | 3 | 1,535 | 1.0 mi | |
F 20660 N 40th Street 2182 Sold | $438,000 | 2 | 2 | 1,469 | $298 | 0.1 mi |
G 20660 N 40TH Street 2016 Active Under Contract | $437,500 List Price | 2 | 3 | 1,534 | $285 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, fitting the 20-year age bracket. The kitchen features desirable updates such as granite countertops and stainless steel appliances. While some finishes like the cabinetry and carpeting reflect the original 2004 construction, the home shows minimal wear and tear and requires no immediate renovation.
Elementary School: Fireside Elementary School (9/10).
Situated in one of North Phoenix's most desirable master-planned communities, providing immediate proximity to high-end shopping, dining, and major freeway access.
As a spacious 1,534 sq. ft. end-unit with vaulted ceilings and extra windows, this home offers a bright, airy atmosphere that is rare for condominium living.
The monthly association fee of $360 represents a significant ongoing carrying cost that buyers must factor into their overall debt-to-income considerations.
With a 2004 build date, the property may soon require capital expenditures for major systems like HVAC or water heaters, and some interior finishes may feel dated compared to new construction.
Highly sought-after Desert Ridge location! This spacious 1,534 sq. ft. end-unit condo offers abundant natural light with extra windows throughout, creating a bright and inviting living space. Featuring 2 bedrooms and 2.5 baths, this well-designed floor plan includes vaulted ceilings that enhance the open feel. The kitchen is appointed with granite countertops and stainless steel appliances, perfect for both everyday living and entertaining. Enjoy indoor-outdoor living with two private balconies. Additional highlights include a direct-entry garage with extra storage space. A rare opportunity in one of North Phoenix's most desirable areas, close to shopping, dining, and entertainment.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades 7-8 • 1.1 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 52% |
| Square foot | 1,534 | 1,386 | 72% |
| Lot Size | 978 | 972 | 52% |
| Price | $425.0K | $420.0K | 60% |
| Price per sq ft | $277 | $277 | 50% |
| Built year | 2004 | 2006 | 48% |
| HOA | $360 | $276 | 60% |
| Days on market | 5 | 1822 | 4% |
Apr 17, 2026
$425,000
Initial Listing