20660 N 40th Street 2143, Phoenix, AZ 85050, Phoenix, 85050 - 2 bed, 2 bath
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Phoenix, AZ 85050
This Resort-Style Condominium represents a High-Potential Investment Opportunity, listed at $435,000—positioned well below the $451,358 Fair Market Value by 3%. This valuation gap secures $16,358 in Instant Equity. Boasting a Condition Rating of 3, the interior features a Granite Kitchen, 2-Car Garage, and recent mechanical upgrades including new A/C units (2022). Located in the gated La Verne community near Desert Ridge, it offers access to the 9/10 rated Fireside Elementary. This is an exceptional find for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20660 N 40th Street 2143 Subject | $435,000* List Price | 2 | 2 | 1,453 | $311 | - |
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 20660 N 40TH Street 1179 Sold | $420,000 | 2 | 2 | 1,376 | $305 | 0.1 mi |
E 20660 N 40th Street 2182 Sold | $438,000 | 2 | 2 | 1,469 | $298 | 0.1 mi |
F 3935 E ROUGH RIDER Road 1057 Sold | $477,000 | 2 | 3 | 1,388 | $344 | 1.0 mi |
G 20660 N 40th Street 1137 Active | $480,000 List Price | 3 | 2 | 1,612 | $298 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and well-maintained, aligning with the 20-year age criteria for a 'good' rating. It features significant recent mechanical updates, specifically both A/C units replaced in 2022 and a new refrigerator in 2023. While the kitchen cabinetry and bathroom vanities appear to be original 2004 builder-grade styles, the kitchen has been enhanced with granite countertops, and the main living areas feature updated wood-look flooring rather than original carpeting.
Elementary School: Fireside Elementary School (9/10).
Both A/C units were replaced in 2022 and the refrigerator in 2023, offering significant value and peace of mind regarding high-ticket maintenance items in the Phoenix climate.
Situated minutes from Desert Ridge Marketplace and City North, the property offers unparalleled access to premium shopping and dining, with quick commutes via the Loop 101 and SR-51.
The $360 monthly association fee represents a significant recurring expense that may impact the overall affordability and budget for some prospective buyers.
With a build date of 2004, some interior finishes and architectural details may feel dated compared to the modern luxury new-builds frequently found in the surrounding Desert Ridge area.
Welcome to resort-style living in the highly sought-after La Verne community! This spacious 2-bedroom, 2-bath condo features an open-concept floor plan designed for comfortable living and effortless entertaining. Kitchen is complete with granite countertops, a convenient breakfast bar, and ample cabinet space. Enjoy the added convenience of a 2-car garage with direct access to the home--perfect for everyday ease and security. Both A/C's replaced 4/14/2022 and refrigerator 3/2023! Residents of La Verne enjoy an array of premium amenities, including two sparkling pools/spa, a beautifully appointed clubhouse, Billiard room, media room, a full kitchen and dining space ideal for hosting gatherings. On-site management adds an extra level of convenience and peace of mind. (See more) Ideally located within La Verne and just minutes from Desert Ridge and City North you will enjoy endless options for dining, shopping, and entertainment right at your fingertips. With quick access to the Loop 101 and 51 freeways, commuting around the Valley is a breeze. Don't miss this opportunity to enjoy comfort, convenience, and community all in one!
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades 7-8 • 1.2 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 | 2.0 | 2.0 | 50% |
| Square foot | 1,453 | 1,386 | 56% |
| Lot Size | 1,288 | 972 | 80% |
| Price | $435.0K | $420.0K | 68% |
| Price per sq ft | $299 | $283 | 64% |
| Built year | 2004 | 2006 | 48% |
| HOA | $360 | $276 | 60% |
| Days on market | 22 | 1822 | 4% |
Mar 31, 2026
$435,000
Initial Listing