21862 N 40TH Place, Phoenix, AZ 85050, Phoenix, 85050 - 3 bed, 3 bath
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Phoenix, AZ 85050
This Turnkey Desert Ridge Residence is listed at $499,000, positioned below the $501,224 Fair Market Value by 0.4%. This competitive entry point provides $2,224 in Instant Equity in a high-demand North Phoenix enclave. Boasting a Good Condition Rating, the interior features a renovated kitchen with a Black Stone Waterfall Island and modern wood-look flooring. Situated steps from the 10/10-rated Desert Trails Elementary, the home offers a premier lifestyle near Desert Ridge Marketplace. This move-in-ready sanctuary is ideal for growing families or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21862 N 40TH Place Subject | $489,000* List Price | 3 | 3 | 1,449 | $343 | - |
A 3969 E CAT BALUE Drive Sold | $500,000 | 3 | 3 | 1,444 | $346 | 0.2 mi |
B 3969 E CAT BALUE Drive Sold | $500,000 | 3 | 3 | 1,444 | $346 | 0.2 mi |
C 3941 E CAT BALUE Drive Sold | $510,000 | 3 | 3 | 1,444 | $353 | 0.2 mi |
D 3941 E CAT BALUE Drive Sold | $510,000 | 3 | 3 | 1,444 | $353 | 0.2 mi |
E 3964 E CAT BALUE Drive Sold | $500,000 | 3 | 3 | 1,444 | $346 | 0.2 mi |
F 3964 E CAT BALUE Drive Sold | $500,000 | 3 | 3 | 1,444 | $346 | 0.2 mi |
G 3932 E MELINDA Drive Pending | $525,000 List Price | 3 | 3 | 1,448 | $363 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with several modern updates that elevate it above its 1998 build year. The kitchen has been renovated with contemporary black stone countertops featuring a waterfall edge on the island, updated white cabinetry, a modern tile backsplash, and stainless steel appliances. The interior features updated wood-look flooring and fresh paint throughout. Bathrooms have also been refreshed with matching stone countertops. While the home is over 20 years old, the extent of the interior cosmetic renovations and the well-maintained exterior and patio area meet the criteria for a 'Good' rating.
Elementary School: Desert Trails Elementary School (10/10).
Situated in one of North Phoenix's most desirable master-planned communities, this home offers unparalleled access to high-end shopping, dining, and entertainment at Desert Ridge Marketplace and High Street.
The property is served by top-rated schools, including Desert Trails Elementary (10/10) and Explorer Middle School (8/10), the latter of which is located less than an eighth of a mile away.
With a lot size of only 2,156 square feet, the outdoor space is quite compact, which may be a drawback for buyers seeking a large private yard or significant gardening space.
At 1,449 square feet for a three-bedroom residence, the room dimensions and storage options may feel restrictive for larger families or those requiring expansive living areas.
Welcome to this beautifully maintained single-family home in the highly desirable Desert Ridge community. Offering 3 spacious bedrooms and 2.5 baths, this home blends comfort, functionality, and the ideal North Phoenix lifestyle. Step inside to an open and inviting floor plan filled with natural light, perfect for both everyday living and entertaining. The kitchen flows seamlessly into the main living area, creating a warm and connected space for gatherings. Upstairs, the generous primary suite features a private bath and ample closet space, while two additional bedrooms provide flexibility for family, guests, or a home office. Enjoy Arizona living in the private backyard--ideal for relaxing evenings. Located just minutes from premier shopping, dining, and entertaining!
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades PK-6 • 0.5 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,449 | 1,962 | 14% |
| Lot Size | 2,156 | 6,096 | 1% |
| Price | $489.0K | $500.0K | 49% |
| Price per sq ft | $337 | $299 | 65% |
| Built year | 1998 | 1998 | 50% |
| HOA | $300 | $132 | 94% |
| Days on market | 16 | 1589 | 0% |
Apr 15, 2026
$489,000
$499,000
-2% Price Drop
Initial Listing
Apr 6, 2026
$499,000
Initial Listing