25830 N 40TH Place, Phoenix, AZ 85050, Phoenix, 85050 - 5 bed, 3 bath
Loading property details...
Phoenix, AZ 85050
This Spacious Value-Add Residence is listed at $695,000, representing a stable entry point at its $695,000 Fair Market Value. While the property maintains a Fair Condition Rating, it features high-value functional upgrades including Paid Solar Panels, a 2020 HVAC system, and new flooring throughout. The versatile 5-bedroom plus den layout and primary balcony with mountain views provide a strong foundation for appreciation through cosmetic updates. Located near the premier Desert Ridge corridor, this is a strategic acquisition for Owner-Occupants looking to build sweat equity or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 25830 N 40TH Place Subject | $695,000* List Price | 5 | 3 | 2,713 | $256 | - |
A 4410 E LARIAT Lane Sold | $699,900 List Price | 4 | 2 | 2,250 | 0.6 mi | |
B 25807 N 41ST Way Sold | $795,000 List Price | 4 | 4 | 2,734 | 0.2 mi | |
C 26418 N 43RD Place Sold | $599,900 List Price | 3 | 3 | 1,939 | 0.5 mi | |
D 26271 N 46TH Place Sold | $599,900 List Price | 4 | 2 | 2,151 | 1.0 mi | |
E 26235 N 45TH Place Sold | $695,000 | 4 | 3 | 2,132 | $326 | 0.7 mi |
F 26235 N 45TH Place Sold | $695,000 | 4 | 3 | 2,132 | $326 | 0.7 mi |
G 4620 E PASO Trail Active | $680,000 List Price | 4 | 3 | 2,466 | $276 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1997, falls into the 'fair' category as it is over 20 years old and retains many original features. While it boasts excellent functional upgrades such as a new HVAC system (2020), paid solar panels, and brand-new flooring throughout, the kitchen and bathrooms remain dated. The light wood cabinetry, white countertops, and bathroom fixtures are characteristic of the original construction era. The listing itself notes that the home needs 'a little bit of updating' to realize its full equity potential, confirming that while well-maintained and move-in ready, it lacks the comprehensive modern renovation required for a higher score.
The property features fully paid solar panels and a newer HVAC system installed in 2020, providing significant utility savings and reducing immediate capital expenditure for the buyer.
With five bedrooms plus a den, including a downstairs bedroom and a massive upstairs flex room with a Murphy bed, the floor plan offers exceptional flexibility for multi-generational living or remote work.
Situated near the high-demand Desert Ridge and High Street areas, the home also features a primary suite balcony with breathtaking views, a rare find that enhances the property's long-term value.
The property requires some interior updating to reach its full market potential, which may necessitate additional immediate investment from a buyer looking for a modern aesthetic.
The home is back on the market due to a previous buyer's failure to perform, which can occasionally create a perceived stigma or lead to increased scrutiny during the inspection period.
BACK ON MARKET, BUYER FAILED TO PERFORM Non-functioning pool easily remodeled. This spacious 5bd, 3-bath + den home has a bedroom downstairs and a huge room upstairs that can be used for a library, game room, or office, The options are truly endless. Inside, enjoy all new flooring, a gas fireplace, a versatile upstairs room with a Murphy bed and closet, new HVAC (2020), new water softener, and a RV gate are just some of the amazing options that sets this home apart. The backyard has a full-length patio. PAID SOLAR and breathtaking views from primary bedrooms balcony makes this home a rarity. With a little bit of updating this home would have so much equity!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 89% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,713 | 1,962 | 77% |
| Lot Size | 6,600 | 6,106 | 57% |
| Price | $695.0K | $500.0K | 77% |
| Price per sq ft | $256 | $297 | 41% |
| Built year | 1997 | 1998 | 50% |
| HOA | $135 | $132 | 50% |
| Days on market | 316 | 1589 | 32% |
Jun 10, 2025
$695,000
Initial Listing
May 27, 1998
$208,438
Public Record