29854 N 42ND Street, Cave Creek, AZ 85331, Cave Creek, 85331 - 3 bed, 3 bath
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Cave Creek, AZ 85331
This Upgraded Single-Family Residence is a High-Potential Investment Opportunity, listed at $440,000—positioned well below the $545,317 Fair Market Value by 19%. This valuation gap provides $105,317 in Instant Equity. Featuring a Good Condition Rating, the home boasts a Granite Kitchen, Stainless Steel Appliances, and new Luxury Vinyl Plank Flooring. Located in the desirable Tatum Ranch area near top-rated schools and Desert Ridge, it balances immediate lifestyle appeal with significant financial upside. 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 |
|---|---|---|---|---|---|---|
★ 29854 N 42ND Street Subject | $440,000* List Price | 3 | 3 | 1,419 | $384 | - |
A 4443 E Chaparosa Way Sold | $500,000 | 3 | 3 | 1,674 | $299 | 0.7 mi |
B 4321 E RANCHO CALIENTE Drive Sold | $559,900 List Price | 3 | 2 | 1,810 | 0.5 mi | |
C 30430 N 42ND Place Sold | $499,000 | 3 | 2 | 1,436 | $347 | 0.2 mi |
D 31066 N 44TH Way Sold | $469,900 List Price | 3 | 2 | 1,395 | 0.7 mi | |
E 31044 N 40TH Place Sold | $563,900 | 3 | 3 | 1,739 | $324 | 0.7 mi |
F 4045 E DESERT MARIGOLD Drive Sold | $475,000 | 2 | 2 | 1,345 | $353 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several recent upgrades that enhance its overall quality. Key improvements include a kitchen with granite countertops and stainless steel appliances, new luxury vinyl plank flooring, and fresh interior paint throughout. While the home was built in 1999, the vaulted ceilings and updated finishes provide a modern feel, and the systems appear well-maintained, meeting the criteria for a good condition score.
Positioned as the best-priced three-bedroom home in Cave Creek, this property offers exceptional value for entry-level buyers or investors looking to enter a high-demand market.
The home features a refreshed interior with an upgraded granite kitchen, stainless steel appliances, new luxury vinyl plank flooring, and fresh paint throughout, ensuring a move-in-ready experience.
Situated in the desirable Tatum Ranch area with ideal North-South exposure, the property is conveniently located just 10 minutes from both Desert Ridge and Downtown Cave Creek.
At 1,419 square feet for a three-bedroom layout, the interior dimensions may feel restrictive for larger families or those requiring expansive common areas.
The 4,648 square foot lot is relatively small for the Cave Creek region, which may limit outdoor amenities and privacy compared to larger neighboring parcels.
Charm meets convenience in this delightful single-family abode with North-South exposure. Step into a world of warmth & comfort as you enter the open-concept living space, perfect for creating lasting memories with loved ones. This spectacular 3BR / 2.5 Bath home in Cave Creek checks all the boxes, and it's the BEST price in town! Wonderful vaulted-ceilings veil the neutral interior palette and open floor plan below. Upgraded kitchen includes Granite counter tops, and SS appliances, a plethora of cabinets, and don't miss the eat-in breakfast bar. Luxury Vinyl Plank flooring upstairs, and new paint throughout the entire interior. With top-notch schools, shopping, and amenities just a stone's throw away, your dream home awaits! 10 mins from Desert Ridge and 10 mins from Downtown Cave Creek.
No exterior & parking available.
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 | 1,419 | 2,250 | 4% |
| Lot Size | 4,648 | 9,245 | 7% |
| Price | $440.0K | $585.0K | 40% |
| Price per sq ft | $310 | $291 | 57% |
| Built year | 1999 | 1999 | 50% |
| HOA | $140 | $78 | 66% |
| Days on market | 62 | 2381 | 1% |
Feb 19, 2026
$440,000
Initial Listing