4940 E JUSTICA Street, Cave Creek, AZ 85331, Cave Creek, 85331 - 5 bed, 3 bath
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Cave Creek, AZ 85331
This Versatile Cave Creek Residence is listed at $634,900, positioned as a stable entry point near its $596,977 Fair Market Value. Maintaining a Condition Rating of 4, the home is clean and move-in ready, featuring scenic mountain views and a highly adaptable layout with up to six potential bedrooms. The property includes a private patio and significant seller concessions for a mortgage rate buy-down, providing immediate financial flexibility. While the interior invites modernization, the spacious floor plan and Tatum Ranch location make this an ideal sanctuary for growing families or Owner-Occupants seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4940 E JUSTICA Street Subject | $634,900* List Price | 5 | 3 | 2,762 | $216 | - |
A 4952 E JUSTICA Street Sold | $692,900 | 5 | 3 | 2,575 | $269 | 0.0 mi |
B 29205 N 46th Place Sold | $475,000 List Price | 4 | 3 | 2,883 | 0.6 mi | |
C 29205 N 46TH Place Sold | $549,900 List Price | 4 | 3 | 2,883 | 0.6 mi | |
D 29209 N 46TH Place Sold | $450,000 List Price | 3 | 2 | 2,186 | 0.6 mi | |
E 5133 E JUANA Court Sold | $483,400 | 3 | 3 | 1,943 | $249 | 0.9 mi |
F 4423 E VISTA VAL VERDE -- Sold | $725,000 | 4 | 2 | 2,524 | $287 | 0.6 mi |
G 29008 N 46TH Way Active | $775,000 List Price | 4 | 3 | 2,883 | $269 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999 (25 years old), the property is well-maintained and move-in ready but remains largely dated. While it features some updates like stainless steel appliances and one renovated bathroom, the original oak cabinetry, tile flooring, and gold-trimmed fixtures reflect its age and need modernization to meet current market standards.
The home features a highly flexible layout with up to six bedrooms, including two on the main level that are ideal for a home office, guest suite, or fitness room.
Positioned as the best value in Tatum Ranch, the property includes a significant price reduction and seller concessions for a mortgage rate buy-down.
The property offers beautiful mountain views, adding a premium aesthetic element and enhancing the overall desirability of the Cave Creek location.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2762, other record living area = 2559.
While clean and move-in ready, the home is priced to reflect an opportunity for cosmetic updates, which may require additional immediate investment from the buyer.
The current configuration provides only a two-car garage for a large six-bedroom home, though there is potential to convert living space to add a third bay.
*Seller offering concessions /RATE BUY DOWN, subject to contract terms* Ignore DOM. No inspections have been completed! This home to very unique... with 4 Bedrooms upstairs and flexible main-level floor plan includes two versatile bedrooms (perfect for a home office, fitness room, or guests) plus an updated full bathroom. Consider removing the 6th bedroom and convert to a 3rd garage. SEE PHOTOS FOR AI RENDERING. The home IS CLEAN & move-in ready! Excellent opportunity for buyers looking to update and make this home their own! Deep price drop AND SELLER CONCESSIONS makes this the best value in Tatum Ranch.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.5 | 90% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,762 | 2,282 | 65% |
| Lot Size | 6,302 | 8,968 | 22% |
| Price | $634.9K | $502.5K | 60% |
| Price per sq ft | $230 | $270 | 48% |
| Built year | 1999 | 1999 | 50% |
| HOA | $105 | $78 | 59% |
| Days on market | 255 | 2644 | 12% |
Sep 24, 2025
$634,900
Initial Listing