7202 S 40TH Lane, Phoenix, AZ 85041, Phoenix, 85041 - 3 bed, 3 bath
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Phoenix, AZ 85041
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $370,000—positioned well below the $376,425 Fair Market Value by 1.7%. This valuation gap offers $6,425 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the home showcases a Modern Kitchen Remodel with granite countertops and stainless steel appliances. Located near the top-rated Vista Del Sur Traditional School, this property is an ideal choice for Owner-Occupants or first-time buyers seeking a turnkey, high-quality lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7202 S 40TH Lane Subject | $370,000* List Price | 3 | 3 | 1,519 | $248 | - |
A 6727 S 35TH Drive Sold | $350,000 | 4 | 2 | 1,580 | $222 | 0.8 mi |
B 6727 S 35TH Drive Sold | $350,000 | 4 | 2 | 1,580 | $222 | 0.8 mi |
C 4208 W BURGESS Lane Sold | $347,000 | 3 | 2 | 1,380 | $251 | 0.5 mi |
D 6525 S 37TH Lane Pending | $364,980 List Price | 3 | 2 | 1,493 | $244 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2002, the property features a recent high-end remodel (likely <5 years) as evidenced by the modern kitchen with white shaker cabinetry, granite countertops, and stainless steel appliances. The home is in mint condition with updated tile flooring and fresh finishes throughout, requiring no immediate maintenance.
Middle School: Vista Del Sur Traditional School (10/10).
The kitchen has been tastefully updated with granite countertops, elegant white cabinetry, and stainless steel appliances, providing a high-end, move-in-ready experience.
The property is located less than a mile from Vista Del Sur Traditional School, which boasts a top-tier rating of 10, making it highly desirable for families.
The designated high school, Cesar Chavez High School, has a rating of 3, which may be a concern for families with older children or for long-term resale value.
The backyard is fully paved with stone pavers; while low-maintenance, the absence of grass or natural landscaping may be a drawback for pet owners or those seeking a traditional garden.
Beautifully updated two-story home offering a spacious open-concept layout and modern finishes throughout. The inviting main living area features durable tile flooring, soaring ceilings, and abundant natural light, creating a bright and welcoming atmosphere. The remodeled kitchen is a standout with elegant white cabinetry, granite countertops, stainless steel appliances, decorative stone backsplash, pantry, and ample storage space. Upstairs and downstairs living areas provide flexibility for entertaining, relaxing, or working from home. The low-maintenance backyard is fully paved with attractive stone pavers, offering a private outdoor retreat with plenty of room for gatherings and recreation. This exceptional home is one you won't want to miss!
No exterior & parking available.
Grades K-8 • 0.8 mi
Grades PK-8 • 1.3 mi
Grades PK-8 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,519 | - |
| Lot Size | 5,024 | - |
| Price | $370.0K | $495.4K |
| Price per sq ft | $244 | $290 |
| Built year | 2002 | 0 |
| HOA | $84 | $0 |
| Days on market | 41 | 1260 |
Jun 12, 2026
$370,000
Initial Listing