9249 N 40TH Street, Phoenix, AZ 85028, Phoenix, 85028 - 5 bed, 3 bath
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Phoenix, AZ 85028
Analysis of 9249 N 40TH Street, Phoenix, AZ 85028 is currently available with a list price of $2,400,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
While originally built in 1976, the property has undergone an extensive restoration that brings it to modern luxury standards. Interior photos reveal high-end finishes including contemporary globe light fixtures, exposed wood beams, and updated flooring. The bathroom features a fully renovated walk-in shower with modern subway tiling and premium fixtures, indicating a comprehensive recent renovation with no visible deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 113765, living area = 2773.
Situated at the base of the Phoenix Mountain Preserve, the property offers unparalleled privacy and breathtaking mountain views with direct access to hiking and riding trails.
Boasting over 2.6 acres with no HOA, this rare horse-privileged lot provides immense potential for future expansion, custom development, or a private equestrian estate.
At a list price of $2.4 million for 2,773 square feet, the property carries a premium valuation that may challenge buyers looking for more interior living space at this price point.
Built in 1976, the home may require further modern updates or system overhauls to meet the expectations of luxury buyers seeking contemporary amenities and energy efficiency.
This 5-bedroom, 3-bath gem sits on over 2.6 acres at the base of the stunning Phoenix Mountain Preserve. Built in 1976 with durable block construction, this home has been restored and well maintained, preserving its unique architectural charm. With no HOA, breathtaking mountain views, and plenty of space for horses or future expansion, this property is perfect for those seeking a private retreat with endless possibilities. Whether you're looking to customize your dream home, enjoy nearby hiking and horseback riding, or invest in a property with incredible potential, this is an opportunity you don't want to miss!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 91% |
| Baths | 3.0 | 2.0 | 64% |
| Square foot | 2,773 | 2,164 | 80% |
| Lot Size | 113,765 | 10,356 | 100% |
| Price | $2.40M | $640.0K | 96% |
| Price per sq ft | $865 | $332 | 98% |
| Built year | 1976 | 1972 | 70% |
| HOA | $0 | $0 | 50% |
| Days on market | 398 | 1317 | 41% |
Mar 24, 2025
$2,400,000
Initial Listing