13 days on rocket

7402 S 40th Ln, Phoenix, AZ, 85041

$350,000

Home List Price

$4,156*

Closing Credit

3 Bedrooms
3 Baths
1,616 SqFt
$217/SqFt
House

Location

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7402 S 40th Ln, Phoenix$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingElectric Door Opener
Garage2 spaces
Year Built2001
HeatingNatural Gas
CoolingCeiling Fan(s)
FireplaceNone
MLS #6792091
Lot Size0.12 Acres
StatusActive

About 7402 S 40th Ln

CALLING ALL INVESTORS!!!! Great bones on this one, just needs some elbow grease & minor updating to be a real money maker. Or looking for instant equity in your new home... this is it & plod along making this home your own. Inviting front patio perfect for a porch swing & morning coffee! Inside a spacious great room & dining that opens to kitchen ready with 2 pantries. Upstairs 3 SPACIOUS bedrooms, loft for the kids or home office + the convenient upstairs laundry. Outside is the HUGE pieshaped lot just screaming for a pool, turf & kids playground! Bring on the IDEAS! Located by Cesar Chavez AMAZING park with library, lake, skate park, racquetball, sports fields for baseball & basketball, playgrounds & loads of green grass. Convenient to I10, airport & downtown. Buyer to verify all info.

Property Details

Property Features

Property Information:

  • Year Built: 2001
  • Stories: 2
  • Living Area: 1,616 SqFt

Listing Office:

  • Office Name: West USA Realty
  • Office Phone: (602) 942-4200
  • Listing Agent: Lisa M McDermed

Interior Features

Interior Information:

  • Flooring Type: Carpet, Tile
  • Interior: Upstairs, Eat-in Kitchen, Full Bth Master Bdrm
  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Patio

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Electric Door Opener

Lot Features

Lot Information:

  • Lot: Corner Lot, Desert Front
  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Ceiling Fan(s)

Other

Directions Information:

  • Directions: BASELINE EAST.... 40TH AVENUE NORTH.... DARROW WEST.... WILL CURVE NORTH & BECOME 40th LANE

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000
  • Price Per SqFt: $217/SqFt

HOA Fees:

  • Amount: $80
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $1,583
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Phoenix, AZ.

Med. Sold Price

$452.3K

Med. Price/SqFt

$285

Avg. Days On Market

63

# of Sold Homes

1138

7402 S 40th Ln vs Phoenix

13 DAYS ON ROCKET

-50 Days

$350,000

-$102.3K Less

$217/SqFt

-$68 Less

KEY TAKEAWAY

This property is $102.3K less than the Median Sold Price and $68/SqFt less than other homes in Phoenix, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Arizona Regional Multiple Listing Service 2
  • MLS Number: #6792091

Listing Office:

  • Office Name: West USA Realty
  • Office Phone: (602) 942-4200
  • Listing Agent: Lisa M McDermed

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/20/2024, 9:21:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 26, 2015Home Sold
$121,000
Jun 11, 2008Home Sold
$151,232
Jul 23, 2001Home Sold
$127,040

Tax History

YEARPROP. TAXASSESSMENT
2021$1,583$17,660
2020$1,543$15,870
2019$1,474$13,980
2017$1,399$11,100

History based on county public records data.

Payment Calculator

$1,894

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-27
7
/10
  • Basis Phoenix South

  • 5700 S 19th Ave

  • 2.86 miles

  • Public Charter Grades KG-5

school-card-donut-28
4
/10
  • Riverside Traditional School

  • 1414 S 51st Ave

  • 3.98 miles

  • Public District Grades PK-4

school-card-donut-29
3
/10
  • Asu Preparatory Academy - South Phoenix Intermediate School

  • 5610 S Central Ave

  • 4.32 miles

  • Public Charter Grades 3-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $70,769. Most Phoenix, AZ residents have annual incomes between $35k-100k. The most common type of family is married, with kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7402 S 40th Ln

What is the listing price of this property?

The listing price of 7402 S 40th Ln property is $350,000.

What type of property is this?

The property 7402 S 40th Ln is a house located in Phoenix, Arizona, 85041.

Is this property for sale now?

Active Listing: 7402 S 40th Ln is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,583 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 26, 2015 for $121,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7402 S 40th Ln has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 7402 S 40th Ln is 1,616 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7402 S 40th Ln is 2001.

Rocket Homes›Arizona›Maricopa County›Phoenix›85041›7402 S 40th Ln

This home is located at 7402 S 40th Ln in Phoenix, AZ and zip code 85041 in the Arlington Estates neighborhood. This 1,616 square foot home, which was built in 2001, sits on a 0.12 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 07, 2024 and is currently priced at $350,000.

Over 201 listings were sold over their listed price in November 2024 in Phoenix, AZ. In the same period over 636 listings were sold below the listed price and 301 listings were sold for the listed price. The number of homes for sale in Phoenix, AZ decreased by 1.4% between October 2024 and November 2024. The median list price of listings available in November 2024 was $452,345, while the average time on the real estate market was 63 days.

From Rocket Homes Real Estate and based on county public records data.

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