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Phoenix 85023 Cypress
1406 W VILLA RITA Drive
Photo of 1406 W VILLA RITA Drive
Sold on Feb 11, 2026

27

Map

Photo of 1406 W VILLA RITA Drive
Photo of 1406 W VILLA RITA Drive
$375,000
● House - Off Market

1406 W VILLA RITA Drive

Phoenix, AZ 85023
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,539 Ft²
$2,083
Est. Monthly

About This Property

Move-in ready with NO HOA-an ideal starter home or smart investment! This well-kept 3-bed, 2-bath home offers 1,539 sq ft of comfortable living with fresh interior paint and a practical blend of carpet and tile flooring. The split primary bedroom includes a full bath, while the family room and eat-in kitchen provide inviting spaces for everyday living. Enjoy easy-care landscaping with gravel in front and grass in back, plus a 2-car garage and additional slab parking for convenience. A great opportunity for first-time buyers or rental investors alike!
Unit Size
1,539 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$260
Property Type
House
Property Taxes
$119
HOA Dues
-
Year Built
1994

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (ARMLS #6969511)

Price History

Date / Event Date Event Price
Feb 11, 2026 Sold
Premium
Sold
Jan 22, 2026 In contract -
In contract
Jan 16, 2026 Listed by My Home Group Real Estate $399,900
Listed by My Home Group Real Estate
May 2, 1997 Sold
Premium
Sold
Nov 18, 1996 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 38
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,629
  • Total Building Area: 1,539
  • Gross Building Area: 1,539
  • Building Area: 1,539
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,539
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CYPRESS LOT 1-208 TR A,B
  • Land Acres: 0000000129
  • Standard Land Use Code: 1001
  • County Land Use Code: 0141
  • State Land Use Code: 0141
  • Legal Description 1: CYPRESS LOT 1-208 TR A,B MCR 353-41

Neighborhood

  • School District Name: Deer Valley Unified District
  • Census Tract: 618700

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 35341
  • Parcel: 208-03-412
  • Lot: 113
  • Meridian: SEC 31 TWN 4N RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.6505
  • Longitude: -112.091

    Address

  • Full Address: 1406 W Villa Rita Dr
  • Address - House Number: 1406
  • Street Direction: W
  • Address - Street Name: Villa Rita
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C001
  • 4-Digit Zip Code: 1440
  • Zip Code: 85023

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $138,504
  • Tax Rate Code Area: 971300

    Appraisal Valuation

  • Standard Deviation: 0.147
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 439,287
  • High Value: 503,870
  • Low Value: 374,704

    Market Valuation

  • Market Total Value: $307,100
  • Market Land Value: $61,400
  • Market Improvement Value: $245,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,710
  • Assessed Land Value: $6,140
  • Assessed Improvements Value: $24,570

    Sales

  • Current Sale Contract Date: May 01, 1997
  • Current Sale Recording Date: May 02, 1997
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 15
  • Current Sale Input Document Number: 97-0293837
  • Previous Sale Recording Date: Nov 18, 1996
  • Previous Sale Contract Date: Nov 14, 1996
  • Previous Sale Amount: $109,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Deer Valley

Stats & Trends

Median Asking:

$435,000

Sale Price/ft²

$267

Below Asking

0.02%

Average Days on Market

68

Average Home Size

1908 ft²

Average Home Age

33.5 years

Currently For Sale

519 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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$2,499 /mo

  • 3 Beds
  • 2 Baths
  • 1,456 ft²
1 W Piute Avenue, Phoenix, AZ, 85027 Listing by Jennie Miller
Unit for rent at 815 E Grovers Avenue, Phoenix, AZ, 85022

$1,875 /mo

  • 2 Beds
  • 3 Baths
  • 1,390 ft²
815 E Grovers Avenue #UNIT66, Phoenix, AZ, 85022 Listing by Deniz Bayramoglu
Unit for rent at 1727 W Michigan Avenue, Phoenix, AZ, 85023

$2,195 /mo

  • 4 Beds
  • 3 Baths
  • 1,652 ft²
1727 W Michigan Avenue, Phoenix, AZ, 85023 Listing by Tiffany Beyer

Rentals Near You

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ARMLS

Listed by: George Laughton, My Home Group Real Estate
Last Updated: 5 months ago
Data Source: ARMLS, MLS# 6969511
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 1406 West Villa Rita Drive built and last sold?
The property at 1406 West Villa Rita Drive was built in 1994 and last sold on May 1, 1997 for $98,000.
How much is this home worth?
The estimated value of the home located at 1406 West Villa Rita Drive is $0.
What are some comparable homes to 1406 West Villa Rita Drive?
There are currently no comparable homes to 1406 West Villa Rita Drive.
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