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Phoenix 85331 Desert View
28848 N 40TH Place
Photo of 28848 N 40TH Place
Sold on Dec 22, 2025

28

Map

Photo of 28848 N 40TH Place
Photo of 28848 N 40TH Place
$615,000
● House - Off Market

28848 N 40TH Place

Cave Creek, AZ 85331
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,940 Ft²
$3,355
Est. Monthly
$114
HOA / Fees
5.00%
Cap Rate

About This Property

Stylish Modern Living in a Beautiful Community! This 4-bed, 3-bath home offers 1,940 sqft of thoughtfully designed space, featuring an open-concept layout with sleek tile flooring and a seamless flow between the gourmet kitchen, dining nook, and large great room. The kitchen boasts a pantry, granite and non-laminate counters, and is perfect for both everyday living and entertaining. The spacious primary suite is a private retreat with a step-in shower, dual sinks, and a huge walk-in closet. Enjoy outdoor living on the covered backyard patio, plus the convenience of extra storage and a 2-car garage. All set in a gorgeous community designed for comfort and connection!
Unit Size
1,940 Ft²
Days on Market
80 days
Land Size
0.14 acres
Price per sqft
$325
Property Type
House
Property Taxes
$148
HOA Dues
$114
Year Built
2018

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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 #6915885)

Price History

Date / Event Date Event Price
Dec 22, 2025 Sold
Premium
Sold
Nov 11, 2025 In contract -
In contract
Sep 5, 2025 Listed by My Home Group Real Estate $630,000
Listed by My Home Group Real Estate
Feb 28, 2019 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 0
  • Building Quality: 0
  • 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
  • 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: 6,005
  • Total Building Area: 1,940
  • Gross Building Area: 1,940
  • Building Area: 1,940
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,940
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAVE CREEK & PEAK VIEW
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 0141
  • State Land Use Code: 0071
  • Legal Description 1: CAVE CREEK & PEAK VIEW MCR 1230-32

Neighborhood

  • School District Name: Cave Creek Unified District
  • Census Tract: 612800

Zoning

  • Zoning: R16

Geography

  • Assessors Map Reference: MB 123032
  • Parcel: 211-39-081
  • Lot: 44
  • Meridian: SEC 30 TWN 5N RNG 4E
  • Municipality: PHOENIX
  • Latitude: 33.7474
  • Longitude: -111.995

    Address

  • Full Address: 28848 N 40th Pl
  • Address - House Number: 28848
  • Street Direction: N
  • Address - Street Name: 40th
  • Address - Suffix Type: Pl
  • State: AZ
  • City Name: Cave Creek
  • Carrier Code: H019
  • 4-Digit Zip Code: 2001
  • Zip Code: 85331

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $169,830
  • Tax Rate Code Area: 931300

    Appraisal Valuation

  • Standard Deviation: 0.148
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 680,333
  • High Value: 781,082
  • Low Value: 579,585

    Market Valuation

  • Market Total Value: $481,300
  • Market Land Value: $96,200
  • Market Improvement Value: $385,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,130
  • Assessed Land Value: $9,620
  • Assessed Improvements Value: $38,510

    Sales

  • Current Sale Contract Date: Jan 04, 2024
  • Current Sale Recording Date: Jan 10, 2024
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 14423
  • Previous Sale Recording Date: Feb 28, 2019
  • Previous Sale Contract Date: Feb 12, 2019
  • Previous Sale Amount: $404,990
  • Previous Sale Document Type: 68
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 Desert View

Stats & Trends

Median Asking:

$785,990

Sale Price/ft²

$353

Below Asking

0.02%

Average Days on Market

82

Average Home Size

2328 ft²

Average Home Age

19.1 years

Currently For Sale

331 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

Unit for rent at 4254 E Molly Lane, Cave Creek, AZ, 85331

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,722 ft²
4254 E Molly Lane, Cave Creek, AZ, 85331 Listing by Mary Ann Petratis
Unit for rent at 4274 E Creosote Drive, Cave Creek, AZ, 85331

$2,995 /mo

  • 3 Beds
  • 2 Baths
  • 2,001 ft²
4274 E Creosote Drive, Cave Creek, AZ, 85331 Listing by Edgar J Hernandez Vergil
Unit for rent at 26435 N 42nd Place, Phoenix, AZ, 85050

$2,900 /mo

  • 4 Beds
  • 3 Baths
  • 2,359 ft²
26435 N 42nd Place, Phoenix, AZ, 85050 Listing by Vernon Stevens

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: George Laughton, My Home Group Real Estate
Last Updated: 5 months ago
Data Source: ARMLS, MLS# 6915885
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 28848 North 40th Place built and last sold?
The property at 28848 North 40th Place was built in 2018 and last sold on Jan 4, 2024 for $0.
How much is this home worth?
The estimated value of the home located at 28848 North 40th Place is $0.
What are some comparable homes to 28848 North 40th Place?
There are currently no comparable homes to 28848 North 40th Place.
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