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Phoenix 85331 Tatum Ranch
31062 N 40TH Place
Photo of 31062 N 40TH Place
Sold on Apr 5, 2022

23

Map

Photo of 31062 N 40TH Place
Photo of 31062 N 40TH Place
$584,900
● House - Off Market

31062 N 40TH Place

Cave Creek, AZ 85331
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,739 Ft²
$555,504
RealtyHop Estimate
-5.03%
Since May 1, 2022
AZ-Phoenix
Primary Model

About This Property

Two story, 3 bedroom, 2.5 bath home freshly painted both inside and out with new carpeting throughout. The kitchen features painted cabinets, granite counter tops and stainless-steel appliances.  Master bath includes dual sinks with separate tub and shower. Backyard features covered patio and pool. A new overhead garage door has been added. GREAT location near lots of shopping and dining. You will also find several neighborhood parks, TONS of golf, lots of hiking and biking trails with easy freeway access.
Unit Size
1,739 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$336
Property Type
House
Property Taxes
$131
HOA Dues
$79
Year Built
1992

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 4 months ago (ARMLS #6306208)

Price History

Date / Event Date Event Price
Apr 5, 2022 Sold
Premium
Sold
Oct 12, 2021 Listed by OfferPad Brokerage, LLC $584,900
Listed by OfferPad Brokerage, LLC
Aug 30, 2021 Sold
Premium
Sold
Mar 31, 2008 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 4
  • Floor Count: 200
  • 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: 8

    Dimensions

  • Lot Size Square Feet: 4,368
  • Total Building Area: 1,739
  • Gross Building Area: 1,739
  • Building Area: 1,739
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,739
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TATUM RANCH PARCEL 9A
  • Land Acres: 0000000100
  • Standard Land Use Code: 1001
  • County Land Use Code: 0133
  • State Land Use Code: 0133
  • Legal Description 1: TATUM RANCH PARCEL 9A MCR 336-40

Neighborhood

  • School District Name: Cave Creek Unified District
  • Census Tract: 612600

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 33640
  • Parcel: 211-62-355
  • Lot: 15
  • Meridian: SEC 19 TWN 5N RNG 4E
  • Municipality: PHOENIX
  • Latitude: 33.7683
  • Longitude: -111.995

    Address

  • Full Address: 31062 N 40th Pl
  • Address - House Number: 31062
  • Street Direction: N
  • Address - Street Name: 40th
  • Address - Suffix Type: Pl
  • State: AZ
  • City Name: Cave Creek
  • Carrier Code: H004
  • 4-Digit Zip Code: 5876
  • Zip Code: 85331

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $151,424
  • Tax Rate Code Area: 931300

    Appraisal Valuation

  • Standard Deviation: 0.1491
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 81
  • Final Value: 570,516
  • High Value: 655,621
  • Low Value: 485,411

    Market Valuation

  • Market Total Value: $365,800
  • Market Land Value: $73,100
  • Market Improvement Value: $292,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,580
  • Assessed Land Value: $7,310
  • Assessed Improvements Value: $29,270

    Sales

  • Current Sale Contract Date: Mar 09, 2022
  • Current Sale Recording Date: Apr 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 303039
  • Previous Sale Recording Date: Aug 30, 2021
  • Previous Sale Contract Date: Jul 12, 2021
  • Previous Sale Amount: $542,000
  • 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 Desert View

Stats & Trends

Median Asking:

$789,000

Sale Price/ft²

$353

Below Asking

0.02%

Average Days on Market

82

Average Home Size

2329 ft²

Average Home Age

19 years

Currently For Sale

335 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 5156 E Desert Trail --, Cave Creek, AZ, 85331

$8,000 /mo

  • 3 Beds
  • 3 Baths
  • 2,315 ft²
5156 E Desert Trail --, Cave Creek, AZ, 85331 Listing by Jacinthe Guitard
Unit for rent at 4711 E Sleepy Ranch Road, Cave Creek, AZ, 85331

$5,500 /mo

  • 3 Beds
  • 2 Baths
  • 2,814 ft²
4711 E Sleepy Ranch Road, Cave Creek, AZ, 85331 Listing by Jeffrey Paul Johnson
Unit for rent at 5100 E Rancho Paloma Drive, Cave Creek, AZ, 85331

$4,400 /mo

  • 2 Beds
  • 2 Baths
  • 2,074 ft²
5100 E Rancho Paloma Drive #2007, Cave Creek, AZ, 85331 Listing by Bobby Romero

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Derek Dickson, OfferPad Brokerage, LLC
Last Updated: 4 months ago
Data Source: ARMLS, MLS# 6306208
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 31062 North 40th Place built and last sold?
The property at 31062 North 40th Place was built in 1992 and last sold on Mar 9, 2022 for $584,900.
How much is this home worth?
The estimated value of the home located at 31062 North 40th Place is $593,076.
What are some comparable homes to 31062 North 40th Place?
There are currently no comparable homes to 31062 North 40th Place.
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