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40342 North 253rd Avenue

40342 North 253rd Avenue, Morristown, AZ 85342
House in Maricopa
Sold Jun 24, 2022
$925,000
Sold Jun 18, 2020
$477,500
$368,000 by Primelending
Mortgage Due Jul 01, 2050
Local assessors in Morristown, AZ have categorized 40342 North 253rd Avenue as a residential type of property. The home was built in 2007 and is 17 years old. The property's lot size has been calculated to be 140,440 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 40342 North 253rd Avenue has a total of 1,870 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt and ply sheets in a built-up roof style. Lots of a combination of material were used in the construction of the exterior walls of the home. Residents rely on a refrigeration air conditioning system for their cooling system. The home's a heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 40342 North 253rd Avenue sold most recently in Jun 16, 2022 for a total of $925,000. If you work out the math, that's approximately a cost of $494.65 per sqft. Before that, the property was also sold for $477,500 in May 28, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,728 in taxes each year. 40342 North 253rd Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $36,460. If we break it down further, the land itself was valued at $7,290. Improvements to the property, however, were assessed at a total of $29,170. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Stucco Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Roof Cover Type: Built-up
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 140,440
  • Total Building Area: 1,870
  • Gross Building Area: 1,870
  • Building Area: 1,870
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,870
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 3.224
  • Standard Land Use Code: Single family residential
  • Legal Description 1: POR OF W2 NE4 SEC 19 DAF COM N4 COR SD SEC TH S 2119.11F TH E 772.59F TO TPOB TH N 439.55F E 319.51F S 439.55F W 319.51F TO TPOB

Ownership

  • Current Owner : BEWLEY LARRY M
  • Current Owner 2: THOMPSON KRIS
  • Previous Owner : VERNON APRIL A
  • Owner Before Previous Owner: THREEWIT MATTTHEW R
  • Owner Before Previous Owner 2: THREEWIT KRISTIN D
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Morristown Elementary District
  • Census Tract: 040539

Zoning

  • Zoning: R-43

Geography

  • Parcel: 503-19-055
  • Meridian: SEC 19 TWN 6N RNG 3W
  • Latitude: 33.8499
  • Longitude: -112.609

    Address

  • Full Address: 40342 N 253rd Ave
  • Address - House Number: 40342
  • Street Direction: N
  • Address - Street Name: 253rd
  • Address - Suffix Type: Ave
  • State: AZ
  • City Name: Morristown
  • Carrier Code: H001
  • 4-Digit Zip Code: 9042
  • Zip Code: 85342

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,728
  • Tax Rate Code Area: 750006

    Appraisal Valuation

  • Standard Deviation: 0.1047
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 89
  • Final Value: 566,482
  • High Value: 625,829
  • Low Value: 507,136

    Market Valuation

  • Market Total Value: $364,600
  • Market Land Value: $72,900
  • Market Improvement Value: $291,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,460
  • Assessed Land Value: $7,290
  • Assessed Improvements Value: $29,170

    Sales

  • Current Sale Contract Date: Jun 16, 2022
  • Current Sale Recording Date: Jun 24, 2022
  • Current Sale Transaction ID: 11890740418
  • Current Sale Price: $925,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 525650
  • Previous Sale Recording Date: Jun 18, 2020
  • Previous Sale Contract Date: May 28, 2020
  • Previous Sale Amount: $477,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: RADIANT FINANCIAL GROUP LLC
  • First Mortgage Transaction Date: Jun 24, 2022
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jul 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: PRIMELENDING
  • Previous Mortgage Transaction Date: Jun 18, 2020
  • Previous Mortgage Loan Amount: $368,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2050

About Morristown



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Frequently Asked Questions

What neighborhood is 40342 North 253rd Avenue located in?
The 40342 North 253rd Avenue is a house located in the neighborhood of Maricopa in Morristown, Morristown.
What is the average sales price for listings in 40342 North 253rd Avenue?
The average sales price for units in 40342 North 253rd Avenue is $0 currently.

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