40
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632 S 83RD Way
About This Property
The outdoor spaces are a standout, with plenty of room for entertaining, relaxing and enjoying the Arizona sunshine. The fully fenced yard features a charming white picket-style fence, extensive artificial turf, mature landscaping and paver walkways around the property. A full-width covered front awning adds architectural charm while providing welcome shade across the front windows, with oversized flagstone-style stepping stones creating an inviting approach. An extended covered side patio overlooks the spacious landscaped yard with solar yard light and overhead party lighting. There is also an additional private patio on the carport side, plus a doggie door for convenient pet access. An extended driveway, covered carport and storage shed add convenience and functionality. Inside, approximately 1,440 sq. ft. of living space has been thoughtfully updated with waterproof, scratch-resistant laminate flooring, interior and exterior paint completed in 2021, and ENERGY STAR® double-pane tinted windows. The spacious living and dining areas offer abundant natural light and an open feel. The centrally located walk-through kitchen is convenient to the dining area and features updated stainless steel appliances, a window overlooking the private patio, gas cooktop, eye-level wall oven and French-door refrigerator. Special touches include a decorative pressed-tin-look ceiling treatment with accent lighting. A portable island provides additional storage and counter space.
The large primary suite easily accommodates a king-size bed and larger bedroom furnishings and features extensive mirrored wardrobe storage, plus a separate built-in dressing/vanity area with decorative lighting and cabinetry. The adjoining bath includes dual sinks with quartz countertops and a recently installed walk-in shower. The second bath has also been updated with quartz countertops and decorative finishes. The second bedroom is currently used as a home office and can easily serve as a guest room, hobby room or workspace. Additional features include a separate laundry room with full-size washer and dryer, abundant storage throughout, a quality central air and heating system with gas furnace that was recently serviced, and a roof professionally sealed in 2025 with an industrial-grade elastomeric coating. Fountain of the Sun offers an extensive selection of amenities and activities, including a heated pool and spa, fitness center, pickleball, billiards, arts and crafts, exercise and dance classes, clubs, concerts, live entertainment, a Veterans Memorial and scenic lake. The Fountain of the Sun Country Club also offers an 18-hole executive golf course, driving range and Pro Shop, with golf memberships and passes available separately. All appliances convey, and select furnishings may be available by separate negotiation.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2026 | Sold | ||
| Sold | |||
| Aug 29, 2026 | In contract | - | |
| In contract | |||
| Aug 23, 2026 | Listed by My Home Group Real Estate | $249,900 | |
| Listed by My Home Group Real Estate | |||
| Nov 1, 2025 | Relisted | $280,000 | |
| Relisted | |||
| Sep 10, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017