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6554 North 40th Place

6554 North 40th Place, Paradise Valley, AZ 85253
1 Units For Sale
Unit for sale at 6554 N 40th Place, Paradise Valley, AZ 85253

$9,690,000 ↓ $200K

  • Loft
  • 7 Baths
  • 7,700 ft²
6554 N 40th Place, Paradise Valley, AZ 85253 Listing by Angel Ureta

Local assessors in Paradise Valley, AZ have categorized 6554 North 40th Place as a residential type of property. The home was built in 2022 and is 2 years old. The property's lot size has been calculated to be 44,610 square feet. As for the restroom situation, there are 6 full bathrooms. There are also 7 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 6554 North 40th Place has a total of 6,516 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. 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. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 concrete block 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 - B. 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, 6554 North 40th Place sold most recently in Nov 17, 2020 for a total of $1,000,000. If you work out the math, that's approximately a cost of $153.47 per sqft. 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 $6,711 in taxes each year. 6554 North 40th Place was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $184,200. If we break it down further, the land itself was valued at $36,840. Improvements to the property, however, were assessed at a total of $147,360. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.

Building Features

Parking

Garage Parking
Open Parking

Condition

New Construction

Exterior

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

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230323
03/23/2023
6 Bed
6.5 Bath
6741 ft²
$10,500,000
bedrooms
6 Bed
bathrooms
6.5 Bath
square feet
6741 ft²
-
-
-
Angel Ureta
North & Co
20200415
04/15/2020
3 Bed
3 Bath
3178 ft²
$1,250,000
bedrooms
3 Bed
bathrooms
3 Bath
square feet
3178 ft²
-
-
-
-

Building Info

Overview

    General

  • Year Built: 2022
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Bathroom Plumbing Fixtures: 19
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Roof Cover Type: Built-up
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 44,610
  • Total Building Area: 6,516
  • Gross Building Area: 6,516
  • Building Area: 6,516
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 6,516
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LINCOLN HEIGHTS 1-7,9-11,26-30,45-52 & T
  • Land Acres: 1.024
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LINCOLN HEIGHTS 1-7,9-11,26-30,45-52 & TR A MCR 83/29

Ownership

  • Current Owner : UR INVESTMENTS LLC
  • Previous Owner : LOEB PEGGETH
  • Previous Owner 2: MARVIN LOEB TRUST
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Mar 26, 2024

Neighborhood

  • School District Name: Scottsdale Unified District
  • Census Tract: 105103

Zoning

  • Zoning: R-43

Geography

  • Assessors Map Reference: 8329
  • Subdivision Tract Number: A
  • Parcel: 169-52-013
  • Lot: 23
  • Meridian: SEC 7 TWN 2N RNG 4E
  • Municipality: PARADISE VALLEY
  • Latitude: 33.5338
  • Longitude: -111.993

    Address

  • Full Address: 6554 N 40th Pl
  • Address - House Number: 6554
  • Street Direction: N
  • Address - Street Name: 40th
  • Address - Suffix Type: Pl
  • State: AZ
  • City Name: Paradise Valley
  • Carrier Code: C063
  • 4-Digit Zip Code: 3938
  • Zip Code: 85253

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,711
  • Tax Rate Code Area: 481100

    Appraisal Valuation

  • Standard Deviation: 0.1088
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 89
  • Final Value: 2,629,968
  • High Value: 2,916,114
  • Low Value: 2,343,823

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $4,000,000
  • First Open Lien Mortgage Lender: CAPITAL FUND I, LLC
  • First Open Lien Mortgage Recording Date: Aug 23, 2023
  • First Open Lien Mortgage Loan Amount: $4,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $1,842,000
  • Market Land Value: $368,400
  • Market Improvement Value: $1,473,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $184,200
  • Assessed Land Value: $36,840
  • Assessed Improvements Value: $147,360

    Sales

  • Current Sale Contract Date: Nov 17, 2020
  • Current Sale Recording Date: Nov 24, 2020
  • Current Sale Transaction ID: 11802227661
  • Current Sale Price: $1,000,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20201158275

    Last Sale Mortgage

  • First Mortgage Lender: GOLDMAN SACHS BANK USA
  • First Mortgage Transaction Date: Nov 24, 2020
  • First Mortgage Loan Amount: $750,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Dec 01, 2021

About Paradise Valley



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Frequently Asked Questions

What neighborhood is 6554 North 40th Place located in?
The 6554 North 40th Place is a house located in the neighborhood of Lincoln Heights in Paradise Valley, Paradise Valley.
How many listings are currently for sale in 6554 North 40th Place?
This is a single-family home. The property is currently on the market for sale.
What is the average sales price for listings in 6554 North 40th Place?
The average sales price for units in 6554 North 40th Place is $9,690,000 , or $1,258/sqft. currently.

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