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7332 North 40th Drive

7332 North 40th Drive, Phoenix, AZ 85051
Sold May 16, 2018
$225,000
$236,060 by The Federal Savings Bank
Mortgage Due Jun 01, 2051
7332 North 40th Drive in Phoenix, AZ was first built in 1961 and is 63 years old. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 7332 North 40th Drive has 2,255 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 8,329 square feet.

Learn more about the property and building on this page. There is a portico porch (a porch you can drive under) and a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The roof of the home is made of asphalt. For those who need parking, there is a garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete block control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of block. Walk into the home itself and you'll find that it is currently being cooled with a refrigeration air conditioning system. As for heating, the home is utilizing a heating system. The property was last sold in May 8, 2018 for $225,000. That's $99.78 per sqft. 7332 North 40th Drive was last assessed in 2023. The total value of the property was assessed at $29,420. Specifically, the land the property is located on was valued at $5,880. While improvements on the property were assessed at a total of $23,540. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,779. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Concrete block
  • Exterior Walls Type: Block
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2
  • Porch Type: Portico (drive under)
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 8,329
  • Total Building Area: 2,255
  • Gross Building Area: 2,255
  • Building Area: 2,255
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,255
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MELROSE SHADOWS 2
  • Land Acres: 0.191
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MELROSE SHADOWS 2 MCR 89/39

Ownership

  • Current Owner : BYLER DEBORAH
  • Previous Owner : TERRITO ERDMAN MARGARET
  • Previous Owner 2: ESTATE OF JOANN SINISE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Washington Elementary District
  • Census Tract: 105800

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 8939
  • Parcel: 151-28-098
  • Lot: 265
  • Meridian: SEC 3 TWN 2N RNG 2E
  • Municipality: PHOENIX
  • Latitude: 33.5447
  • Longitude: -112.146

    Address

  • Full Address: 7332 N 40th Dr
  • Address - House Number: 7332
  • Street Direction: N
  • Address - Street Name: 40th
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C077
  • 4-Digit Zip Code: 7303
  • Zip Code: 85051

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,779
  • Tax Rate Code Area: 061300

    Appraisal Valuation

  • Standard Deviation: 0.157
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 80
  • Final Value: 417,333
  • High Value: 482,895
  • Low Value: 351,772

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $236,060
  • First Open Lien Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: May 12, 2021
  • First Open Lien Mortgage Loan Amount: $236,060
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $294,200
  • Market Land Value: $58,800
  • Market Improvement Value: $235,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,420
  • Assessed Land Value: $5,880
  • Assessed Improvements Value: $23,540

    Sales

  • Current Sale Contract Date: May 08, 2018
  • Current Sale Recording Date: May 16, 2018
  • Current Sale Transaction ID: 11462988179
  • Current Sale Price: $225,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20180376378

    Last Sale Mortgage

  • First Mortgage Lender: EVERETT FINANCIAL INC
  • First Mortgage Transaction Date: May 16, 2018
  • First Mortgage Loan Amount: $220,924
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2048

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Frequently Asked Questions

What neighborhood is 7332 North 40th Drive located in?
The 7332 North 40th Drive is a house located in the neighborhood of Melrose Shadows in Alhambra, Phoenix.
What is the average sales price for listings in 7332 North 40th Drive?
The average sales price for units in 7332 North 40th Drive is $0 currently.

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