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8602 North 40th Drive

8602 North 40th Drive, Phoenix, AZ 85051
Sold Apr 30, 2019
$268,000
$263,145 by Moria Development Inc
Mortgage Due May 01, 2049
Sold Feb 26, 2010
$84,000
Seller
Local assessors in Phoenix, AZ have categorized 8602 North 40th Drive as a residential type of property. The home was built in 1976 and is 48 years old. The property's lot size has been calculated to be 9,217 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 2 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 8602 North 40th Drive has a total of 2,424 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 both a unknown and a unknown so you'll have great options in both the front and back of the home. 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 - C. The building has a roof that is made of asphalt. Lots of block 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. The property was last sold in Apr 24, 2019 for $268,000. That's $110.56 per sqft. Prior to that sales transaction, the property was also sold in Feb 24, 2010 for $84,000. 8602 North 40th Drive was last assessed in 2023. The total value of the property was assessed at $31,870. Specifically, the land the property is located on was valued at $6,370. While improvements on the property were assessed at a total of $25,500. 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 $1,973. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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.

Building Features

Parking

Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • 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

    Dimensions

  • Lot Size Square Feet: 9,217
  • Total Building Area: 2,424
  • Gross Building Area: 2,424
  • Building Area: 2,424
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,424
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MANZANITA MANOR
  • Land Acres: 0.212
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MANZANITA MANOR MCR 178-17

Ownership

  • Current Owner : HOUSER LORI J
  • Previous Owner : THE JOHN PAIRRETT REVOCABLE TRUST
  • Owner Before Previous Owner: FANNIE MAE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Washington Elementary District
  • Census Tract: 105701

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 17817
  • Parcel: 150-14-157
  • Lot: 142
  • Meridian: SEC 34 TWN 3N RNG 2E
  • Municipality: PHOENIX
  • Latitude: 33.5627
  • Longitude: -112.147

    Address

  • Full Address: 8602 N 40th Dr
  • Address - House Number: 8602
  • Street Direction: N
  • Address - Street Name: 40th
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C056
  • 4-Digit Zip Code: 3609
  • Zip Code: 85051

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,973
  • Tax Rate Code Area: 061300

    Appraisal Valuation

  • Standard Deviation: 0.1479
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 461,758
  • High Value: 530,057
  • Low Value: 393,460

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $268,912
  • First Open Lien Mortgage Lender: MORIA DEVELOPMENT INC
  • First Open Lien Mortgage Recording Date: Apr 30, 2019
  • First Open Lien Mortgage Loan Amount: $263,145
  • 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: May 01, 2049
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Mar 09, 2023
  • Second Open Lien Mortgage Loan Amount: $5,767
  • Second Open Lien Mortgage Term: 313
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: May 01, 2049

    Market Valuation

  • Market Total Value: $318,700
  • Market Land Value: $63,700
  • Market Improvement Value: $255,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,870
  • Assessed Land Value: $6,370
  • Assessed Improvements Value: $25,500

    Sales

  • Current Sale Contract Date: Apr 24, 2019
  • Current Sale Recording Date: Apr 30, 2019
  • Current Sale Transaction ID: 11602012155
  • Current Sale Price: $268,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20190311142
  • Previous Sale Recording Date: Feb 26, 2010
  • Previous Sale Contract Date: Feb 24, 2010
  • Previous Sale Amount: $84,000
  • Previous Sale Document Type: Cash Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORIA DEVELOPMENT INC
  • First Mortgage Transaction Date: Apr 30, 2019
  • First Mortgage Loan Amount: $263,145
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2049

About North Mountain



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 8602 North 40th Drive located in?
The 8602 North 40th Drive is a house located in the neighborhood of Manzanita Manor in North Mountain, Phoenix.
What is the average sales price for listings in 8602 North 40th Drive?
The average sales price for units in 8602 North 40th Drive is $265,000 , or $109/sqft. currently.

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