6602 N 40th Street Paradise Valley, 85253
Bedrooms:
5
Bathrooms:
5
Square Feet:
6,173 sqft
For Sale
Virtual Tour of 6602 N 40th Street , Paradise Valley 85253
Property Description
**Exciting Opportunity: Mid-Construction Hillside Retreat! ** This unique property in the prestigious 85253 area, with stunning mountain views, is about 30% complete and includes all permits, plans, and designs. Priced at $3.888 million ($629/sq ft). The remaining remodel budget is $1 million, with a potential resale value of around $5.5 million ($890/sq ft, with comps closer to $950-$1,000/sq ft), offering savvy investors an expected profit of **$600k** upon completion. No HOA and lot over 1 acre! Envision your dream home in this tranquil hillside setting, and while construction is continuing, we are open to various exit strategies. This property presents numerous possibilities for your vision. Don't miss out on this rare chance to create a picturesque retreat in the hillside!
General Information
Price:
$3,888,800
Status:
Active
Listing Updated:
2/13/2025
List Date:
2/6/2025
Close Date
Square Feet:
6,173
Bedrooms:
5
Bathrooms:
5
Garage Spaces:
3.00
Year Built:
1962
Builder Name:
Saddlewood
Subdivision:
Lincoln Heights 1-7,9-11,26-30,45-52 & TR A
City:
Paradise Valley
Zip:
85253
County:
Maricopa
HOA Y/N:
No
HOA Fee:
$0
HOA Paid Frequency:
HOA Transfer Fee:
Taxes:
$9,356
Tax Year:
2024
MLS ID:
6816774
Listing Attribution:
The Ave Collective
Property Features
Interior Features
9+ Flat Ceilings, Vaulted Ceiling(s), Kitchen Island, Pantry, Bidet, Full Bth Master Bdrm, Separate Shwr & Tub
Exterior Features
Patio, Storage, Built-in Barbecue
Flooring
Tile, Wood
Laundry
Fireplace Features
1 Fireplace, Exterior Fireplace, Gas
Cooling
ENERGY STAR Qualified Equipment, Refrigeration
Heating
ENERGY STAR Qualified Equipment, Natural Gas, Ceiling
Utilities
Pool
Heated, Private
Spa
Private
Construction Finish
Painted, Stucco, Stone, Block
Roofing
Foam
Water
Pvt Water Company
Sewage
Septic Tank
Fencing
Block, Wrought Iron
School Information
High School:
Saguaro High School
High School District:
Scottsdale Unified District
Middle School:
Mohave Middle School
Elementary School:
Kiva Elementary School
Elementary School District:
Scottsdale Unified District
Community Information
Subdivision:
Lincoln Heights 1-7,9-11,26-30,45-52 & TR A
Lot Information
Lot Size (sq feet):
47,027
Lot Features:
Desert Back, Desert Front, Irrigation Front, Irrigation Back
Fencing:
Block, Wrought Iron
Location Information
Directions:
N. on 40th Street to property on the west (left.)
Cross Street:
Lincoln Dr And 40th Street
Map:
View on Map
What's Nearby? : 6602 N 40th Street Paradise Valley, 85253
Current Market Comparison
Subject
Active
Closed
Best0.5 Miles
Better1 Miles
Good1.5 Miles
Fair2 Miles
Subject Property
6602 N 40th Street Paradise Valley AZ 85253
Property Type:
Single Family - Detached
Bedrooms:
5
Bathrooms:
5
Interior SqFt:
6173
Interior Stories:
1
Year Built:
1962
7 Closed Properties
Lowest Price: $3,575,000
Median Price: $4,250,000
Highest Price: $7,999,888
Address
Distance/Miles
Closed Price
Details
30 Active Properties
Lowest Price: $3,489,000
Median Price: $5,915,000
Highest Price: $20,400,000
Address
Distance/Miles
Active Price
Details
