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$3,888,800

Est. payment - /mo

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5 BD

5 BA

6,173 SqFt

Active

6602 N 40TH Street Paradise Valley, AZ 85253

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Kelly Saggione

[email protected] +1(480) 550-9494

UPDATED:

02/13/2025 11:25 PM

Key Details

Property Type Single Family Home

Sub Type Single Family - Detached

Listing Status Active

Purchase Type For Sale

Square Footage 6,173 sqft

Price per Sqft $629

Subdivision Lincoln Heights 1-7,9-11,26-30,45-52 & Tr A

MLS Listing ID 6816774

Style Santa Barbara/Tuscan

Bedrooms 5

HOA Y/N No

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1962

Annual Tax Amount $9,356

Tax Year 2024

Lot Size 1.080 Acres

Acres 1.08

Property Sub-Type Single Family - Detached

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!

Location

State AZ

County Maricopa

Community Lincoln Heights 1-7, 9-11, 26-30, 45-52 & Tr A

Direction N. on 40th Street to property on the west (left.)

Rooms

Other Rooms BonusGame Room

Den/Bedroom Plus 7

Separate Den/Office Y

Interior

Interior Features 9+ Flat Ceilings, Vaulted Ceiling(s), Kitchen Island, Pantry, Bidet, Full Bth Master Bdrm, Separate Shwr & Tub

Heating ENERGY STAR Qualified Equipment, Natural Gas, Ceiling

Cooling ENERGY STAR Qualified Equipment, Refrigeration

Flooring Tile, Wood

Fireplaces Number 1 Fireplace

Fireplaces Type 1 Fireplace, Exterior Fireplace, Gas

Fireplace Yes

Window Features Dual Pane,ENERGY STAR Qualified Windows

SPA Private

Exterior

Exterior Feature Patio, Storage, Built-in Barbecue

Garage Spaces 3.0

Garage Description 3.0

Fence Block, Wrought Iron

Pool Heated, Private

Landscape Description Irrigation Back, Irrigation Front

Amenities Available None

Roof Type Foam

Private Pool Yes

Building

Lot Description Desert Back, Desert Front, Irrigation Front, Irrigation Back

Story 1

Builder Name Saddlewood

Sewer Septic Tank

Water Pvt Water Company

Architectural Style Santa Barbara/Tuscan

Structure Type Patio,Storage,Built-in Barbecue

New Construction No

Schools

Elementary Schools Kiva Elementary School

Middle Schools Mohave Middle School

High Schools Saguaro High School

School District Scottsdale Unified District

Others

HOA Fee Include No Fees

Senior Community No

Tax ID 169-52-001

Ownership Fee Simple

Horse Property N

Listed by The Ave Collective

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Kelly Saggione

SA642180000

+1(480) 550-9494

6602 N 40TH Street Paradise Valley, AZ 85253

Kelly Saggione

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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6602 N 40TH Street