Homes for sale - 6602 N 40TH Street, Paradise Valley, AZ 85253

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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$3,500,000

Est. payment - /mo

5 Beds

5 Baths

6,173 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 6,173 sqft

Price per Sqft $566

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 Residence

Property Description

**MASSIVE PRICE REDUCTION** Opportunity to own Mid-Construction Hillside Retreat! ** This unique property in the prestigious 85253 area, with stunning mountain views, is about 35% complete and includes all permits, plans, and designs. Priced at $3.5 mill ($566/sq ft). The remaining remodel budget is $1 million, with a potential resale and ARV of $5.5 million ($890/sq ft, with comps closer to $950-$1,000/sq ft), offering savvy investors a 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 Paradise

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 Central Air, ENERGY STAR Qualified Equipment

Flooring Tile, Wood

Fireplaces Type 1 Fireplace, Exterior Fireplace, Gas

Fireplace Yes

Window Features Skylight(s),Dual Pane,ENERGY STAR Qualified Windows

SPA Private

Laundry Other, See Remarks

Exterior

Exterior Feature 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

Porch Patio

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 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

Acceptable Financing Cash

Horse Property N

Listing Terms Cash

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Listed by The Ave Collective

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

6602 N 40TH Street Paradise Valley, AZ 85253