6602 N 40TH Street Active Save Request In-Person Tour Request Virtual Tour
Paradise Valley,AZ 85253
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
Year Built 1962
Annual Tax Amount $9,356
Tax Year 2024
Lot Size 1.080 Acres
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
Rooms
Other Rooms BonusGame Room
Interior
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
Exterior
Exterior Feature Patio,Storage,Built-in Barbecue
Garage Spaces 3.0
Garage Description 3.0
Fence Block,Wrought Iron
Pool Heated,Private
Amenities Available None
Roof Type Foam
Building
Lot Description Desert Back,Desert Front,Irrigation Front,Irrigation Back
Story 1
Builder Name Saddlewood
Sewer Septic Tank
Water Pvt Water Company
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