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$475,000

Beds
2
Baths
2.0
sq ft
1,350

16241 South 40th Way, Phoenix, AZ 85048

16241 South 40th Way

Phoenix, AZ 85048

  • 24 days on market
    • Price drop $25,000↓
Welcome to this charming, well cared for single level home in Ahwatukee featuring an open floor plan with vaulted ceilings, split floorplan and oversized master bedroom! This home has been thoughtfully updated throughout and is awaiting its new owner! Enjoy complete privacy in your backyard with no neighbors behind you while you soak in your hot tub! Just a few other things you will love about this move-in ready home: Wood lookalike tile, quartz countertops, updated kitchen cabinets, updated bathroom vanities and only a year old HVAC unit!

Details

Property type

Single Family Residence

Est. home value

$429,215

Lot size

5,110 sq ft

Price per sq ft

$352

Year built

1992

Annual property taxes

$1,914

Monthly HOA fee

$72.74

Price History

02/07/2025
ArizonaRegional

ArizonaRegional #6812748

Listed
$475,000
+97.92%
04/21/2017
ArizonaRegional

ArizonaRegional #5578582

Sold
$240,000

Schools & Community

Neighborhood: 

Ahwatukee Foothills

Elementary school: 

Kyrene Monte Vista School

Middle school: 

Kyrene Akimel A-Al Middle School

High school: 

Desert Vista High School

Community features: 

Playground, Sidewalks

High school district: 

Tempe Union High School District

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$195,415
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$241,585
Cash to seller
$195,415

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

The Federal Savings Bank

Loan start date

July 2021

Original loan amount

$262,000

Est. remaining balance

$241,585

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Michael D Peacock and Kathleen M Peacock

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 03/04/2025 at 12:20 AM

Listing updated: 02/07/2025 at 11:15 AM

Listed by: Michael Anderson, eXp Realty Phone #: (480) 722-9800

MLS: ArizonaRegional #6812748

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