6602 N 40th Street Paradise Valley, AZ 85253
Listing Courtesy of: Arizona Regional MLS / Better Homes And Gardens Real Estate S.J. Fowler / Jennifer Wright

  6602 N 40th Street Paradise Valley, AZ 85253

Active (17 Days)
$3,888,800
5
BED
5
BATH
6,173
SQFT

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!

MLS #:
6816774
Taxes
$9,356
Lot Size
1.08 acres
Type
Single-Family Home
Year Built
1962
Style
Santa Barbara/Tuscan
County
Maricopa County

Listed By

Jennifer Wright, Better Homes And Gardens Real Estate S.J. Fowler
Source
Arizona Regional MLS
Last checked Feb 23 2025 at 3:27 PM GMT+0000
Bathroom Details
Interior Features
  • Separate Shwr & Tub
  • Full Bth Master Bdrm
  • Bidet
  • Pantry
  • Kitchen Island
  • Vaulted Ceiling(s)
  • 9+ Flat Ceilings
Lot Information
  • Irrigation Back
  • Irrigation Front
  • Desert Front
  • Desert Back
Property Features
  • Fireplace: Gas
  • Fireplace: Exterior Fireplace
  • Fireplace: 1 Fireplace
Heating and Cooling
  • Ceiling
  • Natural Gas
  • Energy Star Qualified Equipment
  • Refrigeration
Pool Information
  • Private
  • Heated
Flooring
  • Wood
  • Tile
Exterior Features
  • Block
  • Stone
  • Stucco
  • Painted
  • Roof: Foam
Utility Information
  • Sewer: Septic Tank
School Information
  • Elementary School: Kiva Elementary School
  • Middle School: Mohave Middle School
  • High School: Saguaro High School
Stories
  • 1.00000000
Living Area
  • 6,173 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Listing Data Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All Rights reserved
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 2/23/25 07:27.