8243 S 40TH Street, Phoenix, AZ 85042 (MLS# 6317799)

8243 S 40TH Street, Phoenix, AZ 85042

$600,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,435 Lot Size (sq. ft.): 20,316 Status: Closed

Current Price: $600,000 Last Modified: 8/31/2026

Overview

Description

Multiple opportunities Near 1/2 scre lot on Phoenix Mountain Preserve at the base of South Mountain fix and flip- Renovate and repair property for a profit Build 2-3 homes by splitting the lot Seller: Willing to be creative with lease option/Tenant makes repairs with intent to purchase. 100k non refundable deposit required $6000 month rent This is a great floor plan with split master suite, open kitchen to great room, interior laundry huge RV parking and back yard on preserve side and 4 car detached RV garage on the North Side of the property perfect to convert to guest house or potential home base business.

Listing Details MLS# 6317799

Location, Tax & Legal

Map Code/Grid: S36
House Number: 8243
Compass: S
Street Name: 40TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85042
Country: US
County Code: Maricopa
Assessor Number: 301-19-023
Subdivision: HANCOCK PARK
Tax Year: 2020
Assessor's Map #: 19
Legal Description (Abbrev): LOT 23 HANCOCK PARK MCR 003703
Assessor's Parcel #: 23
Tax Municipality: Phoenix
Taxes: 2200

Contract Information

Type: Exclusive Right To Sell
Ownership: Fee Simple

General Property Description

Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: Yes
# of Interior Levels: Yes
# Bedrooms: 3
Total Bathrooms: 2
Approx SQFT: 2435
Price/SqFt: 246.41
Horses: N
Builder Name: Unknown
Year Built: 1963
Approx Lot SqFt: 20316
Approx Lot Acres: 0.466
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: Yes
Fireplaces Total: Yes
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Nevitt Elementary School
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School

Remarks Misc

Cross Street: 40th St and Baseline Rd

Status Change Info

Off Market Date: 2021-11-12
Under Contract Date: 2021-11-12
Close of Escrow Date: 2021-12-14

Legal Info

Township: 1S
Range: 4E
Section: 6
Lot Number: 23

More Information

Basement

Basement Y/N: N

Parking Spaces

Garage Spaces: 4
Carport Spaces: 4
Slab Parking Spaces: 4
Total Covered Spaces: 8

Contact Info

List Agent Home Phn: 602-324-0220

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 2000
Seller Concession $/%: $
Buyer Concession to Seller: 0

Special Listing Cond

N/A: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes
Stucco: Yes
Other (See Remarks): Yes

Roofing

Foam: Yes

Association & Fees

HOA Y/N: N
PAD Fee Y/N: N
Land Lease Fee Y/N: N
Ttl Mthly Fee Equiv: 0

Architecture

Other: Yes

Master Bathroom

Full Bth Master Bdrm: Yes
Separate Shwr & Tub: Yes

Master Bedroom

Split: Yes

Additional Bedroom

Separate Bedroom Exit: Yes
Master Bedroom Walk-in Closet: Yes

Fireplace Features

Fireplace Living Rm: Yes

Flooring

Tile: Yes

Window Features

Dual Pane: Yes

Dining Area

Dining in LR/GR: Yes

Heating

Electric: Yes

View

Mountain(s): Yes

Kitchen Features

Dishwasher: Yes
Built-in Microwave: Yes
Pantry: Yes
Range/Oven Elec: Yes
Electric Cooktop: Yes
Granite Counters: Yes

Cooling

Central Air: Yes

Interior Features

Fix-Up Needs Repair: Yes
9+ Flat Ceilings: Yes

Laundry

Inside: Yes

Other Rooms

Great Room: Yes
Separate Workshop: Yes

Separate Den/Office

Sep Den/Office Y/N: Y

Fencing

Wrought Iron: Yes

Water Source

City Water: Yes

Exterior Features

Playground: Yes

Spa

None: Yes

Sewer

Septic-In & Connected: Yes

Parking Features

RV Garage: Yes
RV Gate: Yes
RV Access/Parking: Yes

New Financing

Cash: Yes
Conventional: Yes

Utilities

SRP: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Property Description

Borders Preserve/Public Land: Yes
Corner Lot: Yes
East/West Exposure: Yes

Landscaping

Natural Desert Front: Yes
Natural Desert Back: Yes

Disclosures

Seller Discl Avail: Yes
Agency Discl Req: Yes
Vicinity of an Airport: Yes

Possession

Close of Escrow: Yes

Association Fee Incl

No Fees: Yes

Assoc Rules/Info

None: Yes

Property Features

Special Listing Cond: N/A Architecture: Other View: Mountain(s) Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub Master Bedroom: Split Additional Bedroom: Separate Bedroom Exit; Master Bedroom Walk-in Closet Fireplace Features: Fireplace Living Rm Flooring: Tile Window Features: Dual Pane Spa: None Dining Area: Dining in LR/GR Kitchen Features: Range/Oven Elec; Electric Cooktop; Dishwasher; Built-in Microwave; Pantry; Granite Counters Laundry: Inside Other Rooms: Great Room; Separate Workshop Interior Features: Fix-Up Needs Repair; 9+ Flat Ceilings Exterior Features: Playground Parking Features: RV Access/Parking; RV Garage; RV Gate Construction: Block Const - Finish: Painted; Stucco; Other (See Remarks) Roofing: Foam Cooling: Central Air Heating: Electric Utilities: SRP Water Source: City Water Sewer: Septic-In & Connected Fencing: Wrought Iron Property Description: Borders Preserve/Public Land; Corner Lot; East/West Exposure Landscaping: Natural Desert Front; Natural Desert Back Possession: Close of Escrow Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Disclosures: Seller Discl Avail; Agency Discl Req; Vicinity of an Airport

Listing Office: Real Broker

Last Updated: August - 31 - 2026