Backup offers
#6814520, Judith Feuer Zimet, Listing Office: Compass
$3,500,000 List price
6602 N 40th St Paradise Valley, AZ 85253
5 beds
5 baths
6,173 sqft
1.1 acres
$567 / sqft
House
Property details
About 6602 N 40th St
**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
Highlights
Home typeSingle Family Residence
HeatingENERGY STAR Qualified Equipment, Natural Gas, Ceiling
StatusActive
CoolingENERGY STAR Qualified Equipment
Size6,173 sqft
Lot size1.08 Acres
Year builtNew Const., 1962
MLS #6816774
Garage3 spaces
Fireplace1 Fireplace, Exterior Fireplace, Gas
Private poolYes
Summary
- MLS Number: 6816774
- MLS Name: Arizona Regional Multiple Listing Service 2
- Office Name: The Ave Collective
- Office Email: elizabeth@theavecollective.com
- Listing Agent: Jennifer Wright
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 3:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$3,500,000
6602 N 40th St
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 11, 2024 | Home Sold | $2,375,000 |
| Feb 12, 1993 | Home Sold | $374,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $243,600 | $8,626 |
| 2023 | $183,220 | $8,250 |
| 2022 | $140,080 | $8,808 |
| 2020 | $144,010 | $8,956 |
| 2019 | $122,550 | $8,284 |
| 2017 | $123,350 | $8,383 |
History based on county public records data.
Nearby schools
6
Madison Heights Elementary School
Public District PK-4
2.4 mi
•7150 N 22nd St
9
Hopi Elementary School
Public District KG-5
3.0 mi
•5110 E Lafayette Blvd
10
Cherokee Elementary School
Public District EE-5
3.0 mi
•8801 N 56th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $216,999. The majority of Paradise Valley, AZ residents have income $200k+ annually. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
7%
<35k
16%
35k-100k
24%
100k-200k
53%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
22%
Single, No Kids
4%
Single, with Kids
54%
Married, No Kids
20%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
8%
12-17 yrs old
7%
18-34 yrs old
45%
35-64 yrs old
29%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Skiing/snowboarding
Men's Tennis
Where do the neighbors shop?
Stein Mart
BJs Wholesale Club
Bloomingdales
Where do the neighbors go to eat?
Cracker Barrel
Panera
Bob Evans
What do the neighbors drive?
Lexus
Infiniti
Lincoln
What do the neighbors listen to?
Oldies
Adult Hits
News/Talk/Information
All data provided by Home Junction and Claritas
Similar homes for sale
#6698002, Marilyn Cavanaugh, James Cavanaugh, Listing Office: The Agency
#6797978, Chris Anthony Castillo, Listing Office: CPA Advantage Realty, LLC
#6768639, Gracie Sawyer, Listing Office: HomeSmart
Backup offers
#6783567, Maximilian Schopen De Melo, Patrick Niederdrenk, Listing Office: America One Luxury Real Estate
#6765766, Nickie Verdugo, Listing Office: My Home Group Real Estate
3D tour
#6788982, Frank Aazami, Bill Bulaga, Listing Office: Russ Lyon Sotheby's International Realty
#6780847, Ellen S Lindzon, Beth Jo Zeitzer, Listing Office: R.O.I. Properties
#6805445, Libby Cohen, Julie Rohr, Listing Office: RETSY
Backup offers
#6803579, Scott A Jarson, Deborah S Jarson, Listing Office: AZArchitecture/Jarson & Jarson
Frequently asked questions
About 6602 N 40th St
This home is located at 6602 N 40th St in Paradise Valley, AZ and zip code 85253 in the Lincoln Heights neighborhood. This 6,173 square foot home, which was built in 1962, sits on a 1.08 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since February 7, 2025 and is currently priced at $3,500,000.
Over 2 listings were sold over their listed price in February 2025 in Paradise Valley, AZ. In the same period over 30 listings were sold below the listed price and 4 listings were sold for the listed price. The inventory of homes for sale in Paradise Valley, AZ between January and February 2025 increased by 14%. While the average time on the market in February 2025 was 74 days, the median list price was $3,412,500.
From Rocket Homes Real Estate and based on county public records data.