$4,002 Closing Credit¹
#6718644, Tara Jones, Suzanne M Daniels, Listing Office: Opendoor Brokerage, LLC
#6792091·
Listing Office: West USA Realty·
Listing Agent: Lisa M McDermed·
Listing Office Phone: 602-942-4200
$3,907
closing credit¹
7402 S 40th Ln Phoenix, AZ 85041
$329,000 List price
$3,907
Closing credit¹
3 beds
3 baths
1,616 sqft
0.1 acres
$204 / sqft
House
Property details
About 7402 S 40th Ln
CALLING ALL INVESTORS!!!! Great bones on this one, just needs some elbow grease & minor updating to be a real money maker. Or looking for instant equity in your new home... this is it & plod along making this home your own. Inviting front patio perfect for a porch swing & morning coffee! Inside a spacious great room & dining that opens to kitchen ready with 2 pantries. Upstairs 3 SPACIOUS bedrooms, loft for the kids or home office + the convenient upstairs laundry. Outside is the HUGE pieshaped lot just screaming for a pool, turf & kids playground! Bring on the IDEAS! Located by Cesar Chavez AMAZING park with library, lake, skate park, racquetball, sports fields for baseball & basketball, playgrounds & loads of green grass. Convenient to I10, airport & downtown. Buyer to verify all info.
Highlights
Home typeSingle Family Residence
HeatingNatural Gas
StatusActive
CoolingCeiling Fan(s)
Size1,616 sqft
Lot size0.12 Acres
Year built2001
ParkingElectric Door Opener
MLS #6792091
Garage2 spaces
Summary
- MLS Number: 6792091
- MLS Name: Arizona Regional Multiple Listing Service 2
- Office Name: West USA Realty
- Office Phone: (602) 942-4200
- Office Email: db@westusa.com
- Listing Agent: Lisa M McDermed
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: 2/5/2025, 9:21:12 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
$329,000
7402 S 40th Ln
$3,907
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 26, 2015 | Home Sold | $121,000 |
| Jun 11, 2008 | Home Sold | $151,232 |
| Jul 23, 2001 | Home Sold | $127,040 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $31,720 | $1,629 |
| 2023 | $25,650 | $1,583 |
| 2022 | $18,870 | $1,582 |
| 2020 | $15,870 | $1,543 |
| 2019 | $13,980 | $1,474 |
| 2017 | $11,100 | $1,398 |
History based on county public records data.
Nearby schools
7
Basis Phoenix South
Public Charter KG-5
2.9 mi
•5700 S 19th Ave
4
Riverside Traditional School
Public District PK-4
4.0 mi
•1414 S 51st Ave
3
Asu Preparatory Academy - South Phoenix Intermediate School
Public Charter 3-6
4.3 mi
•5610 S Central Ave
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 $70,769. Residents of Phoenix, AZ typically earn between $35k-100k each year. Most families are married, with kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
25%
<35k
40%
35k-100k
25%
100k-200k
10%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
28%
Single, No Kids
25%
Single, with Kids
16%
Married, No Kids
31%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
24%
<11 yrs old
11%
12-17 yrs old
31%
18-34 yrs old
32%
35-64 yrs old
2%
65+ yrs old
What do the neighbors do for fun?
Soccer
Mexican League Soccer
College Basketball
Where do the neighbors shop?
Burlington
Books-a-Million
Dillards
Where do the neighbors go to eat?
Wingstop
Church's Chicken
Logan's Roadhouse
What do the neighbors drive?
Nissan
Toyota
Hyundai
What do the neighbors listen to?
Christian Adult Contemporary
Adult Hits
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 7402 S 40th Ln
This home is located at 7402 S 40th Ln in Phoenix, AZ and zip code 85041 in the Arlington Estates neighborhood. This 1,616 square foot home, which was built in 2001, sits on a 0.12 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 7, 2024 and is currently priced at $329,000.
Over 128 listings were sold over their listed price in January 2025 in Phoenix, AZ. In the same period over 583 listings were sold below the listed price and 242 listings were sold for the listed price. The inventory of homes for sale in Phoenix, AZ between December and January 2025 increased by 12.9%. While the average time on the market in January 2025 was 74 days, the median list price was $455,485.
From Rocket Homes Real Estate and based on county public records data.