16223 N 40TH Place, Phoenix, AZ 85032, Phoenix AZ 85032
OPPORTUNITY IS CALLING! EXCEPTIONAL 5-bedroom, 3-bath home in Phoenix, Arizona! This home offers approximately 3,000 sq. ft. and sits on a premium 1 acre lot with breathtaking mountain views! Enjoy the space this property has to offer, complete with a private swimming pool, circular driveway, and attached 2-car garage. Inside, you'll find freshly stained concrete flooring throughout, ceiling fans, a cozy fireplace in the living room, and a beautifully updated kitchen featuring gray painted cabinetry and stainless steel appliances. Ideally located near SR-51 and Loop 101 with quick access to sh
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Phoenix
This property is offered at $429 per square foot, compared with a $273 median for active five-or-more-bedroom homes in Phoenix. Its asking price falls near the 67th percentile of that active group. The comparison uses 693 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $650,000, and the median is $329 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 4075 E PARADISE Lane 17, Phoenix, AZ 85032 | Jun 8, 2026 | — | $425,000 | 0.1 mi |
| 16436 N 40TH Place, Phoenix, AZ 85032 | May 29, 2026 | 4 bd · 1,844 sqft | $990,000 | 0.2 mi |
| 3861 E KINGS Avenue, Phoenix, AZ 85032 | Apr 9, 2026 | 3 bd · 2,292 sqft | $655,000 | 0.3 mi |
| 16243 N 38TH Way, Phoenix, AZ 85032 | May 1, 2026 | 3 bd · 1,713 sqft | $645,000 | 0.3 mi |
| 16231 N 38TH Way, Phoenix, AZ 85032 | Sep 16, 2026 | 3 bd · 1,627 sqft | $535,500 | 0.3 mi |
| 4310 E KINGS Avenue, Phoenix, AZ 85032 | Jul 9, 2026 | 4 bd · 3,695 sqft | $1,625,000 | 0.3 mi |
| 16617 N 43RD Street, Phoenix, AZ 85032 | Jun 12, 2026 | 3 bd · 2,120 sqft | $695,000 | 0.4 mi |
| 16401 N 37TH Place, Phoenix, AZ 85032 | Aug 31, 2026 | 4 bd · 1,776 sqft | $407,500 | 0.4 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $1,265,000 · Active
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Similar active homes in Phoenix
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