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Sold for $500,000
  • $500,000

    31220 N 40TH Place, Cave Creek, AZ 85331

    3beds
    1,535sqft
    Single Family Residence
    Built in 1994
    4,526 Square Feet Lot
    $507,300 Zestimate®
    $326/sqft
    $2,747 Estimated rent

    Home value

    $507,300

    $482,000 - $533,000

    $2,747/mo

    Zestimate® history
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    What's special

    This stunning home in highly sought-after Tatum Ranch has been updated with a new modern exterior paint palette and a NEW ROOF. Step inside to find soaring vaulted ceilings, new LVP flooring throughout, and an open layout designed for entertaining. The kitchen features new quartz counters, a spacious island, and stainless steel appliances, while plantation shutters add character. The living room offers a cozy gas fireplace with updated surround and built-in sound system. Retreat to your backyard oasis with a sparkling pool, elevated patio, and mountain views. . The garage features epoxy flooring and abundant storage. Steps from a community park, minutes to top-rated schools, golf, hiking, shopping, and dining.

    Zillow last checked:

    Listing updated:

    Listed by:

    Evan Carr 480-221-9252,

    Realty ONE Group

    Bought with:

    Michael Henderson, SA655563000

    HomeSmart

    Source: ARMLS,MLS#: 6957153MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Electric
    Cooling
    • Central Air, Ceiling Fan(s)
    Features
    • High Speed Internet, Double Vanity, Eat-in Kitchen, Breakfast Bar, Vaulted Ceiling(s), Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
    • Flooring: Tile
    • Has basement: No
    Interior area
    • Total structure area: 1,535
    • Total interior livable area: 1,535 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage Door Opener, Attch'd Gar Cabinets
    • Garage spaces: 2
    Features
    • Stories: 1
    • Patio & porch: Covered, Patio
    • Has private pool: Yes
    • Pool features: Play Pool
    • Spa features: None
    • Fencing: Block
    Lot
    • Size: 4,526 Square Feet
    • Features: Borders Preserve/Public Land, Sprinklers In Rear, Sprinklers In Front
    Details
    • Parcel number: 21162359

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Stucco, Wood Frame
    • Roof: Tile,Concrete
    Condition
    • Year built: 1994

    Utilities & green energy

    • Electric: 220 Volts in Kitchen
    • Sewer: Public Sewer
    • Water: City Water

    Community & HOA

    Community
    • Subdivision: TATUM RANCH PARCEL 9A
    HOA
    • Has HOA: Yes
    • Services included: Maintenance Grounds
    • HOA fee: $107 quarterly
    • HOA name: Tatum Ranch
    • HOA phone: 480-222-2222
    Location
    • Region: Cave Creek

    Financial & listing details

    • Price per square foot: $326/sqft
    • Tax assessed value: $409,100
    • Annual tax amount: $1,557
    • Date on market: 11/4/2025
    • Cumulative days on market: 78 days
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Ownership: Fee Simple
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    1/21/2026Sold$500,000-3.7%$326/sqft
    Source: ARMLS #6957153 Report a problem
    12/13/2025Listed for sale$519,000+9.3%$338/sqft
    Source: ARMLS #6957153 Report a problem
    11/12/2025Listing removed$475,000$309/sqft
    Source: ARMLS #6929183 Report a problem
    10/20/2025Price change$475,000-4%$309/sqft
    Source: ARMLS #6929183 Report a problem
    10/4/2025Listed for sale$495,000+56.6%$322/sqft
    Source: ARMLS #6929183 Report a problem
    9/11/2025Sold$316,000-17.4%$206/sqft
    Source: Public Record Report a problem
    5/16/2006Sold$382,500+56.3%$249/sqft
    Source: ARMLS #2463446 Report a problem
    8/13/2004Sold$244,675+22.8%$159/sqft
    Source: Public Record Report a problem
    3/16/2004Sold$199,300+18%$130/sqft
    Source: Public Record Report a problem
    6/22/2001Sold$168,900+3%$110/sqft
    Source: Public Record Report a problem
    2/13/2001Sold$164,000+10.8%$107/sqft
    Source: Public Record Report a problem
    7/2/1999Sold$148,000+30.8%$96/sqft
    Source: Public Record Report a problem
    12/20/1993Sold$113,193$74/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,468 +1.7%$40,910 -5.6%
    2024$1,444 +3%$43,350 +81.8%
    2023$1,403 -0.6%$23,844 -8%
    2022$1,412 -3.9%$25,920 +5.3%
    2021$1,470 +3.7%$24,620 +11.9%
    2020$1,418 +4.1%$22,010 +0.3%
    2019$1,362 $21,950 -1%
    2018$1,362 +3.8%$22,180 +5.1%
    2017$1,312 +12.5%$21,110 +2.8%
    2016$1,167 +7.3%$20,530 +0.2%
    2015$1,087 $20,480 +33.2%
    2014-- $15,370 +6.1%
    2013-- $14,480
    2012-- $14,480 -7%
    2011-- $15,570 -18.2%
    2010-- $19,030 -22.2%
    2009-- $24,470 -12%
    2008-- $27,800 +7.8%
    2007-- $25,800 +62.8%
    2006-- $15,850
    2005-- $15,850 +12.4%
    2004-- $14,100
    2003-- $14,100 +27%
    2002-- $11,100
    Find assessor info on the county website

    Neighborhood: Desert View

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Desert Willow Elementary School
    • Middle: Sonoran Trails Middle School
    • High: Cactus Shadows High School
    • District: Cave Creek Unified District

    Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $507,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $507,300