ASSUMABLE 5.5% INTEREST RATE! Like-New 2022 Single-Story 4-Bedroom Home in The Lakes at Rancho El Dorado
40945 W Hillman Drive offers move-in ready single-level living in the desirable The Lakes at Rancho El Dorado community of Maricopa. This 2022-built DR Horton home features 4 bedrooms, 2 bathrooms, and 1,882 square feet on a low-maintenance lot, currently priced at $369,000. The standout opportunity is the assumable 5.5% conventional interest rate--a rare financing advantage that makes this home highly attractive in today's market.
Inside, the open-concept layout features 9+ ceilings and durable tile flooring throughout. The kitchen is designed for both everyday use and entertaining, with quartz countertops, a large kitchen island, walk-in pantry, gas range and cooktop. built-in microwave, and reverse osmosis water system. Additional upgrades include an owned water softener with soft water loop, dual-pane windows, ceiling fans, and high-speed internet readiness. The primary bedroom is located on the main level and includes a full bathroom with double vanity, private toilet room, and oversized walk-in shower. A leased security system and inside laundry with washer/dryer hookups add convenience.
The backyard is a true highlight for buyers seeking low-maintenance living. It features synthetic artificial grass, a covered patio perfect for outdoor dining or relaxing, irrigation with auto timers, and block fencing for privacy. The front yard includes gravel/stone landscaping. There is no private pool or spa, keeping upkeep simple. The home also includes a 2-car attached garage with opener.
Located in Rancho El Dorado Phase III Parcel 59, this property offers convenient access to community amenities including a lake and playground, plus nearby schools (Maricopa Elementary, Desert Wind Middle, and Maricopa High). The HOA is just $91 per month. The home is freshly maintained, move-in ready, and priced below the average for similar 4-bedroom homes in the area.
This nearly new single-story home combines style, comfort, practical upgrades, and the benefit of an assumable low-rate mortgage. Don't miss the opportunity to own this beautiful, low-maintenance property in The Lakes at Rancho Dorado.
For sale
Price cut: $1K (10/14)
$369,000
40945 W HILLMAN Drive, Maricopa, AZ 85138
4beds
1,882sqft
Single Family Residence
Built in 2022
5,493 Square Feet Lot
$-- Zestimate®
$196/sqft
$91/mo HOA
What's special
High-speed internet readinessOpen-concept layoutLow-maintenance lotPrivate toilet roomBuilt-in microwaveWalk-in pantryGas range and cooktop
- 54 days
- 169
- 14
Zillow last checked:
Listing updated:
Listed by:
Neil Brooks 602-574-1111,
My Home Group Real Estate,
Shelle Osornio 480-621-2747,
My Home Group Real Estate
Source: ARMLS,MLS#: 7073504

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Water Softener Owned, Reverse Osmosis, Built-in Microwave, Disposal, Gas Range, Gas Cooktop
- Laundry: Inside
Features
- Pantry, Quartz Countertops, High Speed Internet, Double Vanity, Other, Master Downstairs, 9+ Flat Ceilings, Kitchen Island, Full Bth Master Bdrm
- Flooring: Tile
- Windows: Double Pane Windows
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,882
- Total interior livable area: 1,882 sqft
Property
Parking
- Total spaces: 4
- Parking features: Attached, Garage Door Opener
- Attached garage spaces: 2
- Uncovered spaces: 2
Features
- Stories: 1
- Patio & porch: Covered, Patio
- Spa features: None
- Fencing: Block
Lot
- Size: 5,493 Square Feet
- Features: Sprinklers In Rear, Sprinklers In Front, Gravel/Stone Front, Synthetic Grass Back, Auto Timer H2O Front, Auto Timer H2O Back, Irrigation Front, Irrigation Back
Details
- Parcel number: 51246620
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stucco, Wood Frame
- Foundation: Slab
- Roof: Tile
Condition
- Year built: 2022
Details
- Builder name: DR Horton
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Lake, Near Bus Stop, Playground
- Security: Security System Leased
- Subdivision: THE LAKES RANCHO EL DORADO PHASE III PARCEL 59
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds
- HOA fee: $91 monthly
- HOA name: The Lakes
- HOA phone: 480-921-7500
Location
- Region: Maricopa
Financial & listing details
- Price per square foot: $196/sqft
- Tax assessed value: $348,426
- Annual tax amount: $2,516
- Date on market: 9/1/2026
- Cumulative days on market: 54 days
- Listing terms: VA Loan,Cash,Conventional,FHA
- Ownership: Fee Simple
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/14/2026 | Price change | $369,000-0.3%$196/sqft |
Source: | ||
| 9/21/2026 | Price change | $370,000-2.4%$197/sqft |
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| 9/19/2026 | Price change | $379,000-1.6%$201/sqft |
Source: | ||
| 9/13/2026 | Price change | $385,000-2.5%$205/sqft |
Source: | ||
| 9/10/2026 | Price change | $394,900-1.3%$210/sqft |
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| 8/31/2026 | Listed for sale | $399,900-1.3%$212/sqft |
Source: | ||
| 8/18/2023 | Sold | $405,000+1.3%$215/sqft |
Source: Public Record Report a problem | ||
| 6/26/2023 | Pending sale | $399,990$213/sqft |
Source: | ||
| 6/26/2023 | Listed for sale | $399,990$213/sqft |
Source: | ||
| 6/26/2023 | Pending sale | $399,990$213/sqft |
Source: | ||
| 5/4/2023 | Price change | $399,990-3.5%$213/sqft |
Source: | ||
| 4/18/2023 | Price change | $414,615+0.2%$220/sqft |
Source: | ||
| 4/11/2023 | Price change | $413,615+0.2%$220/sqft |
Source: | ||
| 3/23/2023 | Listed for sale | $412,615$219/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $2,516 +3.6% | $34,842 +4.7% |
| 2025 | $2,429 +1921.2% | $33,263 -13.7% |
| 2024 | $120 +2.5% | $38,548 +249.1% |
| 2023 | $117 -2% | $11,042 +636.1% |
| 2022 | $120 +4.4% | $1,500 +42.9% |
| 2021 | $115 +2.8% | $1,050 +100% |
| 2020 | $111 -0.2% | $525 -6.3% |
| 2019 | $112 +2.4% | $560 |
| 2018 | $109 +9% | $560 |
| 2017 | $100 | $560 |
| 2016 | -- | -- |
| 2014 | -- | $448 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Rancho el Dorado
Nearby schools
Schools provided by the listing agent
- Elementary: Maricopa Elementary School
- Middle: Desert Wind Middle School
- High: Maricopa High School
- District: Maricopa Unified School District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





