7402 S 40th Lane, Phoenix, AZ 85041
Property image
Property image
OFF MARKET

$312,500

Trulia Estimate
  • 3 Beds
  • 3 Baths
  • 1,616 sqft

7402 S 40th Lane, Phoenix, AZ 85041

Laveen
Est. Refi. Payment $1,904/mo*
Refinance Your Home
Currently Off Market - Sold May 7, 2025 for $320,000

Home Value

Trulia Estimate
$313K
Since last month
Decreased$5K (-1.7%)
Since last year
Decreased$600 (-0.2%)
Since last sale
Decreased$7K (-2.3%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +141% in the last 10 years
MonthEstimated value
2026
September 2026$313K
August 2026$318K
July 2026$316K
June 2026$315K
May 2026$314K
April 2026$312K
March 2026$313K
February 2026$316K
January 2026$316K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
7413 S 40TH Avenue, Phoenix, AZ
0.13
Single-Family Home
$345,000
01/09/26
3
2.5
2,061
3918 W PARK Street, Phoenix, AZ
0.19
Single-Family Home
$365,000
06/30/26
3
2.5
1,865
7218 S 40TH Lane, Phoenix, AZ
0.11
Single-Family Home
$415,500
03/04/26
4
2.5
2,483
3739 W CARTER Road, Phoenix, AZ
0.40
Single-Family Home
$370,000
04/20/26
3
2.5
1,764
3818 W CARSON Road, Phoenix, AZ
0.35
Single-Family Home
$353,000
08/31/26
4
2.5
1,714
4126 W IRWIN Avenue, Phoenix, AZ
0.21
Single-Family Home
$343,000
09/26/25
4
2.5
2,103
6817 S 40TH Lane, Phoenix, AZ
0.27
Single-Family Home
$252,430
07/29/26
3
2
1,729
6922 S 38TH Lane, Phoenix, AZ
0.35
Single-Family Home
$365,000
03/18/26
4
2.5
2,168
4337 W IRWIN Road, Laveen, AZ
0.40
Single-Family Home
$349,000
06/18/26
3
2
1,545

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
7245 S 41ST Drive, Phoenix, AZ 85041
0.03
$398,000
4
3
2,103
For Sale
7234 S 41ST Drive, Phoenix, AZ 85041
0.06
$399,900
4
2.5
2,238
For Sale
4125 W PARK Street S, Phoenix, AZ 85041
0.07
$375,400
4
3
1,519
Off Market
4129 W PARK Street, Phoenix, AZ 85041
0.08
$389,500
4
3
2,103
Off Market
7422 S 40TH Lane, Phoenix, AZ 85041
0.05
$397,700
4
3
2,238
Off Market
7223 S 41ST Lane, Phoenix, AZ 85041
0.10
$389,800
5
3
2,238
Off Market
4014 W Pollack Street, Phoenix, AZ 85041
0.07
$384,500
3
2.5
2,093
Off Market
7217 41ST Drive, Phoenix, AZ 85041
0.11
$489,800
4
3
2,500
Off Market
7218 S 40TH Lane, Phoenix, AZ 85041
0.11
$415,500
4
2.5
2,483
Recently Sold
4106 W CARTER Road, Phoenix, AZ 85041
0.13
$357,800
3
3
1,519
Off Market
4010 W ARLINGTON Circle, Phoenix, AZ 85041
0.09
$390,900
3
2
1,625
Off Market

Local Information

  • Map ViewExplore the area around 7402 S 40th Lane.
  • Schools7 Preschool Schools9 Elementary Schools9 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2001
1,616 sqft
$193/sqft
Garage
HOA $80/mo

About this House

What's unique:Large eat-in kitchenConvenient half bathOversized lotSpacious bedrooms
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.
7402 S 40th Lane, Phoenix, AZ 85041 is a 3 bedroom, 3 bathroom, 1,616 sqft single-family home in Laveen, built in 2001. It last sold for $320,000 on May 7, 2025 (3% below the $329,000 asking price). More recently, it was listed as a rental in November 2024 with an asking price of $1,925 per month. That rental listing was removed on December 6, 2024. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $312,500, with a rent estimate of $2,042/month.
Last check for updates: about 8 hours ago
Listed by Lisa M McDermed, (602) 375-3300
West USA Realty
Bought with: Jason Ng, (623) 499-9988, Keller Williams Arizona Realty
Source: ARMLS, MLS#6792091
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Home Details for 7402 S 40th Lane

Interior Features

Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 3
Dimensions and Layout
Living Area: 1616 Square Feet
Heating & Cooling
Heating: Natural GasHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Spa: None
Windows, Doors, Floors & Walls
Flooring: Carpet, Tile
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Floors: Carpet, Tile

Exterior Features

Exterior Home Features
Roof: TilePatio / Porch: PatioFencing: BlockNo Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Open Parking Spaces: 2No CarportHas a GarageHas Open ParkingParking Spaces: 4Parking: Garage Door Opener
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Not Allowed to Raise Horses

Days on Market

Cumulative Days on Market: 107

Property Information

Year Built
Year Built: 2001
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Stucco, Wood FrameNot Attached Property
Property Information
Parcel Number: 10589529

Price & Status

Price
List Price: $329,000
Status Change & Dates
Off Market Date: Fri Apr 04 2025Possession Timing: By Agreement

Active Status

MLS Status: Closed

Location

Direction & Address
City: PhoenixCommunity: ARLINGTON ESTATES

Building

Building Area
Building Area: 1616 Square Feet

HOA

HOA Fee Includes: Maintenance GroundsHOA Name: Arlington EstatesHOA Phone: 602-437-4777Has an HOAHOA Fee: $80/Monthly

Lot Information

Lot Area: 5197 sqft

Offer

Listing Terms: Cash, Conventional, FHA, VA Loan

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 6792091

Price and Tax history

DateEventPrice
May 7, 2025
Source: ARMLS #6792091
Sold
$320,000
Apr 5, 2025
Source: ARMLS #6792091
Pending
$329,000
Mar 31, 2025
Source: ARMLS #6792091
PendingToActive
$329,000
Mar 19, 2025
Source: ARMLS #6792091
Pending
$329,000
Jan 4, 2025
Source: ARMLS #6792091
PriceChange
$329,000
Price decreased by 6%

Market trends in Laveen

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$423K
$1.79KMoM
Sale-to-List Price
99.9%
Price per sq ft
$216
$4MoM
Available listings
312
2MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Laveen
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Laveen

At least 463 Trulia users voted on each feature.

  • 90 % Say there are sidewalks

  • 88 % Say yards are well-kept

  • 84 % Say car is needed

  • 82 % Say parking is easy

  • 81 % Say it's dog friendly

  • 69 % Say there's holiday spirit

  • 67 % Say it's quiet

  • 67 % Say streets are well-lit

  • 66 % Say kids play outside

  • 59 % Say people would walk alone at night

  • 54 % Say they plan to stay for at least 5 years

  • 47 % Say neighbors are friendly

  • 43 % Say it's walkable to grocery stores

  • 38 % Say it's walkable to restaurants

  • 34 % Say there's wildlife

  • 31 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Peter.fron
    "They would like the little parks in the neighborhood"
    0
    Flag
  • Munda Asante
    "Kid friendly but still very quiet neighborhoods decorate for the holidays. Neighbor stayed to themselves, but still look out for one another."
    0
    Flag
  • Whgyyw49tb
    "Lots of dog owners,pet cleanup stations with baggies provided. Several green belt areas for them to be walked on"
    3
    Flag
  • Trulia User
    "it's a mix of older homes, with subdivisions being built. Most people keep to themselves and there aren't many children young enough to go trick or treating. Most people take excellent care of there dogs, occasionally one slips out of the fenced yard. Owner is normally out searching as soon as they realize it's out."
    7
    Flag
  • Trulia User
    "very quiet and peaceful, very little crime and you feel safe in your home. people are courteous while out with their pets. you will see ranchers out riding horses and many people ride by on their mountain bikes ti go up South Mountain. "
    1
    Flag
  • Trulia User
    "plenty of space to walk them and dog park located in the central area of our rural village. dog owners are very friendly. there are 2 sides to the dog park, small side and large side. "
    0
    Flag
  • Brittanymyself3
    "There are many parks in the neighborhood. There are also some fenced dog parks. Other dogs and dog owners seem friendly. "
    2
    Flag
  • SheriLynn A.
    "There are several clean grassy area to walk your dog to but, be careful because dogs often break out of their yards some how. People are often seeking lost dogs. "
    2
    Flag
  • Maria F. H.
    "great place to live, friendly neighbors, pet friendly. Quiet, peaceful. Near 202 highway means easy to go everywhere "
    10
    Flag
  • Anne M.
    "Tons of families, events, school choices, annual events like town BBQ, Xmas stuff, farmers markets, town dairy and great people. "
    2
    Flag
  • Josie M.
    "A lot of people gather around makes you feel comfortable. Very friendly too, will just come up to you and chat, "
    3
    Flag
  • Krishonda H.
    "I always see people walking their dogs it is very dog friendly city very quiet and I don’t see or hear about a lot of crime"
    0
    Flag
  • Shelli C.
    "great neighborhood. good schools and parks. plenty is shopping areas and close to freeways. the area is growing quickly. Many new developments under construction. only drawback is the property taxes are high. "
    0
    Flag
  • Maria F. H.
    "Nice and peaceful. People are good. 202 expressway added a fast way to commute with other places. Stor es are nearby everywhere you need. "
    10
    Flag
  • Shelli C.
    "great family neighborhood close to freeway and many activities good schools however property taxes are too high in comparison to other similar suburbs overall I like living here "
    0
    Flag
  • Shelli C.
    "great access to freeways and downtown. new 202 freeway is just outside the neighborhood. it provides quick access to much of the valley "
    0
    Flag
  • Meliisipad
    "Schools are great in the area, close by and the parks are well maintained. Area is nice not a lot of traffic in the area . "
    0
    Flag
  • Cecy M.
    "Turkey Trot, close knit community. neighbors always willing to help one another in times of need. Different events throughout the year for the entire family. different animal groups that help lost pets or help with foster or rehoming "
    0
    Flag
  • Unique J.
    "Great to live here same as any other neighborhood. You still need to be responsible for your kids and keep a close watch on them"
    1
    Flag
  • Fallon J.
    "I'm a dog owner and I love that there are lots of grass fields for them to play in. also they have poop bag dispensers. "
    0
    Flag
  • Jesus I. V.
    "very nice and clean I definitely recommend people this beautiful area.................................. "
    0
    Flag
  • Jeanette R.
    "I use public transportation. It’s not very good. It IS better than nothing. Sometimes I drive. The drive is GREAT now that the 202 is open!!!!!"
    1
    Flag
  • Jonathan U.
    "Family orientated neighborhood with very good access to parks and sidewalk. Nice new homes that are pretty big and is very close to shopping centers on 51st Ave. and baseline. The new 202 freeway is nearby which allows access to other freeways. There’s a casino of 51st Ave. that is lit and lastly downtown Phoenix and Tempe is less than 15 miles away ."
    1
    Flag
  • Gabyyy M.
    "It’s a bad area here. Don’t come there’s been multiple robberies and the teenagers here act out all the time. "
    18
    Flag
  • Jazmine R.
    "Very friendly neighborhood, you see lots of dogs all the time around the area. Very friendly I would definitely recommend "
    1
    Flag
  • Livyrehmert
    "It is gated and has a great pond with ducks and geese. It is a nice, clean, safe community. The new freeway seems to have helped cut down on traffic. Most neighborhoods are new. There are also some horse properties that add so much character to this area."
    8
    Flag
  • Tinaszootoo
    "This neighborhood is developing nicely. We are getting more shopping renters and easy access to major roadways like route 202. "
    11
    Flag
  • Anon
    "Laveen is a 47 sq mile area in South Phx (South Mountain) & has a horrible crime history. Please pull official crime stats from Phoenix Police. I've lived here for 6 yrs. It calmed down between 2015-2017 a bit, however, it now is a terrifying place to live. Over the last yr and half it has exploded with violent crime. Armed home invasions, armed carjacking in driveways & more. Don't move here if u have children. It also has some of the worst schools in Arizona. I'm escaping in the spring. "
    19
    Flag
  • LaveenNeighborTina
    "I really don’t participate in community events but I do see sights for festivals and things like that a few times per year. "
    1
    Flag
  • Mluck08
    "The area is perfect for families, it’s quiet , the people in the neighborhood are very friendly and i really enjoy it"
    0
    Flag
  • Kym_corn11
    "I drive to work but there is bus transportation close by and convenient as well. I see plenty of bus stops many of people walking and using the public transportation. "
    2
    Flag
  • Judie
    "At Halloween the neighborhood kids congregate at one house, the parents potluck and pass out candy from driveway area. "
    2
    Flag
  • Anon
    "You would have to be insane to pay over $230k for ANYTHING in Laveen (47 mile area in South Phoenix) without massive acreage in this area. First, this was known gang territory for decades. There was an attempt to develop this area pre-crash, however, once the crash happened virtually all homes down here were turned into Section 8 or other low-cost rentals. Investors and realtors are driving up the costs down here (driven by California population influx) and it's not sustainable. Wages in Phx are not keeping pace at all. Moreover, the criminal element has never left. Pull crime stats report from Phoenix Police. Many areas originally slotted for re-development haven't been touched and are just drowning in crime and drugs adjacent to the newer communities. Sadly, I am seeing a lot of people who recently purchased down here with for sale signs in their yards less than a yr after purchasing down here. Laveen schools are some of the worst for Arizona. Laveen continues to be a dangerous place; the crime simply persists down here and this area is ripe for a housing market correction. Save yourself...look in Goodyear/Litchfield for the West Valley, Anthem for Phoenix proper, or Gilbert/Mesa East Valley for comparable pricing but much safer places for you and/or your family. "
    0
    Flag
  • Gregory J. H.
    "neat and clean living. kid friendly with nearby shopping for immediate basic needs. shopping mall are 11 miles away in Tempe. "
    1
    Flag
  • Thrver4life
    "There are lots of kids, schools and a nice park with fishing and playgrounds and a golf course. There is also a really nice library. "
    0
    Flag
  • Thrver4life
    "There is a nice park and library. There are lots of store options and gas stations. There are many fast food options to select from."
    0
    Flag
  • Carletons5
    "It is still rural yet close to freeways and shopping. New freeway will be completed in the area in 2019 as will a new mall and theatre that will be within walking distance"
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 7402 S 40th Lane

  • What is 7402 S 40th Lane estimated to be worth?
    Trulia's estimated value for 7402 S 40th Lane in Phoenix, AZ is $312,500.
  • What is the price history for 7402 S 40th Lane?
    7402 S 40th Lane in Phoenix, AZ last sold for $320,000 in May 2025.
  • Is Phoenix a buyer's or seller's market?
    Phoenix is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Phoenix?
    The median sale price in Phoenix is $423K. That is down $1.79K from the prior month.
  • Does 7402 S 40th Lane have air conditioning?
    Yes, 7402 S 40th Lane in Phoenix, AZ has air conditioning.
  • How big is the lot at 7402 S 40th Lane?
    The lot at 7402 S 40th Lane in Phoenix, AZ is about 0.12 acres (5,197 sq ft).

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Off Market Homes Near 7402 S 40th Lane

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