33904 N 140th Pl · Scottsdale, AZ 85262

$700,000

4 bd · 4.0 ba · 3,246 sqft · SingleFamily public records · 56 Days on market

Built 2001 1.25 ac lot $216/sqft · at area comps Est $728k · at est.

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +11.1/30.0
• ARV discount +9.2/15.0
• Schools +5.4/10.0
• Livability +4.0/5.0
• DSCR +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity knocks! This spacious 3,246 sqft home offers 4 bedrooms and 2.5 baths on a generous 1.25-acre lot with show stopping views provide the perfect canvas providing the perfect canvas for buyers ready to add their personal touch. The home is in solid condition and has been priced aggressively to reflect the opportunity for cosmetic updates and modernization. Inside, you'll find a functional layout with great bones and ample living space, ideal for reimagining into your dream home. Outside, the fully fenced yard offers privacy and room to expand, with endless potential for landscaping, hardscape features, a pool, shop, or custom outdoor living areas. Home is being sold AS-IS. A pre-listing home inspection has been completed and is available for buyer review upon request, offering added transparency and confidence. Bring your vision and unlock the full potential of this value-packed property on acreage! A portion of the property is in flood zone (SFHA). The property has a FEMA amendment document (file 17-09-0596A-040037.pdf) that removes the structure from the SFHA. An elevation certificate is also on file with Maricopa county (file EC16-269.pdf). Copies of both files are under the documents tab of the MLS.

Key facts

• Fully fenced yard
• Show stopping views
• 1.25 acre lot

Tags

• SHOW STOPPING VIEWS
• FULLY FENCED YARD
• CUSTOM OUTDOOR LIVING AREAS

What this means for you Summary

Snapshot

• This is a 4-bed/4.0-bath single-family listed at $700k.

Deal economics

• At list price, monthly cash flow is $-282 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $650k (7.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $484k (30.8% below list).
• Recommended offer: $484k (30.8% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 2.5% in Scottsdale — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#4 in AZ, #1,756 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, employment A+; Watch: health & safety C-, cost of living F.
• Cave Creek Unified District (4244) (urban): math 57% / reading 59% proficiency, ranked #13 of 249 in AZ (top 5%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 8% free/reduced lunch — higher-income household profile.
• Market conditions: 588 active listings in the ZIP; high-income renter base; 36,011 units permitted in Maricopa County in 2024 (12,801 in 5+ unit buildings).
• This rent runs 33% of the median local income ($178k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $21k of value loss. Plan a longer hold.
• Maricopa County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 56 days — a 3% lower offer ($679k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 23y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $485k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $484,088 (30.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 31% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.69% ✗
• Cap rate: 5.81%
• Cash-on-cash: -1.73%
• DSCR: 0.92
• GRM: 12.1

CMA / ARV

• ARV (median comp): $728,241
• List price: $700,000
• Delta: -3.88%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
33719 N 139th Ter	0.12mi	4/4.0	3,065 (-6%)	7mo	$865,000	$282	79
13814 E Yolantha St	0.24mi	4/3.0	2,982 (-8%)	2mo	$700,000	$235	69
33414 N 142nd Way	0.37mi	5/3.5 (+1)	3,272 (+1%)	10mo	$886,200	$271	66
14224 E Rockview Rd	0.26mi	3/3.0 (-1)	3,443 (+6%)	6mo	$1,945,000	$565	64
33401 N 142nd Way	0.42mi	5/4.0 (+1)	3,525 (+9%)	10mo	$933,726	$265	53
33402 N 142nd Way	0.39mi	4/3.0	2,766 (-15%)	10mo	$773,346	$280	45
33417 N 142nd Way	0.40mi	4/3.0	2,766 (-15%)	10mo	$775,034	$280	44
14219 E Dove Valley Rd	0.66mi	4/3.0	3,112 (-4%)	19mo	$890,000	$286	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -19.2%
• Equity multiple: 0.33×
• Total profit: $-131,778
• Equity at exit: $104,372

10-year hold

• IRR: -12.0%
• Equity multiple: 0.29×
• Total profit: $-139,420
• Equity at exit: $60,523

Cash invested: $196,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Arizona: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

5-day pay-or-quit; AZ courts known for speed; no state rent control; cities preempted by state law.

Methodology + full state rankings →

ZIP-level market 85262

• Home prices YoY: -12.2%
• Active inventory: 588
• Price-to-rent: 12.1×

Monthly cashflow live

• Estimated rent: $4,841 medium
• Mortgage (P&I): −$3,671
• Tax from tax record: −$144 /mo · $1,727/yr
• Insurance: −$292
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,017
• Net cashflow: $-282

Break-even live

Break-even rent $5,198

Max offer price $650,153

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $175,000
• Closing costs: $21,000
• Reserves months: —
• Total cash needed: —

Listing history 42 events

1. 2026-06-18
   days on market $700,000 Active 56 DOM
2. 2026-06-17
   days on market $700,000 Active 55 DOM
3. 2026-06-16
   days on market $700,000 Active 54 DOM
4. 2026-06-15
   days on market $700,000 Active 53 DOM
5. 2026-06-13
   days on market $700,000 Active 51 DOM
6. 2026-06-13
   days on market $700,000 Active 50 DOM
7. 2026-06-09
   days on market $700,000 Active 47 DOM
8. 2026-06-08
   days on market $700,000 Active 46 DOM
9. 2026-06-07
   days on market $700,000 Active 45 DOM
10. 2026-06-04
    days on market $700,000 Active 42 DOM
11. 2026-06-03
    days on market $700,000 Active 41 DOM
12. 2026-06-02
    days on market $700,000 Active 40 DOM
13. 2026-06-01
    days on market $700,000 Active 39 DOM
14. 2026-05-31
    days on market $700,000 Active 38 DOM
15. 2026-05-06
    status Active 1239-char remark

    Show marketing remark (1239 chars)

    Opportunity knocks! This spacious 3,246 sqft home offers 4 bedrooms and 2.5 baths on a generous 1.25-acre lot with show stopping views provide the perfect canvas providing the perfect canvas for buyers ready to add their personal touch. The home is in solid condition and has been priced aggressively to reflect the opportunity for cosmetic updates and modernization. Inside, you'll find a functional layout with great bones and ample living space, ideal for reimagining into your dream home. Outside, the fully fenced yard offers privacy and room to expand, with endless potential for landscaping, hardscape features, a pool, shop, or custom outdoor living areas. Home is being sold AS-IS. A pre-listing home inspection has been completed and is available for buyer review upon request, offering added transparency and confidence. Bring your vision and unlock the full potential of this value-packed property on acreage! A portion of the property is in flood zone (SFHA). The property has a FEMA amendment document (file 17-09-0596A-040037.pdf) that removes the structure from the SFHA. An elevation certificate is also on file with Maricopa county (file EC16-269.pdf). Copies of both files are under the documents tab of the MLS.

16. 2026-04-15
    historical 1239-char remark

    Show marketing remark (1239 chars)

    Opportunity knocks! This spacious 3,246 sqft home offers 4 bedrooms and 2.5 baths on a generous 1.25-acre lot with show stopping views provide the perfect canvas providing the perfect canvas for buyers ready to add their personal touch. The home is in solid condition and has been priced aggressively to reflect the opportunity for cosmetic updates and modernization. Inside, you'll find a functional layout with great bones and ample living space, ideal for reimagining into your dream home. Outside, the fully fenced yard offers privacy and room to expand, with endless potential for landscaping, hardscape features, a pool, shop, or custom outdoor living areas. Home is being sold AS-IS. A pre-listing home inspection has been completed and is available for buyer review upon request, offering added transparency and confidence. Bring your vision and unlock the full potential of this value-packed property on acreage! A portion of the property is in flood zone (SFHA). The property has a FEMA amendment document (file 17-09-0596A-040037.pdf) that removes the structure from the SFHA. An elevation certificate is also on file with Maricopa county (file EC16-269.pdf). Copies of both files are under the documents tab of the MLS.

17. 2026-04-02
    listed $700,000 Active 1239-char remark

    Show marketing remark (1239 chars)

    Opportunity knocks! This spacious 3,246 sqft home offers 4 bedrooms and 2.5 baths on a generous 1.25-acre lot with show stopping views provide the perfect canvas providing the perfect canvas for buyers ready to add their personal touch. The home is in solid condition and has been priced aggressively to reflect the opportunity for cosmetic updates and modernization. Inside, you'll find a functional layout with great bones and ample living space, ideal for reimagining into your dream home. Outside, the fully fenced yard offers privacy and room to expand, with endless potential for landscaping, hardscape features, a pool, shop, or custom outdoor living areas. Home is being sold AS-IS. A pre-listing home inspection has been completed and is available for buyer review upon request, offering added transparency and confidence. Bring your vision and unlock the full potential of this value-packed property on acreage! A portion of the property is in flood zone (SFHA). The property has a FEMA amendment document (file 17-09-0596A-040037.pdf) that removes the structure from the SFHA. An elevation certificate is also on file with Maricopa county (file EC16-269.pdf). Copies of both files are under the documents tab of the MLS.

18. 2017-02-09
    soldstatus $485,000 Closed 616-char remark

    Show marketing remark (616 chars)

    Beautiful custom 4 bedroom 2.5 bath desert home in North Scottsdale!! This is a move in ready home. Split master bedroom, roomy office or 4th bedroom with closet. Double door entrance to the front courtyard and spacious back patio with beautiful mountain views front and rear. This can be horse property with 1.25 acres of room to build a setup for the horses. Custom designer paint throughout the home. Custom plantation shutters. Outside of home was just painted. This property is just minutes from Scottsdale Troon North Tegavah Golf Course. Bring your picky buyers to this one. It's a must see!! Priced to sell.

19. 2017-02-09
    soldstatus $485,000

    Show marketing remark (616 chars)

    Beautiful custom 4 bedroom 2.5 bath desert home in North Scottsdale!! This is a move in ready home. Split master bedroom, roomy office or 4th bedroom with closet. Double door entrance to the front courtyard and spacious back patio with beautiful mountain views front and rear. This can be horse property with 1.25 acres of room to build a setup for the horses. Custom designer paint throughout the home. Custom plantation shutters. Outside of home was just painted. This property is just minutes from Scottsdale Troon North Tegavah Golf Course. Bring your picky buyers to this one. It's a must see!! Priced to sell.

20. 2016-12-11
    historical Under Contract Accepting Backups 616-char remark

    Show marketing remark (616 chars)

    Beautiful custom 4 bedroom 2.5 bath desert home in North Scottsdale!! This is a move in ready home. Split master bedroom, roomy office or 4th bedroom with closet. Double door entrance to the front courtyard and spacious back patio with beautiful mountain views front and rear. This can be horse property with 1.25 acres of room to build a setup for the horses. Custom designer paint throughout the home. Custom plantation shutters. Outside of home was just painted. This property is just minutes from Scottsdale Troon North Tegavah Golf Course. Bring your picky buyers to this one. It's a must see!! Priced to sell.

21. 2016-08-13
    price $497,500 616-char remark

    Show marketing remark (616 chars)

    Beautiful custom 4 bedroom 2.5 bath desert home in North Scottsdale!! This is a move in ready home. Split master bedroom, roomy office or 4th bedroom with closet. Double door entrance to the front courtyard and spacious back patio with beautiful mountain views front and rear. This can be horse property with 1.25 acres of room to build a setup for the horses. Custom designer paint throughout the home. Custom plantation shutters. Outside of home was just painted. This property is just minutes from Scottsdale Troon North Tegavah Golf Course. Bring your picky buyers to this one. It's a must see!! Priced to sell.

22. 2016-06-16
    price $509,900 616-char remark

    Show marketing remark (616 chars)

    Beautiful custom 4 bedroom 2.5 bath desert home in North Scottsdale!! This is a move in ready home. Split master bedroom, roomy office or 4th bedroom with closet. Double door entrance to the front courtyard and spacious back patio with beautiful mountain views front and rear. This can be horse property with 1.25 acres of room to build a setup for the horses. Custom designer paint throughout the home. Custom plantation shutters. Outside of home was just painted. This property is just minutes from Scottsdale Troon North Tegavah Golf Course. Bring your picky buyers to this one. It's a must see!! Priced to sell.

23. 2016-05-05
    price $535,000 616-char remark

    Show marketing remark (616 chars)

    Beautiful custom 4 bedroom 2.5 bath desert home in North Scottsdale!! This is a move in ready home. Split master bedroom, roomy office or 4th bedroom with closet. Double door entrance to the front courtyard and spacious back patio with beautiful mountain views front and rear. This can be horse property with 1.25 acres of room to build a setup for the horses. Custom designer paint throughout the home. Custom plantation shutters. Outside of home was just painted. This property is just minutes from Scottsdale Troon North Tegavah Golf Course. Bring your picky buyers to this one. It's a must see!! Priced to sell.

24. 2016-04-29
    listed $550,000 Active 616-char remark

    Show marketing remark (616 chars)

    Beautiful custom 4 bedroom 2.5 bath desert home in North Scottsdale!! This is a move in ready home. Split master bedroom, roomy office or 4th bedroom with closet. Double door entrance to the front courtyard and spacious back patio with beautiful mountain views front and rear. This can be horse property with 1.25 acres of room to build a setup for the horses. Custom designer paint throughout the home. Custom plantation shutters. Outside of home was just painted. This property is just minutes from Scottsdale Troon North Tegavah Golf Course. Bring your picky buyers to this one. It's a must see!! Priced to sell.

25. 2004-07-23
    soldstatus $425,320
26. 2004-07-22
    soldstatus $425,320
27. 2004-06-09
    historical
28. 2004-05-17
    listed $449,900
29. 2004-05-17
    historical
30. 2004-02-28
    listed $449,900
31. 2004-01-30
    historical
32. 2003-11-01
    listed $469,900
33. 2003-10-31
    historical
34. 2003-08-04
    historical
35. 2003-07-31
    listed $434,950
36. 2003-07-31
    listed $434,950
37. 2003-07-31
    historical
38. 2003-05-01
    listed $439,950
39. 2003-05-01
    historical
40. 2003-05-01
    historical
41. 2003-03-11
    listed $465,000
42. 2003-03-06
    listed $465,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AZ · Resets to sale price

• Current annual tax: $1,727 · $144/mo
• Projected year-2 tax: $4,620 · $385/mo
• Expected delta: +$2,893/yr (+$241/mo · 167.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X · 22% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $58,091
• − Mortgage interest: −$39,211
• − Property taxes: −$1,727
• − Insurance: −$3,500
• − Repairs & maintenance: −$4,647
• − Management: −$4,647
• − Depreciation: −$20,364
• Taxable loss: −$16,006
• Est. tax savings @ 24.0%: +$3,841
• After-tax cash flow: $455/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Cave Creek Unified District (4244)
• NCES district ID: 0400001
• Math proficiency: 57% ▼ -9.00%
• Reading proficiency: 59% ▼ -8.00%
• Median HH income: $102,788
• Composite: 54.46/100
• National rank: #1351
• State rank: #13 of 249 in AZ

Livability — Scottsdale

• Score: 80/100
• State rank: #4
• US rank: #1756

Category grades

Amenities A+ Commute A+ Cost of living F Crime B+ Employment A+ Housing A- Health & safety C- User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Maricopa County · 4,537,380 people
• City population: 290,846
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 14,329
• Household income: $177,790
• Rent vs Own: 3.1% rent · 96.9% own
• Severe rent burden: 70.0

Population outlook (Maricopa County) Hauer SSP2

• Today (2025): 4,979,203 people
• By 2030: 5,378,229 · +8.0%
• By 2040: 6,156,598 · +23.6%
• By 2050: 6,872,376 · +38.0%
• By 2075: 8,401,270 · +68.7%
• By 2100: 9,247,439 · +85.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 6% Hispanic / Latino 6% Black 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 5% Portuguese 4% Lithuanian 3%
• Foreign-born: 9% · Canada
• Languages at home: 92% English-only · Spanish 4% Other Indo-European 2% Other Asian/Pacific 1%

Political lean MEDSL · Maricopa

• 2024 margin: Toss-up / Even · D 47.7% · R 51.2% · Other 1.1%
• 2008→2024 swing: +7.1pp toward D · 2008: -10.6pp · 2024: -3.5pp
• All cycles: 2024: R+3.5 2020: D+2.2 2016: R+3.5 2012: R+12.0 2008: R+10.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -39.65%
• Current HPI: 286.3814
• Rent YoY: —
• Metro: Phoenix-Mesa-Chandler, AZ
• State GDP YoY: ▲ 4.54%
• F500 in state: 20

Industry mix (Fortune 500 HQ in AZ)

Industry	F500 HQs	Revenue
▸Technology	2	$13B
▸Mining / Metals	1	$23B
▸Environmental Services	1	$16B
▸Metals / Steel	1	$14B
▸Technology Distribution	1	$9B
▸Homebuilding	1	$8B

Price history

+50.5% since first listed

28 events — show timeline

• 2026-05-06 Relisted — ARMLS
• 2026-04-15 Listing Removed — ARMLS
• 2026-04-02 Listed $700,000 ARMLS
• 2017-02-09 Sold (Public Records) $485,000 Public Records
• 2017-02-09 Sold (MLS) $485,000 ARMLS
• 2016-12-11 Contingent — ARMLS
• 2016-08-13 Price Changed $497,500 ARMLS
• 2016-06-16 Price Changed $509,900 ARMLS
• 2016-05-05 Price Changed $535,000 ARMLS
• 2016-04-29 Listed $550,000 ARMLS
• 2004-07-23 Sold (Public Records) $425,320 Public Records
• 2004-07-22 Sold (MLS) $425,320 ARMLS
• 2004-06-09 Listing Removed — ARMLS
• 2004-05-17 Listing Removed — ARMLS
• 2004-05-17 Listed $449,900 ARMLS
• 2004-02-28 Listed $449,900 ARMLS
• 2004-01-30 Listing Removed — ARMLS
• 2003-11-01 Listed $469,900 ARMLS
• 2003-10-31 Listing Removed — ARMLS
• 2003-08-04 Listing Removed — ARMLS
• 2003-07-31 Listing Removed — ARMLS
• 2003-07-31 Listed $434,950 ARMLS
• 2003-07-31 Listed $434,950 ARMLS
• 2003-05-01 Listing Removed — ARMLS
• 2003-05-01 Listing Removed — ARMLS
• 2003-05-01 Listed $439,950 ARMLS
• 2003-03-11 Listed $465,000 ARMLS
• 2003-03-06 Listed $465,000 ARMLS

Property tax history

-0.4%/yr

Latest (2025): $1,727 · +1.6% YoY. Source: county tax records.