1516 E FREMONT Road, Phoenix, AZ 85042, Phoenix, 85042 - 4 bed, 2 bath
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Phoenix, AZ 85042
This Spacious Phoenix Residence is a Prime Investment Opportunity, listed at $399,999—positioned well below the $420,588 Fair Market Value by 4%. This valuation gap provides $20,589 in Instant Equity. While the home maintains a Condition Score of 4, featuring low-maintenance turf and a wood-burning fireplace, it offers significant upside through cosmetic modernization. Located near South Mountain High School with No HOA fees and immediate trail access, it is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1516 E FREMONT Road Subject | $399,999* List Price | 4 | 2 | 1,877 | $208 | - |
A 1704 E BEVERLY Road Sold | $485,000 List Price | 4 | 2 | 1,785 | 0.5 mi | |
B 8010 S 15TH Way Sold | $460,000 | 3 | 2 | 1,900 | $242 | 0.5 mi |
C 2008 E BEAUTIFUL Lane Sold | $399,000 List Price | 3 | 2 | 1,852 | 0.6 mi | |
D 1920 E SAINT CATHERINE Avenue Sold | $374,000 | 3 | 2 | 1,664 | $225 | 0.7 mi |
E 8010 S 15TH Way Sold | $460,000 | 3 | 2 | 1,871 | $246 | 0.5 mi |
F 7611 S 15TH Street Active Under Contract | $449,900 List Price | 4 | 3 | 1,976 | $228 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, this property is well-maintained and move-in ready but shows signs of its age, such as popcorn ceilings and older tile flooring. While the home features some updates like modern ceiling fans, stainless steel appliances, and low-maintenance turf landscaping, it has not undergone a comprehensive recent renovation, leaving the kitchen and bathrooms in need of modernization to meet current high-end standards.
The property is ideally situated just minutes from South Mountain, providing immediate access to extensive hiking, biking, and outdoor recreation trails.
Both the front and backyards feature professional turf finishes, offering a modern, clean aesthetic with significantly reduced water costs and upkeep requirements.
The absence of a homeowners association fee provides buyers with more monthly purchasing power and freedom from restrictive community regulations.
The local school ratings are notably low, with the assigned elementary school holding a 1/10 rating, which may impact long-term resale value to families.
Built in 1988 and lacking mention of recent major interior renovations, the home likely requires capital investment to modernize the kitchen and bathrooms.
Welcome to 1516 E Fremont Rd in Phoenix, a spacious 4-bedroom, 2-bath home with nearly 1,900 sq ft of comfortable living space. This well-designed floor plan offers a bright and open layout with generous living areas and a wood burning fireplace. The home features four well sized bedrooms, he primary suite includes a double-sink vanity and a large walk in close. The layout offers a functional flow between the living areas, kitchen, and dining space, creating a welcoming atmosphere throughout the home. Step outside to enjoy the low maintenance front and backyard finished with turf, giving you a clean, modern look while keeping upkeep to a minimum. The backyard offers a great space for relaxing, entertaining, or creating your own outdoor retreat. Located in a convenient Phoenix locat just minutes from South Mountain, you'll have quick access to miles of hiking, biking, and outdoor trails, perfect for anyone who enjoys an active lifestyle. The home is also close to shopping, dining and schools. Don't miss the opportunity to make this Phoenix home yours.
No exterior & parking available.
Grades K-3 • 0.6 mi
Grades 4-8 • 0.6 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 62% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,877 | 1,870 | 51% |
| Lot Size | 5,702 | 7,198 | 17% |
| Price | $400.0K | $399.0K | 51% |
| Price per sq ft | $213 | $228 | 41% |
| Built year | 1988 | 2000 | 26% |
| HOA | $0 | $95 | 35% |
| Days on market | 97 | 1443 | 1% |
Mar 10, 2026
$399,999
Initial Listing