1609 N 48TH Avenue, Phoenix, AZ 85035, Phoenix, 85035 - 3 bed, 2 bath
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Phoenix, AZ 85035
This Single Family Residence is a Strong Value Opportunity, listed at $349,000—positioned well below the $318,530 Fair Market Value by -9%. While the property is priced above the current estimation, it offers a Good Condition Rating with recent upgrades like new vinyl plank flooring and fresh carpet. The absence of an HOA and a large private backyard provide significant flexibility for owners. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready home in a central Phoenix location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1609 N 48TH Avenue Subject | $349,000* List Price | 3 | 2 | 1,053 | $302 | - |
A 2047 N 54TH Lane Sold | $338,000 | 3 | 2 | 1,212 | $279 | 0.9 mi |
B 5154 W BERKELEY Road Sold | $276,500 | 3 | 2 | 1,052 | $263 | 0.6 mi |
C 5028 W ROANOKE Avenue Sold | $305,000 | 3 | 2 | 1,226 | $249 | 0.9 mi |
D 4907 W VERNON Avenue Sold | $335,000 List Price | 4 | 2 | 1,350 | 0.5 mi | |
E 5159 W VERNON Avenue Sold | $305,000 | 2 | 1 | 1,038 | $294 | 0.8 mi |
F 2323 N 49TH Drive Sold | $330,000 List Price | 3 | 2 | 1,350 | 0.6 mi | |
G 5243 W VERNON Avenue Sold | $380,000 | 3 | 2 | 1,332 | $285 | 0.8 mi |
H 2616 N 50TH Avenue Active | $330,000 List Price | 3 | 2 | 1,092 | $302 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although the property was built in 1971, it features recent cosmetic updates including new vinyl plank flooring, new carpet, and fresh paint. The interior is functional and move-in ready. While it retains some dated elements like popcorn ceilings and older cabinetry, the recent flooring and bathroom tile work elevate it from 'Fair' to 'Good' condition.
The absence of a Homeowners Association offers residents greater freedom with their property and eliminates monthly association dues, increasing overall affordability.
Featuring new vinyl plank flooring and fresh carpet in the bedrooms, the home offers a modern, move-in-ready aesthetic that appeals to today's buyers.
Centrally located in Phoenix with immediate access to major highways and featuring a large private backyard, this property combines convenience with significant outdoor potential.
With only 1,053 square feet for a three-bedroom layout, the interior living areas and bedrooms may feel undersized for families seeking more spacious accommodations.
The assigned public schools carry lower performance ratings (ranging from 2 to 4), which could impact long-term resale value and appeal to education-focused families.
This cozy 3 Bedroom 2 Bathroom is centrally located in the Phoenix area. It comes with a spacious living room and it is close to all major highways with a large private backyard. Tiled floors in the bathrooms and tiled tub/shower surrounds. Vinyl plank flooring and new carpet in the bedrooms. The kitchen has plenty of cabinet space for all your kitchen necessities. No HOA!!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.4 mi
Grades K-5 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,053 | - |
| Lot Size | 6,303 | - |
| Price | $349.0K | $495.4K |
| Price per sq ft | $331 | $290 |
| Built year | 1971 | 0 |
| HOA | $0 | $0 |
| Days on market | 40 | 1260 |
Jun 13, 2026
$349,000
Initial Listing