1621 N 53RD Drive, Phoenix, AZ 85035, Phoenix, 85035 - 3 bed, 2 bath
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Phoenix, AZ 85035
This Value-Add Residential Asset is a High-Potential Investment Opportunity listed at $225,000 with a $139,482 Fair Market Value. Marketed as a dedicated fixer opportunity, the property holds a Condition Rating of 5, requiring a substantial capital investment to modernize its 1977 original systems. The standout feature is the 10,820-square-foot oversized lot, which is over four times the living area, providing ample space for expansion. Located near Charles W. Harris School with No HOA restrictions, this property is a strategic acquisition for Fix-and-Flip Investors or Contractors looking to capture forced appreciation in Phoenix.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1621 N 53RD Drive Subject | $225,000* List Price | 3 | 2 | 1,212 | $115 | - |
A 5149 W LEWIS Avenue Sold | $170,000 List Price | 2 | 1 | 1,178 | 0.5 mi | |
B 1632 N 55TH Drive Sold | $275,000 | 4 | 2 | 1,496 | $184 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1977 property is explicitly marketed as a 'fixer opportunity' requiring substantial capital investment. The exterior shows significant deferred maintenance, including overgrown landscaping and general neglect, indicating that major systems and interior components likely require full rehabilitation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10820, living area = 1212.
Priced competitively at $225,000, this property presents a prime fixer-upper opportunity for investors or renovation-minded buyers to build significant equity in the Phoenix market.
The expansive 10,820-square-foot lot provides ample space for outdoor improvements, potential home expansions, or the addition of a pool or accessory dwelling unit.
Marketed as a fixer opportunity, the home likely requires a substantial capital investment to address deferred maintenance and modernize the 1977 original condition.
The assigned local schools feature low performance ratings, which may be a deterrent for families and could impact the property's long-term appreciation potential.
Fixer opportunity! Single-story 3 bed, 2 bath home on oversized lot in Wedgewood Park.Ideal for investors or renovation buyers.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 1.7 mi
Grades K-5 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,212 | 1,525.5 | 16% |
| Lot Size | 10,820 | 6,303 | 98% |
| Price | $225.0K | $313.3K | 27% |
| Price per sq ft | $186 | $190 | 47% |
| Built year | 1977 | 1975 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 1060 | 1% |
Apr 8, 2026
$225,000
Initial Listing