1823 N 48 Avenue, Phoenix, AZ 85035, Phoenix, 85035 - 4 bed, 2 bath
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Phoenix, AZ 85035
This Functional Single-Family Residence represents a High-Potential Investment Opportunity, listed at $334,900—positioned well below the $342,951 Fair Market Value by 2%. This valuation gap provides $8,051 in Instant Equity for the incoming buyer. While the property holds a Condition Rating of 4 with a newer roof and fresh exterior paint, the interior requires modernization to maximize its market potential. Featuring RV gates, tile flooring, and no HOA fees, this asset is ideal for Buy-and-Hold Investors or first-time buyers seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1823 N 48 Avenue Subject | $334,900* List Price | 4 | 2 | 1,350 | $254 | - |
A 4902 W SHERIDAN Street Sold | $363,000 | 4 | 2 | 1,400 | $259 | 0.5 mi |
B 2323 N 49TH Drive Sold | $330,000 List Price | 3 | 2 | 1,350 | 0.4 mi | |
C 4907 W VERNON Avenue Sold | $335,000 List Price | 4 | 2 | 1,350 | 0.4 mi | |
D 5201 W MONTE VISTA Road Sold | $353,500 | 4 | 2 | 1,519 | $233 | 0.6 mi |
E 4902 W SHERIDAN Street Sold | $363,000 | 4 | 2 | 1,400 | $259 | 0.5 mi |
F 4907 W VERNON Avenue Pending | $292,560 List Price | 4 | 2 | 1,350 | $217 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained for its 1971 build date, featuring a newer roof and fresh exterior paint. However, the interior shows significant signs of age; the kitchen has dated wood cabinetry and laminate countertops, and the bedroom carpeting appears worn. While one bathroom has been partially updated with a newer vanity and tile work, the overall home requires interior modernization to meet current market standards.
The property features a newer roof and fresh exterior paint, significantly reducing immediate maintenance costs and providing peace of mind for the buyer.
With an association fee of zero, this home offers greater financial flexibility and freedom from restrictive community rules, which is a major draw for many Phoenix buyers.
The inclusion of RV gates and durable tile flooring throughout adds practical value and convenience for homeowners with recreational vehicles or pets.
The local elementary and middle schools carry low ratings (2 and 3), which may limit the property's appeal to families prioritizing high-performing educational environments.
Fitting four bedrooms into 1,350 square feet results in a high-density floor plan with potentially small individual room sizes, which may feel cramped for some residents.
Another extraordinary value for this gorgeous 4-bedroom, 2-bathroom home! Featuring a spacious layout with a living room, dining room, and open kitchen--perfect for comfortable living and entertaining. Additional highlights include inside laundry, tile flooring throughout, RV gates, a newer roof, and recently updated exterior paint.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.2 mi
Grades K-5 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,350 | 1,525.5 | 28% |
| Lot Size | 6,239 | 6,298.5 | 48% |
| Price | $334.9K | $315.0K | 67% |
| Price per sq ft | $248 | $191 | 80% |
| Built year | 1971 | 1975 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 53 | 1060 | 1% |
Mar 4, 2026
$334,900
Initial Listing