
Phoenix, AZ 85008
This Spacious Value-Add Residence is listed at $490,000, aligning with its $487,186 Fair Market Value. Featuring a rare 5-bedroom, 3-bathroom layout across 2,137 sq. ft., the property holds a Fair Condition Rating, signaling significant potential for forced appreciation through cosmetic updates. Located just south of the Arcadia District, the home offers a prime location near top-tier dining and includes a private patio. This is an exceptional opportunity for Owner-Occupants seeking functional space or Buy-and-Hold Investors looking for a high-occupancy rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1923 N 44TH Place Subject | $480,000* List Price | 5 | 3 | 2,137 | $232 | - |
A 3827 E Vernon Avenue Sold | $445,000 | 4 | 3 | 1,941 | $229 | 0.8 mi |
B 4928 E PALM Lane Sold | $457,000 | 3 | 2 | 1,726 | $265 | 0.6 mi |
C 4614 E CYPRESS Street Sold | $502,500 | 4 | 3 | 1,926 | $261 | 0.3 mi |
D 4718 E Pierce Street Sold | $339,900 | 3 | 2 | 1,355 | $251 | 1.0 mi |
E 5019 E VIRGINIA Avenue Sold | $340,000 List Price | 4 | 2 | 1,952 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, this property is functional but shows significant signs of age. The kitchen has been partially updated with stainless steel appliances and painted cabinetry, but retains dated tile countertops and older flooring. Interior images reveal worn carpeting in the bedrooms and older light fixtures. The listing description and property analysis explicitly mention aging infrastructure and the need for the buyer to 'make it your own,' which aligns with the Fair category for homes requiring minor updates and modernization.
Situated just south of the prestigious Arcadia District, the property offers immediate proximity to some of Phoenix's most popular dining and shopping destinations.
Priced among the lowest per square foot in the area, this home provides a significant equity opportunity for buyers looking to enter a high-demand neighborhood.
The 2,137 sq. ft. open-concept layout featuring five bedrooms and three bathrooms is rare for this price point, offering ample space for large families or multi-generational living.
Built in 1955, the property may require updates to older mechanical systems or structural elements that are typical of homes from this era.
The local public schools carry lower performance ratings, which may be a drawback for families prioritizing high-ranking educational institutions.
Amazing opportunity in a prime location just south of the Arcadia District in Phoenix, surrounded by some of Arizona's top restaurants and shops. This spacious 5-bedroom, 3-bath home offers 2,137 sq. ft. of open-concept living. The nicely appointed kitchen features tile countertops, raised-panel cabinetry, stainless steel appliances, and ample storage. Priced among the lowest per square foot in the area, this home presents an excellent value for savvy buyers. Come see the potential and make it your own!
No exterior & parking available.
Grades PK-8 • 0.1 mi
Grades 9-12 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 94% |
| Baths | 3.0 | 2.0 | 83% |
| Square foot | 2,137 | 1,518.5 | 88% |
| Lot Size | 6,878 | 7,777.5 | 29% |
| Price | $480.0K | $380.0K | 72% |
| Price per sq ft | $225 | $251 | 43% |
| Built year | 1955 | 1954 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 1569 | 2% |
Apr 17, 2026
$480,000
$490,000
-2% Price Drop
Initial Listing
Feb 24, 2026
$490,000
Initial Listing