1939 E ENCINAS Lane, Phoenix, AZ 85040, Phoenix, 85040 - 4 bed, 2 bath
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Phoenix, AZ 85040
This Modern Dual-Income Residence is listed at $525,000, representing a stable valuation for a specialized income asset relative to its $492,338 Fair Market Value. Boasting an Excellent Condition Rating, this 2020 build features quartz countertops, vaulted ceilings, and a covered patio. The property offers a turnkey revenue model with two bedrooms configured as Airbnb-ready suites with private entrances and kitchenettes. Despite low school ratings, the massive RV gate and parking for eight vehicles provide significant utility. This is a strategic acquisition for House-Hacking Owner-Occupants or Short-Term Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1939 E ENCINAS Lane Subject | $525,000* List Price | 4 | 2 | 2,035 | $242 | - |
A 1622 E CHANUTE Pass Sold | $425,000 List Price | 4 | 2 | 1,800 | 0.9 mi | |
B 2160 E CORONA Avenue Sold | $375,000 | 4 | 3 | 1,717 | $218 | 0.3 mi |
C 1729 E CHANUTE Pass Sold | $443,000 | 4 | 2 | 1,822 | $243 | 0.8 mi |
D 1729 E CHANUTE Pass Sold | $443,000 | 4 | 2 | 1,822 | $243 | 0.8 mi |
E 1747 E GROVE Street Sold | $449,900 | 3 | 2 | 1,671 | $269 | 0.8 mi |
F 1747 E GROVE Street Sold | $449,900 | 3 | 2 | 1,671 | $269 | 0.8 mi |
G 2326 E LEVI Drive Pending | $461,500 List Price | 4 | 3 | 1,961 | $235 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property was built in 2020, placing it well within the 10-year threshold for an excellent rating. The interior features modern, high-quality finishes including wood-look tile flooring throughout, quartz countertops in the kitchen and bathrooms, and stainless steel appliances. The home appears to be in like-new condition with no visible deferred maintenance, and the addition of specialized features like kitchenettes for Airbnb potential further demonstrates its updated and well-maintained status.
Two bedrooms feature private entrances and kitchenettes, currently operating as successful short-term rentals, offering a turnkey house-hacking or investment opportunity.
The property includes an oversized two-car garage plus an RV gate with additional slab and covered parking for up to six vehicles, ideal for car enthusiasts or multi-generational living.
Built recently with contemporary finishes including quartz countertops, tile flooring throughout, and vaulted ceilings, ensuring lower maintenance costs and modern aesthetic appeal.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2035, other record living area = 1925.
The assigned public schools have low performance ratings (2/10 and 3/10), which could impact long-term resale value and appeal to families with school-aged children.
With extensive concrete slabs and covered parking structures to accommodate multiple vehicles, the 7,005 sqft lot offers limited traditional green space or landscaping for outdoor recreation.
A 2020 built 4 bedroom home with an oversized 2 car garage and a bonus - a RV gate with additional slab and covered parking to accommodate up to 6 additional vehicles. Here's the kicker 2 of the bedrooms have their own private entrances, one has a kitchenette with oven , fridge, microwave and private 3/4 bath with walk-in shower and the other has a small kitchenette with access to main house bathroom. Both are Airbnb ready and booked solid. It's not just a home, it's an income opportunity. Other upgrades include: tile throughout, quartz countertops in kitchen and baths, soft closing kitchen drawers and cabinets, built in microwave, pantry, vaulted ceilings, covered patio, block fence & 2 storage sheds. Primary room has a walk in closet, updated shower and dual sinks. Close to fwys.
No exterior & parking available.
Grades K-8 • 0.4 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,035 | 1,454 | 95% |
| Lot Size | 7,005 | 6,003 | 73% |
| Price | $525.0K | $328.8K | 98% |
| Price per sq ft | $258 | $222 | 73% |
| Built year | 2020 | 2003 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 977 | 1% |
Apr 8, 2026
$525,000
Initial Listing