2018 N 56TH Avenue, Phoenix, AZ 85035, Phoenix, 85035 - 3 bed, 2 bath
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Phoenix, AZ 85035
This property presents a High-Potential Investment Opportunity with a List Price of $314,500—positioned well below the $310,255 Fair Market Value by -1.35%. While the home has a Condition Rating of 4, the large 9,396 sqft lot and recent structural updates, including a 2012 roof and new windows, provide a solid foundation for value-add renovations. The property offers significant flexibility for cosmetic upgrades to modernize the dated interior. This is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking a project with long-term upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2018 N 56TH Avenue Subject | $314,500* List Price | 3 | 2 | 1,260 | $246 | - |
A 5723 W Wilshire Drive Sold | $350,000 | 3 | 2 | 1,260 | $278 | 0.3 mi |
B 1620 N 55TH Drive Sold | $320,000 | 3 | 2 | 1,280 | $250 | 0.3 mi |
C 2047 N 54TH Lane Sold | $338,000 | 3 | 2 | 1,212 | $279 | 0.2 mi |
D 5829 W CORONADO Road Sold | $296,000 | 3 | 2 | 1,240 | $239 | 0.3 mi |
E 2323 N 49TH Drive Sold | $330,000 List Price | 3 | 2 | 1,350 | 0.9 mi | |
F 5442 W Edgemont Avenue Sold | $248,500 | 4 | 2 | 1,303 | $191 | 0.7 mi |
G 1621 N 53RD Drive Active | $225,000 List Price | 3 | 2 | 1,212 | $186 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1970, the property is over 50 years old. While it features some solid functional updates like a 2012 roof and newer windows, the interior—specifically the kitchen cabinetry and popcorn ceilings—is significantly dated (20+ years) and requires cosmetic updates and minor repairs to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9396, living area = 1260.
The property features significant recent improvements including a 2012 roof, new windows, a new Arcadia door, and fresh exterior paint, reducing immediate capital expenditure for the buyer.
Sitting on a generous 9,396 sqft lot with no association fees, this property offers rare flexibility for outdoor projects, storage, or expansions without the burden of monthly dues.
The home is being sold in as-is condition and requires 'personal TLC,' which may deter buyers looking for a fully turnkey residence or those with limited renovation budgets.
The assigned public schools have relatively low performance ratings (ranging from 2 to 4), which could be a drawback for families and may impact long-term resale value.
Great opportunity in Phoenix! This all-electric home features fresh exterior paint, central heating/AC, an updated roof (2012), and a reliable hot water tank. Enjoy new windows, a new Arcadia door, and security doors at both front and side entrances for peace of mind. Inside, you'll find easy-care tile flooring paired with wood floors in the bedrooms. Offered as-is, this property is in good shape and just needs a little personal TLC to truly shine.
No exterior & parking available.
Grades K-8 • 0.1 mi
Grades K-8 • 0.6 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,260 | - |
| Lot Size | 9,396 | - |
| Price | $314.5K | $495.4K |
| Price per sq ft | $250 | $290 |
| Built year | 1970 | 0 |
| HOA | $0 | $0 |
| Days on market | 9 | 1260 |
Jul 14, 2026
$314,500
Initial Listing