
Phoenix, AZ 85035
This property presents a High-Potential Investment Opportunity with a List Price of $315,000—positioned well above the $257,160 Fair Market Value by -22%. Featuring a Fair Condition Rating and significant deferred maintenance, the asset offers a unique casita with full kitchen and separate-entrance flex room, ideal for rental income or multigenerational living. While the property requires a full rehab to address aesthetic obsolescence, the versatile layout and large lot provide substantial value-add potential. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2509 N 49TH Avenue Subject | $315,000* List Price | 4 | 3 | 1,458 | $195 | - |
A 2323 N 49TH Drive Sold | $330,000 List Price | 3 | 2 | 1,350 | 0.1 mi | |
B 5442 W Edgemont Avenue Sold | $248,500 | 4 | 2 | 1,303 | $191 | 0.7 mi |
C 4308 W VERNON Avenue Sold | $258,500 | 3 | 2 | 1,601 | $161 | 0.7 mi |
D 5150 W HUBBELL Street Sold | $320,000 List Price | 4 | 2 | 1,769 | 0.5 mi | |
E 4823 W PALM Lane Active | $310,000 List Price | 4 | 2 | 1,452 | $213 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1975, the property is nearly 50 years old and exhibits significant dating. Despite mentions of a remodeled bath, the photos show popcorn ceilings, 1970s-style wood paneling, and DIY-quality kitchen/bathroom finishes that require a full rehab to address aesthetic and functional obsolescence.
The property features a private, separate-entrance casita with a full kitchen, bathroom, and fireplace, offering a rare opportunity for rental income or guest quarters that is not included in the listed square footage.
An additional separate-entrance flex room equipped with a mini-split system provides excellent flexibility for use as a fifth bedroom, home office, or private studio.
The 6,800 sq ft lot is highly functional, featuring an RV gate, covered workshop, detached storage, and custom artisan stone features including a BBQ and fire chimney.
Built in 1975, the home may require more frequent maintenance or updates to its original systems and structural components compared to newer builds in the area.
The assigned elementary, middle, and high schools currently hold lower performance ratings (3-4), which may be a consideration for families prioritizing educational rankings.
Private separate entrance casita with full kitchen, full bathroom, bedroom, fireplace, rustic wood interiors, and custom built-ins creates a rare opportunity for multigenerational living, guest quarters, or income potential, with casita space not included in listed living area. A separate entrance flex room with mini split offers even more versatility as a potential 5th bedroom, studio, office, or private guest space. Situated on a spacious 6,800 sq ft lot, this 4 bed, 3 bath Phoenix property also features a remodeled primary bath, RV gate access, covered workshop and storage areas, detached storage spaces, custom stone BBQ, outdoor fire chimney, handcrafted stone seating, and unique artisan details throughout. Exceptional flexibility, expanded usable space, and true one-of-a-kind value.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.7 mi
Grades 6-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,458 | - |
| Lot Size | 6,800 | - |
| Price | $315.0K | $495.4K |
| Price per sq ft | $216 | $290 |
| Built year | 1975 | 0 |
| HOA | $0 | $0 |
| Days on market | 84 | 1260 |
Apr 30, 2026
$315,000
Initial Listing