2830 N 48TH Lane, Phoenix, AZ 85035, Phoenix, 85035 - 4 bed, 2 bath
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Phoenix, AZ 85035
This property represents a High-Potential Investment Opportunity with a List Price of $309,900—positioned well below the $405,252 Fair Market Value by 23%. This substantial valuation gap offers $95,352 in Instant Equity for buyers. While the interior boasts a Condition Rating of 4 with wood-look tile flooring and stainless steel appliances, the 1962 infrastructure and drained swimming pool provide significant forced appreciation potential. With No HOA Restrictions, this high-equity asset is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants looking to build wealth through strategic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2830 N 48TH Lane Subject | $309,900* List Price | 4 | 2 | 1,288 | $315 | - |
A 5442 W Edgemont Avenue Sold | $248,500 | 4 | 2 | 1,303 | $191 | 0.8 mi |
B 5220 W WINDSOR Avenue Sold | $327,000 | 3 | 2 | 1,202 | $272 | 0.6 mi |
C 2108 N 48TH Lane Sold | $324,000 | 3 | 2 | 1,284 | $252 | 0.6 mi |
D 5201 W MONTE VISTA Road Sold | $353,500 | 4 | 2 | 1,519 | $233 | 0.7 mi |
E 4902 W SHERIDAN Street Sold | $363,000 | 4 | 2 | 1,400 | $259 | 0.3 mi |
F 4902 W SHERIDAN Street Sold | $363,000 | 4 | 2 | 1,400 | $259 | 0.3 mi |
G 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 features modern interior updates including wood-look tile flooring, recessed lighting, and stainless steel appliances. However, the home was built in 1962 and shows signs of aging infrastructure. Most significantly, the swimming pool is currently drained and appears to require resurfacing or major repair, and the exterior concrete and landscaping show noticeable wear.
The property features a private swimming pool, covered patio, and a fully fenced yard, providing an ideal setup for year-round Arizona entertaining and relaxation.
The home boasts contemporary wood-look tile flooring, stainless steel appliances, and recessed lighting, offering a move-in-ready aesthetic that appeals to modern buyers.
With an association fee of $0, homeowners enjoy greater financial flexibility and the freedom to use their property without the constraints of a homeowners association.
Originally built in 1962, the property may require more frequent maintenance or future updates to major systems compared to newer constructions.
The assigned public schools have relatively low ratings (ranging from 2 to 4), which could be a significant drawback for families prioritizing high-performing educational environments.
Start living in this fully-fenced single-story residence in Phoenix, AZ! Discover an inviting living room with a skylight, seamlessly flowing into the dining area featuring sliding glass doors to the back patio. Highlights include wood-look tile flooring, ceiling fans, abundant natural light, and neutral palette throughout. The kitchen is equipped with recessed lighting, ample cabinet space, and stainless steel appliances. Retreat to the sizable primary bedroom and enjoy restful nights, complete with a well-sized closet and a private bathroom for added comfort. You'll LOVE the spacious backyard with a covered patio, two storage sheds, and a swimming pool, perfect for year-round entertaining. Make this wonderful property yours before it's gone!
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.5 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 | 1,288 | 1,525.5 | 23% |
| Lot Size | 6,068 | 6,298.5 | 43% |
| Price | $309.9K | $313.3K | 49% |
| Price per sq ft | $241 | $191 | 80% |
| Built year | 1962 | 1975 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 72 | 1060 | 2% |
Feb 13, 2026
$309,900
Initial Listing