2908 N 53RD Lane, Phoenix, AZ 85031, Phoenix, 85031 - 3 bed, 2 bath
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Phoenix, AZ 85031
This Renovated Single-Family Residence offers a stable acquisition opportunity with a List Price of $340,000, matching its $340,000 Fair Market Value. Despite its "as-is" listing status, the property maintains a Good Condition Rating due to extensive interior updates, including modern wood-look laminate flooring, an Updated Kitchen, and Stainless Steel Appliances. With No HOA oversight and a functional three-bedroom layout, the home provides immediate utility and long-term value retention in a competitive market. This property is perfectly suited for first-time buyers or Buy-and-Hold Investors seeking a turnkey rental asset in Phoenix.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2908 N 53RD Lane Subject | $340,000* List Price | 3 | 2 | 1,395 | $244 | - |
A 2907 N 53RD Avenue Sold | $335,000 | 3 | 2 | 1,680 | $199 | 0.1 mi |
B 5807 W CHEERY LYNN Road Sold | $375,000 List Price | 4 | 3 | 1,345 | 0.6 mi | |
C 5136 W OSBORN Road Sold | $349,940 | 3 | 2 | 1,320 | $265 | 0.5 mi |
D 3023 N 57TH Drive Sold | $334,900 | 3 | 2 | 1,428 | $235 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1959, the property has undergone significant interior renovations making it move-in ready. Updates include modern wood-look laminate flooring, updated kitchen cabinetry with stainless steel appliances, new carpeting in the bedrooms, and fresh paint throughout. While the 'as-is' listing status and age suggest potential deferred maintenance on major structural systems, the visible cosmetic condition and functional layout align with the 'good' category.
Listed at $340,000, this property represents an accessible entry-level opportunity within the Phoenix market, appealing to both first-time homebuyers and budget-conscious investors.
With no association fees or HOA oversight, owners enjoy increased financial savings and greater freedom regarding property use and exterior modifications.
The 3-bedroom, 2-bathroom layout across nearly 1,400 square feet provides a highly marketable and practical living space that suits a wide variety of household needs.
The property is being sold in as-is condition, which typically indicates deferred maintenance and necessitates a thorough inspection and budget for potential repairs.
The requirement for 24-hour notice for showings and a potential 24-hour response time from the seller may create hurdles for buyers on tight relocation or financing timelines.
AS-IS property. Please text for questions. Home is currently occupied. sed. Buyer to verify all info pertaining to property. Response times could take up to 24 hrs, but the seller will try to respond sooner. 24 Hour notice to view, please.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,395 | 1,416.5 | 42% |
| Lot Size | 6,869 | 7,172 | 36% |
| Price | $340.0K | $283.7K | 82% |
| Price per sq ft | $244 | $156 | 83% |
| Built year | 1959 | 1957 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 348 | 1374 | 42% |
May 13, 2025
$340,000
Initial Listing