2970 N 53RD Drive, Phoenix, AZ 85031, Phoenix, 85031 - 5 bed, 3 bath
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Phoenix, AZ 85031
This Renovated Multi-Generational Residence is a High-Potential Investment Opportunity, listed at $430,000—positioned well below the $450,646 Fair Market Value by 4%. This valuation gap offers $20,646 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 2, the property features a rare Guest House with Kitchen, updated HVAC, Roof, and Electrical, and a large RV Gate with no HOA. Located near major Phoenix freeways, it balances financial upside with turnkey comfort. This is an ideal acquisition for Owner-Occupants or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2970 N 53RD Drive Subject | $415,000* List Price | 5 | 3 | 2,171 | $191 | - |
A 4956 W CHEERY LYNN Road Sold | $358,000 List Price | 4 | 2 | 2,048 | 0.6 mi | |
B 4943 W FLOWER Street Sold | $329,000 | 4 | 2 | 1,636 | $201 | 0.6 mi |
C 2907 N 53RD Avenue Sold | $335,000 | 3 | 2 | 1,680 | $199 | 0.2 mi |
D 3017 N 46TH Drive Sold | $360,500 | 4 | 2 | 1,722 | $209 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1959, the property has undergone extensive renovations within the last three years that meet current quality standards. The kitchen and bathrooms have been freshly remodeled with modern cabinetry, stainless steel appliances, and high-end marble-look tile flooring. Crucially, all major systems—including the HVAC, roof, water heater, and electrical panel—have been replaced or updated within the past five years, eliminating deferred maintenance and providing the functionality of a much newer home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9004, living area = 2171.
The property features a rare guest house with its own kitchen, providing an excellent opportunity for rental income, multi-generational living, or a private home office.
Significant peace of mind is provided by the recent replacement of the HVAC, roof, water heater, and electrical panel within the last three years, reducing immediate maintenance concerns.
Despite modern surface upgrades, the 1959 construction may still feature original plumbing or structural elements typical of the era that could require future attention.
Located in an established, high-density area of Phoenix, the property may lack the quiet seclusion or modern curb appeal found in newer suburban developments.
This is the kind of property that's hard to find in Phoenix. 5 beds, 3 baths, no HOA, and tens of thousands put into real upgrades; starting with high-quality flooring throughout, freshly remodeled kitchens and bathrooms, and a new block wall surrounding the entire property. HVAC, roof, water heater, and electrical panel have all been updated/replaced over the past three years. The layout works for a big family, real life, and real storage. The best part? A guest house with its own kitchen, perfect for extended family, rental income, or a private space for work or hobbies. Close freeway access makes commuting and hauling tools easy. No HOA and a large RV gate mean room for trucks, trailers, toys, and freedom. If you need space that actually fits a hardworking family, this one delivers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 97% |
| Baths | 3.0 | 2.0 | 94% |
| Square foot | 2,171 | 1,444 | 97% |
| Lot Size | 9,004 | 7,244 | 79% |
| Price | $415.0K | $283.7K | 96% |
| Price per sq ft | $191 | $156 | 56% |
| Built year | 1959 | 1957 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 1374 | 3% |
Apr 10, 2026
$415,000
$430,000
-3% Price Drop
Initial Listing
Feb 6, 2026
$430,000
Initial Listing