3115 N 53RD Drive, Phoenix, AZ 85031, Phoenix, 85031 - 4 bed, 2 bath
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3115 N 53RD Drive
Phoenix, AZ 85031
ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,567Sq Ft
8,407Lot Size
Property Price
LIST PRICE$328,000
EST. MARKET VALUE
$318,537
SUMMARY
This 4-bedroom single-family residence represents a High-Potential Investment Opportunity, listed at a List Price of $335,000—positioned slightly above the $329,282 Fair Market Value. While the home maintains a Condition Rating of 4, it offers significant upside through cosmetic modernization of its dated 1956 interiors. The property features a spacious 8,407-square-foot lot and a covered patio, providing excellent utility for future value-add projects. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a functional, flexible floor plan with long-term appreciation potential.
Estimated Market Value
$318,537
Based on Realkey algorithm analyzing recent comparable sales in Phoenix.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3115 N 53RD Drive Subject | $328,000* List Price | 4 | 2 | 1,567 | $203 | - |
A 5216 W MULBERRY Drive Sold | $357,000 | 4 | 2 | 1,624 | $220 | 0.1 mi |
B 5439 W OSBORN Road Sold | $305,000 | 3 | 2 | 1,575 | $194 | 0.2 mi |
C 4201 N 51ST Avenue Sold | $289,000 | 3 | 2 | 1,477 | $196 | 0.9 mi |
D 4943 W FLOWER Street Sold | $329,000 | 4 | 2 | 1,636 | $201 | 0.4 mi |
E 4201 N 49TH Avenue Sold | $333,000 | 4 | 3 | 1,562 | $213 | 1.0 mi |
F 5006 W MERRELL Street Sold | $340,000 | 4 | 2 | 2,048 | $166 | 0.4 mi |
G 2907 N 53RD Avenue Sold | $335,000 | 3 | 2 | 1,680 | $199 | 0.3 mi |
H 2964 N 53RD Drive Active | $299,900 List Price | 4 | 2 | 1,665 | $180 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1956, the property is well-maintained but features dated finishes in the kitchen and bathrooms that appear to be over 20 years old. While functional and move-in ready, the home requires cosmetic modernization and updates to systems to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8407, living area = 1567.
- Generous Lot Size
The property sits on a spacious 8,407-square-foot lot featuring a fully fenced backyard and covered patio, providing ample space for outdoor entertaining and privacy.
- Versatile 4-Bedroom Layout
With four dedicated bedrooms, this home offers rare flexibility for a growing family, guest rooms, or a home office within a functional 1,567-square-foot floor plan.
CONSRISKS & DEFICIENCIES
- Dated Interior Finishes
The 1956 construction features original-style wood cabinetry and extensive carpeting, which may require modern cosmetic updates to appeal to contemporary tastes.
- Lack of Enclosed Garage
The home utilizes a two-car carport rather than a fully enclosed garage, offering less security and protected storage for vehicles and equipment.
About 3115 N 53RD Drive
3115 N 53rd Dr is a single-story Phoenix home built in 1956. The kitchen features wood cabinetry, a tile floor, a built-in wall oven, and a separate cooktop, with a window over the sink. The main living room is carpeted and connects to a family room anchored by a painted brick fireplace. Four carpeted bedrooms provide flexible space, and the two full bathrooms include one with a tub and shower combination and another with a walk-in tile shower and a double vanity. Out back, a covered patio and a tiled patio area overlook a fully fenced backyard on an 8,407-square-foot lot. A two-car carport provides covered parking at the front of the home.. Included 100-Day Home Warranty with buyer activation
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 8,407 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,567 | 1,850.5 |
| Lot Size | 8,407 | 7,313 |
| Price | $328.0K | $481.7K |
| Price per sq ft | $209 | $289 |
| Built year | 1956 | 1987 |
| HOA | $0 | $175 |
| Days on market | 18 | 757 |
Pricing History
Listed for Sale
Aug 7, 2026
$328,000
$335,000
-2% Price Drop
Initial Listing
Price Change
Jul 30, 2026
$335,000
Initial Listing