3648 W MORELAND Street, Phoenix, AZ 85009, Phoenix, 85009 - 3 bed, 1 bath
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Phoenix, AZ 85009
This Modernized 1930s Residence is a Strategic Value Purchase listed at $230,000, positioned accurately at its $230,000 Fair Market Value. While reflecting $0 in Instant Equity, the property features a rare 4.99% Assumable FHA Loan, providing massive monthly savings compared to current rates. Boasting a Condition Rating of 3, the interior includes a renovated kitchen with quartz countertops and stainless steel appliances. Although served by schools like Alta E Butler and Carl Hayden High, its proximity to I-10 and the large backyard offer significant utility. This is a strategic acquisition for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3648 W MORELAND Street Subject | $230,000* List Price | 3 | 1 | 1,288 | $179 | - |
A 3735 W MORELAND Street Sold | $185,000 List Price | 3 | 1 | 1,480 | 0.1 mi | |
B 1344 N 39TH Avenue Sold | $221,250 | 3 | 2 | 1,167 | $190 | 0.3 mi |
C 4224 W PORTLAND Street Sold | $270,000 | 3 | 2 | 1,400 | $193 | 0.7 mi |
D 3607 W PALM Lane Sold | $209,900 List Price | 4 | 1 | 1,325 | 0.5 mi | |
E 3648 W PORTLAND Street Sold | $253,080 | 3 | 2 | 1,199 | $211 | 0.1 mi |
F 4224 W PORTLAND Street Sold | $270,000 | 3 | 2 | 1,428 | $189 | 0.7 mi |
G 3326 W CULVER Street Active | $280,000 List Price | 3 | 1 | 1,236 | $227 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant interior updates, particularly in the kitchen which features modern quartz countertops, stainless steel appliances, and updated cabinetry. The living areas include contemporary wood-look tile flooring and recessed lighting. While the structure dates back to 1930, the recent renovations to the primary living spaces and the well-maintained condition of the interior systems align with the 'good' criteria, though the single-bathroom layout and older utility area prevent an 'excellent' rating.
The property features a rare FHA assumable loan at a 4.99% interest rate, offering buyers significant monthly savings and a competitive edge over current market rates.
The kitchen has been updated with high-end finishes including quartz countertops, stainless steel appliances, and recessed lighting, providing immediate value and aesthetic appeal.
Situated in the heart of Phoenix with nearly immediate access to the I-10, this home is ideally positioned for easy commutes and urban accessibility.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1288, other record living area = 829.
With three bedrooms but only one bathroom, the property may face functional challenges for larger families or multi-tenant rental scenarios.
The local schools carry low ratings, including an elementary school rated 1/10, which may deter family-oriented buyers and impact long-term appreciation.
You will love this adorable home in the heart of Phoenix. It's just minutes from the I-10 so you'll be on your way to wherever you need to go in no time. Large backyard. There are 3 good sized bedrooms, 1 bath, and a large living room area. The kitchen offers tile backsplash, quartz countertops, stainless steel appliances, and recessed lighting. Ideal as a starter home if you're a first time buyer. It also would be a great rental property for an investor. Come take a look for yourself. You won't be disappointed with this one. It's been very well maintained! ASSUMABLE FHA LOAN AT 4.99!! Lock in a rare opportunity to assume a lower-rate mortgage and save money every month compared to today's typical high rates — putting money back in your pocket while securing long-term stability.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 1,288 | 1,275 | 50% |
| Lot Size | 6,003 | 6,373 | 15% |
| Price | $230.0K | $240.5K | 46% |
| Price per sq ft | $179 | $192 | 42% |
| Built year | 1930 | 1953 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 243 | 1215 | 32% |
Aug 26, 2025
$230,000
Initial Listing