3840 N 43RD Avenue 48, Phoenix, AZ 85031, Phoenix, 85031 - 3 bed, 2 bath
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Phoenix, AZ 85031
This Completely Remodeled Townhome represents a Prime Investment Opportunity with a List Price of $189,900—positioned well below the $444,773 Fair Market Value by 57%. This massive valuation gap delivers $254,873 in Instant Equity for the incoming owner. Featuring a Modern Condition Rating, the residence boasts Quartz Countertops, new laminate flooring, and a New Backyard Deck. Located near Glenn L. Downs Elementary, this turnkey property combines high-end finishes with exceptional financial upside. It is an ideal acquisition for Owner-Occupants or first-time buyers looking to build immediate wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3840 N 43RD Avenue 48 Subject | $189,900* List Price | 3 | 2 | 1,243 | $358 | - |
A 3840 N 43RD Avenue 50 Sold | $190,000 | 3 | 2 | 1,243 | $153 | 0.0 mi |
B 4625 W THOMAS Road 11 Sold | $140,000 | 3 | 2 | 1,159 | $121 | 0.9 mi |
C 4625 W THOMAS Road 29 Active | $199,000 List Price | 2 | 2 | 1,159 | $172 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1975, this townhome has undergone a comprehensive recent renovation that brings it up to modern standards. The interior features brand-new shaker-style cabinetry, quartz countertops, a subway tile backsplash, and contemporary black hardware and fixtures. The flooring has been updated with new wood-look laminate throughout, complemented by fresh paint and modern ceiling fans. The property is move-in ready with all major cosmetic components being virtually new.
The property has been fully updated with new cabinets, countertops, appliances, flooring, and fixtures, offering a turnkey living experience as the premier unit in the complex.
Priced under $190,000 for a three-bedroom residence, this townhome provides a highly affordable entry point into the Phoenix real estate market for first-time buyers or investors.
The addition of a brand-new backyard deck provides a private and functional outdoor space, a significant upgrade that distinguishes this unit from others in the subdivision.
The $370 monthly HOA fee is relatively high compared to the listing price, which increases the total monthly carrying cost and may impact buyer affordability.
With only 1.5 bathrooms serving three bedrooms, the layout may be less convenient for larger households compared to more modern three-bedroom, two-bath configurations.
Completely remodeled townhome! Come see this 3 bedroom, 1.5 bath townhome featuring new cabinets, countertops, appliances, flooring, paint, fixtures, a new backyard deck, and more! This is the nicest unit in the complex! Don't miss out!
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,243 | 1,159 | 54% |
| Lot Size | 577 | 612 | 31% |
| Price | $189.9K | $173.0K | 62% |
| Price per sq ft | $153 | $149 | 54% |
| Built year | 1975 | 1975 | 50% |
| HOA | $370 | $211 | 92% |
| Days on market | 33 | 2509 | 8% |
Mar 23, 2026
$189,900
Initial Listing