4006 N 88TH Lane, Phoenix, AZ 85037, Phoenix, 85037 - 3 bed, 2 bath
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Phoenix, AZ 85037
This Move-In Ready Single-Family Residence is a High-Potential Investment Opportunity, listed at $329,000—positioned well below the $373,864 Fair Market Value by 12%. This valuation gap offers $44,864 in Instant Equity. The home features a Condition Rating of 3 with a Modernized Kitchen, No HOA restrictions, and a private patio. Schools like Pendergast Elementary and Copper Canyon High have lower ratings, but the turnkey interior and Westgate proximity drive strong rental appeal. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4006 N 88TH Lane Subject | $329,000* List Price | 3 | 2 | 1,258 | $262 | - |
A 8921 W Fairmount Avenue Sold | $385,000 | 4 | 2 | 1,331 | $289 | 0.1 mi |
B 8810 W VALE Drive Sold | $325,000 | 3 | 2 | 1,256 | $259 | 0.1 mi |
C 4026 N 88TH Lane Sold | $320,000 | 2 | 2 | 1,258 | $254 | 0.0 mi |
D 4026 N 88TH Lane Sold | $320,000 | 2 | 2 | 1,258 | $254 | 0.0 mi |
E 8810 W VALE Drive Sold | $325,000 | 3 | 2 | 1,256 | $259 | 0.1 mi |
F 8810 W VALE Drive Sold | $325,000 | 3 | 2 | 1,406 | $231 | 0.1 mi |
G 8926 W VALE Drive Active | $354,000 List Price | 3 | 4 | 1,258 | $281 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant recent interior updates that elevate it above the 'fair' category typical for its 1991 build year. The kitchen has been modernized with contemporary white cabinetry, quartz countertops, a black subway tile backsplash, and stainless steel appliances. The flooring has been updated to a consistent wood-look tile in the main areas and laminate in the bedrooms, eliminating dated carpeting. While the exterior and garage show standard age-related wear, the primary living spaces and bathrooms have been refreshed to meet current market styles and functional standards.
Priced below market value with an estimated lender approval at 88% of market value, this property offers a rare opportunity for immediate equity upon closing.
The home features a recently updated kitchen with sleek countertops and modern appliances, plus refreshed bathrooms, making it a move-in-ready option in its price point.
The absence of a homeowner association eliminates monthly fees and restrictive covenants, providing the owner with greater financial freedom and property flexibility.
The short sale status requires third-party lender approval, which typically involves longer closing timelines and more procedural uncertainty than a standard equity sale.
The local schools carry lower ratings (3/10 and 4/10), which may be a drawback for families prioritizing education or impact long-term resale value.
Priced below market and already in lender review, this is your chance to secure a great home at a great value. Short sale in progress with seller package complete, appraisal scheduled, and estimated approval around 88% of market value. Inside, you'll find a move-in ready 3-bedroom, 2-bath home with no HOA, a recently updated kitchen with modern appliances and sleek countertops, refreshed bathrooms, and a bright, open layout that's perfect for everyday living or entertaining. Quick access to the 101 and I-10 puts shopping, dining, and State Farm Stadium just minutes away. Opportunities like this don't last. Early offers receive priority once bank approval is issued.
No exterior & parking available.
Grades PK-8 • 0.3 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,258 | 1,776 | 13% |
| Lot Size | 3,994 | 6,161 | 13% |
| Price | $329.0K | $355.0K | 44% |
| Price per sq ft | $262 | $198 | 87% |
| Built year | 1991 | 1998 | 32% |
| HOA | $0 | $48 | 42% |
| Days on market | 95 | 342 | 4% |
Jan 21, 2026
$329,000
Initial Listing