4008 W Nancy Lane, Phoenix, AZ 85041, Phoenix, 85041 - 3 bed, 2 bath
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Phoenix, AZ 85041
This Single Family Residence represents a High-Potential Investment Opportunity with a List Price of $300,000—positioned well below the $288,233 Fair Market Value by -4%. While the property requires updates given its Condition Rating of 4, the inclusion of a separate mother-in-law suite provides immediate rental income potential or multigenerational flexibility. Situated near the top-rated Vista Del Sur Traditional School, this asset is ideal for Buy-and-Hold Investors or first-time buyers seeking to build equity through strategic cosmetic improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4008 W Nancy Lane Subject | $300,000* List Price | 3 | 2 | 1,115 | $259 | - |
A 3926 W NANCY Lane Sold | $340,000 | 4 | 2 | 1,115 | $305 | 0.1 mi |
B 4153 W Nancy Lane Sold | $210,000 List Price | 3 | 2 | 1,056 | 0.2 mi | |
C 4153 W Nancy Lane Sold | $240,000 List Price | 3 | 2 | 1,056 | 0.2 mi | |
D 3741 W SUNLAND Avenue Sold | $371,000 | 4 | 2 | 1,511 | $246 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the property shows signs of partial renovation including a modern walk-in shower and newer laminate flooring. However, the kitchen features older cabinets that have been painted over, and the presence of popcorn ceilings and 'as-is' listing status indicates the home is dated and requires further minor repairs or updates to be fully modernized.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7362, living area = 1115.
Middle School: Vista Del Sur Traditional School (10/10).
The property features a separate mother-in-law suite with its own bathroom, providing excellent flexibility for multigenerational living, a home office, or potential rental income.
The property is being sold in its current condition, which implies the need for immediate investment in repairs or modernization to bring it up to contemporary standards.
Built in 1963, the home may have original systems or structural elements that require updates to meet modern efficiency and safety expectations.
Great opportunity to own an affordable home in a rapidly growing Phoenix area! This 3 bedroom, 1 bathroom home offers approximately 1,115 SQFT on a spacious lot with no HOA. Property presents excellent potential for investors, first-time buyers, or families looking for a starter home. Home also features a separate mother-in-law suite with its own bathroom, offering great flexibility for multigenerational living, rental income potential, or an easy conversion into a 4 bedroom home. Super low property taxes of only approximately $435/year help keep monthly ownership costs affordable. Conveniently located near shopping, dining, schools, parks, and freeway access. Home is being sold in its current condition and offers plenty of upside potential for the next owner. Don't miss this value-packed
No exterior & parking available.
Grades PK-8 • 0.7 mi
Grades K-8 • 1.3 mi
Grades K-8 • 1.7 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 | 1,115 | 1,760 | 11% |
| Lot Size | 7,362 | 6,576 | 65% |
| Price | $300.0K | $347.0K | 38% |
| Price per sq ft | $269 | $195 | 85% |
| Built year | 1963 | 2004 | 17% |
| HOA | $0 | $67 | 31% |
| Days on market | 15 | 742 | 0% |
May 28, 2026
$300,000
Initial Listing