4022 N 55TH Avenue, Phoenix, AZ 85031, Phoenix, 85031 - 4 bed, 2 bath
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Phoenix, AZ 85031
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $327,000—positioned well below the $326,399 Fair Market Value by approximately 0%. Featuring a Mint Condition Rating following a full modern renovation, the home includes a Brand-New Kitchen with quartz countertops and new LVP flooring. With a Large Lot Size and No HOA Fees, this property offers immediate utility and long-term flexibility. It is an ideal acquisition for first-time buyers or Owner-Occupants seeking a move-in-ready home in a high-demand Phoenix neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4022 N 55TH Avenue Subject | $365,000* List Price | 4 | 2 | 1,227 | $291 | - |
A 5807 W CHEERY LYNN Road Sold | $375,000 List Price | 4 | 3 | 1,345 | 0.7 mi | |
B 5136 W OSBORN Road Sold | $349,940 | 3 | 2 | 1,320 | $265 | 0.6 mi |
C 4612 N 50TH Drive Sold | $359,900 | 4 | 2 | 1,400 | $257 | 0.9 mi |
D 4423 N 49TH Avenue Sold | $275,000 List Price | 4 | 2 | 1,081 | 0.9 mi | |
E 4724 W MONTEROSA Street Sold | $335,000 | 3 | 2 | 1,460 | $229 | 1.0 mi |
F 4738 W FAIRMOUNT Avenue Pending | $340,000 List Price | 4 | 2 | 1,324 | $257 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1956, the property has undergone a full modern renovation within the last 5 years. The interior features a brand-new kitchen with contemporary cabinetry, quartz countertops, and a large island, along with new LVP flooring and recessed lighting. The exterior shows a new roof, updated windows, and fresh paint, placing it in mint, move-in-ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7732, living area = 1227.
The property went into pending status after only 2 days on the market, demonstrating extremely high demand and a highly competitive price point for the Phoenix area.
With an association fee of $0, this property offers homeowners total freedom from restrictive covenants and reduces monthly carrying costs, making it attractive to both budget-conscious buyers and investors.
Built in 1956, the home may require updates to major systems such as plumbing, electrical, and roofing to meet modern standards and efficiency.
Fitting 4 bedrooms into 1,227 square feet suggests that individual room sizes and common living areas are likely quite compact, which may limit furniture placement and overall spaciousness.
Exceptional opportunity in Phoenix. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,227 | - |
| Lot Size | 7,732 | - |
| Price | $365.0K | $495.4K |
| Price per sq ft | $297 | $290 |
| Built year | 1956 | 0 |
| HOA | $0 | $0 |
| Days on market | 38 | 1260 |
Jun 30, 2026
$365,000
$327,000
+12% Price Increase
Initial Listing
Jun 15, 2026
$327,000
Initial Listing