4031 E Nancy Lane, Phoenix, AZ 85042, Phoenix, 85042 - 5 bed, 2 bath
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Phoenix, AZ 85042
This Spacious Single-Story Home represents a Strong Value Opportunity, listed at $449,000—positioned well below the $476,804 Fair Market Value by 5%. This valuation gap offers $27,804 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the home includes a New Kitchen, New AC (2022), and New Roof (2019). Its strategic location near I-10 and ASU ensures high rental demand. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in-ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4031 E Nancy Lane Subject | $449,000* List Price | 5 | 2 | 1,964 | $243 | - |
A 4325 E VINEYARD Road Sold | $385,000 | 5 | 3 | 1,548 | $249 | 0.5 mi |
B 3929 E CARTER Drive Sold | $565,000 | 3 | 2 | 2,020 | $280 | 0.5 mi |
C 6827 S 39TH Place Sold | $425,000 | 3 | 2 | 1,766 | $241 | 0.4 mi |
D 3929 E CARTER Drive Sold | $565,000 | 3 | 2 | 2,020 | $280 | 0.5 mi |
E 3929 E CARTER Drive Sold | $565,000 | 3 | 2 | 2,020 | $280 | 0.5 mi |
F 3929 E CARTER Drive Sold | $565,000 | 3 | 2 | 2,020 | $280 | 0.5 mi |
G 4723 E VINEYARD Road Sold | $405,000 | 4 | 2 | 1,597 | $254 | 0.9 mi |
H 4307 E SOUTHERN Avenue Active | $390,000 List Price | 5 | 2 | 1,584 | $246 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent remodel (within the last 5 years) including a brand new kitchen with stainless steel appliances, updated bathrooms, new cabinets, and new double-pane windows. Major systems are in mint condition with a new AC installed in 2022 and a new roof from 2019, requiring no immediate maintenance.
The property features a new AC installed in September 2022 and a new roof from May 2019, providing peace of mind and reducing near-term maintenance costs.
Extensive renovations including a new kitchen with updated appliances, remodeled bathrooms, and new double-pane windows offer a move-in-ready experience.
The home is ideally situated with quick access to I-10, Phoenix Sky Harbor Airport, and ASU, making it highly attractive for commuters and rental potential.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1964, other record living area = 2285.
With 5 bedrooms but only 2 bathrooms, the home may experience functional congestion for large families or multi-tenant living situations.
Despite the surface-level remodels, the 1974 construction date suggests that some underlying structural or utility components may be nearing the end of their typical lifespan.
Spacious single story home with 5 bedrooms and 2 bathrooms. Remodeled with generous living areas provide room to relax or entertain. New kitchen and appliances, new bathrooms and cabinets. New double pane windows. New AC Sept 2022 and a new roof May of 2019. Ideal location, this home offers quick access to I-10, Phoenix Sky Harbor Airport, Arizona Mills and ASU University.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,964 | - |
| Lot Size | 6,700 | - |
| Price | $449.0K | $495.4K |
| Price per sq ft | $229 | $290 |
| Built year | 1974 | 0 |
| HOA | $0 | $0 |
| Days on market | 2 | 1260 |
Jul 25, 2026
$449,000
Initial Listing