40404 N NEW RIVER Road, Phoenix, AZ 85086, Phoenix, 85086 - 1 bed, 2 bath
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Phoenix, AZ 85086
Analysis of 40404 N NEW RIVER Road, Phoenix, AZ 85086 is currently available with a list price of $549,800. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
While built in 1992, the property has undergone recent significant updates including new flooring, fresh interior/exterior paint, and a kitchen refresh with quartz countertops and new appliances. Critical systems are well-addressed with a brand-new septic system, new water storage tank, and a re-coated roof, making it move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 46306, living area = 1196.
The home is move-in ready with fresh interior and exterior paint, new flooring throughout, and a fully updated kitchen featuring quartz countertops and new appliances.
Situated on over an acre, the property includes a separate workshop with guesthouse potential and extensive new fencing and gating for maximum privacy and security.
With only one bedroom, the property may have limited appeal for families or buyers requiring multiple dedicated sleeping quarters without further construction.
At nearly $550,000 for a 1,196 square foot home, the price per square foot is high, placing a heavy premium on the land and outbuilding potential rather than existing living space.
Updated and move-in ready 1 bedroom, 2 bath property with room to grow! This charming home has been freshly painted inside and out and features new flooring throughout, including tile, carpet, and wood finishes. The updated kitchen offers beautiful quartz countertops, new appliances, and plenty of functionality. Outside, you'll find a separate workshop that could easily be converted into a guesthouse, studio, or additional living space. The property has been improved with extensive new fencing and is fully fenced and gated for added privacy and security. Additional upgrades include a re-coated roof, a brand-new septic system to be installed, and a new water storage tank in addition to the shared well. A great opportunity with thoughtful updates and versatile potential!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 4.0 | 0% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 1,196 | 2,172 | 2% |
| Lot Size | 46,306 | 7,738 | 88% |
| Price | $549.8K | $460.0K | 65% |
| Price per sq ft | $460 | $238 | 98% |
| Built year | 1992 | 2003 | 2% |
| HOA | $0 | $259 | 18% |
| Days on market | 23 | 1892 | 0% |
Jun 1, 2026
$549,800
$549,900
+0% Price Increase
Initial Listing
May 14, 2026
$549,900
Initial Listing