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 $549,700. 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 significant recent renovations including a new kitchen with quartz countertops and stainless appliances, fresh interior/exterior paint, and new flooring throughout. Critical systems are being addressed with a brand-new septic system and water storage tank, making it fully functional and 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 property is move-in ready with fresh interior and exterior paint, new flooring throughout, and a modernized kitchen featuring quartz countertops and new appliances.
Situated on over an acre of fully fenced and gated land, the property includes a separate workshop with significant potential for conversion into a guesthouse or studio.
With only one bedroom, the property may have a restricted buyer pool, particularly among families or those requiring dedicated home office and guest spaces.
Reliance on a shared well rather than a private well or municipal water can lead to complexities regarding shared maintenance costs and long-term water rights management.
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 |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,196 | - |
| Lot Size | 46,306 | - |
| Price | $549.7K | $495.4K |
| Price per sq ft | $460 | $290 |
| Built year | 1992 | 0 |
| HOA | $0 | $0 |
| Days on market | 12 | 1260 |
Jul 12, 2026
$549,700
$549,800
+0% Price Increase
Initial Listing
Jul 10, 2026
$549,800
Initial Listing