4240 E AMBERWOOD Drive, Phoenix, AZ 85048, Phoenix, 85048 - 3 bed, 2 bath
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Phoenix, AZ 85048
This Single Family Residence represents a Strong Value Opportunity, listed at $499,999—positioned well below the $455,813 Fair Market Value by -9%. While the property requires cosmetic updates, the Condition Rating of 4 is bolstered by a Brand New HVAC System and newer windows. Located near Top-Rated Schools like Desert Vista High, this home offers a functional layout with a Shaded Backyard and Patio. This is an ideal acquisition for Value-Add Investors or Owner-Occupants looking to build equity through strategic interior modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4240 E AMBERWOOD Drive Subject | $499,999* List Price | 3 | 2 | 1,551 | $294 | - |
A 4423 E Amberwood Drive Sold | $446,000 | 3 | 3 | 1,491 | $299 | 0.2 mi |
B 16044 S 41ST Place Sold | $430,000 | 3 | 2 | 1,443 | $298 | 0.2 mi |
C 4423 E AMBERWOOD Drive Sold | $446,000 | 3 | 2 | 1,491 | $299 | 0.2 mi |
D 4717 E ASHURST Drive Sold | $475,000 List Price | 3 | 2 | 1,622 | 0.6 mi | |
E 16241 S 40TH Way Sold | $449,500 List Price | 2 | 2 | 1,350 | 0.3 mi | |
F 4043 E MOUNTAIN VISTA Drive Sold | $495,000 | 4 | 4 | 1,751 | $283 | 0.3 mi |
G 4043 E MOUNTAIN VISTA Drive Sold | $495,000 | 4 | 4 | 1,751 | $283 | 0.3 mi |
H 4425 E HIDDENVIEW Drive Sold | $430,000 | 3 | 2 | 1,300 | $331 | 0.2 mi |
I 4051 E MOUNTAIN VISTA Drive Pending | $425,000 List Price | 3 | 3 | 1,428 | $298 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, the property is nearly 40 years old. While it features a brand new HVAC system (June 2024) and newer windows, the kitchen and bathrooms remain dated with older oak cabinetry and tile work. The interior shows signs of wear, particularly the stained carpeting, and requires cosmetic updates and minor repairs to meet modern standards.
The property features a brand new HVAC system installed in June and newer energy-efficient windows and Arcadia doors, significantly reducing immediate maintenance costs and improving utility efficiency.
Situated in the desirable Mountainside subdivision, the home offers excellent proximity to top-rated Kyrene schools, local dining, shopping, and convenient freeway access for commuters.
The functional floor plan includes a master suite with a walk-in closet and a flexible third bedroom with French doors, ideal for a dedicated home office or guest space.
Built in 1987, the home may require cosmetic interior updates in the kitchen and bathrooms to align with contemporary design trends and maximize market value.
With a lot size of approximately 5,493 square feet, the outdoor space is relatively compact, which may be a drawback for buyers seeking a large backyard or extensive gardening area.
Your New Home is Waiting for You! This Cherished and Welcoming 3 Bedroom/2 Bath Single Story Home Offers Nice Living Space, Eat in Kitchen, Master Suite with Walk In Closet, Walk In Shower, and Linen Closet, a Third Bedroom with French Doors and Walk In Closet that can be an Office, Inside Laundry, 2 Car Garage, and Shaded Backyard and Patio. Brand New HVAC System Installed the end of June. Newer Windows and Arcadia Doors. Very Nearby Shopping, Restaurants, Freeway Access, Library, Schools, and Much More.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 2.0 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,551 | - |
| Lot Size | 5,493 | - |
| Price | $500.0K | $495.4K |
| Price per sq ft | $322 | $290 |
| Built year | 1987 | 0 |
| HOA | $80 | $0 |
| Days on market | 12 | 1260 |
Jul 10, 2026
$499,999
Initial Listing