4310 N 42ND Place, Phoenix, AZ 85018, Phoenix, 85018 - 3 bed, 2 bath
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Phoenix, AZ 85018
This property represents a High-Potential Investment Opportunity with a List Price of $690,000—positioned well below the $723,335 Fair Market Value by 4%. This valuation gap provides $33,335 in Instant Equity for buyers looking to capitalize on a premium lot. Marketed as a Tear-Down Condition asset, the site offers a 7,636 Sqft Lot with Mountain Views in the prestigious Arcadia Lite neighborhood. Zoned for the top-rated Hopi Elementary School, this high-demand location ensures significant resale value. It is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4310 N 42ND Place Subject | $660,000 | 3 | 2 | 1,806 | $401 | - |
A 4120 E CAMPBELL Avenue Sold | $780,000 | 3 | 2 | 1,780 | $438 | 0.3 mi |
B 4101 E COOLIDGE Street Sold | $599,000 List Price | 3 | 2 | 1,737 | 0.5 mi | |
C 4435 E GLENROSA Avenue Sold | $677,000 | 3 | 2 | 1,688 | $401 | 0.3 mi |
D 4140 E GLENROSA Avenue Sold | $689,000 | 4 | 2 | 1,677 | $411 | 0.1 mi |
E 4219 N 41ST Street Sold | $735,000 List Price | 3 | 2 | 1,905 | 0.2 mi | |
F 4418 E MONTECITO Avenue Sold | $670,000 | 4 | 2 | 1,470 | $456 | 0.2 mi |
G 4310 N 42ND Place Active | $690,000 List Price | 3 | 2 | 1,806 | $382 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is explicitly marketed as a tear-down opportunity for builders and investors. Built in 1953, the home is in its original 'as-is' condition with no major renovations in over 50 years, and the listing emphasizes the value of the lot for new construction.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7636, living area = 1806.
Situated in the highly sought-after Arcadia Lite neighborhood, the property offers a quiet, walkable environment with no through traffic, ensuring privacy and high resale demand.
Featuring parallel lot lines and a flat site, this property serves as an ideal canvas for builders and investors looking to construct a custom luxury home in a premium pocket.
The existing structure is in original 'as-is' condition and is classified as a tear-down, requiring a complete demolition and significant capital for new construction.
At 7,636 square feet, the lot size may restrict the footprint of a new build compared to larger estate lots in the surrounding area, potentially limiting the maximum square footage of a replacement residence.
ATTENTION Builders and Investors; Perfect new build opportunity in a quite and walkable neighborhood in Arcadia Lite. No through traffic. Parallel lot lines. Home is a tear down being sold in its original as is condition.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades 6-8 • 1.6 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 36% |
| Baths | 2.0 | 3.0 | 27% |
| Square foot | 1,806 | 2,705 | 21% |
| Lot Size | 7,636 | 9,936 | 24% |
| Price | $660.0K | $1.15M | 36% |
| Price per sq ft | $365 | $471 | 38% |
| Built year | 1953 | 1961 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 175 | 1537 | 15% |
No pricing history data available.