4340 E AMBER RIDGE Way, Phoenix, AZ 85048, Phoenix, 85048 - 3 bed, 2 bath
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Phoenix, AZ 85048
This property presents a High-Potential Investment Opportunity with a List Price of $405,000—positioned well below the $398,495 Fair Market Value (Note: Market adjustment reflects current condition). The home features a rare VA-assumable loan at 2.99%, providing significant long-term interest savings. With a Fair Condition Rating, the property requires cosmetic updates to reach its full potential. Located in the top-rated Kyrene School District, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4340 E AMBER RIDGE Way Subject | $405,000* List Price | 3 | 2 | 1,352 | $295 | - |
A 4339 E brookwood Court Sold | $320,000 List Price | 3 | 2 | 1,352 | 0.1 mi | |
B 4425 E HIDDENVIEW Drive Sold | $430,000 | 3 | 2 | 1,300 | $331 | 0.3 mi |
C 16241 S 40TH Way Sold | $449,500 List Price | 2 | 2 | 1,350 | 0.5 mi | |
D 16044 S 41ST Place Sold | $430,000 | 3 | 2 | 1,443 | $298 | 0.3 mi |
E 4741 E TANGLEWOOD Drive Sold | $459,000 List Price | 3 | 2 | 1,392 | 0.6 mi | |
F 4423 E Amberwood Drive Sold | $446,000 | 3 | 3 | 1,491 | $299 | 0.3 mi |
G 4717 E ASHURST Drive Sold | $475,000 List Price | 3 | 2 | 1,622 | 0.7 mi | |
H 4240 E AMBERWOOD Drive Active | $499,999 List Price | 3 | 2 | 1,551 | $322 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991 (33 years old), the property features a dated kitchen with original oak cabinetry, laminate countertops, and white appliances. While the listing suggests only minor repairs, paint, and cleaning are needed to 'make it shine,' the home lacks modern updates to systems and finishes, placing it firmly in the fair category due to its age and 90s-era aesthetic.
The property features a VA-assumable loan with a 2.99% interest rate on a $312K balance, offering a massive financial advantage and monthly savings for qualified buyers in the current rate environment.
Situated in the highly desirable Ahwatukee area, the home is zoned for the top-rated Kyrene School District and Desert Vista High School, ensuring strong long-term resale value.
The single-level, open floorplan utilizes vaulted ceilings and a split-bedroom layout to maximize the 1,352 square feet, eliminating wasted hallway space for a more spacious feel.
The home requires a 'sweat equity' investment, specifically needing fresh paint, deep cleaning, and minor repairs to restore it to its full market potential.
The reliance on 2016 listing photos to demonstrate potential suggests that the current interior condition and finishes may be significantly aged or neglected.
Are you the buyer to leverage this discounted property and make is shine again? Several pictures from 2016 show property's potential. This home just needs fresh paint, cleaning and a few minor repairs. VA buyers can fully assume the $312K remaining loan at 2.99%. This 3BR/2BA single-level home in highly desirable Ahwatukee & located in the top-rated Kyrene School District ! Open floorplan eliminates hallways to maximize space, featuring a private split-bedroom layout and soaring vaulted ceilings. Tile is beige brown color in main areas which is perfect for todays brown schemes. Large back yard with extensive covered patio and Saltillo tile, perfect for outdoor entertaining with flagstone leading up to a beehive fireplace and built-in seating bench.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades 6-8 • 2.2 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,352 | - |
| Lot Size | 6,103 | - |
| Price | $405.0K | $495.4K |
| Price per sq ft | $300 | $290 |
| Built year | 1991 | 0 |
| HOA | $80 | $0 |
| Days on market | 9 | 1260 |
Jul 16, 2026
$405,000
Initial Listing