4507 E GATEWOOD Road, Phoenix, AZ 85050, Phoenix, 85050 - 4 bed, 3 bath
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Phoenix, AZ 85050
This Spacious Desert Ridge Residence is a High-Potential Investment Opportunity, listed at $685,000—positioned well below the $767,019 Fair Market Value by 10%. This valuation gap provides $82,019 in Instant Equity for buyers. While maintaining a Fair Condition Rating with original 1997 finishes, the home features a brand-new roof, private pool, and mountain views from the balcony. Located on an oversized cul-de-sac near the 10/10 rated Desert Trails Elementary, it offers significant upside through cosmetic modernization. This is an ideal acquisition for Owner-Occupants seeking value or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4507 E GATEWOOD Road Subject | $685,000* List Price | 4 | 3 | 2,472 | $310 | - |
A 4406 E GATEWOOD Road Sold | $575,000 List Price | 4 | 3 | 2,041 | 0.1 mi | |
B 22608 N 40TH Place Sold | $558,500 List Price | 4 | 2 | 2,252 | 0.7 mi | |
C 22012 N 44TH Place Sold | $700,000 | 4 | 2 | 2,046 | $342 | 0.2 mi |
D 22012 N 44TH Place Sold | $700,000 | 4 | 2 | 2,047 | $342 | 0.2 mi |
E 4527 E GATEWOOD Road Sold | $725,000 List Price | 4 | 3 | 2,041 | 0.1 mi | |
F 4506 E LONE CACTUS Drive Sold | $600,000 | 4 | 2 | 1,962 | $306 | 0.0 mi |
G 4705 E JAEGER Road Active Under Contract | $675,000 List Price | 4 | 3 | 2,042 | $331 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997, this property is well-maintained and move-in ready but shows significant signs of being outdated. The kitchen retains its original oak cabinetry and older countertops, and the flooring consists of dated ceramic tile and basic carpeting. While the home benefits from a brand-new roof and updated stainless steel appliances in the kitchen, the overall interior style, including light fixtures and ceiling fans, has not undergone a major renovation since construction, placing it firmly in the 'fair' category.
Elementary School: Desert Trails Elementary School (10/10).
Situated in one of North Phoenix's most desirable neighborhoods, this property offers unparalleled access to High Street, Desert Ridge Marketplace, and top-tier schools with ratings as high as 10/10.
The oversized cul-de-sac lot combined with the advantage of having only single-level neighbors ensures a private and quiet living environment that is rare for the area.
With a build date of 1997, the interior may require cosmetic modernizations to align with the contemporary luxury standards expected in the Desert Ridge market.
The $222 association fee adds a consistent monthly carrying cost that budget-conscious buyers will need to factor into their long-term ownership plans.
Set within the highly sought-after Desert Ridge area, this property presents a compelling opportunity to secure a foothold in one of North Phoenix's most desirable neighborhoods. Situated on an oversized, private cul-de-sac lot with only single-level home neighbors, it offers both privacy and space. A rare 4-bedroom layout, sparkling pool, low-maintenance landscaping, and a brand new roof provide a solid foundation for investment. An RV gate adds additional flexibility, ideal for storage or recreational use. Located in the heart of Desert Ridge, the home offers effortless access to High Street, Desert Ridge Marketplace, key freeway routes, and the upcoming Sprouts flagship store and Trader Joe's, placing dining, retail, and everyday convenience just minutes away.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades PK-6 • 0.8 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 58% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,472 | 1,962 | 73% |
| Lot Size | 7,708 | 6,106 | 73% |
| Price | $685.0K | $500.0K | 77% |
| Price per sq ft | $277 | $297 | 43% |
| Built year | 1997 | 1998 | 50% |
| HOA | $222 | $132 | 82% |
| Days on market | 27 | 1589 | 0% |
Mar 26, 2026
$685,000
Initial Listing