4507 N 51st Ave Avenue, Phoenix, AZ 85031, Phoenix, 85031 - 3 bed, 2 bath
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Phoenix, AZ 85031
This Functional Single-Family Residence represents a stable entry into the Phoenix market, listed at $299,995—aligning closely with its $289,747 Fair Market Value. Maintaining a Condition Rating of 4, the home features a 1955 vintage character with a New Water Heater and added storage for immediate utility. The standout feature is the Prime Corner Lot with an expansive backyard, Natural Grass, and a Private Patio, offering enhanced privacy with no southern neighbor. This property is a strategic choice for first-time buyers or Buy-and-Hold Investors looking for a functional asset in a central location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4507 N 51st Ave Avenue Subject | $299,995* List Price | 3 | 2 | 1,140 | $254 | - |
A 4634 W WELDON Avenue Sold | $335,000 | 3 | 2 | 988 | $339 | 1.0 mi |
B 4306 N 50th Avenue Sold | $282,490 | 3 | 2 | 1,189 | $238 | 0.3 mi |
C 4328 N 58TH Drive Sold | $315,000 | 3 | 2 | 1,166 | $270 | 0.9 mi |
D 4328 N 58TH Drive Sold | $315,000 | 3 | 2 | 1,166 | $270 | 0.9 mi |
E 4133 N 49TH Avenue Pending | $299,000 List Price | 3 | 2 | 1,116 | $268 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, this property is in functional condition but shows significant signs of age and outdated styling. The kitchen features older oak-style cabinetry and basic countertops, while the interior is finished with dated marbled tile flooring. Although the home appears well-maintained with fresh paint and some updated light fixtures, it lacks a comprehensive modern renovation. The exterior, including the security bars and basic yard state, further aligns with the 'fair' classification for a property that is livable but requires cosmetic and system updates to meet current market standards.
The property is situated on a spacious corner lot with no neighbor to the south, providing enhanced privacy and a more open feel compared to standard interior lots.
Featuring a large backyard and natural grass in both the front and rear, this home offers a lush and functional outdoor environment that is highly desirable for families and pet owners.
The inclusion of a brand-new water heater and added storage space provides immediate utility and reduces near-term maintenance concerns for the buyer.
Built in 1955, the home may require updates to its core systems or cosmetic finishes to meet modern energy efficiency and design standards.
With 1,140 square feet distributed across three bedrooms, the interior living spaces may feel limited for those seeking a more expansive or open-concept floor plan.
Amazing home in the heart of Phoenix. Corner lot with a huge back yard and no neighbor to the south of the home. 3 Bed, 2 bath with a new water heater. Natural Grass both front and back. Added storage.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,140 | 1,416.5 | 18% |
| Lot Size | 5,938 | 7,172 | 1% |
| Price | $300.0K | $283.7K | 56% |
| Price per sq ft | $263 | $156 | 86% |
| Built year | 1955 | 1957 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 1374 | 3% |
Feb 10, 2026
$299,995
Initial Listing