4523 E Phelps Road, Phoenix, AZ 85032, Phoenix, 85032 - 4 bed, 2 bath
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Phoenix, AZ 85032
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $689,000, which is positioned slightly above the $680,659 Fair Market Value. Despite the minor premium, the property boasts a Mint Condition Rating following a high-quality modern renovation. Featuring a New Heated Pool, Updated Kitchen, and a massive 10,990 sqft corner lot, this home offers an exceptional lifestyle near the PV Reimagined project. With no HOA restrictions, this property is an ideal acquisition for Owner-Occupants seeking a move-in ready sanctuary or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4523 E Phelps Road Subject | $650,000* List Price | 4 | 2 | 1,762 | $369 | - |
A 4568 E PARADISE Lane Sold | $794,430 | 4 | 2 | 2,414 | $329 | 0.4 mi |
B 4335 E Betty Elyse Lane Sold | $660,000 | 3 | 2 | 1,784 | $370 | 0.8 mi |
C 4635 E KINGS Avenue Sold | $575,000 | 3 | 2 | 2,195 | $262 | 0.2 mi |
D 4414 E LE MARCHE Avenue Sold | $830,000 | 3 | 3 | 2,017 | $412 | 0.4 mi |
E 4335 E BETTY ELYSE Lane Sold | $660,000 | 3 | 2 | 1,716 | $385 | 0.8 mi |
F 4635 E KINGS Avenue Sold | $575,000 | 3 | 2 | 2,195 | $262 | 0.2 mi |
G 4349 E BLUEFIELD Avenue Sold | $589,000 List Price | 4 | 3 | 1,817 | 1.0 mi | |
H 4444 E DANBURY Road Sold | $695,000 | 3 | 2 | 2,024 | $343 | 0.4 mi |
I 4632 E KINGS Avenue Active | $770,000 List Price | 3 | 2 | 2,000 | $385 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1979, the property has undergone a high-quality modern renovation within the last 5 years. The kitchen features contemporary flat-panel cabinetry, quartz countertops, and stainless steel appliances. The addition of a new heated pool (<4 years old) and updated interior finishes throughout indicate a mint-condition, move-in ready home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10990, living area = 1762.
The property features a newer heated pool installed less than four years ago on an expansive corner lot with an RV gate, providing exceptional value for Arizona's outdoor lifestyle.
Ideally positioned near the PV Reimagined redevelopment project and Desert Ridge, offering residents excellent shopping, dining, and rapid access to the 101 and 51 freeways.
Originally built in 1979, the home may require upcoming capital expenditures for major systems like the roof or plumbing that typically reach their end-of-life cycle in properties of this age.
At nearly $391 per square foot, the listing price is positioned at the higher end for a 1,762 sqft home of this vintage, which may impact appraisal valuations.
Wow this house has it all! Nestled on a large premium corner lot with a NEW heated pool built less than 4 years ago. 2 car garage, and an RV gate with a large side and backyard. Come inside to discover a cozy living area with 4 bedrooms and 2 bathrooms. The updated kitchen is well-equipped with modern appliances. Conveniently located near PV Reimagined, Desert Ridge, the 101 & 51.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,762 | - |
| Lot Size | 10,990 | - |
| Price | $650.0K | $495.4K |
| Price per sq ft | $369 | $290 |
| Built year | 1979 | 0 |
| HOA | $0 | $0 |
| Days on market | 81 | 1260 |
Jun 11, 2026
$650,000
$689,000
-6% Price Drop
Initial Listing
May 3, 2026
$689,000
Initial Listing