4610 N 48TH Drive, Phoenix, AZ 85031, Phoenix, 85031 - 3 bed, 2 bath
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Phoenix, AZ 85031
This Newly Renovated Residence is a Prime Investment Opportunity, listed at $395,000—positioned well below the $412,160 Fair Market Value by 4%. This valuation gap delivers $17,160 in Instant Equity. Boasting a Mint Condition Rating, the home features a designer kitchen, low-e windows, and a massive 11,000 sqft lot with a concrete slab ready for a guest house or workshop. Located walking distance to elementary and charter schools with No HOA, it offers rare lifestyle flexibility. This is an ideal match for Owner-Occupants or multi-generational buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4610 N 48TH Drive Subject | $395,000* List Price | 3 | 2 | 1,800 | $229 | - |
A 4724 W MONTEROSA Street Sold | $335,000 | 3 | 2 | 1,460 | $229 | 0.6 mi |
B 3628 N 49TH Avenue Sold | $395,000 | 4 | 2 | 1,519 | $260 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1955, the property has undergone a complete professional renovation within the last year. It features a brand-new kitchen with stainless steel appliances, fully updated modern bathrooms with new tile and fixtures, new wood-look tile flooring throughout, and new low-e windows. The interior and exterior are in mint, move-in-ready condition with no maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11000, living area = 1800.
The property features a complete professional update including a brand-new kitchen with stainless steel appliances, durable wood-look tile flooring, and energy-efficient low-e windows, offering a turnkey experience for buyers.
Sitting on a massive 11,000 sqft lot with an existing concrete slab, the property provides rare flexibility and space for adding a guest house, workshop, or garage, significantly increasing its long-term value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1800, other record living area = 1460.
While the interior is newly renovated, the original 1955 construction date suggests that underlying structural components or utility systems may be aged compared to newer residential developments.
The use of digital enhancements and virtual furnishings in marketing materials may lead to a discrepancy between the online presentation and the actual physical scale and feel of the vacant rooms during in-person tours.
NEWLY RENOVATED RESIDENCE! The exterior welcomes you with a semi-circle driveway, new landscaping, and a large front patio featuring a cozy firepit. Inside, find 3 spacious bedrooms plus a versatile flex room for an office or gym, all illuminated by brand-new light fixtures throughout the entire home. The heart of the residence is a brand-new kitchen with sleek stainless steel appliances, complemented by durable wood-look tile flooring. Also updated with brand-new low-e windows and window coverings. This home is as efficient as it is beautiful, featuring a newly installed water heater for peace of mind. Situated on a massive 11,000-square-foot lot with an RV gate, the expansive backyard is a rare find designed for entertaining. On the right side of the house, a foundation is already in place, offering the incredible opportunity to build a double-car garage, private guest house, or whatever else you envision! Enjoy being moments from premier shopping and dining, with elementary, middle, and charter schools all within walking distance. NO HOA to limit your vision, this professional renovation offers the space and freedom you've been looking for. Please note that select rooms have been digitally enhanced with premium virtual furnishings to showcase the scale and versatility of the living spaces.
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 | 1,800 | 1,444 | 79% |
| Lot Size | 11,000 | 7,244 | 90% |
| Price | $395.0K | $283.7K | 91% |
| Price per sq ft | $219 | $156 | 74% |
| Built year | 1955 | 1957 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 1374 | 1% |
Apr 18, 2026
$395,000
Initial Listing