4823 W PALM Lane, Phoenix, AZ 85035, Phoenix, 85035 - 4 bed, 2 bath
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Phoenix, AZ 85035
This 4-bedroom short sale represents a High-Potential Investment Opportunity listed at $310,000, which is positioned at its $310,000 Fair Market Value. Currently in Poor Condition, the 1,452-square-foot residence features a functional layout, a private patio, and no HOA restrictions, offering a blank canvas for forced appreciation. With local renovated comparables reaching significantly higher price points, this property serves as a strategic value-add asset. It is an ideal acquisition for Fix-and-Flip Investors or Contractors ready to revitalize a home near Maryvale High School.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4823 W PALM Lane Subject | $310,000* List Price | 4 | 2 | 1,452 | $213 | - |
A 4902 W SHERIDAN Street Sold | $363,000 | 4 | 2 | 1,400 | $259 | 0.4 mi |
B 2323 N 49TH Drive Sold | $344,500 List Price | 4 | 2 | 1,380 | 0.4 mi | |
C 4902 W SHERIDAN Street Sold | $363,000 | 4 | 2 | 1,400 | $259 | 0.4 mi |
D 1830 N 54th Lane Sold | $350,000 | 4 | 2 | 1,500 | $233 | 0.8 mi |
E 5523 W PALM Lane Sold | $399,900 | 4 | 3 | 1,512 | $264 | 0.9 mi |
F 4907 W VERNON Avenue Sold | $335,000 List Price | 4 | 2 | 1,350 | 0.3 mi | |
G 1823 N 48 Avenue Active Under Contract | $334,900 List Price | 4 | 2 | 1,350 | $248 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1971, this property is explicitly marketed as an investor opportunity that needs to be 'brought back to life.' The listing description and AI analysis confirm the need for extensive renovation and significant capital to address deferred maintenance. Visuals show worn carpeting and a neglected backyard, indicating the home requires substantial rehabilitation rather than minor cosmetic updates.
Priced as an approved short sale, this property presents a significant opportunity for investors or handy first-time buyers to build equity through renovation in a competitive market.
With 4 bedrooms and 2 bathrooms across 1,452 square feet, the home offers a functional and generous floor plan that is highly desirable for growing families.
The property has no association fees, providing the homeowner with more financial flexibility and freedom from restrictive community rules.
The short sale status typically involves a more lengthy and unpredictable closing timeline, which may not suit buyers with strict move-in schedules.
The listing indicates the home needs to be 'brought back to life,' implying that significant capital and labor will be necessary to address cosmetic or structural deferred maintenance.
**Short Sale**Price Approved Beginners home or investor's opportunity bring your offers! This 4 bedroom, 2 bathroom is full of potential and waiting for the right buyer to bring it back to life. With good bones, and a spacious layout.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.2 mi
Grades K-5 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,452 | 1,525.5 | 38% |
| Lot Size | 6,504 | 6,303 | 57% |
| Price | $310.0K | $313.3K | 49% |
| Price per sq ft | $213 | $191 | 65% |
| Built year | 1971 | 1975 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 329 | 1060 | 38% |
Jun 1, 2025
$310,000
Initial Listing