4848 W HIGHLAND Avenue, Phoenix, AZ 85031, Phoenix, 85031 - 3 bed, 2 bath
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Phoenix, AZ 85031
This property presents a High-Potential Investment Opportunity, though it is currently listed at $350,000, which is above the $243,508 Fair Market Value. Given the Poor Condition Rating and the need for a full interior rehab, the property requires significant capital expenditure to modernize its 1955 infrastructure. However, the 1,708 sqft layout, diving pool, and large backyard provide a solid foundation for value-add renovations. This asset is best suited for Fix-and-Flip Investors or Contractors capable of executing a comprehensive modernization strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4848 W HIGHLAND Avenue Subject | $350,000* List Price | 3 | 2 | 1,708 | $143 | - |
A 4306 N 50th Avenue Sold | $282,490 | 3 | 2 | 1,189 | $238 | 0.5 mi |
B 4920 W INDIANOLA Avenue Active | $330,000 List Price | 4 | 2 | 1,649 | $200 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1955, the property retains its original '50s charm' but lacks modern updates. The kitchen features dated laminate countertops and cabinetry, and the bathroom fixtures (including the fountain-graphic tub surround) are well over 30 years old. While the home is maintained, the age of the systems and the need for a full interior rehab to meet modern standards place it in the poor category.
The property features a sought-after diving pool and a large backyard with real grass, providing a premium outdoor living space ideal for the Phoenix climate.
With 1,708 square feet including three bedrooms, a den, and a classic Arizona room, the layout offers significant flexibility for families or those needing a home office.
The absence of a homeowners association allows for lower monthly carrying costs and greater freedom for the owner to personalize the property without restrictive covenants.
Built in 1955, the home's '50s charm' may imply dated electrical, plumbing, or cosmetic finishes that could require modernization to meet contemporary standards.
With 112 days on the market, the property has a higher-than-average market time, which may lead to concerns regarding pricing strategy or underlying buyer hesitations.
Buy Now, Play Now! Built by John F Long, this is the perfect Phoenix getaway home or full-time residence. Step inside and you will feel right at home. Entertain your friends & family with the diving pool and a big backyard with real grass. Three bedrooms, two bathrooms, a den and even an Arizona room, full of old-style 50s charm. Now there is a home as individual as you are. Without a doubt, it is priced to make you the lucky new owner. Nearby you'll find a fun neighborhood park, shopping, dining, and other recreation. Move-in ready for a summer full of fun in Phoenix! It's impossible to be bored when you live in the "Valley of the Sun." This area offers scenic beauty, miles of natural parkland, picturesque lakes, and a wide variety of activities, events, and attractions for every interest. Surrounding cities and metropolitan areas offer a unique mix of culture, shopping, sports stadiums, concert arenas, and attractions ranging from the cosmopolitan to the Southwestern.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,708 | - |
| Lot Size | 6,199 | - |
| Price | $350.0K | $495.4K |
| Price per sq ft | $205 | $290 |
| Built year | 1955 | 0 |
| HOA | $0 | $0 |
| Days on market | 161 | 1260 |
Feb 12, 2026
$350,000
Initial Listing