5202 N 42ND Lane, Phoenix, AZ 85019, Phoenix, 85019 - 2 bed, 2 bath
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Phoenix, AZ 85019
This Recently Remodeled Townhouse represents a Prime Investment Opportunity with a List Price of $169,000—positioned well below the $365,011 Fair Market Value by 53%. This significant valuation gap provides $196,011 in Instant Equity. Boasting a Move-In Ready Condition Rating, the interior features updated shaker cabinetry and wood-look flooring. Its strategic location near Grand Canyon University ensures high rental demand and long-term appreciation. This high-yield asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking immediate wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5202 N 42ND Lane Subject | $169,000* List Price | 2 | 2 | 924 | $395 | - |
A 5203 N 42ND Drive Sold | $194,000 | 2 | 1 | 1,005 | $193 | 0.0 mi |
B 4615 N 39TH Avenue 6 Sold | $174,000 | 2 | 2 | 1,020 | $171 | 0.8 mi |
C 4107 W WONDERVIEW Road Sold | $212,000 | 3 | 1 | 1,005 | $211 | 0.2 mi |
D 4107 W WONDERVIEW Road Sold | $212,000 | 3 | 1 | 1,005 | $211 | 0.2 mi |
E 3957 W READE Avenue Sold | $160,000 List Price | 3 | 1 | 1,005 | 0.3 mi | |
F 3944 W CAMELBACK Road Sold | $198,500 List Price | 2 | 1 | 924 | 0.4 mi | |
G 5221 N 42ND Lane Active | $165,000 List Price | 2 | 1 | 924 | $179 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone a recent remodel as evidenced by the updated white shaker-style kitchen cabinetry, marble-look laminate countertops, and modernized bathroom vanities. While the structure dates back to 1972, the interior features fresh paint and a combination of functional tile and newer wood-look flooring. It does not reach the 'excellent' level due to the retention of some dated elements like popcorn ceilings and older-style floor tiles in the main living area.
The property's proximity to Grand Canyon University (GCU) makes it a highly attractive option for student housing or a consistent rental investment.
Recently remodeled, this townhouse offers updated finishes and a move-in-ready condition, reducing the need for immediate capital expenditure.
Situated on a corner lot just steps from the community pool, the unit benefits from better accessibility and a more open feel compared to interior units.
With only 924 square feet distributed over two stories, the interior may feel restrictive for families or those requiring significant storage.
The 1.5-bath layout, featuring only one full bathroom, can be a functional drawback for multi-occupant households or roommates.
Blending timeless appeal with modern comfort, recently remodeled, 2-bedroom, 1.5-bath, two-story townhouse offers the perfect balance of style and convenience. Ideally situated on a desirable corner lot, this charming home is just steps away from the sparkling community pool. Inside, you'll find a welcoming family room, an inviting eat-in kitchen, and an upstairs master bedroom for added privacy. Whether you're looking for a cozy family home or a smart investment property, this townhouse, which is close to GCU, delivers comfort, function, and location all in one!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.0 | 69% |
| Square foot | 924 | 1,005 | 31% |
| Lot Size | 931 | 1,790 | 31% |
| Price | $169.0K | $174.0K | 46% |
| Price per sq ft | $183 | $171 | 54% |
| Built year | 1972 | 1972 | 50% |
| HOA | $261 | $148 | 85% |
| Days on market | 48 | 1261 | 8% |
Mar 9, 2026
$169,000
Initial Listing