530 W VERNON Avenue, Phoenix, AZ 85003, Phoenix, 85003 - 3 bed, 3 bath
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Phoenix, AZ 85003
This Historic Single Family Residence is a Strong Value Opportunity, listed at $837,000—positioned slightly above the $827,373 Fair Market Value. While priced at market, the property offers a Condition Rating of 3, featuring modern updates and a versatile detached casita for rental income or home office use. With a sparkling pool, historic tax benefits, and prime walkability to Downtown Phoenix, this home balances lifestyle appeal with long-term stability. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique urban sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 530 W VERNON Avenue Subject | $837,000* List Price | 3 | 3 | 1,351 | $616 | - |
A 530 W Wilshire Drive Sold | $675,000 | 2 | 1 | 1,107 | $610 | 0.1 mi |
B 302 W CYPRESS Street Sold | $805,000 | 3 | 2 | 1,448 | $556 | 0.2 mi |
C 302 W CYPRESS Street Sold | $805,000 | 3 | 2 | 1,448 | $556 | 0.2 mi |
D 317 W ENCANTO Boulevard Sold | $920,000 | 4 | 3 | 1,599 | $575 | 0.2 mi |
E 317 W ENCANTO Boulevard Sold | $920,000 | 4 | 3 | 1,599 | $575 | 0.2 mi |
F 30 W EDGEMONT Avenue Sold | $868,000 | 3 | 3 | 1,507 | $576 | 0.5 mi |
G 99 W Holly Street Sold | $801,000 | 3 | 2 | 1,268 | $632 | 0.3 mi |
H 530 W WILSHIRE Drive Sold | $675,000 | 2 | 1 | 1,153 | $585 | 0.1 mi |
I 537 W VIRGINIA Avenue Pending | $740,000 List Price | 3 | 2 | 1,217 | $608 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1940, the property has undergone significant modernization including an open-concept layout, engineered wood flooring, and newer appliances. The interior finishes and well-maintained exterior/casita suggest a renovation within the 5-15 year range, making it functional and move-in ready.
Being on the Historic Registry provides unique architectural charm and the significant financial advantage of reduced property taxes for the owner.
The separate guest house with its own kitchenette and bathroom offers excellent flexibility for rental income, a private home office, or guest accommodations.
The property boasts an exceptional location that is walkable and bikeable to Downtown Phoenix, Roosevelt Row, and the light rail, catering to a high-demand urban lifestyle.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7000, other record lot size in square feet = 6861. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1351, other record living area = 1062.
At a list price of $837,000 for 1,351 square feet, the property commands a significant premium that may exceed the budget of many buyers in this segment.
The local public schools carry average ratings (ranging from 3 to 5), which may be a concern for families prioritizing top-tier educational districts.
This gem sits on the Historic Registry* and delivers the kind of charm and versatility that's increasingly rare to find. The main home offers 2 bedrooms and 2 bath with an open concept floorplan, engineered wood flooring, fireplace, newer appliances, and an inviting flow from the front porch to the backyard. A sparkling pool and lush landscaping create a very PRIVATE oasis right in the city. A detached casita with its own bathroom and kitchenette- perfect for guests, a home office, art studio, pool house or even rental income. Add a covered carport parking, synthetic turf in front, 10X 15 shed with electric and auto irrigation. Bike and Walkable to Downtown Phoenix, Roosevelt Row, Encanto Park, the light rail, and some of the city's fines restaurants. (*reduced property taxes)
No exterior & parking available.
Grades PK-8 • 0.8 mi
Grades PK-8 • 1.1 mi
Grades PK-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,351 | - |
| Lot Size | 7,000 | - |
| Price | $837.0K | $495.4K |
| Price per sq ft | $620 | $290 |
| Built year | 1940 | 0 |
| HOA | $0 | $0 |
| Days on market | 42 | 1260 |
Jun 11, 2026
$837,000
Initial Listing