5308 W LEWIS Avenue W, Phoenix, AZ 85035, Phoenix, 85035 - 4 bed, 2 bath
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Phoenix, AZ 85035
This property presents a High-Potential Investment Opportunity with a List Price of $295,000—positioned well below the $279,203 Fair Market Value by -5%. While the property requires significant rehabilitation due to its Condition Rating of 5, the 4-bedroom layout and No HOA Restrictions provide a flexible foundation for value-add strategies. The large backyard and patio offer functional outdoor space, though buyers should account for local school ratings. This asset is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project with significant upside potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5308 W LEWIS Avenue W Subject | $279,900* List Price | 4 | 2 | 1,403 | $195 | - |
A 5442 W Edgemont Avenue Sold | $248,500 | 4 | 2 | 1,303 | $191 | 0.4 mi |
B 2323 N 49TH Drive Sold | $330,000 List Price | 3 | 2 | 1,350 | 0.5 mi | |
C 5201 W Cypress Street Sold | $285,000 List Price | 4 | 2 | 1,912 | 0.2 mi | |
D 5150 W HUBBELL Street Sold | $320,000 List Price | 4 | 2 | 1,769 | 0.3 mi | |
E 5829 W CORONADO Road Sold | $296,000 | 3 | 2 | 1,240 | $239 | 0.8 mi |
F 5231 W CAMBRIDGE Avenue Pending | $249,900 List Price | 3 | 2 | 1,464 | $171 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1965 (59 years old) and sold in 'As-Is' condition with no mentioned renovations; the property shows significant deferred maintenance and requires a full rehabilitation of the interior and likely the major systems.
Priced under $300,000 for a 4-bedroom home, this property offers exceptional value and a low entry point for investors or first-time buyers in the Phoenix market.
The absence of a homeowners association fee provides owners with greater financial flexibility and the freedom to manage the property without restrictive community rules.
With four bedrooms, a two-car garage, and a block-fenced backyard, the home provides a practical and secure configuration that is highly sought after by larger families.
The property is being sold in as-is condition, which implies the need for immediate capital investment to address potential repairs or deferred maintenance.
The assigned local schools have relatively low performance ratings, which may be a drawback for families prioritizing high-ranking educational districts.
4 BEDR/ 2 BATH HOME WITH 2CG, LARGE BACK PATIO, BLOCK FENCED BACKYARD. Property in As-Is condition
No exterior & parking available.
Grades K-8 • 0.4 mi
Grades K-8 • 0.7 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,403 | - |
| Lot Size | 6,303 | - |
| Price | $279.9K | $495.4K |
| Price per sq ft | $200 | $290 |
| Built year | 1965 | 0 |
| HOA | $0 | $0 |
| Days on market | 69 | 1260 |
Jul 10, 2026
$279,900
$289,900
-3% Price Drop
Initial Listing
Jun 8, 2026
$289,900
$295,000
-2% Price Drop
Initial Listing
May 15, 2026
$295,000
Initial Listing