531 W VERNON Avenue, Phoenix, AZ 85003, Phoenix, 85003 - 2 bed, 2 bath
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Phoenix, AZ 85003
This Stunning Move-In Ready Home is listed at $825,000, offering exceptional value right at its $846,700 Fair Market Value. Featuring a sparkling pool, refinished hardwood floors, and a detached 2-car garage, the property boasts a Mint Condition Rating following extensive modern renovations. Situated in the prestigious Willo Historic District, the home provides a rare blend of historic character and updated infrastructure. With proximity to top-rated schools like Clarendon School, this property is the perfect fit for professional couples or owner-occupants seeking a polished, stress-free lifestyle in a prime Phoenix location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 531 W VERNON Avenue Subject | $795,000* List Price | 2 | 2 | 1,412 | $590 | - |
A 302 W CYPRESS Street Sold | $805,000 | 3 | 2 | 1,448 | $556 | 0.2 mi |
B 302 W CYPRESS Street Sold | $805,000 | 3 | 2 | 1,448 | $556 | 0.2 mi |
C 510 W LEWIS Avenue Sold | $699,999 | 2 | 1 | 1,413 | $495 | 0.1 mi |
D 529 W CAMBRIDGE Avenue Sold | $825,000 | 3 | 2 | 1,346 | $613 | 0.3 mi |
E 530 W WILSHIRE Drive Sold | $675,000 | 2 | 1 | 1,153 | $585 | 0.2 mi |
F 82 W WINDSOR Avenue Sold | $820,000 | 3 | 2 | 1,325 | $619 | 0.4 mi |
G 332 W CAMBRIDGE Avenue Sold | $806,000 | 3 | 2 | 1,389 | $580 | 0.3 mi |
H 317 W ENCANTO Boulevard Sold | $920,000 | 3 | 3 | 1,599 | $575 | 0.2 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 new construction or fully renovated.
While built in 1940, the property has undergone extensive recent renovations including the roof, electrical systems, and pool. The interior features a modern kitchen with stainless steel appliances, updated windows, and refinished hardwood floors, meeting the criteria for a high-end renovation in mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7893, living area = 1412.
This 1940s ranch in the Willo Historic District perfectly balances original character, such as refinished hardwood floors, with critical modern upgrades including a newer roof, updated electrical, and energy-efficient windows.
The property sits on an oversized, private lot featuring a sparkling pool and a detached two-car garage, which are highly sought-after features that provide a significant competitive advantage in a historic urban neighborhood.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1412, other record living area = 1380.
With a list price of $825,000 for 1,412 square feet, the property is positioned at a premium price point that may exceed the budget of buyers looking for more interior living space.
The two-bedroom configuration may limit the buyer pool, particularly for growing families or professionals who require both a dedicated home office and a guest room.
Welcome to your Willo Home. This beautifully preserved 1940 ranch blends timeless character with thoughtful modern updates. Refinished hardwood floors, updated windows, and carefully curated improvements honor the home's early mid-century roots with the convenience and reliability of modern enhancements. Extensively updated with recent improvements to the roof, electrical, pool, and more, this 2-bed, 2-bath home offers effortless living without sacrificing historic charm. Set on a lush and exceptionally private lot that lives larger than expected, the property also features a sparkling pool, detached 2-car garage, and captivating curb appeal in one of Phoenix's most beloved historic neighborhoods. A rare opportunity to own a piece of history, housing you and your dreams. Welcome to Willo!
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 | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,412 | - |
| Lot Size | 7,893 | - |
| Price | $795.0K | $495.4K |
| Price per sq ft | $563 | $290 |
| Built year | 1940 | 0 |
| HOA | $0 | $0 |
| Days on market | 77 | 1260 |
May 22, 2026
$795,000
$825,000
-4% Price Drop
Initial Listing
May 7, 2026
$825,000
Initial Listing