5312 S 29TH Lane, Phoenix, AZ 85041, Phoenix, 85041 - 3 bed, 2 bath
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Phoenix, AZ 85041
This Investor-Focused Value-Add Property is listed at $335,000, offering a clear path for appreciation through targeted modernization. Currently assessed with a Condition Rating of 4, the residence features original 2005 finishes and requires cosmetic updates to align with the $292,848 Fair Market Value estimation. The home is situated on a desirable Corner Lot and boasts vaulted ceilings, maple cabinetry, and a spacious primary suite with a soaking tub. Located near Bernard Black Elementary, the functional layout provides a strong foundation for forced equity. This is a strategic acquisition for Fix-and-Flip Investors or DIY Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5312 S 29TH Lane Subject | $325,000* List Price | 3 | 2 | 1,516 | $195 | - |
A 5609 S 31ST Drive Sold | $372,500 | 3 | 2 | 1,601 | $233 | 0.3 mi |
B 5609 S 31ST Drive Sold | $372,500 | 3 | 2 | 1,600 | $233 | 0.3 mi |
C 2826 W LA SALLE Street Sold | $400,000 | 3 | 2 | 1,652 | $242 | 0.1 mi |
D 3338 W SUNLAND Avenue Sold | $365,000 | 4 | 2 | 1,601 | $228 | 0.5 mi |
E 3255 W SUNLAND Avenue W Pending | $340,000 List Price | 3 | 2 | 1,601 | $212 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2005 (21 years old), the property features original dated finishes including maple cabinetry, laminate countertops, and older flooring. The listing explicitly describes it as an 'Investor or DIY opportunity,' indicating it needs cosmetic updates and minor repairs to be brought to modern standards, fitting the criteria for a home over 20 years old.
The oversized primary bedroom features a dedicated sitting area and a full ensuite with dual sinks and a soaking tub, offering a premium layout for this price point.
With vaulted ceilings, a kitchen island, and maple cabinetry, the interior provides a modern, airy feel that maximizes the 1,516 square feet of living space.
Situated on a corner lot, the property offers enhanced privacy, a larger feel, and a generously sized backyard with a covered patio for outdoor living.
Marketed as a DIY or investor opportunity, the home likely requires immediate cosmetic or functional updates to reach its full market potential.
The assigned elementary and high schools both carry a rating of 3, which may be a concern for families prioritizing high-performing educational districts.
Investor or DIY opportunity with tons of potential! This 3 bedroom, 2 bath home sits on a corner lot and offers a spacious layout with vaulted ceilings, ceiling fans, and a large family room. The kitchen features maple cabinetry, a pantry, and an island for added prep space. The oversized primary bedroom offers plenty of room for a sitting area, office space, or whatever vision fits your needs. Primary bath includes dual sinks, a separate shower, and soaking tub. Enjoy a covered patio and a generously sized backyard with room to make it your own. A great opportunity for buyers looking to add value and bring their creativity to life!
No exterior & parking available.
Grades K-8 • 0.8 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,516 | - |
| Lot Size | 5,414 | - |
| Price | $325.0K | $495.4K |
| Price per sq ft | $214 | $290 |
| Built year | 2005 | 0 |
| HOA | $82 | $0 |
| Days on market | 77 | 1260 |
May 21, 2026
$325,000
$335,000
-3% Price Drop
Initial Listing
May 7, 2026
$335,000
Initial Listing