5324 W LEWIS Avenue, Phoenix, AZ 85035, Phoenix, 85035 - 4 bed, 2 bath
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Phoenix, AZ 85035
This Spacious Ranch-Style Residence represents a significant Value-Add Opportunity on a light-filled corner lot. Listed at $395,000, the price reflects the property's substantial 2,132 square foot layout compared to the $360,292 Fair Market Value. While the Condition Rating of 4 confirms a well-maintained structure, the outdated kitchen and vintage finishes provide a clear path for forced appreciation through modernization. Featuring a fenced backyard with a covered patio and proximity to Maryvale High School, this home is a strategic choice for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5324 W LEWIS Avenue Subject | $395,000* List Price | 4 | 2 | 2,132 | $169 | - |
A 5150 W HUBBELL Street Sold | $320,000 List Price | 4 | 2 | 1,769 | 0.4 mi | |
B 5201 W Cypress Street Sold | $285,000 List Price | 4 | 2 | 1,912 | 0.3 mi | |
C 2814 N 55TH Avenue Sold | $339,900 | 3 | 2 | 2,096 | $162 | 0.3 mi |
D 2628 N 61ST Avenue Sold | $385,000 | 4 | 2 | 1,798 | $214 | 1.0 mi |
E 2538 N 53RD Drive Sold | $329,000 | 3 | 2 | 1,586 | $207 | 0.1 mi |
F 5301 W VERNON Avenue Active Under Contract | $339,000 List Price | 4 | 1 | 1,713 | $198 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, this property is well-maintained but significantly outdated, featuring vintage shag carpeting, wallpaper borders, and older ceiling fans. The listing description explicitly states the kitchen is ready for updates, and the overall interior aesthetic suggests the home has not undergone a major renovation in several decades, though it remains functional and move-in ready.
At over 2,100 square feet on a large corner lot, this property offers significant interior volume and rare off-street parking capacity for boats or multiple vehicles.
The ranch-style floor plan features a formal front room, a tiled family room with a brick fireplace, and a large primary suite, providing a functional flow for various lifestyles.
The property includes a fully fenced backyard with a covered patio, offering a private and shaded outdoor retreat that is highly valued in the Phoenix climate.
The kitchen is noted as needing updates, which may require immediate additional capital investment for buyers seeking a contemporary aesthetic.
The local schools associated with this address have lower performance ratings (2-4 range), which could impact long-term resale value and appeal to education-focused families.
Spacious, move-in ready single-level ranch on a large, light-filled corner lot -- plenty of parking and a fenced backyard with covered patio. The interior offers a formal front room and a kitchen ready for your updates that opens to the dining area. Enjoy the tiled family room with brick wood-burning fireplace and separate entrance. This home features 4 bedrooms (including a very large primary), 1.75 baths, and a convenient walk-in laundry room. Easy access to schools, highways, shopping and parks. Highlights:Single-level ranch on a sizeable corner lotFenced backyard with covered patio Ample off-street/boat parking
No exterior & parking available.
Grades K-8 • 0.3 mi
Grades K-8 • 0.7 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,132 | 1,532 | 99% |
| Lot Size | 8,120 | 6,303 | 91% |
| Price | $395.0K | $315.0K | 95% |
| Price per sq ft | $185 | $190 | 47% |
| Built year | 1965 | 1975 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 1059 | 1% |
Apr 10, 2026
$395,000
Initial Listing