5337 W THOMAS Road, Phoenix, AZ 85031, Phoenix, 85031 - 4 bed, 3 bath
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Phoenix, AZ 85031
This Versatile Single-Family Residence is a Strong Value Opportunity, listed at $324,777—positioned well below the $349,554 Fair Market Value by 7%. This valuation gap provides $24,777 in Instant Equity. Featuring a Condition Rating of 3, the home offers a modernized interior with wood-look flooring and a massive 1/3-acre lot with RV access. Its functional 4-bedroom layout and circular driveway provide significant utility and expansion potential. This property is an ideal acquisition for Owner-Occupants seeking a move-in-ready home or Buy-and-Hold Investors targeting high-utilization assets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5337 W THOMAS Road Subject | $359,777* List Price | 4 | 3 | 1,723 | $212 | - |
A 5449 W THOMAS Road Active | $359,000 List Price | 4 | 2 | 1,630 | $220 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and shows well-maintained interior spaces. It features significant cosmetic updates, including modern wood-look flooring throughout and a fresh, neutral paint palette. While the kitchen cabinetry and bathroom fixtures (such as the vintage pink bathtub) are stylistically dated and reflect the 1961 construction, they appear functional and clean. The home's systems seem well-kept, and the recent flooring and paint upgrades elevate the condition above 'fair' despite the lack of a full modern renovation in the kitchen and baths.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18041, living area = 1723.
The property sits on a massive 1/3-acre lot featuring an RV gate and alley access, providing rare and ample space for vehicle storage, outdoor projects, or future expansions.
The home boasts updated wood-look flooring throughout and a neutral color palette, creating a contemporary and inviting atmosphere that is ready for immediate occupancy.
Dating back to 1961, the home may necessitate updates to original systems or infrastructure to meet modern efficiency and building standards.
The lack of a fully enclosed garage may be a concern for buyers prioritizing vehicle security or climate-controlled storage in the desert environment.
Charming 4-bedroom home in a great Phoenix location. Sits on a large lot, 1/3rd Acre, with 2-carport, front porch, low-care front yard, & a circular driveway. The inviting interior features tons of natural light, a neutral palette, and wood-look flooring t/out. Functional floor plan with a formal living room, alongside a family/dining room combo with built-in shelving & sliding doors to the back. The kitchen boasts built-in appliances and ample wood cabinetry. The main bedroom has a private bathroom. Attached to the carport is the workshop/storage room & a laundry space. Check out the spacious backyard, tastefully divided! It has a covered patio & room for your creative ideas. The other side is with an RV gate from the alley, offering generous space for parking or outdoor projects.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 94% |
| Square foot | 1,723 | 1,444 | 78% |
| Lot Size | 18,041 | 7,244 | 99% |
| Price | $359.8K | $283.7K | 88% |
| Price per sq ft | $209 | $156 | 67% |
| Built year | 1961 | 1957 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 1374 | 1% |
Apr 16, 2026
$359,777
$324,777
+11% Price Increase
Initial Listing
Apr 10, 2026
$324,777
Initial Listing