540 E RENEE Drive, Phoenix, AZ 85024, Phoenix, 85024 - 3 bed, 2 bath
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Phoenix, AZ 85024
This versatile North Phoenix home presents a Strong Value Opportunity, listed at $500,000—positioned well below the $530,951 Fair Market Value by 5%. This valuation gap offers $30,951 in Instant Equity. Featuring a Good Condition Rating, the property includes a private pool, new flooring, and a dedicated 220/110 subpanel for workshop use. With no HOA and massive parking capacity, this is an ideal acquisition for Contractors or small business owners seeking a functional, high-utility asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 540 E RENEE Drive Subject | $485,000* List Price | 3 | 2 | 2,044 | $251 | - |
A 402 E MORROW Drive Sold | $465,000 | 3 | 2 | 1,597 | $291 | 0.2 mi |
B 1119 E RENEE Drive Sold | $530,000 | 3 | 2 | 1,840 | $288 | 0.5 mi |
C 1119 E RENEE Drive Sold | $530,000 | 3 | 2 | 1,840 | $288 | 0.5 mi |
D 402 E MORROW Drive Sold | $465,000 | 3 | 2 | 1,597 | $291 | 0.2 mi |
E 402 E MORROW Drive Sold | $465,000 | 3 | 2 | 1,601 | $290 | 0.2 mi |
F 402 E MORROW Drive Sold | $465,000 | 3 | 2 | 1,597 | $291 | 0.2 mi |
G 14 E PIUTE Avenue Sold | $437,000 | 4 | 3 | 2,271 | $192 | 0.7 mi |
H 19420 N 8TH Street Sold | $440,000 List Price | 3 | 2 | 1,622 | 0.5 mi | |
I 19408 N 9TH Street Active Under Contract | $550,000 List Price | 4 | 2 | 2,097 | $262 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1980, the property has been well-maintained with a renovated kitchen (estimated 10-15 years old) and brand new flooring in the living and dining areas. The addition of a separate electrical subpanel and the move-in ready condition of the interior and pool area align with the 'Good' criteria for functional, updated mid-aged homes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8588, living area = 2044.
The property features a 2-car carport with a garage door, a massive 10'x40' tandem carport, and additional yard space, making it an ideal setup for contractors, boat owners, or car collectors.
With no HOA restrictions and a garage equipped with a dedicated 220/110 subpanel, this home offers rare flexibility for small business owners or hobbyists needing functional shop space.
Built in 1980, the home may require upcoming investments in major mechanical systems or further cosmetic updates to fully modernize the space beyond the recent flooring improvements.
The assigned elementary school has a low rating (2/10), which may be a significant drawback for families prioritizing high-performing public education in their home search.
No HOA! This versatile North Phoenix home features a year-round flex room off the kitchen for an open feel. New flooring in the living, dining, flex room. 3 spacious bedrooms. Low-maintenance front & backyard with shed & pool, perfect for easy living. Ideal for person who needs room for their stuff, small business owner, or a contractor. Space for shop in Garage including Separate Subpanel 220 & 110. Room for work vehicles, car collection, toys, or boat. 18' boat was stored in Tandem Carport. Loads of additional parking: a 2-Car Carport with garage door, an attached 2-Car Extended Tandem Carport with gate (10'x40'x84'' covered area), yard space on other side of home for more parking. Located on a cul-de-sac street at 7th St & Union Hills, quick access to 101 Loop.
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades 7-8 • 3.3 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,044 | - |
| Lot Size | 8,588 | - |
| Price | $485.0K | $495.4K |
| Price per sq ft | $237 | $290 |
| Built year | 1980 | 0 |
| HOA | $0 | $0 |
| Days on market | 32 | 1260 |
Jul 16, 2026
$485,000
$500,000
-3% Price Drop
Initial Listing
Jun 20, 2026
$500,000
Initial Listing