5408 S 46TH Place, Phoenix, AZ 85040, Phoenix, 85040 - 3 bed, 2 bath
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Phoenix, AZ 85040
This Single Family Residence represents a Strong Value Opportunity, listed at $375,000—positioned above the $354,360 Fair Market Value. While priced slightly above market, the property offers a Condition Rating of 3, featuring a Private Pool, Freshly Resurfaced Decking, and an RV Gate with no HOA fees. Recent infrastructure updates, including a new hot water heater and exterior paint, ensure immediate functionality. This home is an ideal acquisition for first-time buyers or Owner-Occupants seeking a move-in ready lifestyle minutes from downtown Phoenix.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5408 S 46TH Place Subject | $349,900* List Price | 3 | 2 | 1,128 | $308 | - |
A 5237 S 46TH Street Sold | $359,900 | 3 | 2 | 1,128 | $319 | 0.1 mi |
B 5415 S 44TH Place Sold | $350,000 | 4 | 2 | 1,288 | $272 | 0.2 mi |
C 4046 E Hidalgo Avenue Sold | $425,000 | 3 | 2 | 1,574 | $270 | 0.7 mi |
D 4722 E CHAMBERS Street Pending | $365,000 List Price | 3 | 2 | 1,128 | $324 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1971, the property has been well-maintained with recent updates including a new hot water heater, fresh exterior paint, and resurfaced pool decking. The interior features consistent tile flooring and updated paint, making it functional and move-in ready.
The property features a private pool with freshly resurfaced decking and a covered patio, offering a premium outdoor lifestyle that is highly desirable in the Phoenix market at this price point.
With a freshly repainted exterior, a new hot water heater, and durable tile flooring throughout, the home offers reduced immediate maintenance needs for the incoming buyer.
The absence of an association fee combined with a functional RV gate provides significant financial freedom and flexibility for homeowners with recreational vehicles or additional storage needs.
At just 1,128 square feet for a three-bedroom layout, the interior living spaces may feel small or cramped compared to more modern residential footprints.
The assigned public schools carry lower-to-average ratings (ranging from 3 to 5), which may be a consideration for families prioritizing top-tier educational districts.
A private pool with freshly resurfaced decking in Phoenix at this price is the kind of thing that turns a house into a dream home. The backyard you always imagined, the one where summer actually feels like something to look forward to, is already built and waiting for you. Three bedrooms, two bathrooms, easy single story living with tile floors throughout and a covered patio that flows right out to the pool. The decking has been freshly resurfaced, the exterior just repainted, and a new hot water heater means the infrastructure is already handled. An RV gate on the side rounds out a package that simply over delivers at every turn. What makes this location quietly special is how close you sit to the energy of downtown Phoenix. The restaurants, the shows, the stadiums, the life of the city are all just minutes away, yet the street itself is calm and residential. You get both worlds without having to choose between them. The pool is ready. The home is ready. The only question is whether you are.
No exterior & parking available.
Grades K-5 • 2.4 mi
Grades PK-5 • 2.5 mi
Grades 6-8 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,128 | - |
| Lot Size | 6,303 | - |
| Price | $349.9K | $495.4K |
| Price per sq ft | $310 | $290 |
| Built year | 1971 | 0 |
| HOA | $0 | $0 |
| Days on market | 46 | 1260 |
Jul 6, 2026
$349,900
$359,900
-3% Price Drop
Initial Listing
Jun 27, 2026
$359,900
$369,900
-3% Price Drop
Initial Listing
Jun 22, 2026
$369,900
$375,000
-1% Price Drop
Initial Listing
Jun 7, 2026
$375,000
Initial Listing