5449 W THOMAS Road, Phoenix, AZ 85031, Phoenix, 85031 - 4 bed, 2 bath
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Phoenix, AZ 85031
This Spacious Ranch-Style Home is a Prime Investment Opportunity, listed at $359,000—positioned well below the $367,864 Fair Market Value by 2%. This valuation gap provides $8,864 in Instant Equity. While maintaining a Condition Rating of 4 that requires cosmetic modernization, the property features critical 2023 upgrades including a new AC and water heater. The expansive 13,068-square-foot lot with established fruit trees offers significant outdoor utility and appreciation potential. This is an ideal acquisition for first-time buyers looking to build sweat equity or Buy-and-Hold Investors seeking a high-capacity rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5449 W THOMAS Road Subject | $359,000* List Price | 4 | 2 | 1,630 | $226 | - |
A 4943 W FLOWER Street Sold | $329,000 | 4 | 2 | 1,636 | $201 | 0.8 mi |
B 5527 W EARLL Drive Sold | $311,855 | 3 | 2 | 1,402 | $222 | 0.3 mi |
C 4956 W CHEERY LYNN Road Sold | $358,000 List Price | 4 | 2 | 2,048 | 0.8 mi | |
D 2912 N 50TH Avenue Active | $300,000 List Price | 4 | 3 | 1,722 | $174 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, the home is aged but functional, featuring original or vintage kitchen cabinetry, dated appliances, and older carpeting throughout. While the property has received critical system updates like a new AC and water heater in 2023, the interior finishes and fixtures are outdated and require cosmetic modernization and minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13068, living area = 1630.
The property features a generous 13,068-square-foot lot, offering significant outdoor space for recreation, gardening with established fruit trees, or potential future additions.
With a new AC system and water heater installed in 2023, the home provides peace of mind regarding two of the most critical and costly maintenance items in the Phoenix climate.
The property is noted as needing 'TLC,' indicating that buyers should expect to invest additional time and capital into modernizing the interior finishes and addressing minor repairs.
Built in 1964, the home may possess older infrastructure or design elements that lack the energy efficiency and contemporary aesthetic found in newer residential developments.
Don't miss this incredible opportunity! This spacious 4-bedroom, 2-bath home with a 2-car garage sits on an expansive 13,068-square-foot lot. With just a little TLC, it has the potential to truly shine. Recent updates include a new AC and water heater installed in 2023. The large backyard also features fruit trees, adding charm and the perfect touch for enjoying fresh produce right at home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,630 | 1,444 | 63% |
| Lot Size | 13,068 | 7,244 | 94% |
| Price | $359.0K | $283.7K | 88% |
| Price per sq ft | $220 | $156 | 74% |
| Built year | 1964 | 1957 | 96% |
| HOA | $0 | $0 | 50% |
| Days on market | 47 | 1374 | 1% |
Mar 9, 2026
$359,000
Initial Listing