
Phoenix, AZ 85031
This Spacious Traditional Residence is listed at $350,000, aligning perfectly with its $350,000 Fair Market Value. While priced at market, the property offers a Condition Rating of 4, reflecting a well-maintained 1957 build with aging infrastructure that presents a clear path for forced appreciation through modern system updates. Boasting 1,692 square feet on a generous 7,244 square foot lot with No HOA restrictions, this home provides significant utility and financial freedom. Currently Active Under Contract, it remains a high-demand acquisition ideal for Owner-Occupants seeking a functional starter home or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5525 W GLENROSA Avenue Subject | $350,000* List Price | 3 | 2 | 1,692 | $207 | - |
A 4202 N 58TH Avenue Sold | $338,000 | 3 | 2 | 1,585 | $213 | 0.3 mi |
B 4820 N 57TH Drive Sold | $330,000 | 4 | 2 | 1,704 | $194 | 0.8 mi |
C 4202 N 58TH Avenue Sold | $338,000 | 4 | 2 | 1,585 | $213 | 0.3 mi |
D 5858 W MINNEZONA Avenue Sold | $300,000 | 4 | 2 | 1,692 | $177 | 0.5 mi |
E 4727 N 50TH Drive Active | $344,999 List Price | 3 | 2 | 1,899 | $182 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1957, the property appears to be maintained through regular upkeep, as evidenced by the relatively fresh exterior paint and intact roof. However, the listing analysis highlights aging infrastructure as a weakness, suggesting that major systems like plumbing and electrical may be outdated. Without evidence of a full modern renovation, the home likely retains older interior finishes and fixtures consistent with a well-kept but aged residence.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7244, living area = 1692.
With an association fee of $0, this property offers homeowners complete freedom from monthly dues and restrictive community rules, a significant financial advantage.
Listed at $350,000 for a 3-bedroom, 2-bathroom home with nearly 1,700 square feet, the property provides excellent value and affordability within the Phoenix market.
Built in 1957, the property may require significant capital investment to update original systems, such as plumbing or electrical, to meet modern building standards.
The 'Active Under Contract' status indicates high demand but also means new buyers are currently in a secondary position, facing limited leverage for negotiation.
Exceptional opportunity in Phoenix. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,692 | 1,444 | 65% |
| Lot Size | 7,244 | 7,224.5 | 50% |
| Price | $350.0K | $283.7K | 86% |
| Price per sq ft | $207 | $156 | 67% |
| Built year | 1957 | 1957 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 215 | 1374 | 27% |
Sep 23, 2025
$350,000
Initial Listing