5536 W LA REATA Avenue, Phoenix, AZ 85035, Phoenix, 85035 - 3 bed, 2 bath
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Phoenix, AZ 85035
This property presents a Strong Value Opportunity with a List Price of $304,900—positioned well below the $286,406 Fair Market Value by -6%. While the home maintains a Condition Rating of 4, its functional layout and covered patio provide a solid foundation for value-add cosmetic updates. The absence of HOA fees enhances long-term affordability, making this a practical choice for those seeking to build equity through renovation. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking for a manageable entry point.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5536 W LA REATA Avenue Subject | $304,900* List Price | 3 | 2 | 1,519 | $189 | - |
A 2628 N 61ST Avenue Sold | $385,000 | 4 | 2 | 1,500 | $257 | 0.7 mi |
B 5541 W WINDSOR Avenue Sold | $325,000 | 3 | 2 | 1,678 | $194 | 0.2 mi |
C 5541 W Windsor Avenue Sold | $325,000 | 3 | 2 | 1,678 | $194 | 0.2 mi |
D 5150 W HUBBELL Street Sold | $320,000 List Price | 4 | 2 | 1,769 | 0.8 mi | |
E 2629 N 62ND Avenue Sold | $214,899 List Price | 3 | 2 | 1,448 | 0.8 mi | |
F 5442 W Edgemont Avenue Sold | $248,500 | 4 | 2 | 1,303 | $191 | 0.2 mi |
G 5231 W CAMBRIDGE Avenue Pending | $249,900 List Price | 3 | 2 | 1,464 | $171 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, this property is functional but significantly dated. While the listing mentions 'turn-key' and shows some past updates like tile flooring and a kitchen backsplash, the materials (tile countertops, older patterned floor tiles, and popcorn ceilings) indicate renovations are likely 20+ years old. The presence of a wall AC unit in a bedroom suggests the central HVAC system may be dated or insufficient, and the exterior requires landscaping and minor cosmetic repairs.
The property is presented as a move-in-ready opportunity featuring a neutral color palette and durable tile flooring, minimizing immediate post-purchase renovation costs.
With no homeowners association, residents enjoy greater freedom over their property and lower monthly carrying costs, making it an attractive option for budget-conscious buyers.
The well-appointed kitchen includes essential built-in appliances, a decorative tile backsplash, and a pantry, providing a practical and aesthetically pleasing space for meal preparation.
Originally built in 1971, the home may require ongoing maintenance or future upgrades to aging mechanical and structural systems to meet modern efficiency standards.
The 4,787 square foot lot is relatively compact for a single-family residence, which may limit privacy and options for significant outdoor expansions or large-scale landscaping.
Take advantage of this fantastic turn-key opportunity! This 3-bedroom, 2-bath home welcomes you with a serene living room with a soothing palette and durable tile flooring for easy maintenance. The well-appointed kitchen comes with tile counters, a handy pantry, a decorative tile backsplash, and essential built-in appliances. The main bedroom includes double built-in closets with mirrored doors that enhance the sense of space and a private bathroom for added comfort. Venture out onto the backyard, which offers a covered patio, pavers, and plenty of space for crafting your dream outdoor oasis. Don't miss out on this one!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,519 | - |
| Lot Size | 4,787 | - |
| Price | $304.9K | $495.4K |
| Price per sq ft | $201 | $290 |
| Built year | 1971 | 0 |
| HOA | $0 | $0 |
| Days on market | 28 | 1260 |
Jun 25, 2026
$304,900
Initial Listing