5562 W EDGEMONT Avenue, Phoenix, AZ 85035, Phoenix, 85035 - 3 bed, 2 bath
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Phoenix, AZ 85035
This Single Family Residence represents a Strong Value Opportunity, listed at $325,000—positioned above the $310,776 Fair Market Value by 4%. While priced slightly above the current estimate, the property’s Condition Rating of 4 and move-in ready status provide immediate stability. Featuring an enclosed patio and a spacious open canvas backyard, the home offers significant potential for cosmetic upgrades to build long-term equity. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a functional, well-maintained asset in a central location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5562 W EDGEMONT Avenue Subject | $325,000* List Price | 3 | 2 | 1,260 | $247 | - |
A 5723 W Wilshire Drive Sold | $350,000 | 3 | 2 | 1,260 | $278 | 0.4 mi |
B 2102 N 50TH Lane Sold | $310,000 | 4 | 2 | 1,447 | $214 | 0.9 mi |
C 5829 W CORONADO Road Sold | $296,000 | 3 | 2 | 1,240 | $239 | 0.9 mi |
D 2323 N 49TH Drive Sold | $330,000 List Price | 3 | 2 | 1,350 | 0.9 mi | |
E 5442 W Edgemont Avenue Sold | $248,500 | 4 | 2 | 1,303 | $191 | 0.2 mi |
F 1620 N 55TH Drive Sold | $320,000 | 3 | 2 | 1,280 | $250 | 0.9 mi |
G 2047 N 54TH Lane Sold | $338,000 | 3 | 2 | 1,212 | $279 | 0.6 mi |
H 5438 W ROANOKE Avenue Active | $344,000 List Price | 3 | 2 | 1,204 | $286 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, this 50+ year old home is well-maintained and move-in ready but remains dated. While it features updated laminate flooring and solar panels, the overall aesthetic and original features like louvered closet doors suggest it needs cosmetic updates to build equity, fitting the criteria for a functional but dated property.
The property is exceptionally well-maintained and move-in ready, outperforming similar listings in this price range and offering immediate equity potential for first-time buyers.
With no association fees, this home offers lower monthly carrying costs and greater freedom for homeowners or investors compared to many Phoenix subdivisions.
Featuring an enclosed patio and a spacious 'open canvas' backyard, the property provides significant opportunity for customization and outdoor entertainment.
The property features a 2-car carport rather than a fully enclosed garage, which may offer less security and protection from the elements.
The assigned local schools have relatively low ratings (ranging from 2 to 4), which could be a drawback for families prioritizing educational performance.
Pride of ownership shows throughout, a rare find at this price point in today's market. Well cared for and move-in ready, with room to build equity while you live in it or add it to your investment portfolio. A great opportunity for first-time buyers looking to get in the door and start building something real. Open canvas backyard ready for your vision, enclosed patio, and a 2-car carport. Carpet only in the living room, with well-maintained flooring throughout the rest of the home. Close to employment, grocery stores, entertainment, and schools. Other properties may list for less, but the condition here outperforms most in this price range. Homes like this don't sit long. see it in person.
No exterior & parking available.
Grades K-8 • 0.3 mi
Grades K-8 • 0.6 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,260 | - |
| Lot Size | 6,726 | - |
| Price | $325.0K | $495.4K |
| Price per sq ft | $258 | $290 |
| Built year | 1971 | 0 |
| HOA | $0 | $0 |
| Days on market | 7 | 1260 |
Jul 16, 2026
$325,000
Initial Listing