5722 S 34TH Place, Phoenix, AZ 85040, Phoenix, 85040 - 2 bed, 1 bath
Loading property details...
Phoenix, AZ 85040
This Compact Detached Residence is a Strong Value Opportunity, listed at $265,000—positioned well below the $285,957 Fair Market Value by 7%. This valuation gap provides $20,957 in Instant Equity for buyers. While the home maintains a Fair Condition Rating due to its Vintage Infrastructure, the expansive 8,054 Sqft Lot offers significant utility for future expansions or outdoor customization. With No HOA Fees, this property balances immediate affordability with long-term appreciation potential. It is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5722 S 34TH Place Subject | $265,000* List Price | 2 | 1 | 784 | $365 | - |
A 2747 E WIER Avenue Active | $299,000 List Price | 3 | 1 | 864 | $346 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1960, this property is characterized by vintage infrastructure and requires cosmetic modernization and updates to major systems. While the exterior appears maintained and the home is functional enough to be under contract, its age and the lack of recent major renovations described in the listing details place it in the fair category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8054, living area = 784.
The property features a substantial 8,054 square foot lot, offering significant potential for outdoor living, gardening, or future structural expansions.
With no homeowner association fees or regulations, owners have the freedom to customize the property and enjoy lower monthly carrying costs.
With only 784 square feet of living space, the home's compact footprint may be restrictive for growing families or those requiring dedicated home office space.
Being built in 1960, the property likely requires updates to major systems and cosmetic modernization to meet current energy efficiency and design standards.
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 | 2.0 | 3.0 | 14% |
| Baths | 1.0 | 2.0 | 12% |
| Square foot | 784 | 1,454 | 5% |
| Lot Size | 8,054 | 6,003 | 86% |
| Price | $265.0K | $325.0K | 37% |
| Price per sq ft | $338 | $222 | 95% |
| Built year | 1960 | 2003 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 978 | 1% |
Mar 9, 2026
$265,000
Initial Listing