5724 W FAIRMOUNT Avenue, Phoenix, AZ 85031, Phoenix, 85031 - 3 bed, 3 bath
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Phoenix, AZ 85031
This Single-Family Residence presents a High-Potential Investment Opportunity with a List Price of $359,000—positioned well below the $430,074 Fair Market Value by 16%. This valuation gap offers $71,074 in Instant Equity. Featuring a Condition Rating of 3, the home includes a new 2026 roof and 2025 AC. With a 13,556 sqft lot, pool, spa, and RV gates, it offers significant utility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5724 W FAIRMOUNT Avenue Subject | $359,000* List Price | 3 | 3 | 1,966 | $219 | - |
A 4625 N 57TH Avenue Sold | $420,000 | 4 | 2 | 2,127 | $197 | 0.8 mi |
B 4202 N 58TH Avenue Sold | $338,000 | 3 | 2 | 1,585 | $213 | 0.3 mi |
C 4202 N 58TH Avenue Sold | $338,000 | 4 | 2 | 1,585 | $213 | 0.3 mi |
D 5811 W CAMPBELL Avenue Sold | $327,000 | 3 | 2 | 1,466 | $223 | 0.6 mi |
E 5858 W MINNEZONA Avenue Sold | $300,000 | 4 | 2 | 1,692 | $177 | 0.7 mi |
F 5821 W Clarendon Avenue Pending | $365,000 List Price | 3 | 2 | 1,543 | $237 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the home was built in 1958, it is exceptionally well-maintained with major system upgrades including a new roof (2026) and new AC (2025). The interior features clean tile flooring throughout and a functional, updated kitchen. The property is move-in ready and benefits from recent capital improvements that offset its chronological age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13556, living area = 1966.
The property features a brand-new roof installed in 2026 and a new AC system from 2025, significantly reducing immediate capital expenditure and providing long-term peace of mind.
Situated on an expansive 13,556 sqft lot, the backyard is a private oasis featuring a pool with refurbished equipment, a spa, and a versatile AZ room perfect for year-round entertaining.
Built in 1958, the home may possess older plumbing or electrical components common to mid-century builds that could require future modernization despite recent surface updates.
Located in an established older subdivision, the property may experience more modest appreciation rates compared to newer master-planned communities in the surrounding Phoenix area.
Check out this charming single-story 3-bed/2-bath home with a pool (refurbished pool equipment 2026). No HOA! 2-car garage with attached storage & RV gates! New ROOF (February 2026) & new AC (November 2025). Explore the spacious layout, which features tile floors, plenty of natural light, and a soothing palette that makes you want to stay. Whip up your favorite dishes in the spotless kitchen, which displays custom cabinetry, a tile backsplash, ample counter space & built-in essentials. The serene main bedroom hosts a closet with mirrored doors and an ensuite for added comfort. The den boasts built-in shelves, making it perfect for a home library or office. The AZ room is perfect for entertaining guests and relaxation. Get ready for weekend grills and peaceful evenings in the backyard, . . complete with a covered patio, plenty of space for outdoor fun, a relaxing spa & a pool. Welcome home!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,966 | - |
| Lot Size | 13,556 | - |
| Price | $359.0K | $482.6K |
| Price per sq ft | $183 | $286 |
| Built year | 1958 | 0 |
| HOA | $0 | $0 |
| Days on market | 30 | 1359 |
May 27, 2026
$359,000
Initial Listing