5740 N 42ND Lane, Phoenix, AZ 85019, Phoenix, 85019 - 4 bed, 2 bath
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Phoenix, AZ 85019
This Modernized Turnkey Residence is a Strong Value Opportunity, listed at $385,000—positioned well below the $406,504 Fair Market Value by 5%. This valuation gap provides $21,504 in Instant Equity for the incoming buyer. Boasting an Excellent Condition Rating, the interior features an upscale kitchen with quartz counters, LVP flooring, and vaulted ceilings. The outdoor space includes a private pool and covered patio with no HOA fees, offering significant lifestyle flexibility. This is an ideal acquisition for Owner-Occupants seeking a move-in ready sanctuary or Buy-and-Hold Investors looking for a high-demand rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5740 N 42ND Lane Subject | $385,000* List Price | 4 | 2 | 1,615 | $252 | - |
A 3609 W DENTON Lane Sold | $360,730 | 4 | 2 | 1,414 | $255 | 0.9 mi |
B 5617 N 38TH Drive Sold | $335,000 | 4 | 2 | 1,742 | $192 | 0.6 mi |
C 3745 W CLAREMONT Street Sold | $420,000 List Price | 4 | 3 | 1,576 | 0.7 mi | |
D 3902 W MCLELLAN Boulevard Sold | $359,900 | 3 | 2 | 1,662 | $217 | 0.9 mi |
E 3618 W RANCHO Drive Sold | $347,000 | 4 | 2 | 1,375 | $252 | 0.8 mi |
F 3618 W RANCHO Drive Sold | $347,000 | 4 | 2 | 1,400 | $248 | 0.8 mi |
G 4138 W CAVALIER Drive Active | $399,900 List Price | 4 | 2 | 1,588 | $252 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1973, the property has undergone an extensive recent renovation within the last 5 years, bringing it up to modern standards. The interior features a completely updated upscale kitchen with quartz countertops, white shaker cabinets, and stainless steel appliances. The home also boasts new LVP flooring, fresh paint, modern black trim and hardware, and updated light fixtures throughout, making it fully move-in ready with no visible deferred maintenance.
The home features high-end finishes including LVP flooring, quartz countertops, and plantation shutters, offering a contemporary 'move-in ready' aesthetic.
The property boasts a large backyard complete with a private pool, covered patio, and storage shed, perfect for the Arizona climate.
With no association fees, homeowners enjoy greater financial flexibility and fewer restrictions on property use.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Most assigned and nearby schools carry low ratings (2-3/10), which may be a concern for families with school-aged children.
Built in 1973, the property may have underlying aging systems or structural elements typical of its era that require ongoing maintenance despite cosmetic updates.
MOVE IN READY home in an excellent phoenix location. 4-bedroom 2- Bath gem blends style and comfort at every turn. Be amazed by the tastefully upgraded interior showcasing LVP flooring, plantation shutters, fresh paint, vaulted ceilings, and abundant natural light. Upscale kitchen features crisp white cabinets, sleek quartz counters, a Stainless steel appliances, and an island with a breakfast bar, ideal for cooking and entertaining. Unwind in the impeccable primary bedroom, complete with a mirrored door closet and a private bathroom, adding ease to your everyday routine. Finally, the large backyard impresses with a covered patio, storage shed, and an enticing pool. Conveniently located near restaurants, shopping centers, multiple schools, parks, and entertainment.
No exterior & parking available.
Grades K-3 • 0.7 mi
Grades K-3 • 0.9 mi
Grades K-6 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 64% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,615 | 1,430 | 63% |
| Lot Size | 6,734 | 6,817 | 45% |
| Price | $385.0K | $328.5K | 83% |
| Price per sq ft | $238 | $205 | 68% |
| Built year | 1973 | 1959 | 96% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 1185 | 1% |
Apr 14, 2026
$385,000
Initial Listing