5834 S 42ND Street, Phoenix, AZ 85040, Phoenix, 85040 - 3 bed, 3 bath
Loading property details...
Phoenix, AZ 85040
This property presents a High-Potential Investment Opportunity with a List Price of $389,000, which aligns with the current $389,000 Fair Market Value. While the home maintains a Fair Condition Rating due to its 1985 build date and need for interior updates, it features a functional 3-bedroom, 3-bathroom layout and low HOA fees. The property offers significant value-add potential for those looking to modernize the interior. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a project with long-term growth potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5834 S 42ND Street Subject | $389,000* List Price | 3 | 3 | 1,698 | $229 | - |
A 5613 S 42ND Street Active | $325,000 List Price | 2 | 2 | 1,108 | $293 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1985 (39 years old) with no mention of recent renovations. Per the criteria, properties >30 years old without significant rehab are rated poor. The lack of interior photos after 75 days on market further suggests the kitchen, baths, and major systems likely require substantial updating or repair.
The property features a highly desirable 3-bedroom, 3-bathroom configuration within 1,698 square feet, providing a level of privacy and convenience that is rare for homes in this price bracket.
At only $78 per month, the HOA fee is exceptionally low for a Phoenix subdivision, significantly reducing the total monthly mortgage obligation for the homeowner.
Priced under $400,000, this single-family residence offers an accessible entry point into the Phoenix market for families or investors seeking a detached property.
With 75 days on the market, the listing is beginning to stagnate, which may lead buyers to question the property's condition or value relative to the current market.
The absence of professional photos and detailed descriptions after more than two months active on the MLS hinders buyer engagement and suggests a lack of preparation for the sale.
Take Advantage of picking out Your Fresh Exterior Paint and a One-Year Buy Down Offered! New Washer & Dryer, Roof, Windows, Grass in Backyard & Interior Paint. Whether you are looking for a First Time Home, Rental Investment or a Seasonal Living, this Home has been Loved Inside & Out. Step Inside this 3bed/2.5bath with Bonus Loft Area to Natural Light throughout, a Kitchen with Ample Cabinet Space, Stainless Steel Appliances and opens up to the Living & Dining Room w/a Cozy Fireplace place to Enjoy the Cooler Winter Months. Plus, Sunsets from Your Big Backyard while entertaining or having your Kids/Dogs Play. Quick Access to Multiple Freeways, Phoenix Airport, Spring Training Fields, South Mountain, Downtown Tempe & all your Shopping, Dining, Entertainment, Hospitals, Golf & Hiking Needs.
No exterior & parking available.
Grades K-5 • 3.0 mi
Grades 6-8 • 2.7 mi
Grades 9-12 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,698 | - |
| Lot Size | 3,106 | - |
| Price | $389.0K | $495.4K |
| Price per sq ft | $229 | $290 |
| Built year | 1985 | 0 |
| HOA | $78 | $0 |
| Days on market | 113 | 1260 |
Jul 13, 2026
$389,000
$399,000
-3% Price Drop
Initial Listing
Apr 1, 2026
$399,000
Initial Listing