5923 W VERDE Lane, Phoenix, AZ 85033, Phoenix, 85033 - 4 bed, 2 bath
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This Spacious 4-Bedroom Residence represents a High-Potential Investment Opportunity, listed at $370,000—positioned slightly above the $361,677 Fair Market Value. While the property requires modernization, its Fair Condition Rating is offset by an Oversized 13,234 sqft Lot and a Detached Workshop, providing significant value-add potential. The lack of HOA restrictions offers rare flexibility for property improvements or storage. This asset is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a project with substantial upside in a high-demand area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5923 W VERDE Lane Subject | $370,000* List Price | 4 | 2 | 1,885 | $192 | - |
A 6217 W FAIRMOUNT Avenue Sold | $380,000 | 4 | 3 | 1,819 | $209 | 0.9 mi |
B 6321 W CHEERY LYNN Road Sold | $410,000 | 4 | 2 | 1,905 | $215 | 0.5 mi |
C 6411 W VERDE Lane Active | $345,000 List Price | 3 | 2 | 2,004 | $172 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1960, making it 64 years old (>20y criteria). While the description highlights it as 'well-maintained' and 'functional,' the lack of mentioned updates to the kitchen, bathrooms, or major systems suggests a dated interior that requires cosmetic modernization and minor repairs to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13234, living area = 1885.
The property sits on a generous 13,234 sqft lot, offering rare outdoor space for the area that is ideal for gardening, entertaining, or future structural additions.
A detached garage and workshop provide significant value for hobbyists or those needing extra storage, a feature that is highly sought after at this price point.
Built in 1960, the home may require updates to major systems such as electrical or plumbing to meet modern building codes and efficiency expectations.
Given the age and price point, the interior may require additional investment in cosmetic upgrades to compete with newer or fully renovated homes in the market.
Spacious 4-bedroom home situated on an oversized lot with endless possibilities! This well-maintained property offers an open and functional floor plan with a versatile den, a large eat-in kitchen, and a spacious mudroom/laundry area for added convenience. The detached garage/workshop provides plenty of room for storage, hobbies, or projects. The expansive backyard offers ample space for entertaining, gardening, or future improvements. Conveniently located near schools, shopping, dining, parks, and major freeways, this home is a fantastic opportunity for homeowners and investors alike.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,885 | - |
| Lot Size | 13,234 | - |
| Price | $370.0K | $495.4K |
| Price per sq ft | $196 | $290 |
| Built year | 1960 | 0 |
| HOA | $0 | $0 |
| Days on market | 14 | 1260 |
Jul 9, 2026
$370,000
Initial Listing