5940 W PALM Lane, Phoenix, AZ 85035, Phoenix, 85035 - 4 bed, 2 bath
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Phoenix, AZ 85035
This 4-bedroom Single Family Residence represents a Strong Value Opportunity, listed at $360,000—positioned well above the $321,537 Fair Market Value by -11%. While the property requires a strategic approach due to its Condition Rating of 4, the recent interior and exterior paint refresh provides a clean, move-in-ready aesthetic. Featuring a private pool and patio, this home offers significant lifestyle utility for Buy-and-Hold Investors or first-time buyers seeking a well-located, commuter-friendly asset near the I-10 freeway.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5940 W PALM Lane Subject | $355,000* List Price | 4 | 2 | 1,424 | $238 | - |
A 5829 W CORONADO Road Sold | $296,000 | 3 | 2 | 1,240 | $239 | 0.2 mi |
B 2628 N 61ST Avenue Sold | $385,000 | 4 | 2 | 1,500 | $257 | 0.6 mi |
C 6531 W GRANADA Road Sold | $280,000 | 4 | 3 | 1,426 | $196 | 0.7 mi |
D 2223 N 62ND Lane Sold | $382,000 | 4 | 2 | 1,638 | $233 | 0.4 mi |
E 2024 N 64th Lane Sold | $315,000 | 4 | 2 | 1,640 | $192 | 0.6 mi |
F 2024 N 64TH Lane Sold | $315,000 | 4 | 2 | 1,640 | $192 | 0.6 mi |
G 2024 N 64TH Lane Sold | $315,000 | 4 | 2 | 1,640 | $192 | 0.6 mi |
H 6531 W GRANADA Road Sold | $280,000 | 4 | 2 | 1,426 | $196 | 0.7 mi |
I 5909 W CORONADO Road Active | $329,900 List Price | 3 | 2 | 1,400 | $236 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973 (52 years old), the property has received recent cosmetic 'lipstick' updates including new interior/exterior paint and new carpeting. However, the kitchen remains dated with older painted cabinetry, laminate countertops, and basic appliances. The presence of popcorn ceilings and original-style fixtures indicates that while the home is functional and move-in ready, it has not undergone a full systems or interior renovation in over 20 years.
The property features brand-new interior and exterior paint along with new carpeting, providing a clean, move-in-ready aesthetic that appeals to immediate-occupancy buyers.
Situated just minutes from the I-10 freeway, the home offers excellent accessibility for commuters while remaining close to local shopping, dining, and essential amenities.
The four-bedroom configuration provides significant utility for larger families or those needing dedicated home office space, which is a competitive advantage for this square footage.
With 168 days on the market and multiple price reductions, the property may suffer from a 'stale' listing perception, potentially impacting its negotiating leverage.
Built in 1973, the home may require ongoing maintenance or future capital improvements to aging systems and structural components compared to newer residential options.
A must-see! Move-in ready and perfectly located! This spacious 4-bedroom, 2-bath home offers a new carpet floor along with new paint inside and out. This home has a generous living area and well-sized bedrooms ideal for everyday living and entertaining. Enjoy the convenience of being just minutes from the I-10 freeway, making commuting a breeze while staying close to shopping, dining, and local amenities. This home is a fantastic opportunity for homeowners looking for space, comfort, and an unbeatable location.
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 | 1,424 | - |
| Lot Size | 6,665 | - |
| Price | $355.0K | $495.4K |
| Price per sq ft | $249 | $290 |
| Built year | 1973 | 0 |
| HOA | $0 | $0 |
| Days on market | 220 | 1260 |
Jul 2, 2026
$355,000
$360,000
-1% Price Drop
Initial Listing
Apr 23, 2026
$360,000
$380,000
-5% Price Drop
Initial Listing
Apr 20, 2026
$380,000
$390,000
-3% Price Drop
Initial Listing
Dec 15, 2025
$390,000
Initial Listing