5940 W PALM Lane, Phoenix, AZ 85035, Phoenix, 85035 - 4 bed, 2 bath
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Phoenix, AZ 85035
This Move-In Ready Single-Family Residence is listed at $390,000, representing a stable entry point into the Phoenix market near its $343,843 Fair Market Value. Boasting a Condition Rating of 4, the home features fresh interior and exterior paint, brand-new carpeting, and a Private Swimming Pool with a Covered Patio. The 1,424-square-foot layout offers four bedrooms and a generous living area with No HOA Fees, ensuring lower monthly carrying costs. Located minutes from the I-10, this property is a perfect fit for growing families or first-time buyers seeking a polished, turnkey lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5940 W PALM Lane Subject | $360,000* List Price | 4 | 2 | 1,424 | $224 | - |
A 2628 N 61ST Avenue Sold | $385,000 | 4 | 2 | 1,500 | $257 | 0.6 mi |
B 6531 W GRANADA Road Sold | $280,000 | 4 | 3 | 1,426 | $196 | 0.7 mi |
C 1632 N 55TH Drive Sold | $275,000 | 4 | 2 | 1,496 | $184 | 0.6 mi |
D 6531 W GRANADA Road Sold | $280,000 | 4 | 2 | 1,426 | $196 | 0.7 mi |
E 2223 N 62ND Lane Sold | $382,000 | 4 | 2 | 1,638 | $233 | 0.4 mi |
F 6814 W BERKELEY Road Active | $319,999 List Price | 4 | 2 | 1,620 | $198 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is move-in ready with fresh interior/exterior paint and new carpeting, but it remains largely unrenovated regarding its core 1973 features. The kitchen cabinets are older units that have been painted over rather than replaced, and the home retains popcorn ceilings and dated light fixtures/fans. While functional and clean, the property shows signs of being outdated and lacks the extensive system or structural updates required for a higher rating.
The property is move-in ready with fresh interior and exterior paint and brand-new carpeting, offering a clean and updated aesthetic for immediate occupancy.
Ideally situated just minutes from the I-10 freeway, this home provides excellent commuter access and proximity to local shopping, dining, and amenities.
With an association fee of zero, homeowners benefit from lower monthly carrying costs and the freedom from restrictive community covenants.
Built in 1973, the home may have older underlying systems such as plumbing or electrical that could require maintenance or upgrades compared to newer constructions.
Distributing four bedrooms across 1,424 square feet suggests that individual room dimensions or common living areas may feel somewhat constrained for larger families.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,424 | 1,525.5 | 36% |
| Lot Size | 6,665 | 6,303 | 64% |
| Price | $360.0K | $315.0K | 84% |
| Price per sq ft | $253 | $191 | 82% |
| Built year | 1973 | 1975 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 132 | 1060 | 11% |
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