601 W AUGUSTA Avenue, Phoenix, AZ 85021, Phoenix, 85021 - 5 bed, 3 bath
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Phoenix, AZ 85021
This Spacious Traditional Home represents a Strong Value Opportunity, listed at $989,000—positioned well below the $1,032,243 Fair Market Value by 4%. This valuation gap provides $43,243 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the property offers a Granite Kitchen and a Large Pool on a 0.34-acre cul-de-sac lot. Located in the Madison Simis/Meadows school district, this home is an ideal acquisition for Owner-Occupants seeking long-term value or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 601 W AUGUSTA Avenue Subject | $945,000* List Price | 5 | 3 | 2,952 | $311 | - |
A 702 W Why Worry Lane Sold | $815,000 | 5 | 3 | 2,869 | $284 | 0.9 mi |
B 702 W Why Worry Lane Sold | $815,000 | 5 | 3 | 2,869 | $284 | 0.9 mi |
C 702 W WHY WORRY Lane Sold | $815,000 | 5 | 3 | 2,805 | $291 | 0.9 mi |
D 8024 N 7TH Avenue Sold | $1,099,000 | 4 | 4 | 3,079 | $357 | 0.2 mi |
E 8039 N 11TH Avenue Sold | $915,000 | 4 | 3 | 3,276 | $279 | 0.4 mi |
F 8032 N 10TH Avenue Sold | $1,045,000 | 4 | 4 | 3,095 | $338 | 0.4 mi |
G 1569 W El Caminito Drive Pending | $1,100,000 List Price | 4 | 3 | 3,052 | $360 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, the property is over 50 years old with renovations that appear to be 15-25 years old. While functional and 'move-in ready,' the kitchen cabinetry, oversized black vent hood, and flooring show significant dating. The primary bath has been partially updated, but the overall interior requires modernization of systems and finishes 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 = 15107, living area = 2952.
Situated on a quiet cul-de-sac in the highly desirable Central Corridor, this home is located within the prestigious Madison Simis and Meadows school districts, offering significant long-term value.
The nearly 3,000 sqft layout features vaulted wood-beamed ceilings and a split fifth bedroom with a dedicated bathroom, perfect for multi-generational living, guests, or a private home office.
While the elementary and middle schools are highly rated, the assigned high school has a significantly lower rating of 3, which may be a drawback for families with older children.
Built in 1972, the property may require additional capital investment for cosmetic updates or full renovations to meet the contemporary luxury standards expected at this price point.
Beautiful home located in the highly desirable Central Corridor, situated on a spacious .34-acre cul-de-sac lot with a large covered patio, pool, and abundant storage. The main living areas feature vaulted tounge and groove wood-beamed ceilings, a cozy gas fireplace, and granite countertops. The primary bathroom features an oversized walk-in shower and double vanity. Thoughtfully designed floor plan offers separate living and family rooms, along with a split fifth bedroom and bathroom ideal for guests, multi-generational living, or a private office setup. Located within the highly rated Madison Simis/Meadows school district, this home is move in ready or can be renovated to your dream home. *Seller is in the process of redoing pool with pebble tech and new pool equipment.
No exterior & parking available.
Grades PK-4 • 1.3 mi
Grades 5-8 • 1.3 mi
Grades 9-12 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,952 | - |
| Lot Size | 15,107 | - |
| Price | $945.0K | $495.4K |
| Price per sq ft | $320 | $290 |
| Built year | 1972 | 0 |
| HOA | $0 | $0 |
| Days on market | 64 | 1260 |
Jun 10, 2026
$945,000
$989,000
-4% Price Drop
Initial Listing
May 20, 2026
$989,000
Initial Listing