6042 W ENCINAS Lane, Phoenix, AZ 85043, Phoenix, 85043 - 2 bed, 2 bath
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Phoenix, AZ 85043
This Strong Value Opportunity is a 2-bedroom, 2-bath single-family residence listed at $299,900, positioned well below the $302,768 Fair Market Value by 0.95%. With a Fair Condition Rating, the property offers $2,868 in Instant Equity. Featuring a great room floorplan and a covered patio on a 5,065 sqft lot, the home provides significant potential for cosmetic upgrades. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry point into the Phoenix market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6042 W ENCINAS Lane Subject | $299,900* List Price | 2 | 2 | 1,056 | $287 | - |
A 3814 S 62ND Lane Sold | $330,000 | 3 | 2 | 1,111 | $297 | 0.3 mi |
B 4110 S 62ND Lane Sold | $349,000 | 3 | 2 | 1,441 | $242 | 0.3 mi |
C 6246 W ILLINI Street Sold | $370,000 | 3 | 2 | 1,343 | $276 | 0.3 mi |
D 6311 W WILLIAMS Street Pending | $299,900 List Price | 3 | 2 | 1,141 | $263 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003, the property is 23 years old and appears to have original finishes. The kitchen features dated oak-style cabinetry and older white appliances. While the home is functional and move-in ready, it meets the 'Fair' criteria due to its age (>20 years) and the need for cosmetic updates to the kitchen and bathrooms.
Priced under $300,000, this property represents an excellent starter home or investment opportunity within the Phoenix market, offering a low barrier to entry.
Built in 2003, the home features a desirable great room floorplan with two full bathrooms and a two-car garage, providing modern utility and convenience.
The 5,065 sqft lot includes a covered patio and a blank-slate backyard, offering ample space for a buyer to design a custom pool, play area, or landscaping.
At just 1,056 square feet, the compact size may feel restrictive for growing families or those requiring dedicated home office space.
The assigned public schools carry ratings between 3 and 5, which may be a drawback for families prioritizing high-performing educational districts.
Pending formal cancellation. Buyer did not perform. Super cute 2 bedroom 2 bath home. Great starter, retirement or investment opportunity! Great room floorplan. 2 full baths. Eat-in kitchen with built-ifor easy maintenance. Design your backyard the way you want, plenty or room for a play area, pool, putting green. Covered patio & 2 car garage. Do NOT disturb the current tenant!
No exterior & parking available.
Grades PK-4 • 2.0 mi
Grades 5-8 • 0.6 mi
Grades 9-12 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,056 | - |
| Lot Size | 5,065 | - |
| Price | $299.9K | $495.4K |
| Price per sq ft | $284 | $290 |
| Built year | 2003 | 0 |
| HOA | $93 | $0 |
| Days on market | 32 | 1260 |
Jun 24, 2026
$299,900
Initial Listing