
Phoenix, AZ 85008
This Single Family Residence represents a Strong Value Opportunity, listed at $389,999—positioned slightly above the $381,759 Fair Market Value. While the price reflects a premium, the property offers a Condition Rating of 3, featuring a professionally redone backyard, a flexible bonus room with a new A/C unit, and no HOA restrictions. Its central Phoenix location provides excellent accessibility, balancing lifestyle convenience with functional living space. This property is an ideal acquisition for Owner-Occupants seeking a move-in ready home or first-time buyers prioritizing outdoor living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 612 N 48TH Street Subject | $379,999* List Price | 3 | 2 | 1,338 | $283 | - |
A 4718 E Pierce Street Sold | $339,900 | 3 | 2 | 1,355 | $251 | 0.1 mi |
B 4702 E MCKINLEY Street Active | $450,000 List Price | 3 | 2 | 1,405 | $320 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1956, the property shows evidence of recent cosmetic renovations including new wood-look flooring, fresh interior paint, and updated ceiling fans. The listing notes a new A/C unit for the bonus room and a completely redone backyard. Although some elements like the bathroom fixtures appear dated, the home is well-maintained, functional, and move-in ready.
The backyard has been professionally redone with premium pavers, mature landscaping, and an automatic irrigation system, offering a high-quality outdoor retreat rarely found at this price point.
A dedicated bonus room featuring its own new A/C unit provides essential versatility for a home office, gym, or guest suite without compromising the main living areas.
Situated in a prime Phoenix location with no HOA restrictions, this property offers both convenience for commuting and the freedom to customize the home without association oversight.
Originally built in 1956, the property may require ongoing maintenance or future updates to aging systems typical of mid-century homes that aren't fully modernized.
The assigned public schools carry lower ratings (3/10 and 4/10), which may impact long-term resale value or appeal to families prioritizing top-tier educational districts.
Located in a great central Phoenix location with no HOA and easy access to just about everywhere in the Valley, this home will check all the boxes! Inside, the home features gorgeous flooring, updated fans, and a layout that feels comfortable and easy to live in. The bonus room in the back has its own new A/C unit, making it a flexible space for a home office, workout room, guest room, or second living area. The backyard has been completely redone and gives the home a feel that is hard to find at this price point. Grass, pavers, mature trees, automatic sprinklers and irrigation, string lights, and new gates all come together to create a space that actually feels enjoyable to spend time in. There is plenty of room to entertain, relax, or just enjoy being outside. The painted brick wall out front adds character and curb appeal. Properties with this much yard space, no HOA, and t convenient of a location do not come around often!
No exterior & parking available.
Grades PK-8 • 0.7 mi
Grades 9-12 • 4.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,338 | - |
| Lot Size | 6,586 | - |
| Price | $380.0K | $495.4K |
| Price per sq ft | $284 | $290 |
| Built year | 1956 | 0 |
| HOA | $0 | $0 |
| Days on market | 26 | 1260 |
Jul 10, 2026
$379,999
$389,950
-3% Price Drop
Initial Listing
Jul 3, 2026
$389,950
$389,999
+0% Price Increase
Initial Listing
Jun 26, 2026
$389,999
Initial Listing