
Phoenix, AZ 85041
This Renovated Mid-Century Residence is a Prime Investment Opportunity, listed at $359,999—positioned well below the $370,354 Fair Market Value by 2%. This valuation gap provides $10,355 in Instant Equity for the incoming owner. Boasting a Condition Rating of 3, the interior features modern marble-look tile flooring and stainless steel appliances, while the expansive 7,593 sq ft lot and No HOA status offer significant expansion potential. Located near V H Lassen Elementary, this home perfectly balances move-in readiness with long-term appreciation. It is an ideal acquisition for first-time buyers or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6430 S MONTEZUMA Street Subject | $359,999* List Price | 3 | 2 | 1,280 | $289 | - |
A 401 W VINEYARD Road Sold | $355,000 | 3 | 2 | 1,240 | $286 | 0.2 mi |
B 6401 S 4TH Avenue Sold | $285,000 | 3 | 1 | 947 | $301 | 0.1 mi |
C 5242 S 11TH Avenue Sold | $320,000 | 3 | 2 | 1,160 | $276 | 0.9 mi |
D 1627 W Carson Road Sold | $289,000 List Price | 3 | 1 | 1,314 | 1.0 mi | |
E 1116 W MALDONADO Road Sold | $345,000 | 3 | 2 | 1,317 | $262 | 0.6 mi |
F 1101 W NANCY Lane Sold | $379,000 List Price | 3 | 2 | 1,340 | 0.5 mi | |
G 6216 S 5TH Avenue Active | $347,000 List Price | 4 | 1 | 1,134 | $306 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1954, the interior has undergone significant cosmetic renovations making it move-in ready. The home features modern marble-look tile flooring, updated light fixtures including a contemporary LED chandelier, and fresh neutral paint. The kitchen area is equipped with newer stainless steel appliances and a functional breakfast bar. Although the exterior and underlying infrastructure may reflect the home's age, the visible living spaces meet modern aesthetic standards and appear well-maintained.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7593, living area = 1280.
The property sits on a spacious 7,593 sq ft lot, offering significant potential for outdoor living, future structural expansion, or the addition of a private pool.
With an association fee of zero, homeowners enjoy the freedom to personalize their property without restrictive community rules or additional monthly overhead.
Due to the home's 1954 construction, buyers should anticipate potential needs for modernizing major systems such as electrical, plumbing, or HVAC to ensure long-term efficiency.
The assigned local schools currently hold lower academic ratings, which may impact the property's appeal to families prioritizing high-performing educational districts.
Welcome to this opportunity! This 3-bedroom, 2-bath home offers approximately 1,280 sq ft of living space on a generously sized lot, giving you the flexibility to move in, update, or invest. The functional floor plan provides a natural flow between the living, dining, and kitchen areas, creating a comfortable space for everyday living and entertaining. Built with solid construction and classic character, this home is perfect for buyers looking to personalize or add long-term value. The spacious lot offers room for outdoor living, future expansion, or creative use. Conveniently located near major streets, shopping, dining, and local amenities, you're just minutes from everything the area has to offer while still enjoying a residential neighborhood setting.
No exterior & parking available.
Grades K-8 • 0.5 mi
Grades 9-12 • 4.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,280 | 1,760 | 15% |
| Lot Size | 7,593 | 6,600 | 67% |
| Price | $360.0K | $352.0K | 53% |
| Price per sq ft | $281 | $197 | 88% |
| Built year | 1954 | 2004 | 8% |
| HOA | $0 | $65 | 31% |
| Days on market | 23 | 827 | 0% |
Apr 3, 2026
$359,999
Initial Listing