6940 W VERNON Avenue, Phoenix, AZ 85035, Phoenix, 85035 - 4 bed, 2 bath
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Phoenix, AZ 85035
This Fully Remodeled Turnkey Residence is a High-Potential Investment Opportunity listed at $389,900—positioned well below the $408,089 Fair Market Value by 4%. This valuation gap provides $18,189 in Instant Equity. Boasting a Condition Rating of 2, the home features a modern Granite Kitchen, Stainless Steel Appliances, and Wood-look Tile Flooring. With a Covered Patio, Fireplace, and No HOA Fees, this property offers significant lifestyle value and low carrying costs. It is an exceptional find for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6940 W VERNON Avenue Subject | $389,900* List Price | 4 | 2 | 1,591 | $256 | - |
A 2201 N 65TH Drive Sold | $351,162 | 4 | 3 | 1,682 | $209 | 0.6 mi |
B 6806 W LEWIS Avenue Sold | $370,000 | 4 | 2 | 1,361 | $272 | 0.2 mi |
C 6806 W LEWIS Avenue Sold | $370,000 | 4 | 2 | 1,361 | $272 | 0.2 mi |
D 2223 N 62ND Lane Sold | $382,000 | 4 | 2 | 1,638 | $233 | 0.9 mi |
E 6825 W VERNON Avenue Sold | $327,000 | 4 | 2 | 1,260 | $260 | 0.2 mi |
F 1831 N 74TH Lane Sold | $419,000 | 5 | 3 | 1,930 | $217 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1973, the property has undergone a comprehensive recent remodel (likely within the last 5 years). It features a modern kitchen with granite countertops and new cabinets, stainless steel appliances, wood-look tile flooring throughout, and fresh interior/exterior paint, meeting the criteria for mint condition and no immediate maintenance.
The home is fully updated with granite countertops, stainless steel appliances, and wood-look tile flooring, offering a move-in ready experience without the need for immediate renovation.
With an association fee of zero, homeowners benefit from lower monthly carrying costs and greater freedom regarding property modifications and usage.
The spacious 4-bedroom floor plan includes a cozy fireplace and a covered patio, providing ample space for both comfortable daily living and outdoor entertaining.
The assigned elementary, middle, and high schools have ratings ranging from 2 to 3, which may be a concern for families prioritizing academic performance and could impact future resale value.
Built in 1973, the home may have aging underlying infrastructure or systems that require more frequent maintenance compared to newer constructions in the Phoenix area.
Fully Remodeled 4BR - Move-In Ready w/ Granite, SS Appliances & Fireplace! 4 bedroom Home - Move-In Ready! Don't miss this beautifully updated 4-bedroom, 2-bath home with a double carport in a convenient location near restaurants and shopping. Features a spacious floor plan with wood-look tile flooring throughout, newer doors, fresh interior & exterior paint, and modern finishes. The upgraded kitchen boasts granite countertops, new cabinets, and stainless steel appliances. Enjoy an eat-in kitchen and a cozy family room with fireplace. Sliding glass doors lead to a covered patio--perfect for entertaining. Inside laundry and newer blinds complete this turnkey home. Priced to sell--see it today!
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 2.8 mi
Grades 9-12 • 0.9 mi
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 | 1,591 | 1,532 | 55% |
| Lot Size | 6,766 | 6,303 | 68% |
| Price | $389.9K | $315.0K | 94% |
| Price per sq ft | $245 | $191 | 80% |
| Built year | 1973 | 1975 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 1059 | 1% |
Apr 16, 2026
$389,900
Initial Listing