7340 N 7TH Avenue, Phoenix, AZ 85021, Phoenix, 85021 - 4 bed, 3 bath
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Phoenix, AZ 85021
This Spacious Central Phoenix Residence is listed at $585,000, representing a stable market entry positioned near its $557,824 Fair Market Value. While currently maintaining a Dated Condition Rating, the property offers exceptional value-add potential through its large corner lot and versatile flex space—an additional structure ideal for a guest house or studio. Featuring 4 bedrooms, wood flooring, and proximity to the 7-rated Washington High School, the home balances immediate functionality with long-term appreciation. This property is an ideal acquisition for Owner-Occupants seeking a customizable lifestyle or Buy-and-Hold Investors targeting high-utilization assets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7340 N 7TH Avenue Subject | $585,000* List Price | 4 | 3 | 1,965 | $284 | - |
A 7112 N 8TH Avenue Sold | $445,000 List Price | 3 | 3 | 1,958 | 0.3 mi | |
B 7719 N 17TH Avenue Sold | $548,500 | 3 | 2 | 1,545 | $355 | 0.8 mi |
C 1529 W GLENN Drive Sold | $510,000 List Price | 3 | 2 | 1,536 | 0.6 mi | |
D 7819 N 17TH Avenue Pending | $510,000 List Price | 4 | 3 | 1,900 | $268 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1954, the property features a kitchen and flooring renovation likely completed 15-20 years ago. While functional and move-in ready, the home is dated with older cabinetry, countertops, and interior doors that require modernization 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 = 8991, living area = 1965.
The property features a large corner lot with an additional structure that offers significant value-add potential as a guest house, home office, or studio.
Situated in a highly desirable and in-demand Central Phoenix neighborhood, this home provides excellent accessibility and long-term investment appeal.
The assigned elementary school has a rating of 2/10, which may be a significant drawback for families prioritizing high-performing public education.
Built in 1954, the property may require additional capital investment to update aging systems or structural elements to meet modern efficiency and building standards.
Located in highly desirable Central Phoenix, this spacious home sits on a large corner lot and offers incredible value and opportunity. Featuring 4 bedrooms and 3 bathrooms, and an RV gate! The home boasts a spacious open kitchen with abundant counter space—perfect for everyday living and entertaining. Beautiful wood flooring flows throughout, creating a warm and cohesive feel. The generous backyard includes a storage shed and an additional structure that could serve as a small guest house, home office, studio, or flex space. With plenty of room to customize and add your personal touch, this property offers exceptional potential for both homeowners and investors alike. Seller is motivated! Don't miss this opportunity to secure a great home in one of Phoenix's most in-demand areas.
No exterior & parking available.
Grades K-8 • 0.8 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,965 | - |
| Lot Size | 8,991 | - |
| Price | $585.0K | $495.4K |
| Price per sq ft | $298 | $290 |
| Built year | 1954 | 0 |
| HOA | $0 | $0 |
| Days on market | 160 | 1260 |
Feb 13, 2026
$585,000
Initial Listing