
Phoenix, AZ 85021
This Turnkey Multi-Generational Property is a Strong Value Opportunity, listed at $895,000—positioned well below the $1,010,604 Fair Market Value by 11%. This valuation gap offers $115,604 in Instant Equity. Featuring a Self-Contained Casita, Saltwater Pool, and Modernized Infrastructure, the home maintains a Condition Rating of 2. Located in the desirable Sunnyslope High School district, this versatile estate is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility, move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8001 N 5TH Avenue Subject | $825,000 | 4 | 3 | 3,156 | $286 | - |
A 726 W NORTHVIEW Avenue Sold | $750,000 List Price | 4 | 3 | 2,601 | 0.7 mi | |
B 8032 N 10TH Avenue Sold | $1,045,000 | 4 | 4 | 3,095 | $338 | 0.3 mi |
C 702 W WHY WORRY Lane Sold | $815,000 | 5 | 3 | 2,805 | $291 | 0.7 mi |
D 702 W Why Worry Lane Sold | $815,000 | 5 | 3 | 2,869 | $284 | 0.7 mi |
E 702 W Why Worry Lane Sold | $815,000 | 5 | 3 | 2,869 | $284 | 0.7 mi |
F 1145 W MYRTLE Avenue Sold | $694,900 List Price | 4 | 4 | 3,269 | 0.9 mi | |
G 1532 W LOMA Lane Pending | $848,000 List Price | 4 | 2 | 2,948 | $288 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1949 build date, the property has undergone extensive recent renovations (likely <5 years) including a modern kitchen with stainless steel appliances, remodeled bathrooms, and luxury vinyl plank flooring throughout. Major systems including plumbing and sewer lines have been upgraded, meeting the criteria for mint condition with no immediate maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19096, living area = 3156.
The property includes a fully equipped attached casita with a private entrance, kitchen, and laundry, offering excellent potential for rental income, guests, or multigenerational living.
Situated on nearly half an acre with no HOA, the lot features a saltwater pool, an irrigation creek, and an RV gate with parking capacity for up to 10 vehicles.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3156, other record living area = 2337. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
Despite significant renovations, the 1949 build date may necessitate more frequent maintenance or present structural quirks common to older properties compared to newer builds.
The home's desirable location near popular nightlife and dining hubs in the North Central Corridor may result in increased local traffic and noise levels during peak hours.
Positioned on nearly half an acre in the heart of Phoenix's iconic North Central Corridor with no HOA, this property delivers a rare combination of space, flexibility, and an unbeatable lifestyle location. Just moments from some of the area's most popular restaurants, wine bars, coffee spots, and nightlife destinations, this is a home where you can enjoy a quiet, private setting while still being minutes from the energy of Uptown and Downtown Phoenix. One of the most unique features is the fully self-contained attached casita, offering its own private entrance, kitchen, living room, bedroom, laundry, and a screened-in porch--perfect for multigenerational living, visiting guests, rental income, or a separate work-from-home environment. Originally built in 1949 and extensively updated, the home blends classic character with modern livability. The main living areas connect effortlessly, anchored by a warm and inviting family room with a wood-burning fireplace--creating a comfortable gathering space for both everyday living and entertaining. The primary suite and bathrooms have been tastefully remodeled, and major system upgrades--including plumbing, sewer lines, and water systems--have already been completed (full list available), providing long-term peace of mind. Throughout the home, luxury vinyl plank flooring runs wall-to-wall with no carpeting, offering a clean, modern look that is ideal for children, pets, and those seeking an allergy-friendly environment. Outdoor living is where this property truly shines. In addition to a sparkling saltwater pool with waterfall feature, the home offers multiple screened-in patios and outdoor living spaces, creating the perfect setup for year-round Arizona living. Whether it's morning coffee, evening cocktails, or hosting friends, these spaces provide comfort, flexibility, and seamless indoor/outdoor flow. A covered patio with lighting and fans, along with a charming gazebo, further enhances the entertaining experience. Running through the yard is a rare irrigation creek, adding both function and a tranquil, one-of-a-kind backdrop. The backyard is designed for easy, low-maintenance living, featuring a thoughtful blend of turf, granite rock, and mature desert foliage--allowing you to fully enjoy the space without the upkeep typically associated with larger lots. The oversized lot offers exceptional versatility, including an RV gate, abundant parking with room for up to 10 vehicles, and ample space for recreational use or future enhancements such as a sport court. Inside, custom handcrafted barn doors add warmth and personality, giving the home a sense of character you simply don't find in typical finishes. Located within the desirable Sunnyslope High School district and offering quick, convenient access to some of Phoenix's best dining, nightlife, boutique shopping, and entertainment, this home is ideal for those who value both walkable urban energy and private residential space. Opportunities like this--featuring a true casita, expansive lot, RV access, and prime North Central location--are rarely available.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 3,156 | - |
| Lot Size | 19,096 | - |
| Price | $825.0K | $495.4K |
| Price per sq ft | $261 | $290 |
| Built year | 1949 | 0 |
| HOA | $0 | $0 |
| Days on market | 79 | 1260 |
May 5, 2026
$895,000
Initial Listing