8001 N 5TH Avenue, Phoenix, AZ 85021, Phoenix, 85021 - 4 bed, 3 bath
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Phoenix, AZ 85021
This Extensively Updated North Central Estate is a Strong Value Opportunity, listed at $974,998—positioned well below the $1,019,007 Fair Market Value by 4%. This valuation gap provides $44,009 in Instant Equity. Boasting a Condition Rating of 3, the property features a fully self-contained attached casita, a saltwater pool, and a nearly half-acre lot within the prestigious Sunnyslope High School district. With upgraded core systems and no HOA, this residence balances historic charm with modern infrastructure. It is an elite acquisition for Owner-Occupants seeking multigenerational living or Buy-and-Hold Investors looking for high-utility assets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8001 N 5TH Avenue Subject | $974,998* List Price | 4 | 3 | 3,156 | $323 | - |
A 8032 N 10TH Avenue Sold | $1,045,000 | 4 | 4 | 3,095 | $338 | 0.3 mi |
B 216 W BELMONT Avenue Sold | $997,000 List Price | 4 | 3 | 2,599 | 0.3 mi | |
C 8039 N 11TH Avenue Sold | $915,000 | 4 | 3 | 3,276 | $279 | 0.3 mi |
D 8002 N 5TH Avenue Sold | $945,000 | 5 | 4 | 2,733 | $346 | 0.0 mi |
E 702 W Why Worry Lane Sold | $815,000 | 5 | 3 | 2,869 | $284 | 0.7 mi |
F 702 W Why Worry Lane Sold | $815,000 | 5 | 3 | 2,869 | $284 | 0.7 mi |
G 1109 W FRIER Drive Active Under Contract | $989,000 List Price | 4 | 2 | 2,770 | $357 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1949, the property is move-in ready and has undergone extensive renovations. The kitchen is updated with modern stainless steel appliances, a professional-grade range hood, and white shaker cabinetry. The interior features contemporary wood-look flooring, remodeled bathrooms, and updated core systems including plumbing and sewer lines. The addition of a fully self-contained casita and well-maintained outdoor amenities like the saltwater pool further support a high-quality condition rating.
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 features a fully equipped, attached casita with its own kitchen, living area, laundry, and private entrance, offering exceptional versatility for multigenerational living or rental income.
Situated on nearly half an acre with no HOA, the oversized lot includes a saltwater pool, gazebo, and a unique irrigation creek, providing a rare level of outdoor space and privacy in the North Central Corridor.
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 extensive remodeling, the 1949 original construction may still possess architectural quirks or a floor plan that lacks the seamless flow of a contemporary custom build.
The large lot, saltwater pool, and functional irrigation creek, while charming, necessitate significant ongoing maintenance and higher utility expenses compared to smaller, more modern lots.
Sitting on nearly half an acre in the heart of the North Central Corridor with NO HOA, this property offers something rarely found in this area: a fully self contained attached casita. Complete with its own kitchen, living room, bedroom, washer and dryer, screened in porch, and private entrance, it opens the door to true multigenerational living, a long term rental, a private guest suite, or even a separate home office space. The home was originally built in 1949 but has been extensively updated over time with meaningful improvements that make it live far more like a newer home. The layout connects the main living spaces with a family room centered around a wood burning fireplace, creating a natural gathering place for evenings at home or time spent with friends and family. Bathrooms and the primary bedroom have been remodeled, and many of the core systems have already been replaced, including plumbing, sewer lines, and water systems (a complete list of improvements is available). Outside, the property really sets itself apart. The backyard features a sparkling saltwater pool with a waterfall, a large covered patio with lights & fans, and a gazebo that is ideal for weekend get togethers, parties, or slow afternoons in the sun. Running through the yard is a small creek that serves a functional irrigation purpose while adding a peaceful and unexpected element rarely found on Phoenix properties. An Arizona room attached to the main house allows for peaceful and quiet mornings to enjoy the serene backdrop. The oversized lot also creates opportunities you simply do not get in most North Central homes. There is room for up to ten cars including the garage, or space to create a full basketball setup out front. Inside, handmade barn doors crafted by family members add a layer of character and story you will not find in typical builder finishes. This is a home that has been deeply cared for and thoughtfully improved over the years. Located in the highly sought after Sunnyslope High School district, just minutes from downtown, shopping, dining, art galleries, sporting events, and major freeways, properties that combine this much land, a true casita, and this level of investment rarely become available in the North Central Corridor.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 54% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 3,156 | 2,082 | 89% |
| Lot Size | 19,096 | 10,424 | 91% |
| Price | $975.0K | $384.0K | 82% |
| Price per sq ft | $309 | $272 | 62% |
| Built year | 1949 | 1959 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 1404 | 1% |
Apr 10, 2026
$974,998
$974,999
+0% Price Increase
Initial Listing
Mar 17, 2026
$974,999
Initial Listing