8429 W VERNON Avenue, Phoenix, AZ 85037, Phoenix, 85037 - 3 bed, 3 bath
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Phoenix, AZ 85037
This Single Family Residence is a Strong Value Opportunity, listed at $289,772—positioned well below the $323,396 Fair Market Value by 10%. This valuation gap offers $33,624 in Instant Equity for the buyer. The property maintains a Condition Rating of 3, featuring a functional layout with high ceilings and a private patio. While cosmetic updates are recommended to modernize the interior, the gated community amenities and low HOA fees provide long-term stability. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8429 W VERNON Avenue Subject | $289,772* List Price | 3 | 3 | 1,582 | $204 | - |
A 8478 W LEWIS Avenue Sold | $330,000 | 2 | 3 | 1,449 | $228 | 0.1 mi |
B 8478 W LEWIS Avenue Sold | $330,000 | 2 | 2 | 1,449 | $228 | 0.1 mi |
C 8478 W LEWIS Avenue Sold | $330,000 | 2 | 2 | 1,449 | $228 | 0.1 mi |
D 2348 N 84TH Drive Active | $315,000 List Price | 3 | 3 | 1,651 | $191 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008 (18 years old), the property falls within the 10-20 year range for 'Good' condition. The home appears well-maintained and functional with a move-in ready layout. While the kitchen and bathrooms feature original 2008 finishes like laminate countertops and oak-style cabinetry that are becoming dated, the inclusion of stainless steel appliances and the overall cleanliness suggest it has been cared for. The listing's suggestion to 'bring your vision' indicates a need for cosmetic updates rather than major structural or system repairs.
Priced strategically under $290,000 for a 2008 build, this property offers an excellent entry-level opportunity for first-time buyers or investors looking for a high-value asset in Phoenix.
The home is situated within a secure gated community that includes a pool and spa, with a relatively low HOA fee of $162 per month covering common area maintenance.
The interior features high ceilings and ample natural light, complemented by a practical floor plan that includes a primary suite with dual sinks and a two-car garage.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2165, living area = 1582.
The listing suggests the buyer 'bring your vision,' indicating that the home likely requires investment in cosmetic upgrades such as flooring or countertop replacements to modernize the space.
The local schools are rated 3 and 4 out of 10, which may be a deterrent for families prioritizing high-performing educational districts and could impact future resale velocity.
Solid bones in a gated community at a price point that makes sense. This two-story home in Bailey Commons has a functional layout, high ceilings, and natural light working in its favor. Main living area opens to the kitchen with stainless appliances and laminate counters. Upstairs, the primary suite has dual sinks, a separate toilet room, stand-up shower, and walk-in closet. Two additional bedrooms and a full bath round out the second floor. Private patio out back, two-car garage, washer/dryer included. Community pool and spa and gated access. HOA covers common area maintenance at $162/month. Priced to move. Bring your vision.
No exterior & parking available.
Grades PK-8 • 0.2 mi
Grades 9-12 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,582 | - |
| Lot Size | 2,165 | - |
| Price | $289.8K | $495.4K |
| Price per sq ft | $183 | $290 |
| Built year | 2008 | 0 |
| HOA | $162 | $0 |
| Days on market | 26 | 1260 |
Jun 26, 2026
$289,772
Initial Listing