8602 N 56TH Drive, Glendale, AZ 85302, Glendale, 85302 - 4 bed, 2 bath
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Glendale, AZ 85302
This Bank-Owned Residential Property serves as a strategic Value-Add Asset for buyers seeking a motivated seller, listed at $404,999—a price reflecting market stability relative to its $387,542 Fair Market Value. Currently maintaining a Condition Rating of 4, the interior boasts a Renovated Kitchen and Modern LVP Flooring, though the property requires a Pool Rehabilitation and exterior repairs. The expansive 9,588 SqFt Lot and proximity to Glendale American School (PK-8) offer strong long-term potential. This acquisition is perfectly suited for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8602 N 56TH Drive Subject | $404,999* List Price | 4 | 2 | 1,690 | $229 | - |
A 5404 W Eva Street Sold | $419,000 | 4 | 2 | 1,955 | $214 | 0.5 mi |
B 4949 W ROYAL PALM Road Sold | $336,201 | 3 | 2 | 1,816 | $185 | 0.9 mi |
C 5807 W PALO VERDE Avenue Sold | $415,000 | 4 | 6 | 1,768 | $235 | 0.7 mi |
D 8521 N 53RD Drive Sold | $320,000 | 3 | 2 | 1,681 | $190 | 0.4 mi |
E 8714 N 58TH Lane Sold | $455,000 | 3 | 2 | 1,679 | $271 | 0.3 mi |
F 8423 N 55TH Drive Active | $340,000 List Price | 4 | 2 | 1,569 | $217 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property features a recently refreshed interior with modern LVP flooring, fresh paint, and a renovated kitchen boasting white shaker cabinets and stone countertops. However, it is a bank-owned property that is not fully move-in ready; it lacks all kitchen appliances, the exterior siding shows signs of wear and wood rot, and the swimming pool is empty and requires significant rehabilitation. While the interior aesthetics are updated, the 1972 infrastructure and missing essential components align with a 'fair' condition rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9588, living area = 1690.
As a bank-owned property with a motivated seller, this home offers significant equity potential for investors or buyers looking to customize a property with solid bones and strong upside.
The generous 9,588-square-foot lot provides ample outdoor space and flexibility, further enhanced by the absence of restrictive association fees or oversight.
The property is marketed as needing vision, suggesting that substantial cosmetic or structural updates are necessary to bring the home to modern standards.
Built in 1972, the home may require costly updates to major systems such as electrical, plumbing, or HVAC that are typical for properties of this vintage.
Bank-owned property — the seller is motivated and looking for a quick sale. Don't miss your opportunity — bring all offers! This property has great potential and tons of opportunity! With solid bones and strong upside, this one is ready for your vision.
No exterior & parking available.
Grades PK-8 • 0.2 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 60% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,690 | 1,690.5 | 50% |
| Lot Size | 9,588 | 7,313.5 | 85% |
| Price | $405.0K | $326.5K | 76% |
| Price per sq ft | $240 | $198 | 74% |
| Built year | 1972 | 1977 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 2571 | 1% |
Feb 2, 2026
$404,999
Initial Listing