8635 S 48TH Street 1, Phoenix, AZ 85044, Phoenix, 85044 - 2 bed, 2 bath
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Phoenix, AZ 85044
This property presents a High-Potential Investment Opportunity with a List Price of $309,000—positioned well below the $273,716 Fair Market Value by -12%. While the property carries a Condition Rating of 5, indicating a need for significant rehabilitation of core systems and finishes, the location in the Pointe South Mountain community offers strong long-term demand. With proximity to Frank Elementary and major transit, this is a strategic value-add asset ideal for Buy-and-Hold Investors or Fix-and-Flip Investors capable of modernizing the interior space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8635 S 48TH Street 1 Subject | $309,000* List Price | 2 | 2 | 976 | $280 | - |
A 4801 E EUCLID Avenue 2 Sold | $299,900 | 2 | 1 | 1,015 | $295 | 0.1 mi |
B 4810 E Euclid Avenue 1 Active | $245,000 List Price | 2 | 2 | 976 | $251 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1983, this 43-year-old property exceeds the 30-year threshold for the 'poor' category without evidence of major renovations. The exterior shows weathered wood and dated stucco, suggesting that core systems (HVAC/Electric) and interior finishes likely require significant rehabilitation.
Situated in the sought-after Pointe South Mountain community, the property offers excellent access to outdoor recreation, hiking trails, and major transportation arteries like the I-10.
Priced at $309,000, this 2-bedroom townhouse represents an accessible entry point into the Phoenix market for first-time homebuyers or savvy investors.
The home is conveniently located within walking distance (0.6 miles) of Frank Elementary School, making it a practical choice for small families.
The monthly HOA fee of $513 is relatively high for the square footage, which may deter budget-conscious buyers and impact overall affordability.
With under 1,000 square feet of living area and a 1983 build date, the interior may feel restrictive and might require modernization to meet contemporary standards.
Exceptional opportunity in Phoenix. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades PK-5 • 2.3 mi
Grades 6-8 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 976 | - |
| Lot Size | 1,860 | - |
| Price | $309.0K | $341.8K |
| Price per sq ft | $317 | $259 |
| Built year | 1983 | 0 |
| HOA | $513 | $0 |
| Days on market | 35 | 1211 |
Jun 17, 2026
$309,000
Initial Listing