8883 N 48TH Drive, Glendale, AZ 85302, Glendale, 85302 - 3 bed, 2 bath
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Glendale, AZ 85302
This Spacious 1983 Townhouse is listed at $399,000, currently positioned above the $334,147 Fair Market Value. Carrying a Fair Condition Rating, the 1,512-square-foot interior features original cabinetry and laminate counters, presenting a clear Value-Add Opportunity for modernization. The property is distinguished by its Seller Financing Terms ($80K down at 7.9%), providing a rare alternative to traditional lending. Situated within a mile of the 7-rated Apollo High School and Horizon School, this asset is a tactical choice for Buy-and-Hold Investors or Owner-Occupants seeking flexible financing and long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8883 N 48TH Drive Subject | $399,000* List Price | 3 | 2 | 1,512 | $221 | - |
A 4776 W EVA Street Sold | $310,000 | 3 | 3 | 1,514 | $205 | 0.1 mi |
B 4776 W EVA Street Sold | $310,000 | 3 | 3 | 1,514 | $205 | 0.1 mi |
C 5009 W NEW WORLD Drive Sold | $325,000 | 3 | 2 | 1,352 | $240 | 0.2 mi |
D 4729 W EVA Street Active | $330,000 List Price | 3 | 3 | 1,483 | $223 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is clean and move-in ready but shows significant signs of age consistent with its 1983 construction. The kitchen features dated laminate countertops, a mix of older white and newer stainless steel appliances, and an obsolete fluorescent light box. While the tile flooring and neutral paint indicate regular maintenance, the presence of popcorn ceilings and original-style cabinetry places it firmly in the fair category as it lacks a comprehensive modern renovation.
The availability of seller financing terms ($80K down at 7.9% for 30 years) makes this property highly accessible to buyers who may not qualify for traditional lending or seek a faster closing process.
The home is located within a mile of Apollo High School, which boasts a solid rating of 7, and Horizon School, offering convenient educational access for families.
With 1,512 square feet and a three-bedroom configuration, this residence provides a more generous living area than many standard townhomes, offering better utility for growing households.
Built in 1983, the property may require updates to major systems or cosmetic renovations to align with modern energy efficiency standards and contemporary design trends.
The $254 monthly association fee adds a significant recurring cost to the ownership budget, which may be a deterrent for price-sensitive buyers compared to single-family homes without fees.
Seller Finance Terms 80K down at 7.9% 30yrs
No exterior & parking available.
Grades K-8 • 0.5 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 67% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,512 | 1,246 | 80% |
| Lot Size | 3,067 | 1,925 | 80% |
| Price | $399.0K | $220.0K | 93% |
| Price per sq ft | $264 | $205 | 93% |
| Built year | 1983 | 1976 | 53% |
| HOA | $254 | $162 | 87% |
| Days on market | 66 | 2705 | 7% |
Apr 1, 2026
$399,000
Initial Listing