$350,000
SOLD JUN 27, 2025

5407 W Cambridge Ave Unit 2 Phoenix, AZ 85035

3 Beds
2 Baths
1,152 Sq Ft
6,403 Sq Ft Lot

Recently Sold

$304 Per Sq Ft

31 Days on Market

Highlights

  • Private Pool
  • No HOA
  • Eat-In Kitchen
  • Phoenix Coding Academy Rated A
  • Covered Patio or Porch
  • Tile Flooring

About This Home

As of June 2025

Come see this cozy home. Perfect for that first time buyer. The home is located in the heart of Phoenix, minutes away shopping centers and the I-10. This home has a lovely backyard with a pool perfect for weekend gatherings. Shed in backyard could be used as a workshop or a change room. This is a must see!!

Last Agent to Sell the Property

Guillermo Garcia

My Home Group Real Estate License #SA675198000 Listed on: 04/22/2025

My Home Group Real Estate

Last Buyer's Agent

Claudia Ruiz Saenz

Equity Realty Group, LLC License #SA668552000

Equity Realty Group, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $823

Year Built

  • Built in 1962

Lot Details

  • 6,403 Sq Ft Lot
  • Desert faces the back of the property
  • Block Wall Fence

Parking

  • 2 Carport Spaces

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • 1,152 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Cooktop

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms

Pool

  • Private Pool
  • Diving Board

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Location

  • Property is near a bus stop

Schools

  • Cartwright Elementary School
  • Frank Borman Middle School
  • Maryvale High School

Utilities

  • Central Air
  • Heating Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Homestead Terrace 2 Subdivision

Listing and Financial Details

  • Tax Lot 242
  • Assessor Parcel Number 103-55-156

Home Details

Home Type

Single Family

Est. Annual Taxes

$823

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 55th Ave & Thomas Rd
  • Legal Info Range: 2E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1962
  • Tax Year: 2024
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.15
  • Subdivision Name: HOMESTEAD TERRACE 2
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 303.81
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Pantry, Full Bth Master Bdrm
  • Living Area: 1152.0
  • Stories: 1
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:Near Bus Stop: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Storage
  • Lot Features: Alley, Natural Desert Back, Dirt Back, Gravel/Stone Front
  • Pool Features: Diving Pool, Private
  • Disclosures: None
  • Construction Type: Painted, Block
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Composition
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Storage: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Carport Spaces: 2.0
  • Open Parking Spaces: 2.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Laundry Features: Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Near Bus Stop
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: %
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Cartwright School
  • High School: Maryvale High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Frank Borman School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6403.0
  • Parcel #: 103-55-156

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 823.0
  • Tax Book Number: 103.00
  • Tax Lot: 242
  • Tax Map Number: 55.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2025
Closed on
Jun 4, 2025
Sold by
Suazo Zaida Lizeth and Suazo Phillip A
Bought by
Lopez Luz B Tapia and Alvarado Arturo G
Seller's Agent
Guillermo Garcia
My Home Group Real Estate
Buyer's Agent
Claudia Ruiz Saenz
Equity Realty Group, LLC
List Price
$350,000
Sold Price
$350,000
Views
66
Current Estimated Value
$339,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,345
Avg. Annual Appreciation
-6.45%
Original Mortgage
$12,250
Outstanding Balance
$11,496
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$328,159

Purchase Details

Listed on
Jun 26, 2016
Closed on
Jul 22, 2016
Sold by
Greater Phoenix Real Estate Alliance Llc
Bought by
Suazo Zaida Lizeth and Suazo Phillip A
Seller's Agent
Maria C.Morris
The John Samuels Agency
Buyer's Agent
Celina Acosta
Real Broker
List Price
$148,000
Sold Price
$151,000
Premium/Discount to List
$3,000
2.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.02%
Original Mortgage
$148,265
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 10, 2015
Closed on
Sep 24, 2015
Sold by
Thr Phoenix Lp
Bought by
Greater Phoenix Real Estate Alliance Llc
Seller's Agent
Scott Perkinson
Perk Prop Real Estate
Buyer's Agent
Renee Messali-Montgomery
eXp Realty
List Price
$99,000
Sold Price
$95,000
Premium/Discount to List
-$4,000
-4.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.72%

Purchase Details

Closed on
Sep 4, 2012
Sold by
Felix Silvia
Bought by
Thr Phoenix Llc

Purchase Details

Closed on
Sep 16, 2011
Sold by
Granadino Rainier
Bought by
Felix Silvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 24, 2011
Sold by
The Bank Of New York Mellon
Bought by
Granadino Rainier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2011
Sold by
Rivera Jeffrey G and Rivera Patricia A
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Jun 4, 2004
Sold by
Lopez Richard L
Bought by
Rivera Patricia A and Rivera Jeffrey G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,405
Interest Rate
7.35%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $350,000 American Title Service Agency
Warranty Deed $151,000 Lawyers Title Of Arizona Inc
Cash Sale Deed $100,000 Empire West Title Agency
Cash Sale Deed $69,000 First American Title Ins Co
Quit Claim Deed -- None Available
Special Warranty Deed $37,800 Guaranty Title Agency
Trustee Deed $30,118 First American Title
Warranty Deed $119,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $12,250 New Conventional
Open $343,660 FHA
Previous Owner $148,265 FHA
Previous Owner $26,000 Purchase Money Mortgage
Previous Owner $94,405 FHA
Closed $25,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2025 06/27/25 Sold $350,000 0.0% $304 / Sq Ft
05/23/2025 05/23/25 Pending -- -- --
04/22/2025 04/22/25 For Sale $350,000 +131.8% $304 / Sq Ft
09/09/2016 09/09/16 Sold $151,000 +2.0% $131 / Sq Ft View Prior Sale
09/07/2016 09/07/16 Price Changed $148,000 0.0% $128 / Sq Ft
07/22/2016 07/22/16 For Sale $148,000 0.0% $128 / Sq Ft
07/17/2016 07/17/16 Pending -- -- --
07/07/2016 07/07/16 Price Changed $148,000 -1.0% $128 / Sq Ft
06/26/2016 06/26/16 For Sale $149,500 +57.4% $130 / Sq Ft
10/01/2015 10/01/15 Sold $95,000 -4.0% $82 / Sq Ft View Prior Sale
09/17/2015 09/17/15 Pending -- -- --
09/10/2015 09/10/15 For Sale $99,000 -- $86 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $846 $5,306 -- --
2024 $844 $5,053 -- --
2023 $844 $21,120 $4,220 $16,900
2022 $792 $16,980 $3,390 $13,590
2021 $809 $14,860 $2,970 $11,890
2020 $763 $13,360 $2,670 $10,690
2019 $728 $11,480 $2,290 $9,190
2018 $761 $10,460 $2,090 $8,370
2017 $726 $8,580 $1,710 $6,870
2016 $769 $7,370 $1,470 $5,900
2015 $717 $6,150 $1,230 $4,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6855565

Arizona Regional Multiple Listing Service (ARMLS)

APN: 103-55-156