502 W SOUTHERN Avenue, Phoenix, AZ 85041, Phoenix AZ 85041
Rare opportunity to own a well-maintained home on more than 22,000 square feet of R5-zoned land in the heart of Phoenix. This 3-bedroom, 1-bath home offers over 1,400 square feet of living space, a new roof, and a newer HVAC system installed approximately one year ago. The oversized lot and R5 zoning create opportunities seldom found in the area. R5 zoning allows for high-density residential development and certain restricted commercial uses, making the property attractive for future multifamily development, live/work opportunities, office uses, or long-term investment potential. Buyers are e
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Phoenix
This property is offered at $403 per square foot, compared with a $260 median for active 3-bedroom homes in Phoenix. Its asking price falls near the 78th percentile of that active group. The comparison uses 2,597 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $331,300, and the median is $273 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 5621 S 5TH Drive, Phoenix, AZ 85041 | May 14, 2026 | 3 bd · 1,228 sqft | $338,600 | 0.2 mi |
| 5610 S 5TH Drive, Phoenix, AZ 85041 | Sep 11, 2026 | 3 bd · 1,443 sqft | $340,000 | 0.2 mi |
| 6236 S MONTEZUMA Street, Phoenix, AZ 85041 | May 19, 2026 | 3 bd · 1,068 sqft | $305,000 | 0.3 mi |
| 206 W SUNLAND Avenue, Phoenix, AZ 85041 | Sep 9, 2026 | 4 bd · 1,961 sqft | $389,000 | 0.3 mi |
| 502 W CHAMBERS Street, Phoenix, AZ 85041 | Sep 14, 2026 | 3 bd · 1,019 sqft | $324,000 | 0.4 mi |
| 6435 S 5TH Avenue, Phoenix, AZ 85041 | Sep 29, 2026 | 3 bd · 1,338 sqft | $200,000 | 0.4 mi |
| 6430 S MONTEZUMA Street, Phoenix, AZ 85041 | May 12, 2026 | 3 bd · 1,280 sqft | $344,999 | 0.4 mi |
| 5244 S MONTEZUMA Street, Phoenix, AZ 85041 | Jun 23, 2026 | 2 bd · 1,021 sqft | $309,000 | 0.4 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $569,000 · Active
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