1015 N 59TH Lane, Phoenix, AZ 85043, Phoenix, 85043 - 2 bed, 1 bath
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Phoenix, AZ 85043
This property presents a High-Potential Investment Opportunity with a List Price of $199,000, positioned at the $199,000 Fair Market Value. While the home currently holds a Condition Rating of 5, the 1,469 sqft footprint and No HOA Restrictions provide a blank canvas for significant value-add renovations. Located within walking distance of Sunridge Elementary, the property offers a strategic entry point for those capable of managing a short sale timeline. This asset is best suited for Buy-and-Hold Investors or Contractors prepared to address deferred maintenance and modernize the interior layout.
Property is extensive renovation needed.
Built in 1978 (48 years old) with no evidence of recent renovations. The short sale status, unmaintained exterior, and age suggest significant deferred maintenance and the likely need for a full interior rehab of kitchens, baths, and systems.
Priced at $199,000 for nearly 1,500 square feet, this property represents a significant entry-level opportunity in the Phoenix market with substantial equity potential.
The absence of a homeowners association fee provides the owner with lower monthly carrying costs and greater freedom regarding property use and maintenance.
The property is located less than half a mile from Sunridge Elementary School, offering convenient and safe access for families with young children.
The short sale status requires third-party lender approval, which typically results in a more prolonged and uncertain closing timeline for the buyer.
With only one bathroom for a home of this square footage, the layout may be less functional for families and could impact future resale competitiveness.
Short Sale Opportunity - Submitting all offers no later than 7/21/26. NO OFFERS UNDER $235,000 shall be submitted to Lender for review. ALL Offers MUST BE $235K or higher. Property shall be sold AS IS.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 2.9 mi
Grades 9-12 • 4.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,469 | - |
| Lot Size | 6,111 | - |
| Price | $235.0K | $495.4K |
| Price per sq ft | $160 | $290 |
| Built year | 1978 | 0 |
| HOA | $0 | $0 |
| Days on market | 41 | 1260 |
Jul 15, 2026
$235,000
$199,000
+18% Price Increase
Initial Listing
Jun 11, 2026
$199,000
Initial Listing