
Phoenix, AZ 85020
This property presents a High-Potential Investment Opportunity with a List Price of $625,000—positioned well above the $440,756 Fair Market Value by -41%. While the current Condition Rating of 5 necessitates a comprehensive renovation, the expansive 9,775 sqft lot and detached shed offer significant ADU Potential for forced appreciation. With a projected ARV exceeding $1M, this asset is a strategic play for Fix-and-Flip Investors or Contractors capable of executing a full-scale modernization to unlock the property's underlying value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1019 E NORTHVIEW Avenue Subject | $600,000* List Price | 4 | 3 | 2,200 | $255 | - |
A 7140 N 15TH Street Sold | $499,000 List Price | 4 | 2 | 2,268 | 0.6 mi | |
B 7140 N 15TH Street Sold | $469,500 List Price | 4 | 2 | 2,168 | 0.6 mi | |
C 1106 E GLENDALE Avenue Sold | $440,000 | 3 | 2 | 1,574 | $280 | 0.3 mi |
D 841 E HAYWARD Avenue Pending | $515,000 List Price | 3 | 2 | 1,720 | $299 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1953 with no evidence of recent renovation. The kitchen is highly outdated with painted cabinets and tile counters, and the presence of window AC units suggests the central HVAC system is likely non-functional or inadequate. The listing description explicitly positions this as a rehab project with 'upside potential' and a high 'After Repair Value,' indicating the need for a complete overhaul of systems and finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9775, living area = 2200.
With a projected After Repair Value (ARV) exceeding $1M, this property offers significant equity growth potential for investors or homeowners looking to customize a high-value residence.
The detached shed provides a versatile opportunity to create an accessory dwelling unit, guest house, or private office, adding substantial functional square footage and value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2200, other record living area = 1838.
The property is positioned as a fixer-upper or redevelopment project, meaning buyers must budget for substantial capital expenditures to modernize the 1953 structure.
Realizing the ADU potential requires connecting the detached structure to the sewer system, which can be a costly and complex undertaking depending on local permitting and site conditions.
Great home in a fantastic location with incredible upside potential. Keep the current quaint, colorful charm and make it your own, or completely reimagine the property into a modern showpiece. The opportunities here are endless. The detached shed offers exciting ADU potential if connected to sewer -- ideal for a guest house, art studio, gym, or private home office. The lot and layout create flexibility for a buyer with vision. With renovations and improvements, the projected After Repair Value (ARV) could exceed $1M+, making this an attractive opportunity for both owner-occupants and investors alike. A rare chance to build equity and create something truly special in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,200 | - |
| Lot Size | 9,775 | - |
| Price | $600.0K | $495.4K |
| Price per sq ft | $273 | $290 |
| Built year | 1953 | 0 |
| HOA | $0 | $0 |
| Days on market | 67 | 1260 |
Jul 13, 2026
$600,000
$625,000
-4% Price Drop
Initial Listing
May 16, 2026
$625,000
Initial Listing