1040 E PUEBLO Road, Phoenix, AZ 85020, Phoenix, 85020 - 3 bed, 2 bath
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Phoenix, AZ 85020
This 3-bedroom condominium represents a High-Potential Investment Opportunity, listed at a List Price of $350,000—positioned well below the $340,013 Fair Market Value by -2%. Featuring a Condition Rating of 5, the property requires cosmetic renovations, offering significant upside for forced appreciation. Located in the acclaimed Madison School District, this home includes two private patios and an indoor atrium. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project in a central Phoenix location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1040 E PUEBLO Road Subject | $328,000* List Price | 3 | 2 | 1,330 | $243 | - |
A 8406 N CENTRAL Avenue A Sold | $229,900 List Price | 3 | 2 | 1,255 | 1.0 mi | |
B 805 E CORTE ORO Street Active | $350,000 List Price | 2 | 2 | 1,412 | $248 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1974, this 50-year-old property features a significantly dated kitchen with original-style dark laminate cabinetry and older appliances. The listing explicitly identifies it as a 'diamond in the rough' needing upgrades, placing it in the category of homes requiring a full cosmetic rehab despite the clean interior and tile flooring.
Situated in North Central Phoenix within the highly-regarded Madison School District, offering significant appeal for families and strong potential for long-term appreciation.
Priced competitively in the mid-$300s, this property represents a rare entry-level opportunity to own a 3-bedroom home in a desirable, centrally located neighborhood.
The home features a split-master floor plan for added privacy, two private patios, and a distinctive indoor atrium that provides a unique character for entertaining.
Described as a 'diamond in the rough,' the property requires cosmetic updates and personal upgrades, which will necessitate additional immediate capital investment.
The monthly association fee of $327 increases the total carrying costs, which may be a consideration for buyers focused on minimizing monthly fixed expenses.
North Central Phoenix in the mid 300's? Crazy right? Come enjoy a low maintenance home with two private patios and a community pool a few doors down. Covered parking spaces 73 & 74 are also included! An indoor atrium highlights your entertaining area. The master is split from the other two bedrooms and this patio home has two full baths! This little diamond in the rough is waiting for you to add a little personal taste/upgrades and shine for you to impress your friends or even rent a room out if you are single. Aldi grocery says they will be opening up next door to this community in 2026 in the old dollar store. Come live in central Phoenix full of entertainment and let your kids excel in the acclaimed Madison School district.
No exterior & parking available.
Grades PK-4 • 1.6 mi
Grades 5-8 • 2.5 mi
Grades 9-12 • 5.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,330 | - |
| Lot Size | 7,575 | - |
| Price | $328.0K | $310.8K |
| Price per sq ft | $247 | $272 |
| Built year | 1974 | 0 |
| HOA | $327 | $0 |
| Days on market | 54 | 1408 |
Jul 7, 2026
$328,000
$339,900
-4% Price Drop
Initial Listing
Jun 26, 2026
$339,900
$350,000
-3% Price Drop
Initial Listing
May 29, 2026
$350,000
Initial Listing