12422 N ESCOBAR Way, Phoenix, AZ 85022, Phoenix, 85022 - 3 bed, 2 bath
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Phoenix, AZ 85022
This Value-Add Residential Asset represents a Prime Investment Opportunity, listed at $329,000—positioned well below the $345,965 Fair Market Value by 4%. This valuation gap secures $16,965 in Instant Equity. Currently holding a Condition Rating of 4, the property features a Modernized Kitchen and critical 2017 upgrades including a New Roof and HVAC and a Tuff Shed Workshop. Located near Shadow Mountain High School with no HOA, this home offers significant upside through cosmetic modernization. It is perfectly suited for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12422 N ESCOBAR Way Subject | $329,000* List Price | 3 | 2 | 1,655 | $209 | - |
A 2346 E Sylvia Street Sold | $355,000 | 3 | 2 | 1,512 | $235 | 0.3 mi |
B 2346 E SYLVIA Street Sold | $355,000 | 3 | 2 | 1,512 | $235 | 0.3 mi |
C 2101 E LUDLOW Drive Sold | $315,000 List Price | 5 | 3 | 2,222 | 0.9 mi | |
D 12410 N ESCOBAR Way Active | $360,000 List Price | 3 | 2 | 2,040 | $176 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, the property is over 50 years old but avoids a lower rating due to key system updates including a new roof and HVAC in 2017. While the kitchen has been updated, the interior shows significant cosmetic dating, including stained carpeting and wood paneling, requiring minor repairs and modernization to meet current standards.
The property features a new A/C unit and roof installed in 2017, providing significant value and reducing the likelihood of immediate high-cost capital expenditures.
The updated kitchen includes a large island, pull-out drawers, and ample storage, offering a contemporary and functional space that serves as a strong selling point.
With solid bones and a smart layout, the home offers a prime opportunity for buyers to build instant equity through manageable cosmetic updates like paint and flooring.
The interior requires immediate investment in carpet and paint to be move-in ready, which may deter buyers looking for a turnkey property.
The assigned elementary and middle schools have lower performance ratings (3/10 and 4/10), which could impact the property's appeal to families prioritizing education.
This is the kind of property buyers wait for: solid bones, smart layout, and just enough cosmetic upside to make it your own without blowing the budget. With carpet and paint and a few updates this place would transform fast and build instant equity. Inside you've got an updated kitchen with large island, pull out drawers and tons of storage. The bonus room is great for entertaining. Big backyard - Tuff shed with lights and electrical outlets makes for a great workshop. New A/C unit and Roof installed in 2017 Great opportunity.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,655 | 1,798 | 43% |
| Lot Size | 6,776 | 7,921 | 35% |
| Price | $329.0K | $420.0K | 37% |
| Price per sq ft | $199 | $268 | 34% |
| Built year | 1964 | 1985 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 1050 | 0% |
Apr 16, 2026
$329,000
Initial Listing