1416 E PIERCE Street, Phoenix, AZ 85006, Phoenix, 85006 - 4 bed, 2 bath
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Phoenix, AZ 85006
This Brand-New 2026 Construction is a Strong Value Opportunity, listed at $500,000—positioned well below the $526,020 Fair Market Value by 4%. This valuation gap offers $26,020 in Instant Equity for the buyer. Featuring an Excellent Condition Rating, this energy-efficient home includes a private patio and modern finishes. Located in the historic Garfield neighborhood with no HOA, this property is an ideal fit for first-time buyers or owner-occupants seeking a turnkey, modern lifestyle in downtown Phoenix.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1416 E PIERCE Street Subject | $500,000* List Price | 4 | 2 | 1,589 | $331 | - |
A 1150 E POLK Street Sold | $399,000 List Price | 3 | 2 | 1,278 | 0.4 mi | |
B 1442 E PALM Lane Sold | $565,000 | 3 | 2 | 1,413 | $400 | 0.9 mi |
C 1430 E DIAMOND Street Sold | $479,900 | 3 | 1 | 1,430 | $336 | 0.3 mi |
D 1709 E WILLETTA Street Pending | $499,999 List Price | 4 | 2 | 1,496 | $334 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Brand-new 2026 construction featuring modern finishes, energy-efficient systems, and a move-in ready interior with new appliances and zero maintenance required.
A rare 2026 brand-new build in the historic Garfield neighborhood, offering modern energy efficiency and contemporary finishes that are difficult to find in this established downtown area.
The property features a generous 6,875 sq ft lot with no HOA restrictions or fees, providing homeowners with significant freedom and lower monthly carrying costs compared to newer developments.
The home is fully move-in ready with all appliances included and offers potential down payment assistance, making high-quality urban living more attainable for qualified buyers.
Deed restrictions limit the sale exclusively to first-time home buyers who will use the property as a primary residence, excluding investors and a large portion of the traditional buyer market.
The local public schools assigned to this address currently hold lower ratings (3-4 range), which may be a concern for families prioritizing high-performing educational districts.
Rare opportunity to own a brand-new home in the historic downtown Phoenix area! Located on an infill lot in the vibrant Garfield neighborhood, this energy-efficient 4-bedroom, 2-bath home offers 1,589 sq ft of modern living space on a 6,875 sq ft lot with no HOA. Designed for comfort, functionality, and long-term savings, the home features modern finishes throughout and includes all appliances, making it truly move-in ready. Qualified buyers may have access to down payment assistance programs, helping make homeownership more attainable. Due to deed restrictions, this property is available exclusively to eligible first-time home buyers who will occupy the home as their primary residence. Enjoy convenient access to Downtown Phoenix, local restaurants, healthcare facilities, major freeways, and Phoenix Sky Harbor International Airport. Residents will appreciate being near entertainment, cultural attractions, sporting venues, and everything central Phoenix has to offer while living in one of the city's most historic and rapidly growing neighborhoods.
No exterior & parking available.
Grades PK-8 • 0.2 mi
Grades PK-8 • 0.4 mi
Grades PK-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 76% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,589 | 1,363 | 67% |
| Lot Size | 6,875 | 6,875 | 50% |
| Price | $500.0K | $432.5K | 72% |
| Price per sq ft | $315 | $329 | 44% |
| Built year | 2026 | 1945 | 99% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 1172 | 1% |
May 29, 2026
$500,000
Initial Listing