1423 E CORONADO Road, Phoenix, AZ 85006, Phoenix, 85006 - 2 bed, 2 bath
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Phoenix, AZ 85006
This Historic Reconstruction Project is listed at $379,900 compared to a $174,016 Fair Market Value, reflecting the significant land value and prestige of the Historic Coronado District. Currently holding a Condition Rating of 6, the property is a total shell requiring a complete overhaul of all utilities and interior systems. However, the oversized 8,520 Sqft Lot and Detached Accessory Structure provide a massive footprint for a high-end custom restoration or ADU addition. Located near North High School, this Value-Add Asset is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1423 E CORONADO Road Subject | $379,900* List Price | 2 | 2 | 1,349 | $129 | - |
A 1326 E Diamond Street Sold | $281,500 | 4 | 2 | 1,343 | $210 | 0.5 mi |
B 2030 N 10TH Street Sold | $310,000 | 2 | 2 | 1,391 | $223 | 0.6 mi |
C 1621 E PALM Lane Active | $335,000 List Price | 3 | 1 | 1,190 | $282 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1945 (>50 years old), the property is currently unlivable and lacks all utilities. The interior is completely gutted to the studs with no functional kitchen, bathrooms, or HVAC systems, essentially representing land value or a total reconstruction project.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8520, living area = 1349.
Situated in the highly desirable Historic Coronado District near Coronado Park, this property offers exceptional long-term value and a sought-after urban lifestyle.
With a generous 8,520 sqft lot and no HOA restrictions, there is substantial upside for investors or builders to create a custom residence in a high-demand area.
The home is currently unfinished and lacks utilities, requiring a complete renovation and significant capital injection before it can be occupied.
The property's current state necessitates cash-only offers, significantly limiting the buyer pool by excluding those reliant on traditional mortgage financing.
Location! Location! Location! Excellent Buyer Opportunity in the Historic Coronado District market service area and just east of Coronado Park! No HOA! So much potential and upside here. No utilities. House is unfinished. Detached structure in back was 1 car garage. Submit all cash only offers for Seller review and approval.
No exterior & parking available.
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 31% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,349 | 1,344 | 51% |
| Lot Size | 8,520 | 6,799 | 82% |
| Price | $379.9K | $432.5K | 39% |
| Price per sq ft | $282 | $327 | 44% |
| Built year | 1945 | 1944 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 1385 | 1% |
Apr 30, 2026
$379,900
Initial Listing