1511 W HAZELWOOD Street, Phoenix, AZ 85015, Phoenix, 85015 - 4 bed, 3 bath
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Phoenix, AZ 85015
This Spacious Value-Add Townhome represents a High-Potential Investment Opportunity, listed at $260,000—positioned well below the $337,212 Fair Market Value by 22%. This significant valuation gap provides $77,212 in Instant Equity. While maintaining a Move-In Ready Condition Rating with a new 2023 AC unit and 2025 water heater, the 1965 interior offers a prime canvas for cosmetic modernization. Featuring a rare 4-bedroom layout and private covered patio near the Melrose District, this asset is perfectly suited for Owner-Occupants looking to build wealth or Buy-and-Hold Investors seeking high rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1511 W HAZELWOOD Street Subject | $260,000* List Price | 4 | 3 | 1,584 | $213 | - |
A 1552 W CAMPBELL Avenue Sold | $200,000 List Price | 4 | 3 | 1,584 | 0.1 mi | |
B 1633 W HAZELWOOD Street Sold | $275,000 List Price | 3 | 3 | 1,584 | 0.1 mi | |
C 1552 W CAMPBELL Avenue Sold | $299,900 | 4 | 3 | 1,584 | $189 | 0.1 mi |
D 2030 W HIGHLAND Avenue Sold | $239,000 | 3 | 2 | 1,260 | $190 | 0.6 mi |
E 4776 N 20TH Avenue Sold | $232,500 | 2 | 2 | 1,260 | $185 | 0.6 mi |
F 1622 W CAMPBELL Avenue Active | $330,000 List Price | 4 | 3 | 1,584 | $208 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready with significant recent mechanical upgrades, including a new AC (2023) and water heater (2025). However, the interior remains largely in its original 1965 style with dated louvered closet doors, basic cabinetry, and older fixtures. While functional, the home requires cosmetic modernization to meet current market standards, fitting the 'fair' criteria for an aged property with regular upkeep but outdated components.
The property features a new AC unit installed in 2023 and a water heater replaced in 2025, providing significant peace of mind and reducing immediate capital expenditure for the buyer.
With 4 bedrooms and over 1,500 square feet of living space, this townhome offers a rare and versatile floor plan that is well-suited for larger families or high-yield rental opportunities.
Conveniently situated near 15th Ave and Camelback Rd, the home provides excellent access to central Phoenix shopping, dining, and major transportation corridors.
Built in 1965 and noted as an opportunity for renovation, the interior likely requires cosmetic modernization to compete with newer or fully remodeled units in the area.
The monthly association fee of $295 increases the total cost of ownership and may impact the purchasing power of budget-conscious buyers.
This 4-bedroom, 2.5-bath townhome offers 1,584 sq ft of comfortable living space with a functional layout and great natural flow. The home feels welcoming and move-in ready, while also presenting an excellent opportunity for renovation or personalization to make it your own. Major updates provide peace of mind, including an AC unit installed in 2023, a water heater replaced in 2025, and a new washer and dryer. Enjoy a private covered back patio, two reserved covered parking spaces, and access to a community pool, perfect for Arizona living. The property offers solid fundamentals with room to enhance and add value over time. Conveniently located near 15th Ave & Camelback Rd, with easy access to shopping, dining, and everyday essentials, this home combines comfort, location, and opportunity an ideal option for homeowners or investors alike.
No exterior & parking available.
Grades 7-8 • 0.4 mi
Grades PK-8 • 0.9 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 | 85% |
| Baths | 3.0 | 2.0 | 70% |
| Square foot | 1,584 | 1,371 | 62% |
| Lot Size | 1,684 | 2,352 | 26% |
| Price | $260.0K | $290.0K | 45% |
| Price per sq ft | $164 | $189 | 32% |
| Built year | 1965 | 1970 | 19% |
| HOA | $295 | $215 | 94% |
| Days on market | 74 | 795 | 2% |
Feb 11, 2026
$260,000
Initial Listing