15221 N 42ND Place, Phoenix, AZ 85032, Phoenix, 85032 - 4 bed, 2 bath
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Phoenix, AZ 85032
This Stunning Move-In Ready Home is a Prime Investment Opportunity, listed at $800,000—positioned well below the $832,839 Fair Market Value by 3%. This valuation gap offers $32,839 in Instant Equity for the buyer. Featuring a remodeled interior, modern kitchen, and a large diving pool, the property maintains an Excellent Condition Rating. Its split floor plan and proximity to mountain trails offer a premium lifestyle. This is an ideal acquisition for Owner-Occupants seeking a turnkey residence or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15221 N 42ND Place Subject | $769,000* List Price | 4 | 2 | 2,162 | $356 | - |
A 4536 E BECK Lane Sold | $750,000 List Price | 4 | 2 | 2,211 | 0.4 mi | |
B 4536 E BECK Lane Sold | $917,000 List Price | 4 | 2 | 2,211 | 0.4 mi | |
C 4335 E Betty Elyse Lane Sold | $660,000 | 3 | 2 | 1,784 | $370 | 0.2 mi |
D 15002 N 43RD Street Sold | $692,000 | 3 | 2 | 1,942 | $356 | 0.2 mi |
E 4345 E BLANCHE Drive Sold | $752,500 | 3 | 2 | 1,858 | $405 | 0.2 mi |
F 4345 E BLANCHE Drive Sold | $752,500 | 3 | 2 | 1,858 | $405 | 0.2 mi |
G 4568 E PARADISE Lane Sold | $794,430 | 4 | 2 | 2,414 | $329 | 0.7 mi |
H 14841 N 42nd Place Sold | $860,000 | 4 | 3 | 2,282 | $377 | 0.2 mi |
I 4340 E NISBET Road Active | $795,000 List Price | 3 | 2 | 1,953 | $407 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1987, the property has undergone a high-quality, stylish remodel within the last 5 years. It features modern wood-look tile flooring, updated recessed lighting, and a contemporary kitchen with stainless steel appliances and stone countertops. The presence of solar panels and a well-maintained diving pool further indicates excellent system maintenance and move-in ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8956, living area = 2162.
Ideally situated near mountain trails and major freeways (I-17, 51, and 101), this home offers a perfect balance of outdoor recreation and convenient commuting to world-class amenities.
The property features a large diving pool and an al fresco retreat, providing a private and functional backyard oasis perfectly suited for the Arizona climate and entertaining.
With four bedrooms but only two bathrooms, the home may present a challenge for larger families or guests, potentially impacting daily convenience and market competitiveness.
Despite the stylish aesthetic remodel, the 1987 construction year suggests that original underlying systems like plumbing or electrical may soon require maintenance or further investment.
PRIME location! Come fall in love with this stylish remodeled ranch home nestled on a quiet street! An open and bright split floor plan will enchant as you welcome yourself into the front foyer with the soaring ceiling meeting the formal living and dining rooms. The Kitchen is spacious featuring stainless steel appliances, a breakfast room and pantry.. with more than enough room for the Saturday Costco run!! The family room with fireplace is perfect for cozy desert evenings. Escape to the large primary retreat with sitting area and patio access. This split floor-plan offers three additional bedrooms and a bath for easy entertaining. A large, captivating diving pool will keep you cool all summer! This al fresco retreat is an idyllic backdrop for intimate gatherings or grand-scale entertaining. Close to mountain trails for easy hiking. World-class shopping, restaurants, museums, and nightlife right outside your doorstep! Quick access to the I17, 51 and 101 freeways for easy commuting.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,162 | - |
| Lot Size | 8,956 | - |
| Price | $769.0K | $495.4K |
| Price per sq ft | $356 | $290 |
| Built year | 1987 | 0 |
| HOA | $0 | $0 |
| Days on market | 83 | 1260 |
Jun 11, 2026
$769,000
$795,000
-3% Price Drop
Initial Listing
May 31, 2026
$795,000
$800,000
-1% Price Drop
Initial Listing
May 1, 2026
$800,000
Initial Listing