1531 E ROSEMONTE Drive, Phoenix, AZ 85024, Phoenix, 85024 - 3 bed, 2 bath
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Phoenix, AZ 85024
This Versatile Residential Asset is a Strong Value Opportunity, listed at $360,000—positioning it fairly alongside its $358,134 Fair Market Value. This short sale opportunity features a Condition Rating of 4, boasting vaulted ceilings, wood-look laminate flooring, and a premium corner lot with adjacent open space. Despite the complexity of third-party bank approval, the home’s move-in ready condition and pricing below the $400,000 threshold offer a rare find in the Phoenix market. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1531 E ROSEMONTE Drive Subject | $400,000* List Price | 3 | 2 | 1,322 | $292 | - |
A 1965 E MORROW Drive Sold | $405,000 | 3 | 2 | 1,586 | $255 | 0.5 mi |
B 18803 N 16TH Place Sold | $448,000 | 3 | 2 | 1,422 | $315 | 0.1 mi |
C 2101 E ROSEMONTE Drive Sold | $475,000 List Price | 3 | 2 | 1,618 | 0.7 mi | |
D 2035 E ESCUDA Road Sold | $482,000 | 3 | 3 | 1,628 | $296 | 0.9 mi |
E 18625 N 15TH Place Active | $415,000 List Price | 3 | 2 | 1,512 | $274 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1991, is well-maintained and move-in ready, featuring updated wood-look laminate flooring and vaulted ceilings. However, it retains original 1990s-style oak cabinetry and older fixtures, and lacks evidence of a full-scale modern renovation. It fits the 'fair' criteria as an aged home that is functional and clean but shows signs of being outdated.
Priced at $360,000, this property represents a strong value proposition for the Phoenix market, offering a detached single-family home for well under the $400,000 threshold.
The home is situated on a desirable corner lot with adjacent open space, providing increased privacy, better curb appeal, and a less congested feel than interior lots.
The open-concept layout combined with vaulted ceilings creates a spacious and airy atmosphere that enhances the living experience beyond its 1,322 square foot footprint.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1322, other record living area = 1187.
Being a short sale, the purchase process may involve significant delays and is subject to third-party bank approval, which can be a deterrent for buyers on a strict timeline.
The local elementary and high schools carry lower ratings (2/10 and 4/10), which may limit the property's appeal to families and impact future appreciation potential.
Fantastic short sale opportunity! This charming and move-in ready home is perfect for a primary residence or rental investment. Featuring 3 bedrooms and 2 bathrooms, the house sits on a desirable corner lot with open space on one side. The spacious backyard offers a grassy area, ideal for outdoor activities. Inside, you'll find an open-concept layout with vaulted ceilings and a large primary bedroom for added comfort. Priced below $400K, this versatile home is a must-see!
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades 7-8 • 2.7 mi
Grades 9-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,322 | - |
| Lot Size | 4,579 | - |
| Price | $400.0K | $495.4K |
| Price per sq ft | $303 | $290 |
| Built year | 1991 | 0 |
| HOA | $34 | $0 |
| Days on market | 288 | 1260 |
Jul 16, 2026
$400,000
$360,000
+11% Price Increase
Initial Listing
Oct 7, 2025
$360,000
Initial Listing