15601 N 27TH Street 40, Phoenix, AZ 85032, Phoenix, 85032 - 2 bed, 2 bath
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Phoenix, AZ 85032
This High-Potential Investment Opportunity is a 2-bedroom, 2-bathroom townhouse listed at $189,500, positioned slightly above the $185,087 Fair Market Value. While the property requires modernization, its Condition Rating of 4 reflects a functional, move-in ready state with durable tile flooring. The community is currently undergoing significant revitalization, including a pool remodel and landscape upgrades, which will enhance long-term asset appeal. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, value-add project in a gated Phoenix community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15601 N 27TH Street 40 Subject | $189,500* List Price | 2 | 2 | 888 | $208 | - |
A 2838 E BECK Lane 2 Sold | $195,000 | 2 | 2 | 870 | $224 | 0.2 mi |
B 2838 E BECK Lane 2 Sold | $195,000 | 2 | 2 | 870 | $224 | 0.2 mi |
C 2838 E BECK Lane 2 Sold | $195,000 | 2 | 2 | 870 | $224 | 0.2 mi |
D 16635 N CAVE CREEK Road 232 Sold | $195,000 | 2 | 2 | 1,134 | $172 | 0.8 mi |
E 3001 E GRANDVIEW Road 2 Sold | $225,000 | 2 | 3 | 1,048 | $215 | 0.6 mi |
F 2437 E TRACY Lane 1 Active | $205,000 List Price | 2 | 2 | 816 | $251 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983 (41 years old), the property is significantly dated. While it features functional tile flooring throughout and appears clean, the kitchen cabinetry and overall aesthetic are over 20 years old and require modernization. It is move-in ready but needs cosmetic and likely system updates.
Priced under $190,000 for a 2-bedroom, 2-bathroom townhouse in a gated community, this property represents a highly competitive entry point for the Phoenix real estate market.
The single-level layout features full tile flooring and a private backyard, offering a durable and easy-to-maintain living environment ideal for rentals or desert living.
The community is currently undergoing significant upgrades, including a pool remodel and professional landscaping overhaul, which are likely to enhance future curb appeal and property value.
The community pool is currently closed for renovation and is not scheduled to reopen until mid-2026, which may be a significant drawback for residents during the hot summer months.
The property is served by schools with relatively low performance ratings, which could limit its appeal to families and impact long-term resale potential.
ONE LEVEL 2 BR 2 BATH, FULLY TILE, PRIVATE BACKYARD. Gated community. Community pool is being remodeled to be open on 6/30/2026. Community landscape is being revamped and new natural turf is being planted.
No exterior & parking available.
Grades PK-3 • 0.3 mi
Grades 4-6 • 0.4 mi
Grades 7-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 888 | - |
| Lot Size | 858 | - |
| Price | $189.5K | $341.8K |
| Price per sq ft | $213 | $259 |
| Built year | 1983 | 0 |
| HOA | $264 | $0 |
| Days on market | 43 | 1211 |
Jun 10, 2026
$189,500
Initial Listing