15601 N 27TH Street 40, Phoenix, AZ 85032, Phoenix, 85032 - 2 bed, 2 bath
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Phoenix, AZ 85032
This Single-Level Value-Add Townhouse represents a strategic acquisition in North Phoenix. Listed at $220,000, the property is priced above its $158,484 Fair Market Value estimate, signaling a competitive entry point for a high-demand "fixer" asset in the 85032 market. Holding a Condition Rating of 5, the 888 sqft interior requires a comprehensive renovation to modernize its original 1983 systems. Featuring a rare private backyard near North Canyon High School and the Paradise Valley Unified District, the property offers substantial potential for forced appreciation. This is an ideal project for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15601 N 27TH Street 40 Subject | $200,000* List Price | 2 | 2 | 888 | $171 | - |
A 2802 E BECK Lane 2 Sold | $232,000 | 2 | 2 | 870 | $267 | 0.1 mi |
B 2827 E WALTANN Lane 3 Sold | $218,000 | 2 | 1 | 780 | $279 | 0.1 mi |
C 16635 N CAVE CREEK Road 232 Sold | $195,000 | 2 | 2 | 1,134 | $172 | 0.8 mi |
D 2437 E TRACY Lane 1 Active | $219,000 List Price | 2 | 2 | 816 | $268 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1983 (40+ years old) and explicitly marketed as a 'great project,' indicating it needs a full rehab. The bathroom features dated gold-framed enclosures and original-style cabinetry, and the overall condition suggests significant updates are required for systems and interiors.
The one-story floor plan offers excellent accessibility and convenience, appealing to a wide range of buyers from first-time owners to those looking to downsize without stairs.
Unlike many standard condominiums, this unit features a private backyard, providing a rare outdoor retreat for pets, gardening, or personal relaxation.
Positioned as a 'great project' at a competitive price point, this property offers significant equity-building potential for investors or DIY buyers through strategic renovations.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1000, other record lot size in square feet = 858.
The property is marketed as a project, indicating that immediate capital investment and labor will be required to modernize the space and address potential deferred maintenance.
With only 888 square feet of living space for a two-bedroom layout, the interior may feel restrictive for those requiring larger rooms or ample storage.
ONE LEVEL 2 BR 2 BATH, FULLY TILE, PRIVATE BACKYARD. GREAT PROJECT !
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 888 | 1,099 | 36% |
| Lot Size | 1,000 | 776 | 56% |
| Price | $200.0K | $245.0K | 29% |
| Price per sq ft | $225 | $225 | 51% |
| Built year | 1983 | 1986 | 29% |
| HOA | $264 | $200 | 82% |
| Days on market | 19 | 1829 | 2% |
May 7, 2026
$200,000
$220,000
-9% Price Drop
Initial Listing
May 1, 2026
$220,000
Initial Listing