
Phoenix, AZ 85023
This North Phoenix Residence presents a High-Potential Investment Opportunity with a List Price of $400,000—positioned well below the $514,424 Fair Market Value by 22%. This significant valuation gap offers $114,424 in Instant Equity for buyers prepared to address deferred maintenance. While the property holds a Condition Rating of 4 and requires cosmetic modernization, the 2,300 sqft layout, private diving pool, and R/V gate on an oversized lot provide a robust foundation for forced appreciation. This high-reward acquisition is ideal for Fix-and-Flip Investors or Value-Add Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15851 N 25TH Avenue Subject | $400,000* List Price | 4 | 3 | 2,300 | $224 | - |
A 2415 W TIERRA BUENA Lane Sold | $410,000 | 4 | 2 | 1,845 | $222 | 0.1 mi |
B 2339 W ACOMA Drive Sold | $430,000 | 4 | 2 | 2,054 | $209 | 0.9 mi |
C 2509 W Village Drive Sold | $395,000 | 3 | 2 | 1,868 | $211 | 0.9 mi |
D 2509 W VILLAGE Drive Sold | $395,000 | 3 | 2 | 1,868 | $211 | 0.9 mi |
E 2221 W CAROL ANN Way Sold | $443,498 List Price | 5 | 3 | 2,964 | 0.4 mi | |
F 2509 W VILLAGE Drive Sold | $395,000 | 3 | 2 | 1,868 | $211 | 0.9 mi |
G 2420 W MANDALAY Lane Active | $488,000 List Price | 4 | 3 | 2,327 | $210 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, the property is functional but dated, showing signs of deferred maintenance in the exterior landscaping and garage. The kitchen features older oak cabinetry and mismatched appliances, though it has received minor past updates like recessed lighting and stone countertops. The significant price gap compared to neighborhood comps indicates the home requires cosmetic modernization and likely system updates to meet current market standards.
Priced at $400,000, this property sits significantly below a recent neighborhood comparable of $555,000, offering immediate equity potential for an owner-occupant or investor.
The absence of a Homeowners Association combined with an oversized lot and R/V gate provides rare freedom and space for storing trailers, boats, and recreational vehicles.
With over 2,300 square feet, 4 bedrooms, and 3 bathrooms, the home offers a generous footprint and multiple living areas that are difficult to find at this price point.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2300, other record living area = 1909.
Given the 1977 build date and the aggressive pricing relative to comps, the property likely requires significant cosmetic updates or system repairs to reach its full market value.
The home's location near the I-17 freeway and Greenway Road corridor may result in higher levels of ambient traffic noise, which could affect the tranquility of the backyard and pool area.
Incredible opportunity in North Phoenix near Greenway Rd & I-17! This HUGE 2,300+ sq ft home features 4 bedrooms, 3 bathrooms, a 2-car garage, and sits on an oversized lot with NO HOA! Enjoy Arizona living with a private DIVING POOL, R/V gate, and additional storage shed--perfect for toys, trailers, or extra space. Functional layout with plenty of room to spread out. Priced at ONLY $400,000--well below a recent neighborhood comp at $555,000! Unbeatable value in a prime location near shopping, dining, and freeway access. Don't sleep on this one! UNBELIEVABLE VALUE in North Phoenix near Greenway Rd & I-17! This HUGE 2,300+ sq ft home offers 4 bedrooms, 3 bathrooms, and a 2-car garage, all situated on an oversized lot with NO HOA--giving you the freedom and space you've been looking for. Step outside and enjoy your own private Arizona retreat featuring a DIVING POOL, R/V gate for parking your toys or trailers, and a storage shed for added convenience. The spacious floor plan provides multiple living areas and flexibility for families, entertaining, or working from home. Located in a highly desirable North Phoenix neighborhood just minutes from the I-17 freeway, you'll have quick access to everyday conveniences and top destinations like Arrowhead Towne Center, Castles N' Coasters, and endless dining and shopping options along Greenway Rd. Priced at ONLY $400,000--with a recent neighborhood comp at $555,000--this is one of the best deals currently available in Phoenix! Opportunities like this don't come around often!
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 7-8 • 1.8 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 2,300 | 1,844 | 75% |
| Lot Size | 8,242 | 7,820 | 62% |
| Price | $400.0K | $358.5K | 57% |
| Price per sq ft | $174 | $219 | 43% |
| Built year | 1977 | 1982 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 1824 | 0% |
Mar 28, 2026
$400,000
Initial Listing