1601 W LAMAR Road, Phoenix, AZ 85015, Phoenix, 85015 - 4 bed, 3 bath
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Phoenix, AZ 85015
This Modernized Ranch with Detached Casita is a High-Potential Investment Opportunity, listed at $650,000—positioned well below the $841,383 Fair Market Value by 22%. This valuation gap provides $191,383 in Instant Equity. Boasting a Good Condition Rating, the property features a 392 sqft detached studio casita and comprehensive system upgrades including a newer roof, HVAC, and plumbing. Located in Uptown Phoenix near 7/10 rated Washington High School, it balances lifestyle with rental income potential. 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 |
|---|---|---|---|---|---|---|
★ 1601 W LAMAR Road Subject | $650,000* List Price | 4 | 3 | 2,392 | $352 | - |
A 6818 N 16TH Drive Sold | $799,000 List Price | 4 | 3 | 2,300 | 0.1 mi | |
B 1517 W OCOTILLO Road Sold | $569,000 List Price | 4 | 2 | 1,885 | 0.1 mi | |
C 6221 N 20TH Lane Sold | $510,000 | 3 | 2 | 1,919 | $266 | 0.8 mi |
D 6146 N 18TH Avenue Sold | $550,000 | 3 | 2 | 1,964 | $280 | 0.7 mi |
E 6146 N 18TH Avenue Sold | $550,000 | 3 | 2 | 1,964 | $280 | 0.7 mi |
F 1523 W FLYNN Lane Active | $725,000 List Price | 4 | 3 | 2,272 | $319 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone extensive mechanical and structural renovations within the last 10 years, including the roof, HVAC, electrical panel, and plumbing. The interior features updated wood-look tile flooring, neutral paint, and modern dual-pane windows. While the home was originally built in 1963, the well-maintained systems, updated landscaping, and the addition of a functional detached casita meet the criteria for a 'Good' condition rating.
The property features a 392 sqft detached studio with a separate entrance, offering excellent potential for rental income, a home office, or a private guest suite.
Major high-cost components including the roof, HVAC, sewer line, electrical panel, and plumbing have been updated within the last 10 years, minimizing immediate maintenance concerns.
Situated in the desirable Uptown Phoenix area with no HOA restrictions, providing owners with lifestyle flexibility and close proximity to downtown amenities and hiking trails.
The assigned elementary school has a low rating of 3, which may be a significant consideration for families prioritizing high-performing public school districts.
The mention of a 'big price adjustment' suggests the property may have faced challenges with its initial valuation or market time, potentially impacting buyer perception.
BIG PRICE ADJUSTMENT!!! Looking for a home with a detached CASITA?? Here she is...beautiful home at 2000 sq ft along with a 392 sq ft detached studio casita with separate entrance. Perfect for additional rental income or guest casita. Uptown Phoenix location, very close to downtown, restaurants, bars, hiking trails, hospitals, public transportation and so much more. All the major components of the home have been renovated in last 10 years... sewer line, roof, HVAC(new), electrical panel, interior wiring/outlets switches, copper plumbing, vinyl dual pane windows. Front landscaping complete redone 2 years ago. Adorable backyard with extra long covered patio and pergola. Lots of storage in this charming home, backyard storage shed along with lots of cabinets in the garage. NO HOA
No exterior & parking available.
Grades PK-8 • 0.6 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 74% |
| Baths | 3.0 | 2.0 | 87% |
| Square foot | 2,392 | 1,474.5 | 94% |
| Lot Size | 8,869 | 7,693 | 76% |
| Price | $650.0K | $370.0K | 94% |
| Price per sq ft | $272 | $264 | 55% |
| Built year | 1963 | 1951 | 90% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 994 | 1% |
Feb 24, 2026
$650,000
Initial Listing