16011 S 18TH Lane, Phoenix, AZ 85045, Phoenix, 85045 - 5 bed, 3 bath
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Phoenix, AZ 85045
This property presents a High-Potential Investment Opportunity with a List Price of $599,900—positioned above the $582,634 Fair Market Value. While the price reflects a premium, the seller’s offer of up to 2.5% in concessions provides a strategic financial buffer. Featuring a Fair Condition Rating and requiring TLC, the home offers significant value-add potential through cosmetic modernization. With a 9,344 sqft lot, private pool, and mountain views, this asset is ideal for Fix-and-Flip Investors or Owner-Occupants seeking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16011 S 18TH Lane Subject | $599,900* List Price | 5 | 3 | 2,532 | $230 | - |
A 1363 W MUIRWOOD Drive Sold | $765,000 | 5 | 3 | 2,825 | $271 | 0.5 mi |
B 1363 W Muirwood Drive Sold | $765,000 | 5 | 3 | 2,825 | $271 | 0.5 mi |
C 1363 W Muirwood Drive Sold | $765,000 | 5 | 3 | 2,825 | $271 | 0.5 mi |
D 1363 W MUIRWOOD Drive Sold | $765,000 | 5 | 3 | 2,825 | $271 | 0.5 mi |
E 1622 W Nighthawk Way Sold | $650,000 | 3 | 2 | 2,209 | $294 | 0.4 mi |
F 1622 W Nighthawk Way Sold | $650,000 | 3 | 2 | 2,209 | $294 | 0.4 mi |
G 1310 W AMBERWOOD Drive Pending | $748,000 List Price | 5 | 3 | 3,184 | $235 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, the property is approximately 25-27 years old and retains mostly original finishes, including dated oak cabinetry and basic tile in the bathrooms. The listing description explicitly mentions the home 'needs some TLC' and is being sold 'as-is,' which aligns with the criteria for a dated property requiring minor repairs and modernization.
The property sits on an oversized 9,344 sqft lot featuring mountain views, a private pool, RV gate, and professional hardscaping, offering significant outdoor value.
With 5 bedrooms, 3 bathrooms, and 2,532 sqft of living space, the home provides a versatile floor plan including a formal living area and a 2.5-car garage.
The seller is offering up to 2.5% in concessions toward closing costs or interest rate buy-downs, providing a substantial financial advantage for the buyer.
The property is noted as needing 'TLC,' indicating that the buyer will need to invest additional capital into repairs and cosmetic updates.
The home is being sold in as-is condition, which may limit the buyer's ability to negotiate for repairs discovered during the inspection period.
Priced to sell and packed with potential! Spacious 5BR/3BA home on a huge lot with mountain views, RV gate, pool, covered patio, turf, pavers and plenty of room to entertain. Located in an excellent school district, this home offers a highly functional layout with formal living area, great room with fireplace, open kitchen, laundry room and 2.5-car garage. Great bones, curb appeal and an oversized backyard create an incredible opportunity for a buyer to personalize, improve and build equity. Home needs some TLC, making it ideal for investors, move-up buyers or anyone looking for space and value. Seller willing to consider up to 2.5% in concessions toward buyer closing costs and/or interest rate buy-down with an acceptable offer. Sold as-is. Buyer to verify all material facts. Must See!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 80% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,532 | 2,518 | 52% |
| Lot Size | 9,344 | 7,998 | 64% |
| Price | $599.9K | $560.0K | 55% |
| Price per sq ft | $237 | $250 | 46% |
| Built year | 1999 | 1999 | 50% |
| HOA | $278 | $177 | 77% |
| Days on market | 46 | 1857 | 1% |
Apr 21, 2026
$599,900
Initial Listing
Feb 19, 1999
$218,960
Public Record