1616 W BURGESS Lane, Phoenix, AZ 85041, Phoenix, 85041 - 3 bed, 2 bath
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Phoenix, AZ 85041
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $345,000—positioned well above the $333,481 Fair Market Value by 3%. While the property is currently priced slightly above market, its Fair Condition Rating and 2003 build date offer a foundation for value-add improvements. Featuring a Granite Kitchen, Vaulted Ceilings, and a Large Covered Patio with Mountain Views, the home provides immediate lifestyle appeal. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a functional home with modernization potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1616 W BURGESS Lane Subject | $345,000* List Price | 3 | 2 | 1,298 | $268 | - |
A 1116 W MALDONADO Road Sold | $345,000 | 3 | 2 | 1,317 | $262 | 0.6 mi |
B 1832 W LYDIA Lane Sold | $342,000 | 3 | 2 | 1,279 | $267 | 0.3 mi |
C 5811 S 16TH Drive Sold | $378,000 | 3 | 2 | 1,520 | $249 | 0.2 mi |
D 2007 W HIDALGO Avenue Sold | $324,000 | 3 | 2 | 1,002 | $323 | 0.5 mi |
E 1019 W KOWALSKY Lane Sold | $375,000 | 3 | 3 | 1,461 | $257 | 0.5 mi |
F 1627 W CARSON Road Sold | $287,000 | 3 | 1 | 1,314 | $218 | 0.5 mi |
G 1627 W Carson Road Sold | $289,000 List Price | 3 | 1 | 1,314 | 0.5 mi | |
H 2007 W HIDALGO Avenue Sold | $324,000 | 3 | 2 | 1,000 | $324 | 0.5 mi |
I 1520 W NANCY Lane Active | $342,000 List Price | 3 | 2 | 1,298 | $263 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003, the home is 23 years old, placing it in the Fair category. While the kitchen has been refreshed with granite countertops and stainless steel appliances, the overall cabinetry, flooring, and systems are reaching the end of their typical primary lifecycle and reflect a dated aesthetic that will eventually require modernization.
The home features vaulted ceilings and an open floor plan, creating an inviting and airy atmosphere that maximizes the 1,298 square feet of living space.
A large covered patio paired with mountain views provides an excellent space for outdoor relaxation and entertaining, taking full advantage of the Arizona climate.
The property is conveniently located near major freeways, schools, and shopping centers, offering residents easy commutes and quick access to essential local amenities.
At 1,298 square feet for a three-bedroom residence, the interior layout may feel restrictive for buyers or growing families seeking more generous room sizes.
Built in 2003 with no mention of recent renovations, the property may require cosmetic updates to the kitchen and bathrooms to compete with more modern listings.
Welcome to this 3-bedroom, 2-bath home located in South Phoenix. Offering a functional layout, covered patio, and plenty of outdoor space, this home is conveniently situated near Downtown Phoenix, Sky Harbor International Airport, Arizona State University campuses, major freeways, shopping, dining, and employment centers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,298 | - |
| Lot Size | 5,500 | - |
| Price | $345.0K | $495.4K |
| Price per sq ft | $266 | $290 |
| Built year | 2003 | 0 |
| HOA | $99 | $0 |
| Days on market | 63 | 1260 |
May 21, 2026
$345,000
Initial Listing