1617 E TURNEY Avenue, Phoenix, AZ 85016, Phoenix, 85016 - 2 bed, 2 bath
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Phoenix, AZ 85016
This property presents a High-Potential Investment Opportunity with a List Price of $330,000—positioned above the $299,831 Fair Market Value. While the property requires a full rehab due to its Condition Rating of 5, the 6,422 square foot lot in the desirable 85016 zip code offers significant development potential. With no HOA restrictions and proximity to Madison Park School, this asset is a prime candidate for value-add strategies. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a custom rebuild project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1617 E TURNEY Avenue Subject | $330,000* List Price | 2 | 2 | 830 | $361 | - |
A 3717 N 20TH Street Sold | $300,000 List Price | 2 | 1 | 780 | 0.8 mi | |
B 2009 E CLARENDON Avenue Sold | $380,000 | 2 | 1 | 950 | $400 | 0.8 mi |
C 4201 N 18TH Street Sold | $349,000 | 2 | 1 | 951 | $367 | 0.3 mi |
D 4200 N 19TH Street Active Under Contract | $400,000 List Price | 2 | 1 | 980 | $408 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1961 (65 years old) and listed as an 'AS-IS' sale, the property shows significant deferred maintenance. The exterior features weathered wood, cracked concrete, and an aged roof-mounted HVAC system. While the interior has basic tiling, the overall condition and age of the systems and structure indicate a need for a full rehab.
Situated in the highly desirable 85016 zip code near the Biltmore area, this property offers excellent proximity to high-end shopping, dining, and major Phoenix employment corridors.
The absence of a homeowners association provides the owner with maximum flexibility for property use and renovations while eliminating monthly association dues.
The generous 6,422 square foot lot combined with a small existing footprint presents a significant opportunity for expansion or a complete custom rebuild in a high-demand neighborhood.
The property is being sold in as-is condition, which suggests the need for immediate capital investment for repairs, modernizations, or structural updates.
At only 830 square feet for a two-bedroom residence, the interior living space is exceptionally compact, which may limit its appeal to traditional retail buyers.
PROPERTY IS AN AS-IS SALE
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades 5-8 • 0.2 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 13% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 830 | 1,912 | 2% |
| Lot Size | 6,422 | 8,320 | 15% |
| Price | $330.0K | $620.0K | 28% |
| Price per sq ft | $398 | $366 | 55% |
| Built year | 1961 | 1955 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 1432 | 1% |
May 30, 2026
$330,000
Initial Listing