1621 E PALM Lane, Phoenix, AZ 85006, Phoenix, 85006 - 3 bed, 1 bath
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Phoenix, AZ 85006
This property represents a High-Potential Investment Opportunity with a List Price of $335,000—aligned with its $335,000 Fair Market Value. Market data for the Whittier Place subdivision shows renovated 3-bedroom comparables commanding upwards of $415,000, highlighting a significant Value-Add margin. Despite the Poor Condition Rating, the "good bones" and central location near North High School provide a solid foundation for forced appreciation. This Asset is perfectly positioned for Fix-and-Flip Investors or Buy-and-Hold Investors seeking high ROI in a non-HOA district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1621 E PALM Lane Subject | $335,000* List Price | 3 | 1 | 1,190 | $282 | - |
A 1805 N 16TH Street Sold | $375,000 List Price | 3 | 1 | 1,222 | 0.1 mi | |
B 1512 E CYPRESS Street Sold | $415,000 | 3 | 1 | 1,206 | $344 | 0.3 mi |
C 1512 E CYPRESS Street Sold | $415,000 | 3 | 1 | 1,206 | $344 | 0.3 mi |
D 1318 E PALM Lane Sold | $410,000 List Price | 3 | 2 | 1,345 | 0.4 mi | |
E 1501 E ALMERIA Road Sold | $435,000 | 3 | 2 | 1,374 | $317 | 0.3 mi |
F 1805 E OAK Street Sold | $240,000 List Price | 3 | 2 | 1,131 | 0.3 mi | |
G 1441 E DIAMOND Street Active | $418,228 List Price | 3 | 1 | 1,184 | $353 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1948, this property is explicitly marketed as an 'investor special' and 'fixer-upper' requiring extensive renovation. Interior images show significant distress, including peeling ceiling texture/paint in the kitchen and outdated, mismatched appliances. The home features a single bathroom for three bedrooms, representing functional obsolescence by modern standards. While described as 'livable as-is,' the overall condition of the interior finishes, the dilapidated exterior shed, and the need for a complete system overhaul align with the 'poor' classification.
Situated in the heart of Phoenix, this property offers excellent proximity to major freeways, shopping, and dining, making it highly desirable for commuters and urban dwellers.
With 'good bones' and a livable as-is condition, the home provides multiple exit strategies including a fix-and-flip, a long-term rental, or a value-add personal residence.
The absence of a homeowners association eliminates monthly carrying costs and restrictive covenants, maximizing potential cash flow for investors.
As a designated 'fixer-upper,' the property requires significant capital investment for modernization and repairs to meet current market standards.
The 3-bedroom, 1-bathroom configuration is a functional drawback for modern families, likely requiring a costly layout reconfiguration to add a second bathroom.
Investor Special in Central Phoenix! 3 bed, 1 bath fixer-upper with 1,190 sq ft on a 6,225 sq ft lot. Tons of potential—perfect for investors or buyers looking for a renovation project. Located in the heart of the city, this home has good bones and is livable as-is. With some updating, it could be a great flip, rental, or personal residence. Excellent central location—close to shopping, dining, freeways, and more. Don't miss this opportunity!
No exterior & parking available.
Grades K-8 • 0.7 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 1,190 | 1,344 | 33% |
| Lot Size | 6,225 | 6,789 | 13% |
| Price | $335.0K | $415.3K | 37% |
| Price per sq ft | $282 | $327 | 44% |
| Built year | 1948 | 1944 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 253 | 1489 | 31% |
Aug 16, 2025
$335,000
Initial Listing