1642 E GLENROSA Avenue, Phoenix, AZ 85016, Phoenix, 85016 - 3 bed, 1 bath
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Phoenix, AZ 85016
This property presents a High-Potential Investment Opportunity with a List Price of $375,000—positioned well below the $382,160 Fair Market Value by 2%. This valuation gap offers $7,160 in Instant Equity for buyers. With a Poor Condition Rating and a 1931 build date, the home requires a full renovation, yet the 9,309 sqft oversized lot provides significant value-add potential. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project in the desirable Montecito neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1642 E GLENROSA Avenue Subject | $375,000* List Price | 3 | 1 | 1,247 | $306 | - |
A 4204 N 19TH Street Active Under Contract | $425,000 List Price | 3 | 2 | 1,448 | $294 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1931 (93 years old) and sold 'As-Is' with no mention of renovations, this property falls into the poor category. The description's call for a 'creative touch' and 'incredible bones' indicates a need for a full rehab of the dated kitchen, single bathroom, and likely outdated mechanical systems (HVAC/Electric).
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9309, living area = 1247.
The oversized 9,309 sqft lot provides significant space for a pool, RV parking, and an outdoor entertainment area, offering rare flexibility in an established urban neighborhood.
Situated in the desirable Montecito neighborhood within the 85016 zip code, the property offers excellent proximity to the Biltmore area, high-end dining, and major Phoenix employment hubs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1247, other record living area = 1130.
The property is sold strictly as-is with no repairs to be made by the seller, which may require substantial upfront capital for modernization and potential structural or system updates.
Featuring three bedrooms but only one bathroom, the current layout may be a drawback for modern families and could impact the property's appraisal value compared to updated 3/2 configurations.
Priced to sell. Wonderful home available AS-IS. Incredible opportunity to own a 3 bedroom 1 bath home with lots of natural light in the Montecito neighborhood. Low maintenance desert landscaping, a fenced front yard, a covered porch, and generous off-street parking. Huge oversized backyard with room for a pool, RVs BBQ and entertainment area. The home has incredible bones and is waiting for a new owner to bring their taste and creative touch. As-Is - No repairs will be made
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades 5-8 • 0.3 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,247 | - |
| Lot Size | 9,309 | - |
| Price | $375.0K | $495.4K |
| Price per sq ft | $301 | $290 |
| Built year | 1931 | 0 |
| HOA | $0 | $0 |
| Days on market | 17 | 1260 |
Jul 6, 2026
$375,000
Initial Listing