1647 W VILLA RITA Drive, Phoenix, AZ 85023, Phoenix, 85023 - 4 bed, 3 bath
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Phoenix, AZ 85023
This Extensively Renovated Single-Level Residence is a Prime Investment Opportunity, listed at $519,800—positioned well below the $947,628 Fair Market Value by 45%. This exceptional valuation gap delivers $427,828 in Instant Equity for the incoming buyer. Holding a Condition Rating of 2, the home features a Quartz Kitchen, Stainless Steel Appliances, and an expansive Arizona Room. The corner lot includes an RV gate and No HOA, offering rare utility and financial freedom. This turnkey asset is perfectly suited for Owner-Occupants seeking immediate wealth or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1647 W VILLA RITA Drive Subject | $509,800* List Price | 4 | 3 | 2,463 | $208 | - |
A 1427 W ANDERSON Drive Sold | $480,000 | 4 | 3 | 2,483 | $193 | 0.6 mi |
B 17403 N 14TH Avenue Sold | $440,000 | 5 | 3 | 2,233 | $197 | 0.5 mi |
C 18045 N 20TH Lane N Sold | $463,000 | 4 | 2 | 2,176 | $213 | 0.5 mi |
D 2136 W Village Drive Sold | $448,000 List Price | 4 | 3 | 2,757 | 0.7 mi | |
E 1417 W WAGONER Road Sold | $475,000 | 4 | 3 | 1,997 | $238 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1972, the property has undergone an extensive recent renovation that meets modern quality standards. The interior features a contemporary open floor plan with new wood-look flooring, recessed lighting, and a fully remodeled kitchen equipped with white shaker cabinets, quartz countertops, and stainless steel appliances. The addition of mini-split cooling systems and updated bathroom finishes indicates a comprehensive overhaul of major components within the last five years.
The home features extensive contemporary updates including wood-look flooring, fresh paint, and a remodeled kitchen with quartz countertops and stainless steel appliances, making it move-in ready.
Situated on a desirable corner lot, the property includes an RV gate and ample parking space, providing significant utility for owners with recreational vehicles or multiple cars.
With no homeowner association fees, residents enjoy greater financial flexibility and freedom from the restrictive covenants often found in newer Phoenix subdivisions.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2463, other record living area = 2122. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Originally built in 1972, the property may have underlying infrastructure components like plumbing or electrical systems that are nearing the end of their functional lifespan despite the cosmetic upgrades.
The inclusion of an Arizona room and the home's 1970s vintage may result in higher utility costs during peak summer months compared to modern energy-efficient builds.
Your dream home awaits! This beautifully updated single-level gem is move-in ready and perfectly situated on a desirable corner lot, featuring an RV gate and ample parking space. Once inside, you'll immediately notice the large open floor plan that welcomes you with wood-look flooring, tons of natural light, recessed lighting, and fresh paint throughout. Well-appointed kitchen boasts SS appliances, crisp white cabinets, quartz counters, and a breakfast bar. You'll LOVE the serene main retreat, offering exposed ceiling beams, a walk-in closet, and a private ensuite with a floor-to-ceiling tiled shower. The Arizona room adds valuable living space and is ideal for entertaining, relaxing, or creating a versatile bonus area. Spacious backyard has a storage shed for convenience. Don't miss out!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 2,463 | 1,844 | 82% |
| Lot Size | 8,925 | 7,820 | 68% |
| Price | $509.8K | $358.5K | 79% |
| Price per sq ft | $207 | $219 | 46% |
| Built year | 1972 | 1982 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 1824 | 0% |
Apr 19, 2026
$509,800
$519,800
-2% Price Drop
Initial Listing
Mar 20, 2026
$519,800
Initial Listing