17642 N 16TH Avenue, Phoenix, AZ 85023, Phoenix, 85023 - 2 bed, 1 bath
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Phoenix, AZ 85023
This High-Potential Investment Opportunity is listed at a List Price of $333,000—positioned well below the $342,697 Fair Market Value by 2%. This valuation gap offers $9,697 in Instant Equity. Featuring a Good Condition Rating, the home includes a new A/C, roof, and solar panels. The large lot and custom waterfall pool provide significant lifestyle value, while the potential for a 3rd bedroom offers clear upside. This property is ideal for Buy-and-Hold Investors or first-time buyers seeking long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17642 N 16TH Avenue Subject | $333,000* List Price | 2 | 1 | 1,116 | $307 | - |
A 1544 W GROVERS Avenue Sold | $320,000 List Price | 2 | 1 | 1,036 | 0.1 mi | |
B 17801 N 8th Drive Sold | $243,500 | 3 | 2 | 1,010 | $241 | 0.6 mi |
C 809 W VILLA MARIA Drive Sold | $309,000 | 2 | 1 | 1,209 | $256 | 0.6 mi |
D 809 W VILLA MARIA Drive Sold | $309,000 | 2 | 1 | 1,179 | $262 | 0.6 mi |
E 1948 W ANGELA Drive Sold | $363,200 | 3 | 2 | 1,344 | $270 | 0.5 mi |
F 921 W MURIEL Drive Sold | $405,000 | 3 | 2 | 1,342 | $302 | 0.5 mi |
G 17827 N 9TH Avenue Sold | $399,900 List Price | 4 | 2 | 1,424 | 0.5 mi | |
H 921 W MURIEL Drive Sold | $405,000 | 3 | 2 | 1,342 | $302 | 0.5 mi |
I 1513 W HELENA Drive Active Under Contract | $299,900 List Price | 2 | 1 | 1,124 | $267 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the home was built in 1971, it is well-maintained and move-in ready with significant recent capital improvements including a new roof, A/C system, and water heater. The kitchen features newer stainless steel appliances, and the bathroom has been updated with a modern walk-in shower. Although some cabinetry and the popcorn ceilings are dated, the functional systems and overall condition meet the 'Good' criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9674, living area = 1116.
The property features significant high-ticket upgrades including a new A/C system, roof, and water heater, providing peace of mind and reducing immediate maintenance costs for the buyer.
Situated on one of the neighborhood's largest lots, the backyard boasts a custom waterfall pool and a newly installed block wall for enhanced privacy and entertainment value.
With only one existing bathroom, the home may face functional challenges for multi-resident households until a second bathroom is added as suggested.
At 1,116 square feet with only two established bedrooms, the interior footprint may feel restrictive for buyers seeking more generous living areas or immediate third-bedroom utility.
Move-in ready and full of potential! This bright and cheerful 2-bedroom home offers the possibility of a 3rd bedroom, creating flexibility for a growing household, home office, or guest space. The updated bathroom adds modern appeal, and the potential 3rd bedroom offers an opportunity to add a second bathroom for even greater functionality. Beautiful low-maintenance front landscaping provides excellent curb appeal, while the spacious backyard features a stunning custom waterfall pool and plenty of room for your personal vision and finishing touches. A newly installed block wall enhances privacy, making it the perfect setting for entertaining friends and family. Recent upgrades include a new A/C system, roof, water heater, ceiling fans throughout, stainless steel appliances, a cast-iron griddle-top stove, and solar panels that contribute to energy savings. Situated on one of the largest lots in the neighborhood, this home combines comfort, value, and future potential in a desirable package. Don't miss this opportunity to own a move-in-ready home with room to grow and enjoy Arizona living at its best!
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades 7-8 • 2.8 mi
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,116 | - |
| Lot Size | 9,674 | - |
| Price | $333.0K | $495.4K |
| Price per sq ft | $298 | $290 |
| Built year | 1971 | 0 |
| HOA | $0 | $0 |
| Days on market | 29 | 1260 |
Jun 24, 2026
$333,000
Initial Listing
Aug 18, 1997
$63,500
Public Record