17642 N 17th Lane, Phoenix, AZ 85023, Phoenix, 85023 - 3 bed, 2 bath
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Phoenix, AZ 85023
This Modern Value-Add Residence is a Prime Investment Opportunity, listed at $400,000—positioned well below the $409,311 Fair Market Value by 2%. This valuation gap provides $9,311 in Instant Equity for buyers willing to execute minor cosmetic updates like paint and flooring. Built in 2015, the property maintains a Good Condition Rating and is situated within the secure Constitution Ridge Gated Community. Featuring a Private Patio and proximity to Constitution Elementary, it offers structural modernism with significant upside. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17642 N 17th Lane Subject | $400,000* List Price | 3 | 2 | 1,353 | $303 | - |
A 1017 W ANDERSON Drive Sold | $365,000 | 3 | 2 | 1,339 | $273 | 0.6 mi |
B 1017 W ANDERSON Drive Sold | $365,000 | 3 | 2 | 1,339 | $273 | 0.6 mi |
C 921 W MURIEL Drive Sold | $405,000 | 3 | 2 | 1,342 | $302 | 0.7 mi |
D 921 W MURIEL Drive Sold | $405,000 | 3 | 2 | 1,342 | $302 | 0.7 mi |
E 921 W MURIEL Drive Sold | $405,000 | 3 | 2 | 1,342 | $302 | 0.7 mi |
F 1406 W VILLA RITA Drive Sold | $375,000 | 3 | 2 | 1,539 | $244 | 0.4 mi |
G 17617 N 17TH Lane Active | $410,000 List Price | 3 | 2 | 1,353 | $303 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2015, this property is relatively modern and falls within the 10-20 year age bracket for a 'good' rating. While the listing description notes that it requires new flooring and paint, the photos show a functional kitchen with granite countertops and well-maintained cabinetry. The bathrooms feature double vanities and standard fixtures that are consistent with the home's age. The property appears structurally sound with major systems still within their expected lifespan, requiring only minor cosmetic updates to be fully move-in ready.
Built in 2015, this home offers modern structural integrity and energy efficiency, providing 'good bones' and reducing the likelihood of major system repairs common in older area properties.
Located within the Constitution Ridge gated community, the property offers enhanced security, privacy, and a well-maintained neighborhood environment.
Priced as a bargain, this property presents a significant equity-building opportunity for buyers or investors willing to perform cosmetic updates like paint and flooring.
The interior requires immediate investment in new flooring and paint, which may deter buyers looking for a turnkey, move-in-ready home.
The $205 monthly association fee adds a permanent carrying cost that may impact the overall affordability for budget-conscious buyers.
barhain Bargain BARGAIN! Newer Good Bones and GREAT DEAL! Just needs Paint and Flooring and other NESTING ITEMS to make it your OWN! BUILT in 2015 and GATED Community! EASY LANDSCAPING and BUYER can take POSSESSION ANYTIME after COE! SHOW ANYTIME! USE ALIGNED!
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades 7-8 • 2.7 mi
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,353 | 1,843 | 15% |
| Lot Size | 6,054 | 7,820 | 29% |
| Price | $400.0K | $358.5K | 57% |
| Price per sq ft | $296 | $220 | 83% |
| Built year | 2015 | 1982 | 95% |
| HOA | $205 | $0 | 85% |
| Days on market | 58 | 1824 | 0% |
Feb 27, 2026
$400,000
Initial Listing