1836 W Las Palmaritas Drive, Phoenix, AZ 85021, Phoenix, 85021 - 3 bed, 1 bath
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Phoenix, AZ 85021
This 1934-built residence represents a High-Potential Investment Opportunity with a List Price of $420,000, aligning with its $420,000 Fair Market Value. While currently holding a Condition Rating of 4 due to aged infrastructure, the asset features an expansive 12,057 sq. ft. lot and a versatile 3-bedroom plus bonus room layout. Its strategic location within walking distance of the light rail and the 7-rated Sunnyslope High School ensures strong rental demand. With significant upside through modernization and bathroom expansion, this is a premier Value-Add acquisition for Buy-and-Hold Investors or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1836 W Las Palmaritas Drive Subject | $420,000* List Price | 3 | 1 | 1,324 | $317 | - |
A 7333 N 17TH Avenue Sold | $519,000 | 3 | 2 | 1,306 | $397 | 0.8 mi |
B 2207 W HAYWARD Avenue Sold | $429,000 | 3 | 2 | 1,485 | $289 | 0.7 mi |
C 1712 W Morten Avenue Sold | $299,000 List Price | 3 | 2 | 1,152 | 0.6 mi | |
D 7333 N 17TH Avenue Sold | $519,000 | 3 | 2 | 1,510 | $344 | 0.8 mi |
E 8944 N 17TH Lane Active | $530,000 List Price | 3 | 2 | 1,444 | $367 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1934, the property is aged and requires significant modernization of its core systems, including electrical and plumbing. While the exterior shows some maintenance with newer vinyl windows and a large covered patio, the functional utility is limited by having only one bathroom for a three-plus bedroom layout. The property appears habitable but shows signs of being outdated and is positioned as a rental or investment opportunity rather than a fully renovated home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12057, living area = 1324.
The property is ideally situated within walking distance of the light rail, local dining, and shopping, with quick access to major freeways like I-10 and I-17 for easy commuting.
Boasting a generous 12,057 square foot lot, this property offers significant outdoor space and rare potential for future expansions, landscaping, or ADU additions in an urban setting.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Built in 1934, the home likely requires significant modernization of its core systems, such as plumbing and electrical, to meet contemporary building codes and buyer expectations.
The presence of only one bathroom for a three-plus bedroom home is a significant functional drawback that may limit its appeal to larger families or modern renters.
Charming HOME in the Royal Palm Neighborhood. Great opportunity for rental property 3 bedrooms and + 1. Located within walking distance of restaurants, shopping and light rail. Close to the 1-10 and I-17.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 5-8 • 0.3 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,324 | - |
| Lot Size | 12,057 | - |
| Price | $420.0K | $495.4K |
| Price per sq ft | $317 | $290 |
| Built year | 1934 | 0 |
| HOA | $0 | $0 |
| Days on market | 451 | 1260 |
Apr 28, 2025
$420,000
Initial Listing