1845 W CHIPMAN Road, Phoenix, AZ 85041, Phoenix, 85041 - 2 bed, 1 bath
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1845 W CHIPMAN Road
Phoenix, AZ 85041
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,130Sq Ft
11,173Lot Size
Property Price
LIST PRICE$249,900
EST. MARKET VALUE
$253,880
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $274,900—positioned well below the $299,028 Fair Market Value by 8%. This valuation gap offers $24,128 in Instant Equity for buyers capable of managing a full-scale renovation. Featuring a Fair Condition Rating and a generous 11,173 sqft lot, the home offers significant potential for structural reconfiguration and value-add improvements. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project with clear upside.
Estimated Market Value
$253,880
Based on Realkey algorithm analyzing recent comparable sales in Phoenix.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1952, this property is over 70 years old and requires a full rehab. The listing notes it is missing a bedroom and bathroom from its original configuration, and images show significant ceiling distress and dated interiors. Explicitly marketed to investors and flippers, it needs more than just cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11173, living area = 1130.
- Expansive Lot Size
The property features a generous 11,173 sqft lot, offering significant space for outdoor improvements, potential expansions, or the addition of an accessory dwelling unit.
- Updated HVAC System
A newer A/C unit has already been installed, providing a high-value mechanical upgrade that ensures immediate comfort and reduces initial capital expenditures for the buyer.
CONSRISKS & DEFICIENCIES
- Reduced Functional Layout
The home is currently configured as a 2-bedroom, 1-bathroom unit despite its original 3/2 footprint, requiring structural or interior reconfiguration to reach its full utility.
- Extensive Renovation Required
Built in 1952 and marketed for flippers, the property likely requires comprehensive updates to its aging systems and finishes to meet modern market standards.
About 1845 W CHIPMAN Road
Opportunity awaits! This property offers incredible potential for investors, flippers, or buyers looking to create their dream home. Originally a 3-bedroom, 2-bathroom home, it is currently configured with 2 functional bedrooms and 1 functional bathroom. A previous remodel included the installation of a newer A/C unit, providing a solid starting point for the next owner. With the right vision and improvements, this home can shine once again. Conveniently located and priced with its current condition in mind, this is a chance to add value and build equity.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 11,173 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Phoenix Unified Schools
C J Jorgensen School
Grades PK-8 • 0.3 mi
0/10
John R Davis School
Grades PK-8 • 0.9 mi
4/10
Cesar Chavez High School
Grades 9-12 • 3.3 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,130 | 1,850.5 |
| Lot Size | 11,173 | 7,313 |
| Price | $249.9K | $481.7K |
| Price per sq ft | $221 | $289 |
| Built year | 1952 | 1987 |
| HOA | $0 | $175 |
| Days on market | 26 | 757 |
Pricing History
Listed for Sale
Aug 21, 2026
$249,900
$274,900
-9% Price Drop
Initial Listing
Price Change
Jul 31, 2026
$274,900
Initial Listing