
Phoenix, AZ 85015
This Value-Add Residential Asset in Central Phoenix is offered at a List Price of $285,000, compared to a $244,692 Fair Market Value. Featuring a Condition Rating of 5, the property is sold as-is and requires a comprehensive rehabilitation to modernize its 1950s structure. The primary value lies in the 8,555 Sq Ft Lot and prime location near the Melrose District, Maie Bartlett Heard School, and Central High School. With no HOA restrictions, it offers a blank canvas for forced appreciation. This is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1921 W WHITTON Avenue Subject | $285,000* List Price | 2 | 1 | 1,076 | $227 | - |
A 1712 W WELDON Avenue Sold | $275,000 | 2 | 1 | 1,000 | $275 | 0.3 mi |
B 2317 W WELDON Avenue Sold | $279,000 | 3 | 1 | 1,041 | $268 | 0.5 mi |
C 2134 W AVALON Drive Sold | $306,500 | 3 | 2 | 1,320 | $232 | 0.5 mi |
D 2130 W WELDON Avenue Sold | $272,500 | 3 | 2 | 1,330 | $205 | 0.3 mi |
E 2327 W FLOWER Street Sold | $325,000 | 2 | 2 | 1,170 | $278 | 0.5 mi |
F 2327 W AVALON Drive Sold | $283,000 | 3 | 2 | 1,160 | $244 | 0.6 mi |
G 1829 W CAMPBELL Avenue Active | $299,900 List Price | 2 | 1 | 1,200 | $250 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950 and sold as-is, the property requires a full rehabilitation. Interior images show stripped flooring, dated window AC units, and general neglect, indicating the home is in need of major structural and cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8555, living area = 1076.
Situated near Downtown Phoenix and the Melrose District, this property offers excellent access to dining, shopping, and major freeways in a high-demand, historically rich area.
As a classic 1950s home with no HOA, it presents a blank canvas for investors or flippers to add substantial value through restoration in an established neighborhood.
The property is being sold in as-is condition, indicating it likely requires significant capital investment for repairs, modernization, and deferred maintenance.
With only two bedrooms and one bathroom, the current footprint may be restrictive for modern buyer expectations and could limit the potential resale pool without an addition.
Opportunity awaits in the heart of Central Phoenix! Located in a historically rich neighborhood, this 1950 single-story home. Sold AS-IS, this South facing property is ideal for investors, flippers, or buyers looking to renovate and restore a classic home. Conveniently located near Downtown Phoenix, the Melrose District, and major freeways, with easy access to dining, shopping, and entertainment. Don't miss this chance to transform a property in one of Phoenix's most established areas!
No exterior & parking available.
Grades PK-8 • 0.8 mi
Grades K-8 • 2.4 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 21% |
| Baths | 1.0 | 2.0 | 26% |
| Square foot | 1,076 | 1,472 | 16% |
| Lot Size | 8,555 | 7,693 | 73% |
| Price | $285.0K | $369.5K | 36% |
| Price per sq ft | $265 | $264 | 50% |
| Built year | 1950 | 1951 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 994 | 1% |
Apr 16, 2026
$285,000
Initial Listing
Oct 19, 1992
$45,200
Public Record