1951 E MARGUERITE Avenue, Phoenix, AZ 85040, Phoenix, 85040 - 3 bed, 2 bath
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Phoenix, AZ 85040
This property presents a High-Potential Investment Opportunity with a List Price of $325,000—positioned well below the $228,254 Fair Market Value by -42%. While the home carries a Condition Rating of 5, the large corner lot and RV gate provide significant utility for value-add renovations. The property offers a functional 3-bedroom layout, though the dated interior requires a full rehab. Given the low school ratings and age of construction, this is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project with long-term potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1951 E MARGUERITE Avenue Subject | $325,000* List Price | 3 | 2 | 1,364 | $167 | - |
A 1632 E WARNER Street Sold | $230,000 | 2 | 1 | 1,191 | $193 | 0.7 mi |
B 1632 E WARNER Street Sold | $230,000 | 2 | 1 | 1,191 | $193 | 0.7 mi |
C 4228 S 19TH Place Active Under Contract | $290,000 List Price | 4 | 2 | 1,232 | $235 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1967 (57 years old) with no evidence of modern renovations. The interior shows significant wear, including heavily stained/soiled carpeting, damaged wall surfaces, and dated features like popcorn ceilings and old fixtures. While the block structure appears solid, the home requires a full interior rehab of the kitchen, bathrooms, and flooring to be considered move-in ready by modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7079, living area = 1364.
The property sits on a spacious corner lot featuring a large backyard and an RV gate, providing excellent utility for outdoor storage and recreational vehicle parking.
Ideally situated with easy access to major highways and featuring mountain views, this home offers a convenient lifestyle for professionals and travelers alike.
The local assigned schools have low performance ratings (2/10 and 3/10), which may be a significant drawback for families prioritizing educational district quality.
Built in 1967, the home may require modernization and updates to its systems or finishes to meet current market standards and energy efficiency expectations.
Beautiful opportunity to own this 3-bedroom, 2-bath home that sits on a generously sized corner lot. Honoring the legacy of this long standing home, this well kept property breathes opportunity and potential! The home features a functional layout inside and outside of the home and includes extra storage, an RV Gate on the side of the home, and a spacious backyard. The home also provides easy access to major highways, making commuting and travel simple and efficient. Whether you are looking for a primary residence or an investment opportunity, this property offers excellent versatility and long-term potential. With its solid upkeep and desirable features, this home is ready for you to make it your own right away.
No exterior & parking available.
Grades K-8 • 0.2 mi
Grades 9-12 • 1.5 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 | 1,364 | 1,416.5 | 46% |
| Lot Size | 7,079 | 5,964 | 79% |
| Price | $325.0K | $309.5K | 52% |
| Price per sq ft | $238 | $220 | 59% |
| Built year | 1967 | 2004 | 24% |
| HOA | $0 | $22 | 50% |
| Days on market | 13 | 1221 | 1% |
May 24, 2026
$325,000
Initial Listing