2016 N 78TH Avenue, Phoenix, AZ 85035, Phoenix, 85035 - 3 bed, 4 bath
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Phoenix, AZ 85035
This Neo-Mediterranean Foreclosure represents a Strong Value Opportunity with a List Price of $241,680—positioned well below the $259,151 Fair Market Value by 6%. This valuation gap provides $17,471 in Instant Equity for a cash-ready buyer. Despite the Good Condition Rating and modern 2008 construction, the "cash-only" requirement and lack of inspection contingencies necessitate a risk-tolerant approach. Located near Manuel Pena Jr. School, this high-utility asset offers an expedited closing timeline. It is an ideal acquisition for Buy-and-Hold Investors or Cash Buyers seeking immediate equity in the Vinsanto community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2016 N 78TH Avenue Subject | $209,880* List Price | 3 | 4 | 1,503 | $137 | - |
A 7742 W TERRI LEE Drive Sold | $160,000 List Price | 3 | 4 | 1,476 | 0.2 mi | |
B 7742 W TERRI LEE Drive Sold | $215,000 List Price | 3 | 4 | 1,503 | 0.2 mi | |
C 2032 N 77TH Lane Sold | $228,001 | 3 | 4 | 1,383 | $165 | 0.1 mi |
D 2032 N 77TH Lane Sold | $228,001 | 3 | 4 | 1,383 | $165 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008, the property falls within the 10-20 year age bracket defined for a 'Good' condition rating. The exterior images show a well-maintained Neo-Mediterranean style home with intact masonry and stucco. While the lack of interior photos and the 'cash-only' foreclosure status suggest potential risks, the relatively modern construction year indicates that major systems, kitchen cabinetry, and bathroom fixtures are likely functional and meet contemporary standards without the level of depreciation found in 'Fair' or 'Poor' properties.
Built in 2008, this Neo-Mediterranean home features a desirable 3-bedroom, 3.5-bathroom configuration, providing a contemporary living space where each bedroom offers high utility and privacy.
The foreclosure deed has already been recorded, facilitating a significantly shorter closing process for buyers looking to finalize their acquisition quickly.
Priced competitively at $241,680 with no buyer premium, this property offers a high potential for equity growth in the popular Vinsanto neighborhood.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1742, living area = 1503.
The requirement for a cash-only purchase with no financing or inspection contingencies significantly limits the buyer pool and requires immediate capital liquidity.
Strict 'no trespassing' warnings and the lack of inspection contingencies mean the buyer must assume all risks regarding the property's interior condition and potential repair costs.
This Neo-Mediteranean style home offers 3 bedrooms and 3.5 bathrooms in the highly sought after Vinsanto neighborhood. There are no inspection or financing contingencies on this cash only purchase. No Buyer Premium on this property. It is a criminal offense to trespass on this property. The foreclosure deed has been recorded, allowing for shorter closing timelines. The data presented in this listing is deemed reliable but not guaranteed. This information should be used for informational use only and does not constitute a legal document for the description of this property. Buyer or Buyer's Agent to verify all facts, figures, schools, dimensions, Sq Ft, permits, HOA fees etc. that is of material importance to Buyer.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 93% |
| Square foot | 1,503 | 1,525.5 | 49% |
| Lot Size | 1,742 | 6,298.5 | 8% |
| Price | $209.9K | $313.3K | 26% |
| Price per sq ft | $140 | $190 | 27% |
| Built year | 2008 | 1975 | 74% |
| HOA | $158 | $0 | 91% |
| Days on market | 34 | 1060 | 1% |
Apr 11, 2026
$209,880
$241,680
-13% Price Drop
Initial Listing
Mar 23, 2026
$241,680
Initial Listing