2021 E TIERRA BUENA Lane 1, Phoenix, AZ 85022, Phoenix, 85022 - 2 bed, 2 bath
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Phoenix, AZ 85022
This 55+ Adult Community Townhouse represents a High-Potential Investment Opportunity, listed at $292,500—positioned above the $263,701 Fair Market Value. While the list price exceeds the current valuation, the property offers a Fair Condition Rating with recent cosmetic updates, including fresh paint and new stainless steel appliances. Featuring a private covered patio and scenic mountain views, this home provides a serene lifestyle for residents. Given the age-restricted environment and proximity to local amenities, this property is an ideal acquisition for Retirees or Downsizing Owner-Occupants seeking a move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2021 E TIERRA BUENA Lane 1 Subject | $292,500* List Price | 2 | 2 | 1,002 | $263 | - |
A 1614 E SANDRA Terrace Sold | $315,000 List Price | 2 | 2 | 910 | 0.6 mi | |
B 1833 E SANDRA Terrace Sold | $325,000 | 2 | 2 | 1,056 | $308 | 0.4 mi |
C 2326 E Evans Drive Sold | $379,900 | 2 | 2 | 1,398 | $272 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1973 and while it features recent cosmetic improvements such as fresh paint, wood-look flooring, and new stainless steel appliances, the kitchen cabinetry and overall aesthetic remain dated (15-30 year old style). Given the 50+ year age of the structure and the lack of evidence regarding full system overhauls (HVAC/Electric), it fits the 'Fair' category as a functional, move-in ready home that requires further modernization.
The interior has been freshly painted and features modern wood-look flooring and brand-new stainless steel appliances, allowing for an immediate and seamless transition for the new owner.
The property boasts desirable mountain views and a private covered patio, providing a serene outdoor space that enhances the overall living experience and aesthetic appeal.
Situated in the Northtown 55+ community, the home offers a quiet, age-restricted environment with excellent proximity to local restaurants, shopping malls, and entertainment hubs.
The monthly HOA fee of $664 is relatively high compared to the listing price, which may impact the overall affordability and appeal for buyers on a fixed income.
Built in 1973, the property may feature older plumbing or electrical systems and a more compact layout compared to modern townhouse developments.
Enjoy owning this lovely 2-bedroom townhome nestled in the ADULT Northtown Community! Freshly painted interior features an inviting living room bathed in natural light, perfect for entertaining guests. Neutral palette creates a warm, welcoming atmosphere, complemented by wood-look flooring, ceiling fans, and window blinds. The eat-in kitchen comes with abundant cabinet space May 2026 stainless steel appliances. You'll surely LOVE the sizable primary bedroom, offering sliding glass doors to back patio, bi-folding closets, and a private bathroom for added convenience. At the end of the day, spend quiet moments under the covered patio while sipping your favorite drink. PLUS! Excellent location, close to restaurants, shopping malls, and entertainment. Hurry! Adult community 55+, no one under18
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades 7-8 • 1.3 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 3.0 | 47% |
| Square foot | 1,002 | 1,344 | 11% |
| Lot Size | 1,562 | 1,527.5 | 50% |
| Price | $292.5K | $332.5K | 33% |
| Price per sq ft | $292 | $234 | 75% |
| Built year | 1973 | 1985 | 3% |
| HOA | $664 | $114 | 97% |
| Days on market | 11 | 638 | 3% |
May 26, 2026
$292,500
Initial Listing