2032 W STATE Avenue, Phoenix, AZ 85021, Phoenix, 85021 - 3 bed, 2 bath
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Phoenix, AZ 85021
This Value-Add Residential Asset represents a High-Potential Investment Opportunity with a List Price of $295,000, aligning with its $295,000 Fair Market Value. While the property carries a Condition Score of 5 and requires substantial rehabilitation, it features a new HVAC system (2023) and "good bones" on a spacious 7,536-square-foot lot. Its location within walking distance of the highly-rated Washington High School (Rating 7) adds significant exit-strategy appeal. This AS-IS sale is a prime acquisition for Fix-and-Flip Investors or Contractors looking to force appreciation through modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2032 W STATE Avenue Subject | $280,000* List Price | 3 | 2 | 1,401 | $104 | - |
A 1937 W Northview Avenue Sold | $335,000 List Price | 3 | 3 | 1,931 | 0.2 mi | |
B 7608 N 17TH Avenue Sold | $250,000 | 3 | 2 | 1,612 | $155 | 0.5 mi |
C 1825 W MORTEN Avenue Sold | $267,999 List Price | 4 | 2 | 1,582 | 0.3 mi | |
D 1529 W Glenn Drive Sold | $299,500 List Price | 3 | 2 | 1,651 | 0.7 mi | |
E 2207 W CACTUS WREN Drive Active | $280,000 List Price | 3 | 2 | 1,144 | $245 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1959, this property requires substantial rehabilitation and is sold in 'AS-IS' condition. While there is a new HVAC system (2023) and some newer laminate flooring in the hallway, the utility and kitchen areas show significant neglect, heavy grime, and outdated components. The interior surfaces, cabinetry, and fixtures are well beyond their expected lifespan, making the home uncomfortable for immediate occupancy without major repairs and cleaning.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7536, living area = 1401.
A new HVAC system was installed in 2023, providing immediate value and peace of mind regarding one of the home's most significant mechanical components.
Described as having 'good bones,' this property offers a prime opportunity for investors or handy homeowners to build equity through cosmetic renovations.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7536, other record lot size in square feet = 6717.
The property is sold in as-is condition and requires 'TLC,' meaning buyers must budget for immediate repairs and modernization costs.
HUD Program restrictions prevent the seller from offering repairs or concessions, which may limit options for buyers relying on seller-funded closing costs.
Excellent opportunity to purchase a home that has good bones but needs some TLC to realize its full potential. The home is being sold AS-IS. New HVAC installed in 2023. The seller is unable to make repairs or provide concessions due to HUD Program restrictions.
No exterior & parking available.
Grades K-8 • 0.4 mi
Grades 9-12 • 0.5 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 | 1,401 | 2,068 | 16% |
| Lot Size | 7,536 | 10,372 | 23% |
| Price | $280.0K | $373.0K | 37% |
| Price per sq ft | $200 | $269 | 40% |
| Built year | 1959 | 1959 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 86 | 1404 | 4% |
Apr 25, 2026
$280,000
$289,000
-3% Price Drop
Initial Listing
Apr 15, 2026
$289,000
$295,000
-2% Price Drop
Initial Listing
Jan 30, 2026
$295,000
Initial Listing