2037 W PIERSON Street, Phoenix, AZ 85015, Phoenix, 85015 - 3 bed, 3 bath
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Phoenix, AZ 85015
This townhouse presents a High-Potential Investment Opportunity with a List Price of $250,000—positioned well below the $295,485 Fair Market Value by 15%. This valuation gap offers $45,485 in Instant Equity for buyers. Featuring a 1,704 sqft floor plan and a private patio, the home maintains a Fair Condition Rating that invites cosmetic modernization. While local schools are lower-rated, the proximity to GCU and major transit corridors ensures strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2037 W PIERSON Street Subject | $250,000* List Price | 3 | 3 | 1,704 | $173 | - |
A 2030 W HIGHLAND Avenue Sold | $239,000 | 3 | 2 | 1,260 | $190 | 0.1 mi |
B 1633 W HAZELWOOD Street Sold | $275,000 List Price | 3 | 3 | 1,584 | 0.6 mi | |
C 1552 W CAMPBELL Avenue Sold | $200,000 List Price | 4 | 3 | 1,584 | 0.7 mi | |
D 4776 N 20TH Avenue Sold | $232,500 | 2 | 2 | 1,260 | $185 | 0.1 mi |
E 4614 N 19 Avenue Active | $260,000 List Price | 3 | 3 | 1,608 | $162 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1970 (54 years old) and the listing lacks mention of any recent interior renovations to the kitchen, bathrooms, or major systems. The description's emphasis on 'incredible potential' and 'imagine the possibilities' strongly suggests the interior is dated and requires cosmetic updates and minor repairs to be modernized, though it remains functional and livable.
At 1,704 square feet for $250,000, this property offers a highly competitive price-per-square-foot for a 3-bedroom home in the North Central Phoenix area.
The gated community provides a low-maintenance lifestyle with an HOA that covers exterior maintenance, roof repair, and access to a pool, clubhouse, and playground.
The property is ideally situated near Grand Canyon University, major highways (I-17 and SR-51), and light rail access, making it perfect for commuters or as a rental investment.
Built in 1970 and marketed for its 'potential,' the home likely requires significant cosmetic updates and modernization to meet current market standards.
The assigned public schools have low ratings (1/10 and 3/10), which may deter families and impact the property's long-term appreciation potential.
Welcome to 2037 W Pierson Street in the Community of Park Mediterrane. This home is a spacious and inviting 3-bedroom townhouse nestled within a recently updated gated community in the heart of North Central Phoenix! Offering comfort, convenience, and incredible potential, this property is the perfect opportunity for a first-time home buyer looking for an affordable place to truly make their own. Step inside and imagine the possibilities with a functional and roomy floor plan designed for everyday living. The generous living spaces provide plenty of room to relax, entertain, or create the perfect work-from-home setup. The kitchen and dining areas flow nicely together, creating a warm and welcoming atmosphere for gathering with family and friends. Enjoy Arizona's beautiful ...MORE weather from your own cozy private patio -- the perfect spot for morning coffee, evening relaxation, or adding your personal touch with plants and outdoor décor. The covered carport offers convenient parking and includes a large storage area, giving you the extra space everyone needs. Located in a gated community with wonderful amenities, residents can enjoy the pool area, clubhouse/recreation room, children's playground, and spacious common areas. The HOA provides added peace of mind by covering exterior maintenance, roof repair, garbage collection, exterior pest control, and front yard maintenance -- making for easier, low-maintenance living. Conveniently situated near the I-17, SR-51, Grand Canyon University GCU, shopping, dining, entertainment, public transportation, and light rail access, this location makes commuting around the Valley simple and convenient. If you're looking for a home with fantastic long-term potential, this townhouse is full of opportunity and ready for its next chapter!
No exterior & parking available.
Grades K-3 • 0.3 mi
Grades 4-8 • 0.6 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,704 | - |
| Lot Size | 2,065 | - |
| Price | $250.0K | $341.8K |
| Price per sq ft | $147 | $259 |
| Built year | 1970 | 0 |
| HOA | $265 | $0 |
| Days on market | 66 | 1211 |
May 18, 2026
$250,000
Initial Listing