2041 E Michigan Avenue 1, Phoenix, AZ 85022, Phoenix, 85022 - 3 bed, 3 bath
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Phoenix, AZ 85022
This Contemporary New Construction is a High-Potential Investment Opportunity, listed at $489,000—positioned above the $464,940 Fair Market Value. While priced slightly above market, the property offers significant value through Builder Incentives and No HOA fees, enhancing long-term cash flow. Featuring 20-foot ceilings, quartz countertops, and mountain views, this Mint Condition asset is optimized for short-term rentals. With its modern design and flexible zoning, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, high-visibility lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2041 E Michigan Avenue 1 Subject | $489,000* List Price | 3 | 3 | 1,600 | $290 | - |
A 17606 N 17TH Place 1110 Sold | $400,000 List Price | 3 | 3 | 1,362 | 0.6 mi | |
B 17606 N 17TH Place 1057 Sold | $400,000 | 3 | 3 | 1,571 | $255 | 0.5 mi |
C 2035 E HEARTWOOD Lane Sold | $420,000 | 4 | 2 | 1,734 | $242 | 0.9 mi |
D 2045 E Michigan Avenue 1 Active | $495,000 List Price | 3 | 3 | 1,600 | $309 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a brand-new 2026 construction in mint condition. It features contemporary finishes including quartz countertops, shaker cabinets, stainless steel appliances, and modern laminate flooring. All systems (HVAC/Electric) are new, requiring zero maintenance.
This 2026 contemporary build features 20-foot ceilings, quartz countertops, and urban steel railings, offering a high-end, move-in-ready aesthetic with mountain views.
The absence of an HOA provides owners with greater freedom and lower monthly carrying costs, while the explicit Airbnb potential makes it an attractive option for investors.
The inclusion of builder-funded interest rate buydowns offers a significant financial advantage, making the property more affordable by lowering the buyer's monthly mortgage payments.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3049, other record lot size in square feet = 6592. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1600, other record living area = 960.
The local public schools are rated between 2 and 4 out of 10, which may be a deterrent for families prioritizing high-performing educational districts.
With a lot size of just over 3,000 square feet, the outdoor space is relatively limited, which may not appeal to buyers seeking expansive yards or significant privacy between neighbors.
New Construction! Contemporary design throughout these New Build Homes! Detached, Single Family Homes 3 Bedrooms, 2.5 Baths with 20 foot ceilings. Private 30 x 40 backyard, 2 Balconies. Laminate wood plank flooring throughout, quartz countertops, shaker cabinets, stainless steel appliances, tiled backsplash, under cabinet lighting. Upstairs Laundry room with cabinets. All Bedrooms upstairs. Urban custom steel railings throughout. AMAZING places to view! Front and Back balconies from 2 of the 3 bedrooms. MOVE IN READY! BUILDER INCENTIVES OF INT. RATE BUYDOWNS! See Walking Tour Video or AI images of backyard concepts to work with builder on. No HOA, Air BNB potential and More! Model can be seen daily.
No exterior & parking available.
Grades 2-6 • 0.3 mi
Grades PK-3 • 0.4 mi
Grades 7-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,600 | - |
| Lot Size | 3,049 | - |
| Price | $489.0K | $495.4K |
| Price per sq ft | $306 | $290 |
| Built year | 2026 | 0 |
| HOA | $0 | $0 |
| Days on market | 62 | 1260 |
May 21, 2026
$489,000
Initial Listing