2052 N 51ST Drive, Phoenix, AZ 85035, Phoenix, 85035 - 3 bed, 2 bath
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Phoenix, AZ 85035
This Value-Add Residential Asset presents a Prime Investment Opportunity with a List Price of $249,000—positioned well below the $254,577 Fair Market Value by 2%. This valuation gap provides $5,577 in Instant Equity, with substantial additional upside through the completion of an unfinished renovation. Currently holding a Condition Rating of 5, the property requires significant interior rehabilitation, including kitchen cabinetry and countertops. Featuring a large lot with a covered patio and no HOA fees near Maryvale High School, this project offers high forced-appreciation potential. It is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2052 N 51ST Drive Subject | $249,000* List Price | 3 | 2 | 1,442 | $177 | - |
A 5442 W Edgemont Avenue Sold | $248,500 | 4 | 2 | 1,303 | $191 | 0.7 mi |
B 5150 W HUBBELL Street Sold | $320,000 List Price | 4 | 2 | 1,769 | 0.1 mi | |
C 5201 W Cypress Street Sold | $285,000 List Price | 4 | 2 | 1,912 | 0.1 mi | |
D 1632 N 55TH Drive Sold | $275,000 | 4 | 2 | 1,496 | $184 | 0.6 mi |
E 4823 W PALM Lane Active | $310,000 List Price | 4 | 2 | 1,452 | $213 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is an unfinished renovation project that is currently not move-in ready. The kitchen is in a state of significant disrepair with missing cabinet faces, missing countertops, and exposed plumbing. Built in 1972, the home requires substantial rehabilitation and investment to complete the interior finishes and address the deferred maintenance visible throughout the living spaces.
Priced well below comparable sales, this property offers a rare opportunity for investors or sweat-equity buyers to build substantial value through renovation.
The large lot features an extended driveway, a covered patio, and a detached storage structure, providing excellent flexibility for parking and additional utility space.
With zero association fees, owners enjoy lower monthly carrying costs and greater freedom regarding property use and modifications compared to neighboring communities.
The home is currently an unfinished project with missing cabinetry and countertops, requiring a significant immediate investment of capital to make it habitable.
As a short sale subject to lender approval, the transaction may involve a prolonged and uncertain closing timeline, which can be a deterrent for time-sensitive buyers.
Rare opportunity to purchase well below comparable sales and build equity. 3 bed, 2 bath home with 1,442 sqft featuring a functional layout, multiple living areas, and strong potential. Interior reflects a project in progress with missing cabinet faces, missing countertops, and areas ready for finishing. Large lot with backyard, covered patio, and detached storage structure adds flexibility. Extended driveway provides ample parking. Ideal for investors or buyers looking to customize and add value. Short sale submitted to lender for approval. Strong upside compared to nearby sales.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.3 mi
Grades K-5 • 1.9 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 | 1,442 | 1,525.5 | 37% |
| Lot Size | 6,569 | 6,303 | 62% |
| Price | $249.0K | $313.3K | 32% |
| Price per sq ft | $173 | $190 | 38% |
| Built year | 1972 | 1975 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 1059 | 1% |
Apr 10, 2026
$249,000
Initial Listing