2101 E VIRGINIA Avenue, Phoenix, AZ 85006, Phoenix, 85006 - 4 bed, 3 bath
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Phoenix, AZ 85006
This Unfinished New Construction Asset represents a Strong Value Opportunity with a List Price of $400,000—positioned well below the $426,192 Fair Market Value by 6%. This valuation gap offers $26,192 in Instant Equity today, with a $700,000 ARV potential upon completion. Located steps from Phoenix Children's Hospital and served by William T Machan Elementary, this 4-bedroom project allows for total interior customization. Despite the Condition Rating of 5, the active permit and prime location ensure high ROI. This is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2101 E VIRGINIA Avenue Subject | $400,000* List Price | 4 | 3 | 2,074 | $205 | - |
A 2250 E WILLETTA Street Sold | $450,000 | 4 | 3 | 2,200 | $205 | 0.9 mi |
B 2206 E CAMBRIDGE Avenue Sold | $300,000 List Price | 3 | 2 | 1,954 | 0.2 mi | |
C 2206 E CAMBRIDGE Avenue Sold | $429,000 List Price | 3 | 2 | 1,954 | 0.2 mi | |
D 2217 E SHERIDAN Street Active Under Contract | $465,000 List Price | 5 | 4 | 1,935 | $240 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is an unfinished new construction at the pre-drywall stage. While the structure is new (built 2026), it currently lacks a kitchen, finished bathrooms, flooring, and interior walls, making it uninhabitable and requiring substantial work to reach a livable state.
With a list price of $400,000 and estimated completion costs of approximately $175,000, the total investment sits well below the $700,000 market comps, offering substantial instant equity upon completion.
Being at the pre-drywall stage allows the buyer the rare opportunity to select their own interior finishes, flooring, and fixtures to create a truly personalized brand-new home.
Situated just steps from Phoenix Children's Hospital, this property is in a high-demand area for medical professionals, ensuring strong resale value and rental desirability.
The property is currently an active construction site, requiring the buyer to manage contractors and navigate the complexities of finishing a project to meet building codes.
The assigned public schools carry low ratings (3/10), which may limit the property's appeal to families specifically seeking high-performing educational boundaries.
Opportunity Time! This Brand New Construction Home is at Pre Drywall Stage, and ready for New Owner to take over the project and the potential gains! 2074 Sq Ft, 4 Bed, 3 Bath home steps away from Phoenix Children's Hospital. Seller has bid from Contractor to finish project for $150k plus 25k in Landscaping/Fencing. New Comps in the area are selling for 700k. As you can tell, there is room to come in, finish the project to your taste, and still have instant equity. Amazing Opportunity in Amazing Location for buyer who is looking for a deal to have a Brand New Home in Location close to everything. Building Permit good until April 2027
No exterior & parking available.
Grades K-8 • 0.1 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 79% |
| Baths | 3.0 | 2.0 | 82% |
| Square foot | 2,074 | 1,344 | 87% |
| Lot Size | 6,517 | 6,789 | 27% |
| Price | $400.0K | $415.3K | 45% |
| Price per sq ft | $193 | $327 | 32% |
| Built year | 2026 | 1944 | 99% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 1489 | 2% |
Feb 17, 2026
$400,000
Initial Listing