
Phoenix, AZ 85023
This Value-Add Short Sale is a strategic Asset located in a high-demand North Phoenix corridor. With a List Price of $225,000, the property sits above its $199,732 Fair Market Value, necessitating a high-ROI renovation to capitalize on the area's industrial growth. The home holds a Condition Rating of 5, featuring a 3-bedroom layout, No HOA, and a patio. Positioned near the TSMC Chip Plant and I-17 freeway, it offers significant rental upside once mechanical systems are restored. This acquisition is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2119 W Danbury Road Subject | $225,000* List Price | 3 | 1 | 938 | $213 | - |
A 1527 W GROVERS Avenue Sold | $220,000 | 3 | 1 | 1,130 | $195 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1972 (54 years old) with no significant renovations mentioned. The property is a short sale with inactive utilities that will not be turned on, indicating likely issues with HVAC and electrical systems. Visuals show boarded-up windows and dated interiors, suggesting the home needs a full rehab to be functional.
The property is ideally positioned near the I-17 and Loop 101 freeways and the TSMC Chip Plant, offering high appeal for commuters and strong rental potential.
With no Homeowners Association, buyers benefit from lower monthly carrying costs and increased freedom regarding property use and modifications.
The inclusion of a large attached storage room and durable tile flooring throughout maximizes the utility of the 938 sq. ft. living space.
The short sale status and prohibition of wholesale or assignment verbiage may lead to a prolonged closing timeline and limited financing flexibility.
Utilities are currently inactive and will not be restored for inspections, posing a significant risk for buyers to fully assess the home's mechanical systems.
Great opportunity for buyers looking for a 3-bedroom, 1-bath home with no HOA in a convenient North Phoenix location! This 938 sq. ft. home features tile flooring throughout, a north/south exposure lot, and a 1-car carport. The property also includes a large attached storage room at the back of the home, providing additional space for tools, equipment, or extra storage needs. Conveniently located near the I-17 and Loop 101 freeways, with easy access to shopping, dining, entertainment, and the TSMC Chip Plant. Utilities are not currently active and will not be turned on by the owner. Due to short sale requirements, offers with wholesale or assignment verbiage cannot be accepted. Great potential for an owner-occupant or investor!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 4% |
| Square foot | 938 | 1,754 | 1% |
| Lot Size | 5,998 | 7,680 | 32% |
| Price | $225.0K | $340.0K | 44% |
| Price per sq ft | $240 | $214 | 61% |
| Built year | 1972 | 1984 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 1866 | 0% |
May 5, 2026
$225,000
Initial Listing