219 W PASEO Way, Phoenix, AZ 85041, Phoenix, 85041 - 3 bed, 2 bath
Loading property details...
Phoenix, AZ 85041
This Value-Add Single-Family Residence is a Strong Value Opportunity, listed at $330,000—positioned well below the $347,412 Fair Market Value by 5%. This valuation gap provides $17,412 in Instant Equity for buyers. The property maintains a Condition Rating of 3, featuring updated wood-look tile flooring and modernized bathrooms, while offering scenic mountain views and an expansive 13,116 sqft lot. Located near Southwest Elementary, this short sale balances immediate livability with significant appreciation potential. It is an ideal acquisition for Owner-Occupants looking to build wealth or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 219 W PASEO Way Subject | $330,000* List Price | 3 | 2 | 1,230 | $282 | - |
A 525 W Buist Street Sold | $270,000 | 3 | 1 | 1,182 | $228 | 0.4 mi |
B 9215 S 7TH Avenue Pending | $367,000 List Price | 3 | 1 | 1,428 | $257 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant recent updates that exceed its 1960 build year. Visual evidence shows new wood-look tile flooring, fresh interior and exterior paint, and a modernized bathroom with contemporary large-format wall tiles and penny-tile flooring. While the listing description notes the kitchen offers potential for further updates to build equity, the visible components—including the roof, water heater, and fixtures—appear well-maintained and updated within the last 5 to 15 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13116, living area = 1230.
Priced below comparable renovated homes in the area, this property offers a significant opportunity for investors or primary buyers to build immediate equity through modern updates.
The property sits on a generous 13,116 square foot lot, providing ample space for outdoor improvements, potential expansion, or the addition of functional structures.
The property is a short sale subject to lender approval, which typically involves a more prolonged, complex, and uncertain closing process for the buyer.
Built in 1960 and marketed as a value-add opportunity, the home likely requires significant capital investment for renovations and repairs to meet modern living standards.
Opportunity to purchase below comparable renovated homes and build equity. This 3 bed, 2 bath home features an open layout with strong bones and natural light throughout. Spacious kitchen and connected living areas offer solid potential for modern updates. Large lot provides room for outdoor improvements, expansion, or added functionality. Ideal for buyers looking to update and create value. Short sale submitted to lender for approval. Strong opportunity compared to nearby homes.
No exterior & parking available.
Grades K-8 • 0.6 mi
Grades 9-12 • 4.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,230 | 1,760 | 14% |
| Lot Size | 13,116 | 6,600 | 88% |
| Price | $330.0K | $350.0K | 44% |
| Price per sq ft | $268 | $197 | 84% |
| Built year | 1960 | 2004 | 11% |
| HOA | $0 | $65 | 31% |
| Days on market | 18 | 827 | 0% |
Apr 8, 2026
$330,000
Initial Listing