
Phoenix, AZ 85006
This Historic Value-Add Asset in the Coronado Historic District is listed at $385,000, compared to a $307,203 Fair Market Value. Currently holding a Poor Condition Rating, the property requires a full systems rehab but offers immense upside through its 1931 Red Brick Construction and Historic Tax Incentives. The detached garage presents a clear path for an Income-Generating ADU to maximize ROI. Located near North High School, the site benefits from high walkability and urban demand. This project is best suited for Value-Add Investors or Preservationists seeking a high-yield restoration.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2220 N EDGEMERE Street Subject | $385,000* List Price | 2 | 1 | 931 | $330 | - |
A 2501 N 11TH Street Sold | $390,000 | 2 | 1 | 932 | $418 | 0.3 mi |
B 2502 N 10TH Street Sold | $440,000 | 2 | 1 | 1,102 | $399 | 0.4 mi |
C 1805 N 16TH Street Sold | $370,000 | 3 | 1 | 1,222 | $303 | 0.5 mi |
D 2310 N DAYTON Street Active Under Contract | $475,000 List Price | 3 | 3 | 1,033 | $460 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
While the home is historic and charming, the last major infrastructure updates to the kitchen and bathrooms occurred in the 1980s, making the renovations over 40 years old. The HVAC system is at the end of its functional life (2-5 years remaining), the exterior siding dates to the 1960s, and the kitchen shows significant wear on the laminate surfaces. Based on the 30-50 year renovation age and the need for a full rehab of systems and finishes, it falls into the poor category.
This 1931 residence retains its original soul with soaring coved ceilings, oak hardwood floors, and a classic clay tile roof, offering rare craftsmanship and character in the Coronado Historic District.
The property offers significant upside through historic tax incentives, the potential to reveal original red brick under 1960s siding, and a detached garage ideal for an income-generating ADU conversion.
Situated on a quiet, low-traffic street, the home is steps away from local coffee shops, acclaimed restaurants, and the iconic Sunshine Market in one of Phoenix's most coveted urban neighborhoods.
With only 931 square feet and a single bathroom, the interior footprint may be restrictive for modern buyers or families requiring more functional space and privacy.
The home features 1960s-era aluminum siding and an HVAC system with a limited remaining lifespan of 2-5 years, indicating a need for near-term capital improvements.
Rarely does an opportunity arise that combines historic charm, long-term investment value, and one of Phoenix's most coveted addresses. Welcome to 2220 N. Edgemere Street, a distinguished 1931 brick residence in the heart of the Coronado Historic District, where historic tax incentives, architectural integrity, and an unbeatable location converge to make this one of the most compelling investments on the market today. Situated on a nearly 6,000 square foot lot on one of Coronado's most desirable blocks, this home enjoys a quiet, low-traffic street that connects minimally to surrounding thoroughfares, creating a peaceful and exceptionally safe environment. A charming front conversation stoop welcomes you home and sets the tone for the warmth within. Walk out the front door and you are steps from beloved local coffee shops, acclaimed restaurants, and the iconic Sunshine Market, placing you in the heart of one of Phoenix's most walkable urban neighborhoods. The home's red brick construction remains protected beneath aluminum siding installed in the 1960s, accompanied by functional period awnings over the windows that keep the home naturally shaded and cool. For the visionary investor, that siding represents genuine upside, as the original brick underneath is very likely in excellent condition and ready to be revealed. The classic clay tile roof crowns the property with timeless character and lasting durability. Step inside and the elegance of a bygone era unfolds immediately. Soaring coved ceilings, original plaster walls, and original oak hardwood floors create an atmosphere of warmth and craftsmanship rarely found today. The living room is anchored by a stunning picture window that floods the space with natural light and a wood-burning fireplace that adds undeniable charm. A beautifully shaped historic arch frames the passage from the living room into the formal dining room, an architectural detail that is distinctly of its period and simply irreplaceable. Historic built-ins in the dining room and hallway, original paneled hardwood doors with period hardware, and a delightful in-wall kitchen ironing board round out a home that has held onto its soul. Infrastructure updates completed in the 1980s, including work on the kitchen, bathrooms, and a partial ABS sewer line update, have laid the groundwork so that this house is truly ready for its next chapter. The HVAC has been well maintained and recently serviced with a technician-assessed remaining life of at least two to five years, and the water heater is newer. The large detached garage presents a ready-made opportunity to construct an Accessory Dwelling Unit, which would command strong rental income in one of Phoenix's most in-demand neighborhoods and significantly enhance the property's income-generating potential. Combined with Coronado's historic tax benefits, 2220 N Edgemere is not just a beautiful home. It is a rare and intelligent investment in one of Phoenix's most vibrant communities!
No exterior & parking available.
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 30% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 931 | 1,342 | 12% |
| Lot Size | 5,946 | 6,825.5 | 7% |
| Price | $385.0K | $423.8K | 40% |
| Price per sq ft | $414 | $328 | 80% |
| Built year | 1931 | 1945 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 1345 | 1% |
Apr 29, 2026
$385,000
Initial Listing