
Phoenix, AZ 85015
This Single Family Residence is a Strong Value Opportunity, listed at $388,000—positioned well above the $366,755 Fair Market Value by 5%. While priced slightly above market, the property’s Condition Rating of 3 and 7,501 sq ft lot offer significant long-term upside. Key features include an RV gate, no HOA, and high development potential for an ADU or guest house. This central Phoenix asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, centrally located property with room to expand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2221 W CLARENDON Avenue W Subject | $388,000* List Price | 2 | 1 | 936 | $392 | - |
A 2134 W Mitchell Drive Sold | $370,000 | 2 | 1 | 936 | $395 | 0.2 mi |
B 3640 N 21ST Avenue Sold | $360,000 | 2 | 1 | 899 | $400 | 0.2 mi |
C 2317 W WHITTON Avenue Sold | $392,500 | 2 | 1 | 936 | $419 | 0.2 mi |
D 3640 N 21ST Avenue Sold | $360,000 | 2 | 1 | 899 | $400 | 0.2 mi |
E 2317 W WHITTON Avenue Sold | $392,500 | 2 | 1 | 1,041 | $377 | 0.2 mi |
F 2317 W WHITTON Avenue Sold | $392,500 | 2 | 1 | 1,041 | $377 | 0.2 mi |
G 2011 W WHITTON Avenue Sold | $395,000 | 3 | 1 | 1,224 | $323 | 0.3 mi |
H 1837 W ROMA Avenue Sold | $344,800 | 3 | 2 | 1,150 | $300 | 0.9 mi |
I 3646 N 21ST Avenue Pending | $365,000 List Price | 2 | 1 | 936 | $390 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1950, the property has been recently updated with fresh interior paint and a functional kitchen featuring a mosaic backsplash and tile flooring. It is well-maintained, move-in ready, and features updated lighting and ceiling fans, though the kitchen appliances and cabinetry are older styles.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7501, living area = 936.
Situated in the heart of Phoenix near the Melrose Vintage District and Grand Avenue Arts District, this property offers exceptional access to downtown, major hospitals, and GCU.
The spacious 7,501 sq ft lot with no HOA and an RV gate provides significant flexibility for adding an ADU, guest house, or expanding the existing footprint for future value.
With only 936 square feet and a single bathroom, the home's small footprint may limit its appeal to larger families or those requiring more personal space.
The assigned high school carries a lower rating of 3, which could be a consideration for families prioritizing top-tier educational districts.
Buyer incentives available! Seller is willing to contribute toward an interest rate buydown or buyer closing costs with an acceptable offer, helping make homeownership more affordable. This move-in-ready 2-bedroom, 1-bath home is an outstanding opportunity for first-time buyers, investors, or anyone looking for the freedom of No HOA living in the heart of Central Phoenix. Located in the historic Westwood Estates neighborhood, this charming bungalow offers 936 square feet of thoughtfully refreshed living space featuring fresh interior paint, warm natural light, wood-look laminate and tile flooring, stylish living and dining areas, and a versatile second bedroom that's equally suited as a guest room, home office, or creative studio. The spacious eat-in kitchen features ample cabinetry, refreshed countertops, tile flooring, and a mosaic backsplash, while the updated bathroom has also been refreshed for move-in-ready appeal. Outside, the oversized low-maintenance lot provides endless possibilities. Enjoy the patio beneath mature shade trees, RV gate and RV parking, and plenty of room to entertain, garden, expand, or explore the potential for a future guest house or ADU (buyer to verify). A 1-car carport and washer and dryer are included. Perfectly situated just minutes from Downtown Phoenix, the Melrose District, Grand Avenue Arts District, St. Joseph's Hospital, GCU, and I-17, this home combines historic charm, everyday convenience, and long-term potential in one of Central Phoenix's most established neighborhoods.
No exterior & parking available.
Grades PK-8 • 0.7 mi
Grades K-8 • 2.2 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 936 | 1,850.5 |
| Lot Size | 7,501 | 7,313 |
| Price | $388.0K | $481.7K |
| Price per sq ft | $415 | $289 |
| Built year | 1950 | 1987 |
| HOA | $0 | $175 |
| Days on market | 44 | 757 |
Jul 2, 2026
$388,000
Initial Listing