
Phoenix, AZ 85015
This Westwood Estates Bungalow represents a Strong Value Opportunity, listed at $388,000—positioned above the $363,521 Fair Market Value. While priced slightly above market, the property maintains a Good Condition Rating with recent updates. The oversized 7,501 sq ft lot provides significant Development Potential for an ADU or guest house, offering long-term upside. Located near the Grand Avenue Arts District and GCU, this home balances central convenience with flexible utility. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, move-in ready asset.
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 | $388 | - |
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 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.
Although built in 1950, the property has been recently updated with fresh interior paint, tile flooring, and a functional kitchen featuring a mosaic backsplash. The interior appears well-maintained and move-in ready with updated fixtures, placing it in the 'Good' category despite its chronological age.
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 near Downtown Phoenix, the Melrose District, and GCU, this property offers excellent proximity to major employment hubs, arts districts, and easy I-17 freeway access.
The oversized 7,501 sq ft lot features an RV gate and no HOA, providing significant flexibility for vehicle storage or the addition of an ADU for rental income or multi-generational living.
At just 936 square feet with a single bathroom, the home's smaller scale may limit its appeal to larger families or buyers requiring more interior living area.
The assigned public schools currently hold lower performance ratings (3 and 4), which could be a drawback for families prioritizing academic rankings in their home search.
Historic charm meets central Phoenix convenience in this recently updated 2-bedroom, 1-bathroom Westwood Estates bungalow. Offering 936 sq ft of inviting living space, the home features fresh interior paint, warm natural light, stylish living and dining areas, a versatile second bedroom that's equally suited as a guest room, home office, or creative studio, and a functional kitchen with ample cabinetry, tile flooring, and mosaic backsplash. Set on a spacious, low-maintenance lot, the property offers room to entertain, garden, expand, or explore the potential for a guest house or ADU for additional income or multi-generational living. An RV gate, RV parking, and no HOA provide added flexibility for vehicles, trailers, recreational toys, or future projects. Ideally located near Downtown Phoenix, the Grand Avenue Arts District, Melrose Vintage District, St. Joseph's Hospital, GCU, and I-17, this home delivers character, convenience, flexibility, and future upside in an established central neighborhood.
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 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 936 | - |
| Lot Size | 7,501 | - |
| Price | $388.0K | $495.4K |
| Price per sq ft | $415 | $290 |
| Built year | 1950 | 0 |
| HOA | $0 | $0 |
| Days on market | 16 | 1260 |
Jul 2, 2026
$388,000
Initial Listing