22223 N 22ND Way, Phoenix, AZ 85024, Phoenix, 85024 - 3 bed, 2 bath
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Phoenix, AZ 85024
This property presents a High-Potential Investment Opportunity with a List Price of $499,999—positioned well below the $426,245 Fair Market Value by -17%. While the home maintains a Fair Condition Rating, recent mechanical upgrades including a 2021 A/C and 2025 water heater mitigate immediate capital expenditures. Located near top-rated schools like Boulder Creek Elementary, this asset offers significant value-add potential through cosmetic modernization. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22223 N 22ND Way Subject | $474,999* List Price | 3 | 2 | 1,675 | $273 | - |
A 2235 E DONALD Drive E Sold | $430,000 | 3 | 2 | 1,412 | $305 | 0.1 mi |
B 22424 N 19TH Way Sold | $595,000 | 3 | 3 | 2,057 | $289 | 0.4 mi |
C 22424 N 19TH Way Sold | $595,000 | 3 | 3 | 2,057 | $289 | 0.4 mi |
D 22424 N 19TH Way Sold | $595,000 | 3 | 3 | 2,057 | $289 | 0.4 mi |
E 22424 N 19TH Way Sold | $595,000 | 3 | 3 | 2,057 | $289 | 0.4 mi |
F 2429 E PARAISO Drive Sold | $365,000 List Price | 3 | 2 | 1,734 | 0.5 mi | |
G 22847 N 24TH STREET Street Pending | $514,900 List Price | 3 | 2 | 1,555 | $331 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996, the property is 30 years old with mostly original interior finishes. While the HVAC (2021) and water heater (2025) are excellent recent upgrades, the kitchen and bathrooms feature dated 90s-style cabinetry and laminate counters. The listing explicitly mentions the need for 'TLC,' placing it firmly in the Fair category due to age and the need for cosmetic modernization.
Ideally situated within walking distance to top-rated schools and offering quick access to the 101 and 51 freeways, this home provides exceptional convenience for families and commuters.
The property features significant big-ticket improvements, including a newer A/C system (2021) and a brand-new hot water heater (2025), reducing immediate maintenance concerns for the buyer.
The 1,675 sqft layout is well-designed with separate formal living and dining rooms, an eat-in kitchen, and a spacious primary suite featuring a walk-in closet and separate tub/shower.
The home is noted as needing some minor repairs and updates, which may require additional post-purchase investment to reach its full aesthetic and market potential.
With a lot size of 4,599 sqft, the yard is relatively compact, which may be a drawback for buyers seeking extensive private outdoor areas or large garden spaces.
PRICED to Sell! This charming 3-bedroom home is located in a highly sought-after North Phoenix community with incredible potential and just the right opportunity to add your own personal touch. Perfectly positioned near the rapidly growing TSMC Arizona campus located off I-17 and Loop 303, this home offers an ideal location for those seeking convenience to one of the Valley's largest employers and technology hubs. Inside, you'll find separate formal living and dining rooms, an eat-in kitchen, and a spacious primary suite featuring a walk-in closet along with a separate tub and shower. Additional highlights include an inside laundry room, covered patio, A/C (2021), water heater (2025), home also includes a water softener. Enjoy being within walking distance to top-rated schools, shopping, and dining, with quick access to the Loop 101, SR-51, and I-17 freeways -- making commuting throughout the Valley and to the TSMC corridor quick and convenient. A fantastic opportunity to make this home your own in one of North Phoenix's fastest-growing areas!
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades 7-8 • 0.4 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,675 | - |
| Lot Size | 4,599 | - |
| Price | $475.0K | $495.4K |
| Price per sq ft | $284 | $290 |
| Built year | 1996 | 0 |
| HOA | $90 | $0 |
| Days on market | 71 | 1260 |
Jul 21, 2026
$474,999
$489,997
-3% Price Drop
Initial Listing
Jul 17, 2026
$489,997
$489,998
+0% Price Increase
Initial Listing
Jul 4, 2026
$489,998
$489,999
+0% Price Increase
Initial Listing
Jun 21, 2026
$489,999
$499,998
-2% Price Drop
Initial Listing
Jun 17, 2026
$499,998
$499,999
+0% Price Increase
Initial Listing
May 12, 2026
$499,999
Initial Listing