22227 N 29TH Drive, Phoenix, AZ 85027, Phoenix, 85027 - 3 bed, 3 bath
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Phoenix, AZ 85027
This property presents a Strong Value Opportunity with a List Price of $285,000—positioned well below the $308,746 Fair Market Value by 7%. This valuation gap offers $23,746 in Instant Equity for buyers capable of managing a full interior renovation. Currently in a Condition Rating of 5, the home requires a complete rehab, including kitchen and bath installation. Located near Paseo Hills Elementary and Barry Goldwater High, this is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22227 N 29TH Drive Subject | $285,000* List Price | 3 | 3 | 1,496 | $206 | - |
A 3040 W LOS GATOS Drive Sold | $344,900 | 3 | 3 | 1,421 | $243 | 0.3 mi |
B 22023 N 30TH Lane Sold | $367,000 | 3 | 3 | 1,600 | $229 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Although built in 2002, the property is currently in a gutted state with exposed framing, insulation, and ductwork. It lacks a functional kitchen and bathrooms, requiring a full interior rehab to be livable.
Situated in the desirable Adobe Gardens community, the property offers excellent proximity to major employment centers, shopping, dining, and freeway access, ensuring strong long-term demand.
Priced competitively for the Phoenix market, this home serves as a blank canvas for a complete transformation, allowing investors or savvy buyers to build substantial sweat equity.
The 3-bedroom, 3-bathroom layout across nearly 1,500 square feet provides a functional and versatile foundation that is highly sought after by modern families and renters.
The property is marketed as needing a complete transformation, which necessitates significant upfront capital and contractor involvement, likely limiting financing options to cash or hard money.
With a lot size of only 2,800 square feet, the property offers very limited outdoor space and privacy, which may be a deterrent for buyers prioritizing a large backyard or garden.
Incredible opportunity in the desirable Adobe Gardens community! This home is ready for a complete transformation and offers the perfect canvas for your vision. Ideal for buyers looking to customize finishes and create a home tailored to their style. Conveniently located near shopping, dining, major employment centers, and freeway access. Bring your contractor and imagination and unlock the tremendous potential this property has to offer.
No exterior & parking available.
Grades PK-8 • 0.5 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,496 | - |
| Lot Size | 2,800 | - |
| Price | $285.0K | $495.4K |
| Price per sq ft | $191 | $290 |
| Built year | 2002 | 0 |
| HOA | $97 | $0 |
| Days on market | 24 | 1260 |
Jun 29, 2026
$285,000
Initial Listing