2237 E DESERT Lane, Phoenix, AZ 85042, Phoenix, 85042 - 2 bed, 1 bath
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Phoenix, AZ 85042
Analysis of 2237 E DESERT Lane, Phoenix, AZ 85042 is currently available with a list price of $275,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1950 with no evidence of renovation, this 74-year-old structure is marketed as a redevelopment opportunity. The listing emphasizes land value and the potential for a custom home, while images show dilapidated outbuildings and a primary structure in poor condition, fitting the criteria for unlivable land value.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9017, living area = 625.
Situated on a 9,017 sqft lot surrounded by custom homes, this property offers a rare opportunity for redevelopment or the construction of a bespoke residence in an established Phoenix neighborhood.
The property features desirable mountain views, significantly enhancing the aesthetic appeal and future resale value for a custom-built home on the site.
The current 625 sqft structure is significantly undersized for the area and likely requires a complete teardown or extensive renovation to meet modern market standards.
The seller's preference to sell concurrently with the adjoining parcel may complicate the acquisition process for buyers interested solely in this individual lot.
Unique opportunity in an established Phoenix neighborhood surrounded by beautiful custom homes. PLEASE NOTE: This parcel is one of two separately listed adjoining lots, each offered individually. Seller prefers to sell together with adjacent property located at 2241 E Desert Ln but will consider separate offers. Great potential for a custom home or redevelopment opportunity, subject to buyer verification of zoning, utilities, permitting, and intended use. Financing options may be available through Boomerang Acceptance LLC 80% LTV; buyer to independently verify all financing terms and availability.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 7% |
| Baths | 1.0 | 2.0 | 5% |
| Square foot | 625 | 1,869 | 2% |
| Lot Size | 9,017 | 7,200 | 70% |
| Price | $275.0K | $399.0K | 32% |
| Price per sq ft | $440 | $228 | 99% |
| Built year | 1950 | 2000 | 2% |
| HOA | $0 | $95 | 35% |
| Days on market | 24 | 1443 | 1% |
Jun 12, 2026
$275,000
$299,000
-8% Price Drop
Initial Listing
May 22, 2026
$299,000
Initial Listing