2248 E BLANCHE Drive, Phoenix, AZ 85022, Phoenix, 85022 - 3 bed, 2 bath
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Phoenix, AZ 85022
This property presents a High-Potential Investment Opportunity with a List Price of $369,000—positioned well below the $379,321 Fair Market Value by 2%. This valuation gap offers $10,321 in Instant Equity for buyers willing to execute a renovation plan. Featuring a Fair Condition Rating and no HOA, the home offers significant upside through modernization. With scenic Lookout Mountain views and a large lot with RV access, this is a value-add acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project in the Paradise Valley School District.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2248 E BLANCHE Drive Subject | $369,000* List Price | 3 | 2 | 1,458 | $260 | - |
A 2301 E MARILYN Road Sold | $440,000 | 3 | 2 | 1,939 | $227 | 0.2 mi |
B 14225 N 20TH Place Sold | $425,000 | 3 | 2 | 1,432 | $297 | 0.6 mi |
C 2040 E MONTE CRISTO Avenue Active Under Contract | $350,000 List Price | 3 | 2 | 1,490 | $235 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1969 and owned by the original owner, the property is explicitly marketed as an 'investor fix-up' and 'renovation project.' While the roof and HVAC are mid-life (10-12 years), the interior is significantly dated with popcorn ceilings and original finishes, requiring a full rehab rather than minor repairs.
Situated in the highly desirable Paradise Valley School District with scenic street views of Lookout Mountain, offering strong long-term value and appeal.
The absence of HOA restrictions combined with a large backyard and an RV gate provides owners with maximum flexibility for vehicle storage and property use.
Marketed as a value-add opportunity from the original owner, this property is ideal for investors or buyers looking to build equity through a custom renovation.
The home is positioned as a fix-up project, implying that substantial interior updates and modernization are necessary to bring it up to current market standards.
With the A/C and siding at 12 years old and the roof at 10 years, these critical components are nearing the end of their typical lifespans and may require near-term replacement.
VALUE-ADD OPPORTUNITY & NO HOA with street views of Lookout Mountain and located within the desirable Paradise Valley School District. Open floor plan with an office nook off the family room. Large backyard backs to an alley and features an oversized covered patio and RV gate. Ideal for an investor fix-up, renovation project, or buyer looking to update the home to their own style.The seller is the original owner and knows all the history. Exterior was painted within the past 3 years. Approximate ages: A/C - 12 years, roof - 10 years, siding - 12 years.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,458 | - |
| Lot Size | 6,798 | - |
| Price | $369.0K | $495.4K |
| Price per sq ft | $253 | $290 |
| Built year | 1969 | 0 |
| HOA | $0 | $0 |
| Days on market | 31 | 1260 |
Jun 21, 2026
$369,000
Initial Listing