2305 W Meadow Drive, Phoenix, AZ 85023, Phoenix, 85023 - 3 bed, 2 bath
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Phoenix, AZ 85023
This Versatile Single Family Residence represents a Strong Value Opportunity, listed at $575,000—positioned well above the $530,286 Fair Market Value by -8%. Featuring a Condition Rating of 3, the home offers a Granite Kitchen, recent exterior paint, and a unique Detached Workshop with full utility hookups. While the local middle school rating is modest, the expansive 11,979 sqft lot provides significant lifestyle flexibility. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home with substantial expansion potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2305 W Meadow Drive Subject | $550,000* List Price | 3 | 2 | 2,013 | $241 | - |
A 2142 W Meadow Drive Sold | $430,000 | 3 | 2 | 2,021 | $213 | 0.1 mi |
B 2425 W SHADY GLEN Avenue Sold | $420,000 | 4 | 2 | 1,585 | $265 | 0.2 mi |
C 18045 N 20TH Lane N Sold | $463,000 | 4 | 2 | 2,176 | $213 | 0.6 mi |
D 2044 W SCHELL Drive Sold | $487,000 | 5 | 2 | 2,359 | $206 | 0.2 mi |
E 2344 W MARCONI Avenue Sold | $540,000 | 4 | 3 | 2,048 | $264 | 0.9 mi |
F 1647 W VILLA RITA Drive Sold | $492,000 | 4 | 3 | 2,463 | $200 | 0.9 mi |
G 2402 W ANDERSON Avenue Pending | $426,000 List Price | 3 | 2 | 1,997 | $213 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1959, the property has been meticulously maintained with significant renovations to the kitchen (granite/cherry cabinets) and bathrooms that appear to be in the 10-20 year range. Recent exterior paint, updated landscaping, and functional HVAC systems make it move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11979, living area = 2013.
The property includes a separate workshop featuring a toilet, shower, kitchen hookups, and dedicated A/C, offering exceptional potential for a guest house, studio, or home office.
Meticulously maintained for 20 years, the home boasts high-quality finishes including cherry cabinets, granite countertops, remodeled tile bathrooms, and a recent exterior paint job.
Built in 1959, the home may have aging underlying infrastructure such as plumbing or electrical systems that could require attention despite the cosmetic and surface-level upgrades.
The assigned middle school has a low rating of 3, which may be a significant drawback for families prioritizing high-quality public education and could impact future resale value.
The house has been meticulously maintained by the current owners who have lived there for 20 years. Numerous upgrades were done. Kitchen has cherry cabinets with granite countertops, tile floors. Walls are plaster with faux finish. Bathrooms have been redone with tile showers and floors. Laundry room redone with newer cabinets. Recent exterior paint job. Landscaping on backyard with newer patio, irrigation (front and back), extra storage room in back with electricity available. This property also features a separate detached guest house with its own private parking and back area, offering exceptional flexibility for rental income, multigenerational living, home office space, or extended guest accommodations.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades 7-8 • 2.7 mi
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,013 | - |
| Lot Size | 11,979 | - |
| Price | $550.0K | $495.4K |
| Price per sq ft | $273 | $290 |
| Built year | 1959 | 0 |
| HOA | $0 | $0 |
| Days on market | 46 | 1260 |
Jun 17, 2026
$550,000
$575,000
-4% Price Drop
Initial Listing
Jun 7, 2026
$575,000
Initial Listing