2309 W WOOD Drive, Phoenix, AZ 85029, Phoenix, 85029 - 3 bed, 2 bath
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Phoenix, AZ 85029
This Value-Add Residential Property is a Strong Value Opportunity, listed at $365,000—positioned well below the $398,154 Fair Market Value by 8%. This valuation gap provides $33,154 in Instant Equity for buyers. While the interior features a 2018 remodel and desirable mountain views, the property maintains a Condition Rating of 3 due to required pool and exterior repairs. Situated on an oversized 10,202 sqft lot with an RV gate, it offers significant upside for forced appreciation. This is an ideal acquisition for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2309 W WOOD Drive Subject | $365,000* List Price | 3 | 2 | 1,740 | $229 | - |
A 2143 W WILLOW Avenue Sold | $425,000 | 4 | 2 | 1,861 | $228 | 0.2 mi |
B 2005 W SURREY Avenue Sold | $449,999 List Price | 3 | 2 | 1,840 | 0.4 mi | |
C 2540 W ROVEEN Avenue Sold | $432,000 | 3 | 2 | 1,768 | $244 | 0.3 mi |
D 2507 W Surrey Avenue Sold | $450,000 | 3 | 2 | 1,971 | $228 | 0.3 mi |
E 2507 W Surrey Avenue Sold | $450,000 | 3 | 2 | 1,971 | $228 | 0.3 mi |
F 13657 N 21ST Avenue Sold | $420,000 | 3 | 2 | 1,964 | $214 | 0.5 mi |
G 2148 W SHARON Avenue Pending | $399,900 List Price | 3 | 2 | 1,832 | $218 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was remodeled in 2018 (approx. 6-7 years ago), which falls within the 5-15 year renovation window for a 'Good' rating. The interior features a modern kitchen island, updated flooring, and stainless steel appliances. Although the listing mentions the pool and exterior need work, the primary living spaces are functional and 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 = 10202, living area = 1740.
The home underwent a thoughtful interior renovation in 2018, providing updated finishes and a modern layout that serves as a strong foundation for the next owner.
The property sits on a generous 10,202 sqft lot featuring an RV gate and ample parking, offering rare flexibility for storing recreational vehicles or trailers.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1740, other record living area = 1472.
The existing pool area requires significant repair and attention, representing an immediate renovation cost for the buyer to make the outdoor space functional.
The property is positioned as a fixer-upper with the exterior and backyard needing updates, which may necessitate additional capital investment following the purchase.
Calling all investors, home renovators, and buyers looking for their next great opportunity--this is the one! Welcome to 2309 W Wood Drive in Phoenix, perfectly located just minutes from I-17 and Thunderbird while still offering a peaceful sense of space that is becoming harder to find. This property is full of potential and the perfect fixer-upper for someone ready to add value and make it their own. Thoughtfully remodeled in 2018, the home already offers a strong foundation with updated interior finishes and a warm, inviting layout, but there is still room for improvement both inside and out. The backyard and pool area especially need some attention, creating the perfect opportunity to transform the outdoor space into something truly special. Situated on an oversized lot, the property provides plenty of room to entertain, garden, store your toys, or create the outdoor lifestyle you've been dreaming of. One of the standout features is the RV gate and abundance of parking, offering flexibility for extra vehicles, trailers, recreational toys, or simply the convenience of additional space. While the pool does need work and some exterior updates are needed, this has been reflected in the pricing--making this an excellent chance for the right buyer to build equity and create something amazing in an already fantastic location
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 | 1,740 | - |
| Lot Size | 10,202 | - |
| Price | $365.0K | $495.4K |
| Price per sq ft | $210 | $290 |
| Built year | 1966 | 0 |
| HOA | $0 | $0 |
| Days on market | 91 | 1260 |
Apr 23, 2026
$365,000
Initial Listing