2377 W HAZELWOOD Street, Phoenix, AZ 85015, Phoenix, 85015 - 3 bed, 2 bath
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Phoenix, AZ 85015
This Value-Add Townhouse Asset presents a High-Potential Investment Opportunity with a List Price of $196,500, matching its $196,500 Fair Market Value. Offering a stable and highly competitive entry point into the Phoenix market, the property features a spacious 1,302 square foot layout and a Fair Condition Rating that invites forced appreciation through modernization. Its strategic location near major freeways and shopping centers ensures long-term utility and strong rental demand. This acquisition is perfectly positioned for Fix-and-Flip Investors or first-time buyers seeking a project with significant equity-building potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2377 W HAZELWOOD Street Subject | $196,500* List Price | 3 | 2 | 1,302 | $151 | - |
A 2030 W HIGHLAND Avenue Sold | $239,000 | 3 | 2 | 1,260 | $190 | 0.5 mi |
B 4776 N 20TH Avenue Sold | $232,500 | 2 | 2 | 1,260 | $185 | 0.6 mi |
C 1673 W HAZELWOOD Street Sold | $239,900 | 3 | 2 | 1,408 | $170 | 0.9 mi |
D 2051 W ELM Street Pending | $239,999 List Price | 4 | 3 | 1,704 | $141 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, this property is in livable condition but shows significant signs of age and requires modernization. While the living areas feature updated tile flooring and modern ceiling fans, other components such as the bathroom fixtures, pedestal sink, and vinyl stair treads with metal nosing are dated. The listing's emphasis on 'potential' and the AI analysis noting a need for modernization align with a 'fair' rating, where major systems are functional but the aesthetic and finishes are outdated.
Priced under $200,000 for a three-bedroom residence, this property offers a highly competitive entry point into the Phoenix real estate market for first-time buyers or investors.
The property is ideally situated with immediate access to major freeways, shopping centers, and schools, providing excellent convenience for commuting and daily errands.
Featuring 1,302 square feet across two stories, the floor plan offers a generous amount of living space and bedroom separation that is superior to many single-level condos in the area.
Built in 1965 and described as having 'potential,' the home likely requires significant cosmetic or mechanical updates to meet modern standards and maximize its value.
The $255 monthly HOA fee represents a fixed carrying cost that must be factored into the overall affordability and may impact the financing qualifications for some buyers.
GREAT LOCATION,CLOSE TO EVERYTHING THIS PROPERTY HAS A LOT OF POTENTIAL 3 BEDROOMS 2 STORIES, SPACIOUS AREAS, CLOSE TO SHOPPING CENTERS AND FREEEWAYS AND SCHOOLS.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,302 | 1,371 | 38% |
| Lot Size | 875 | 2,352 | 15% |
| Price | $196.5K | $290.0K | 32% |
| Price per sq ft | $151 | $189 | 32% |
| Built year | 1965 | 1970 | 19% |
| HOA | $255 | $215 | 74% |
| Days on market | 357 | 795 | 36% |
May 4, 2025
$196,500
Initial Listing