2422 W ELLIS Street, Phoenix, AZ 85041, Phoenix, 85041 - 4 bed, 3 bath
Loading property details...
Phoenix, AZ 85041
This Value-Add Residential Asset presents a High-Potential Investment Opportunity, listed at $435,000—positioned well above the $362,518 Fair Market Value by 19%. While the list price exceeds current market estimates, the property features a Condition Rating of 4, offering significant upside through cosmetic modernization. Key assets include new 2022 HVAC units, a versatile 2,638 sqft floor plan, and an RV gate. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants capable of executing strategic renovations to build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2422 W ELLIS Street Subject | $400,000* List Price | 4 | 3 | 2,638 | $148 | - |
A 2333 W CARTER Road Sold | $448,000 | 5 | 3 | 2,644 | $169 | 0.2 mi |
B 2513 W BRANHAM Lane Sold | $404,000 | 5 | 3 | 2,540 | $159 | 0.3 mi |
C 2519 W BURGESS Lane Sold | $420,000 | 5 | 3 | 2,196 | $191 | 0.7 mi |
D 2513 W BRANHAM Lane Sold | $404,000 | 5 | 3 | 2,540 | $159 | 0.3 mi |
E 2314 W BEVERLY Road Sold | $319,000 List Price | 4 | 2 | 2,032 | 0.3 mi | |
F 2202 W CARTER Road Active Under Contract | $420,000 List Price | 4 | 2 | 2,484 | $169 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003, the home is 21 years old and retains its original, dated kitchen and bathroom finishes. While the HVAC systems are excellent (replaced in 2022), the interior requires significant cosmetic updates, specifically new flooring as indicated by the seller credit and visible wear in the listing photos.
The property features new dual AC units installed in late 2022, providing significant value and peace of mind regarding cooling efficiency and maintenance costs in the Phoenix climate.
With 2,638 sqft of living space, a full bedroom and bathroom downstairs, and a large upstairs loft, the home is perfectly suited for multigenerational living or a dedicated home office.
The inclusion of a $5,000 seller credit for flooring and a functional RV gate offers immediate financial relief and added utility for homeowners with recreational vehicles.
The home is described as being in 'as-is' livable condition, suggesting that buyers will need to invest additional capital into modernizing the interior finishes to build equity.
The assigned public schools currently hold lower ratings (3/10), which may impact the property's appeal to education-focused families and affect long-term resale value.
NEW AC UNITS UPSTAIRS/DOWNSTAIRS (10/2022). One bedroom and full bath downstairs...ideal for multigenerational living, guests, or a home office. Large loft upstairs. There's a lot of square footage and flexible living spaces to make this a great home for you and your family.
No exterior & parking available.
Grades K-8 • 0.7 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,638 | - |
| Lot Size | 6,600 | - |
| Price | $400.0K | $495.4K |
| Price per sq ft | $152 | $290 |
| Built year | 2003 | 0 |
| HOA | $65 | $0 |
| Days on market | 90 | 1260 |
Jul 16, 2026
$400,000
$410,000
-2% Price Drop
Initial Listing
Jul 9, 2026
$410,000
$415,000
-1% Price Drop
Initial Listing
Jun 25, 2026
$415,000
$429,000
-3% Price Drop
Initial Listing
Jun 5, 2026
$429,000
$435,000
-1% Price Drop
Initial Listing
Apr 24, 2026
$435,000
Initial Listing