2423 E TRACY Lane 3, Phoenix, AZ 85032, Phoenix, 85032 - 2 bed, 2 bath
Loading property details...
Phoenix, AZ 85032
This Value-Add Townhouse represents a strategic entry point into the North Phoenix market. With a List Price of $205,000, the property is positioned near its $184,467 Fair Market Value, offering a stable baseline for a modernization project. While the interior holds a Condition Rating of 4 with dated features, the high-ticket mechanicals are already addressed, including a 2-year-old roof and A/C system. Located within the reputable Paradise Valley School District, this property balances renovation potential with a prime location. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build equity through customization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2423 E TRACY Lane 3 Subject | $205,000* List Price | 2 | 2 | 952 | $194 | - |
A 2802 E BECK Lane 2 Sold | $232,000 | 2 | 2 | 870 | $267 | 0.4 mi |
B 2838 E BECK Lane 2 Sold | $195,000 | 2 | 2 | 870 | $224 | 0.5 mi |
C 2838 E BECK Lane 2 Sold | $195,000 | 2 | 2 | 870 | $224 | 0.5 mi |
D 2838 E BECK Lane 2 Sold | $195,000 | 2 | 2 | 870 | $224 | 0.5 mi |
E 16635 N CAVE CREEK Road 232 Sold | $195,000 | 2 | 2 | 1,134 | $172 | 0.7 mi |
F 2437 E TRACY Lane 1 Active | $219,000 List Price | 2 | 2 | 816 | $268 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1985 build that retains many original or dated features, including parquet wood flooring, popcorn ceilings, and older bathroom fixtures. While the roof and HVAC system are recently updated (2 years old), the interior is described as a 'fixer-upper' and requires comprehensive cosmetic modernization. It remains functional and lived-in but shows significant signs of age and lack of recent interior renovation.
The property features a roof and A/C system that are only two years old, providing significant peace of mind and reducing immediate capital expenditure for the buyer.
Priced competitively as a 'fixer-upper,' this townhouse offers a fantastic opportunity for investors or homeowners to build equity through cosmetic renovations and modernization.
Situated in the Spanish Hills community of Phoenix, the home boasts a central location with convenient access to local amenities, shopping, and dining.
The home requires comprehensive interior updates and cosmetic repairs, which will necessitate additional budget and effort from the buyer after closing.
With under 1,000 square feet of living space, the floor plan may feel restrictive for those seeking a more spacious or open-concept residential layout.
This home offers a fantastic opportunity to make it your own! Featuring a 2-year-old roof and A/C system, the major updates have already been taken care of, giving you peace of mind and added value. Inside, the property is ready for updates and full of potential. With a little vision and updating, this house can truly shine. Whether you're an investor or a homeowner looking to customize your dream space, this is the perfect canvas to create something special. Absolutely amazing location close to everything you need.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 952 | 1,134 | 32% |
| Lot Size | 483 | 754 | 17% |
| Price | $205.0K | $247.4K | 31% |
| Price per sq ft | $215 | $229 | 38% |
| Built year | 1985 | 1987 | 43% |
| HOA | $246 | $213 | 74% |
| Days on market | 66 | 1685 | 2% |
Feb 19, 2026
$205,000
Initial Listing