2437 E TRACY Lane 1, Phoenix, AZ 85032, Phoenix, 85032 - 2 bed, 2 bath
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Phoenix, AZ 85032
This property presents a High-Potential Investment Opportunity with a List Price of $205,000—positioned well above the $183,668 Fair Market Value by 11%. While the property is in Fair Condition Rating, it offers a turnkey, move-in ready layout with a rare, spacious fenced backyard. The efficient one-level floor plan and recent cosmetic updates provide immediate utility, though the dated kitchen and HVAC suggest future value-add potential. This listing is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an entry-level North Phoenix residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2437 E TRACY Lane 1 Subject | $205,000* List Price | 2 | 2 | 816 | $225 | - |
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 2423 E TRACY Lane 3 Active | $205,000 List Price | 2 | 2 | 952 | $215 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984 (41 years old), the property falls into the 'Fair' category as it is dated but functional. While it features recent cosmetic updates like LVP flooring and stainless steel appliances, the kitchen retains original painted cabinetry, a dated fluorescent light box, and popcorn ceilings. The roof-mounted HVAC unit also appears to be an older model.
The property is advertised as move-in ready, offering a turnkey solution for buyers looking to avoid the time and expense of immediate renovations.
Unlike many comparable townhomes, this unit features a spacious, fenced backyard, providing rare private outdoor utility and security.
The one-level floor plan efficiently incorporates two full bathrooms and an open-concept kitchen, maximizing the utility of the interior square footage.
With 185 days on the market and a history of price reductions, the property may suffer from a 'stale' listing perception among potential buyers.
At only 816 square feet for a two-bedroom residence, the living areas may feel cramped, potentially limiting appeal for families or those requiring more storage.
Located in North Phoenix, Move in Ready one level condo with 2 bedrooms and 2 bathrooms. Large kitchen opens to family room. Spacious backyard with fence.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 816 | - |
| Lot Size | 729 | - |
| Price | $205.0K | $341.8K |
| Price per sq ft | $251 | $259 |
| Built year | 1984 | 0 |
| HOA | $240 | $0 |
| Days on market | 234 | 1211 |
May 17, 2026
$205,000
$219,000
-6% Price Drop
Initial Listing
Dec 1, 2025
$219,000
Initial Listing