2439 W FREEWAY Lane, Phoenix, AZ 85021, Phoenix, 85021 - 3 bed, 2 bath
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Phoenix, AZ 85021
This Value-Add Residential Asset is listed at $360,000, positioned near its $305,735 Fair Market Value in a rapidly revitalizing Phoenix corridor. Currently holding a Condition Rating of 4, the property features essential Infrastructure Upgrades including a newer roof, upgraded electrical panel, and newer water heater. Its location near the Metro Center Development and light rail system offers significant appreciation potential. With an open kitchen, covered patio, and proximity to Richard E Miller Elementary, Royal Palm Middle, and Cortez High School, the home provides a solid foundation for modernization. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2439 W FREEWAY Lane Subject | $355,000* List Price | 3 | 2 | 1,350 | $225 | - |
A 2337 W DIANA Avenue Sold | $280,000 | 3 | 2 | 1,312 | $213 | 0.1 mi |
B 2445 W DIANA Avenue Sold | $336,000 | 3 | 2 | 1,362 | $247 | 0.1 mi |
C 2445 W DIANA Avenue Sold | $336,000 | 3 | 2 | 1,362 | $247 | 0.1 mi |
D 2451 W ORCHID Lane Sold | $309,000 | 3 | 2 | 1,361 | $227 | 0.1 mi |
E 2325 W Orchid Lane Sold | $373,000 | 3 | 2 | 1,362 | $274 | 0.1 mi |
F 2431 W SELDON Lane Active | $387,780 List Price | 3 | 2 | 1,561 | $248 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property features essential system updates including a newer roof, upgraded electrical panel, and newer water heater, the interior remains dated. The carpeting, window treatments, and overall aesthetic suggest the last cosmetic overhaul was likely over 20 years ago. It is functional and move-in ready but requires modernization to meet current market standards.
The property is ideally situated near the new Metro Center Development and light rail system, positioning it for significant future appreciation as the area undergoes major revitalization.
Major high-cost items have already been addressed, including a newer roof, an upgraded electrical panel, a newer water heater, and previously upgraded windows, reducing immediate capital expenditure for the buyer.
Featuring an open kitchen and a 2-car carport that can be converted into a garage, the home offers a solid foundation with clear opportunities to build equity through cosmetic improvements.
The property is noted to have room for improvements, suggesting that the interior finishes may be dated and require additional investment to reach full market potential.
The assigned elementary and middle schools have lower ratings (3 and 4 respectively), which may be a drawback for families prioritizing high-performing educational districts.
Great Opportunity and location! 3 bed 2 bath, roof only few yrs old, upgraded electric panel, open kitchen with formal dining area, Arcadia door to back yard, covered patio, nice size back yard, 2 car carport that can be converted to garage, plus plenty of storage space. windows were upgraded at one point before owner bought the house, newer water heater, there is room for improvements but a great start, close to the new Metro Center Development and light train system, this area is starting to turn big time.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 5-8 • 0.6 mi
Grades 9-12 • 1.0 mi
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 | 1,350 | 2,068 | 14% |
| Lot Size | 6,913 | 10,372 | 18% |
| Price | $355.0K | $373.0K | 48% |
| Price per sq ft | $263 | $269 | 49% |
| Built year | 1958 | 1959 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 1404 | 1% |
Apr 25, 2026
$355,000
$360,000
-1% Price Drop
Initial Listing
Mar 27, 2026
$360,000
Initial Listing