2518 E SHAW BUTTE Drive, Phoenix, AZ 85028, Phoenix, 85028 - 3 bed, 3 bath
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Phoenix, AZ 85028
This townhome presents a High-Potential Investment Opportunity with a List Price of $415,000—positioned well below the $413,138 Fair Market Value (Note: Priced at market stability). With a Fair Condition Rating, this 1,846 sq ft Asset offers significant upside through cosmetic modernization. The property features a covered patio with built-in BBQ and access to a community pool, situated near the Phoenix Mountain Preserve. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build equity in a high-demand area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2518 E SHAW BUTTE Drive Subject | $400,000 | 3 | 3 | 1,846 | $225 | - |
A 2717 E SHAW BUTTE Drive Sold | $389,900 | 3 | 2 | 1,394 | $280 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984 (40 years old), the property is described as 'livable as-is' with 'upside potential,' which is industry shorthand for a dated interior. While functional, the photos show older carpeting and basic cosmetic fixes like painted vanities rather than modern renovations. It meets the 'Fair' criteria as it is over 20 years old and requires updates to the kitchen, baths, and likely aging systems to reach current market standards.
Situated in the desirable 'Sheaborhood' area, the property offers exceptional access to hiking at Phoenix Mountain Preserve and is minutes away from the high-end shopping and dining at the redeveloped PV mall.
The 1,846 sq ft layout features a functional great room with a fireplace and a unique upstairs landing with a skylight, providing an ideal flex space for a home office or creative studio.
With a competitive list price and a low HOA fee of $165, this townhome offers significant upside potential for buyers or investors looking to build equity through strategic updates in a high-demand zip code.
The property is marketed as 'livable as-is,' suggesting that the interior finishes and fixtures are likely dated and will require additional capital investment to meet contemporary standards.
Built in 1984, the home may have aging systems or original architectural elements that could necessitate repairs or replacements compared to newer developments in the area.
Buyer contract contingent on home sale. Seller accepting backup offers. Located in the sought-after Sheaborhood area, this 1,846 sq ft townhome features a great room with wood-burning fireplace, formal dining, and an upstairs open landing with skylight- ideal for a home office or flex space. All 3 bedrooms are upstairs, including a primary suite with a large walk-in closet. Livable as-is with strong upside potential, this home is perfect for buyers looking to update over time or investors seeking value. Enjoy a covered patio with built-in BBQ, low HOA, and community pool just steps away. Ideally located near hiking at Phoenix Mountain Preserve and minutes from the redeveloped PV with new shops, dining, and entertainment, plus convenient access to the State Route 51.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,846 | - |
| Lot Size | 3,038 | - |
| Price | $400.0K | $341.8K |
| Price per sq ft | $217 | $259 |
| Built year | 1984 | 0 |
| HOA | $165 | $0 |
| Days on market | 76 | 1211 |
May 7, 2026
$415,000
Initial Listing