
Phoenix, AZ 85050
This Value-Add Residential Asset is listed at $275,000, offering a stable entry point at its $275,000 Fair Market Value. The property currently holds a Fair Condition Rating, presenting a clear opportunity for forced appreciation through modernization of the kitchen, baths, and HVAC system. Featuring a large corner lot with No HOA, a private deck, and parking for four vehicles, it is perfectly positioned near Desert Ridge Marketplace for high tenant appeal and long-term growth. This is an ideal acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2544 E PIUTE Avenue Subject | $275,000* List Price | 3 | 2 | 1,066 | $258 | - |
A 2952 E PONTIAC Drive Sold | $295,000 List Price | 3 | 2 | 1,467 | 0.7 mi | |
B 3017 E SIESTA Lane Sold | $299,900 List Price | 3 | 2 | 1,272 | 0.6 mi | |
C 3017 E SIESTA Lane Sold | $314,900 List Price | 3 | 2 | 1,272 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997 (27 years old), the property falls into the Fair category (>20y). While it features new carpeting and appears functional, the exterior siding, rusted storage shed, and older HVAC unit indicate the home is dated and will require minor repairs and modernization of the kitchen and baths.
The property sits on owned land with no HOA fees, offering homeowners significant financial freedom and fewer restrictions on property use or modifications.
Ideally situated near the Loop 101 and SR-51 freeways, providing rapid access to Desert Ridge Marketplace and major Phoenix shopping and dining hubs.
The large corner lot features two separate driveways accommodating up to four vehicles, providing ample space for guests or multiple drivers.
At 1,066 square feet for a three-bedroom configuration, the interior living areas and secondary bedrooms may feel constrained for larger households.
Built in 1997, the property may require upcoming investments in major systems such as the HVAC or roof, which are likely approaching the end of their typical lifecycles.
Welcome to this spacious 3 bed, 2 bath home situated on owned land with no HOA, set on a large corner lot. This home features a desirable split floorplan and a generously sized primary suite. new carpeting in the bedrooms and living room. Two separate driveways provide parking for up to 4 vehicles. Conveniently located near the 101 and 51 with quick access to shopping, dining and Desert Ridge Marketplace.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,066 | 1,962 | 1% |
| Lot Size | 6,736 | 6,162.5 | 55% |
| Price | $275.0K | $500.0K | 38% |
| Price per sq ft | $258 | $299 | 41% |
| Built year | 1997 | 1998 | 48% |
| HOA | $0 | $142 | 15% |
| Days on market | 42 | 1596 | 0% |
May 5, 2026
$275,000
Initial Listing