
Phoenix, AZ 85017
This Stock Cooperative is a Strong Value Opportunity, listed at $84,000—positioned above the $77,570 Fair Market Value. While priced slightly above market, the property features a Condition Rating of 4, benefiting from a newer AC system, energy-efficient windows, and a Pool View. Its strategic location just 2 miles from GCU and 12 minutes from Downtown Phoenix ensures high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable, well-maintained entry point into the Phoenix market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2549 W ROSE Lane A213 Subject | $81,000* List Price | 2 | 1 | 744 | $101 | - |
A 2557 W ROSE Lane 204 Active | $65,000 List Price | 1 | 1 | 800 | $81 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1963, is in a well-maintained but dated condition. While it benefits from significant mechanical and efficiency upgrades—such as a newer AC system (2020), energy-efficient windows (2020), and a 2011 shower renovation—the overall interior aesthetic remains aged. The kitchen features older oak-style cabinetry and laminate countertops, and the presence of wallpaper, popcorn ceilings, and exposed electrical chains for fixtures indicates a need for cosmetic modernization to meet current market standards.
Situated just 2 miles from Grand Canyon University and 12 minutes from Downtown Phoenix with easy I-17 access, this property is ideally positioned for students and commuters.
The unit features significant upgrades including a newer AC system (approx. 4 years old) and energy-efficient double-pane Low-E windows installed in 2020, offering improved comfort and lower utility costs.
With a list price under $90,000, this property provides a rare, low-cost entry point into the Phoenix market for owner-occupants seeking a well-maintained community.
As a stock cooperative, the purchase may require specific financing or cash, and the board approval process can be more restrictive than traditional condominium ownership.
The reliance on on-site coin-operated laundry facilities rather than in-unit hookups may be a convenience drawback for modern buyers.
Located just 2 miles from GCU, 12 minutes to Downtown Phoenix, and with quick access to I 17 for easy commuting. Affordable living in a well maintained co operative community with excellent access to Downtown Phoenix and Grand Canyon University. This owner occupied unit offers convenient access to the community pool and on site coin laundry, making everyday living simple and comfortable. The property includes one covered parking space. Several key upgrades have already been completed for added comfort and efficiency including a hot water tank replaced in 2016, an AC system that is approximately four years old, a shower renovation completed in 2011, and energy efficient double pane Low E windows installed in 2020. POOL view.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 744 | - |
| Lot Size | - | - |
| Price | $81.0K | $75.0K |
| Price per sq ft | $109 | $58 |
| Built year | 1963 | 0 |
| HOA | $297 | $0 |
| Days on market | 134 | 131 |
Jun 6, 2026
$81,000
$84,000
-4% Price Drop
Initial Listing
May 8, 2026
$84,000
$89,900
-7% Price Drop
Initial Listing
Mar 11, 2026
$89,900
Initial Listing