2606 W GELDING Drive, Phoenix, AZ 85023, Phoenix, 85023 - 3 bed, 2 bath
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Phoenix, AZ 85023
This Modernized Value-Add Residence is a Prime Investment Opportunity, listed at $424,900—positioned well below the $483,580 Fair Market Value by 12%. This valuation gap offers $58,680 in Instant Equity for the incoming buyer. Boasting a Modernized Condition Rating, the home features a Private Pool, Solar Panels, and a versatile den. Located near the 8-rated Thunderbird High School, it balances lifestyle luxury with significant financial upside. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2606 W GELDING Drive Subject | $424,900* List Price | 3 | 2 | 1,796 | $269 | - |
A 2353 W TIERRA BUENA Lane Sold | $473,000 | 4 | 2 | 1,752 | $270 | 0.9 mi |
B 15424 N 22ND Lane Sold | $445,000 | 3 | 2 | 1,507 | $295 | 0.8 mi |
C 2248 W BETTY ELYSE Lane Sold | $424,000 | 3 | 2 | 1,510 | $281 | 0.9 mi |
D 2443 W CROCUS Drive Pending | $549,900 List Price | 3 | 2 | 1,912 | $288 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation that brings it up to modern standards. Key features include updated laminate flooring throughout, a modernized kitchen with dark cabinetry, stone countertops, and stainless steel appliances, as well as updated recessed lighting and contemporary fixtures. The addition of solar panels and a well-maintained pool area further justify the top-tier condition rating despite the original 1982 build date.
The property features an exceptional backyard retreat complete with a sparkling pool, a charming cabana, and a scenic walking path, offering a resort-style experience rarely found at this price point.
The inclusion of solar panels is a significant value-add for the Phoenix market, providing homeowners with substantial savings on utility costs and enhanced energy independence.
With updated laminate flooring and a dedicated den, the 1,796 sqft floor plan offers both contemporary aesthetic appeal and the flexibility needed for a home office or guest suite.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1796, other record living area = 1346.
Built in 1982, the home may require more frequent maintenance or future capital expenditures for aging infrastructure and major systems compared to newer builds.
While the high school is highly rated at an 8, the local elementary and middle schools carry average ratings of 5, which may be a drawback for education-focused families with younger children.
Beautifully updated, full of charm, and packed with extras - this is the one you've been waiting for! This 3-bed, 2-bath home with a den offers 1,796 sqft of living space. You'll love the modern laminate flooring and unique pocket doors with frosted windows that add both character and versatility. A cozy front-mounted electric fireplace creates a warm focal point in the living area. The flexible den is ideal for a home office, guest space, or additional lounge area. Step outside to your own private retreat featuring a sparkling pool, charming cabana, and a scenic walking path. A storage shed adds extra convenience, while solar helps keep energy costs in check. All of this sits on a generously sized lot with convenient access to I-17 for easy commuting!
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades 7-8 • 2.3 mi
Grades 9-12 • 1.1 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 | 1,796 | 1,843 | 48% |
| Lot Size | 6,322 | 7,820 | 31% |
| Price | $424.9K | $358.5K | 63% |
| Price per sq ft | $237 | $220 | 58% |
| Built year | 1982 | 1982 | 50% |
| HOA | $55 | $0 | 66% |
| Days on market | 10 | 1823 | 0% |
Apr 15, 2026
$424,900
Initial Listing