261 S CHIPPEWA Place, Chandler, AZ 85224, Chandler, 85224 - 3 bed, 2 bath
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Chandler, AZ 85224
This 3-Bedroom Single Family Residence presents a High-Potential Investment Opportunity, listed at $475,000—positioned well above the $401,249 Fair Market Value by 18%. While the property requires cosmetic updates due to its Condition Rating of 4, it features vaulted ceilings, a covered patio, and a functional layout. Located near Dr. Howard K. Conley Elementary, this home offers a stable entry point into the Chandler market. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 261 S CHIPPEWA Place Subject | $475,000* List Price | 3 | 2 | 1,283 | $313 | - |
A 1249 W OAKLAND Street Sold | $439,000 | 3 | 2 | 1,400 | $314 | 0.9 mi |
B 1587 W Kesler Lane Sold | $440,000 | 3 | 2 | 1,321 | $333 | 0.7 mi |
C 879 S LONGMORE Street Sold | $459,200 | 3 | 2 | 1,321 | $348 | 0.6 mi |
D 1663 W BOSTON Street Sold | $431,250 | 3 | 2 | 1,377 | $313 | 0.6 mi |
E 1557 W KESLER Lane Sold | $538,000 | 4 | 2 | 1,762 | $305 | 0.7 mi |
F 1200 W CHICAGO Street Active | $475,000 List Price | 3 | 2 | 1,377 | $345 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1992, this 32-year-old home is functional but dated. The kitchen retains original honey oak cabinets and fluorescent lighting, and the bathrooms show age-appropriate wear without recent major renovations. While the stainless steel appliances are a plus, the overall aesthetic and systems are nearing the end of their typical lifecycle, requiring cosmetic and minor mechanical updates.
The interior features vaulted ceilings and skylights that create an airy, open atmosphere, making the 1,283 square foot layout feel significantly more spacious and bright.
The property boasts a large backyard equipped with a covered patio and a storage shed, providing excellent space for outdoor relaxation, entertaining, and additional utility.
With a very low monthly HOA fee of $46 and durable wood-look flooring, this home offers an affordable and low-maintenance entry point into the desirable Chandler market.
The presence of honey oak cabinetry and fluorescent kitchen lighting indicates that the home may require cosmetic updates to meet modern aesthetic preferences.
At 1,283 square feet for a three-bedroom home, the individual room sizes and overall living space may feel restrictive for larger families or those requiring expansive interiors.
Fantastic opportunity! Don't miss this adorable 3-bedroom home featuring a 2-car garage. Come inside and fall in love with the inviting living room that flows seamlessly into the dining area. Vaulted ceilings add to the airy feel, enhanced by a blend of wood-look & tile flooring, skylights, ceiling fans, and custom palette. The kitchen provides stainless steel appliances, ample honey oak cabinets, fluorescent lighting, and a peninsula with a breakfast bar. Open the double doors to find the sizable primary bedroom, which includes plush carpet, a private bathroom with a glass step-in shower, and a walk-in closet. Finally, the large backyard with a covered patio and storage shed is the right spot to relax. Act now before it's gone! Hurry!
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades 6-8 • 2.0 mi
Grades 9-12 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,283 | - |
| Lot Size | 5,471 | - |
| Price | $475.0K | $527.5K |
| Price per sq ft | $370 | $302 |
| Built year | 1992 | 0 |
| HOA | $46 | $0 |
| Days on market | 78 | 2748 |
May 6, 2026
$475,000
Initial Listing