2642 W ELM Street, Phoenix, AZ 85017, Phoenix, 85017 - 3 bed, 3 bath
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Phoenix, AZ 85017
This Prime Investment Opportunity is a 3-bedroom townhouse listed at $235,000, positioned well below the $242,333 Fair Market Value by 3%. This valuation gap provides $7,333 in Instant Equity for the buyer. With a Condition Rating of 4, the property features a spacious 1,450 sqft floor plan and includes brand-new appliances, mitigating initial move-in costs. While the 1972 build date suggests potential for future system updates, the competitive entry price makes this an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2642 W ELM Street Subject | $235,000* List Price | 3 | 3 | 1,450 | $167 | - |
A 2645 W ELM Street Sold | $215,000 | 3 | 2 | 1,298 | $166 | 0.0 mi |
B 2607 W COOLIDGE Street Active | $239,990 List Price | 3 | 2 | 1,196 | $201 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, the property is over 50 years old. While the description notes it is 'nicely appointed' with 'new appliances to be installed,' the age suggests dated core systems (HVAC/Electric) and likely requires minor cosmetic updates to meet modern standards.
Priced at $235,000 for a 3-bedroom layout, this property offers a highly competitive entry point into the Phoenix real estate market, ideal for first-time buyers or investors.
The inclusion of brand-new appliances to be installed provides immediate value and reduces the initial move-in costs for the new homeowner.
With 1,450 square feet of living space, the townhouse offers a generous footprint for its price point, providing more room for families or home office needs compared to similar listings.
Built in 1972, the property may require more frequent maintenance or future capital improvements to aging systems and infrastructure common in homes of this era.
The $278 monthly association fee adds a significant recurring expense that buyers must factor into their monthly budget and overall debt-to-income calculations.
3 bedroom 2.5 bath, nicely appointed, new appliances to be installed.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,450 | - |
| Lot Size | 2,165 | - |
| Price | $235.0K | $341.8K |
| Price per sq ft | $162 | $259 |
| Built year | 1972 | 0 |
| HOA | $278 | $0 |
| Days on market | 56 | 1211 |
May 28, 2026
$235,000
Initial Listing