2722 E MARGUERITE Avenue, Phoenix, AZ 85040, Phoenix, 85040 - 3 bed, 2 bath
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Phoenix, AZ 85040
This Modern Move-In Ready Home is a Strong Value Opportunity, listed at $319,999—positioned well below the $337,887 Fair Market Value by 5%. This valuation gap provides $17,888 in Instant Equity for the incoming owner. Boasting a Condition Score of 3, the interior features stone countertops, wood-look flooring, and a functional layout. While local schools underperform, the No HOA status and 7,479 Sqft Lot with a patio offer significant utility near Downtown Phoenix and Sky Harbor. This is an ideal acquisition for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2722 E MARGUERITE Avenue Subject | $319,999* List Price | 3 | 2 | 1,402 | $241 | - |
A 2437 E TAMARISK Avenue Sold | $385,000 | 3 | 2 | 1,346 | $286 | 0.3 mi |
B 2905 E CHIPMAN Road Sold | $350,000 | 3 | 2 | 1,364 | $257 | 0.4 mi |
C 2949 E WIER Avenue Sold | $367,000 | 3 | 2 | 1,454 | $252 | 0.4 mi |
D 2949 E WIER Avenue Sold | $367,000 | 3 | 2 | 1,454 | $252 | 0.4 mi |
E 2949 E WIER Avenue Sold | $367,000 | 3 | 2 | 1,454 | $252 | 0.4 mi |
F 5024 S 20TH Street Sold | $325,000 | 3 | 2 | 1,668 | $195 | 1.0 mi |
G 2535 E Southgate Avenue Active | $335,000 List Price | 3 | 2 | 1,208 | $277 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several modern updates that elevate it above a 'fair' rating despite being 21 years old. The interior has been refreshed with contemporary wood-look laminate or vinyl plank flooring throughout and the kitchen has been updated with stone countertops and white cabinetry. While the exterior landscaping is currently neglected and requires maintenance, the core living areas are well-maintained with functional systems and no immediate need for interior renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7479, living area = 1402.
The property is ideally situated just minutes from Downtown Phoenix and Sky Harbor Airport, offering excellent accessibility for commuters and frequent travelers.
Built in 2003 and beautifully maintained, this home features a clean interior and functional layout, providing a turnkey solution for first-time buyers.
The local schools carry low performance ratings (2/10 and 3/10), which may impact the property's appeal to families prioritizing education.
While well-maintained, the interior lacks modern luxury upgrades or high-end finishes, which may require future capital investment to maximize market value.
Beautifully maintained 3-bedroom, 2-bath home in a prime South Phoenix location, just minutes from Downtown Phoenix and Sky Harbor Airport! Offering 1,400 sqft of move-in ready living space, this home features a clean interior, functional layout, and plenty of room to relax or entertain. Enjoy a spacious backyard with endless potential for outdoor living, pets, or future upgrades. A great opportunity for first-time buyers or anyone looking for value in a growing area.
No exterior & parking available.
Grades K-8 • 0.7 mi
Grades 9-12 • 2.3 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 | 1,402 | 1,454 | 47% |
| Lot Size | 7,479 | 6,003 | 82% |
| Price | $320.0K | $325.0K | 50% |
| Price per sq ft | $228 | $222 | 51% |
| Built year | 2003 | 2003 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 977 | 1% |
Apr 8, 2026
$319,999
Initial Listing