2739 W Montecito Avenue, Phoenix, AZ 85017, Phoenix, 85017 - 3 bed, 2 bath
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Phoenix, AZ 85017
This property presents a High-Potential Investment Opportunity with a List Price of $310,000. While the property is currently priced slightly above the $304,682 Fair Market Value, the inclusion of a Detached Studio Casita provides significant value-add potential for rental income. With a Condition Rating of 5, the home requires a full interior rehab, making it a prime candidate for forced appreciation. This asset is ideal for Fix-and-Flip Investors or Buy-and-Hold Investors seeking a project with no HOA restrictions.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2739 W Montecito Avenue Subject | $289,900* List Price | 3 | 2 | 1,785 | $164 | - |
A 3024 W MARIPOSA Street Sold | $299,000 | 3 | 2 | 1,670 | $179 | 0.7 mi |
B 4128 N 29TH Avenue Sold | $295,000 | 3 | 2 | 1,431 | $206 | 0.3 mi |
C 4128 N 29TH Avenue Sold | $295,000 | 3 | 2 | 1,431 | $206 | 0.3 mi |
D 4426 N 34TH Drive Sold | $269,800 | 3 | 2 | 1,847 | $146 | 0.9 mi |
E 4206 N 30TH Drive Sold | $250,000 List Price | 4 | 2 | 1,515 | 0.4 mi | |
F 3024 W MARIPOSA Street Sold | $299,000 | 5 | 2 | 1,670 | $179 | 0.7 mi |
G 4426 N 34TH Drive Sold | $269,800 | 3 | 2 | 1,847 | $146 | 0.9 mi |
H 2621 W MARIPOSA Street Sold | $239,000 | 3 | 2 | 1,319 | $181 | 0.7 mi |
I 2841 W Campbell Avenue Active | $270,777 List Price | 3 | 2 | 1,749 | $155 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1951 and marketed as a 'flip opportunity,' the home is over 70 years old with no evidence of recent renovations. Interior photos show dated/damaged VCT flooring, aged systems including an exposed water heater, and a kitchen/utility area requiring a full rehab.
The property includes a detached studio casita in the backyard, offering significant value for rental income potential or multi-generational living arrangements.
Marketed as a 'diamond in the rough' for flippers and investors, the property provides a strong foundation for equity growth through modernization and renovation.
With an association fee of $0, owners benefit from lower monthly carrying costs and the freedom to use the property without the constraints of a homeowner association.
The home is sold in as-is condition and requires substantial updating, which may pose challenges for traditional financing and require significant upfront capital.
The local elementary, middle, and high schools all have a rating of 3, which may be a concern for families prioritizing high-performing educational environments.
Great Investor / Flip / Rental Opportunity! This Phoenix home is a true diamond in the rough. In need of updating, ready for a new owner to make their own. Casita in the backyard is studio layout. 3 bedrooms/2 bath in the main house. Home is sold in AS-IS condition. Buyer to verify all information.
No exterior & parking available.
Grades K-3 • 0.6 mi
Grades 4-8 • 0.5 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,785 | - |
| Lot Size | 6,207 | - |
| Price | $289.9K | $495.4K |
| Price per sq ft | $162 | $290 |
| Built year | 1951 | 0 |
| HOA | $0 | $0 |
| Days on market | 72 | 1260 |
Jun 18, 2026
$289,900
$310,000
-6% Price Drop
Initial Listing
May 12, 2026
$310,000
Initial Listing