2822 E CORTEZ Street, Phoenix, AZ 85028, Phoenix, 85028 - 3 bed, 2 bath
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Phoenix, AZ 85028
This Solid Block Value-Add Residence is listed at $565,000, representing a stable entry point near its $550,131 Fair Market Value. Boasting a Condition Rating of 4, the home provides a strong structural foundation with a newer roof and updated kitchen, while remaining ready for interior cosmetic personalization. The expansive 9,444 sqft lot includes a patio and putting green, situated within a prime corridor near Shadow Mountain High School. This property offers a clear path to forced appreciation for Owner-Occupants or Buy-and-Hold Investors seeking long-term upside in Phoenix.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2822 E CORTEZ Street Subject | $565,000* List Price | 3 | 2 | 1,978 | $278 | - |
A 2836 E YUCCA Street Sold | $535,000 | 3 | 2 | 1,611 | $332 | 0.2 mi |
B 3019 E SIERRA Street Sold | $632,000 | 4 | 2 | 1,960 | $322 | 0.2 mi |
C 11221 N 32ND Street Sold | $560,000 | 3 | 2 | 1,736 | $323 | 0.5 mi |
D 2324 E CORTEZ Street Sold | $585,000 | 3 | 2 | 2,147 | $272 | 0.6 mi |
E 3010 E CORTEZ Street Sold | $620,000 | 4 | 2 | 1,972 | $314 | 0.2 mi |
F 2532 E SAHUARO Drive Sold | $487,500 | 3 | 2 | 2,040 | $239 | 0.6 mi |
G 2808 E LUPINE Avenue E Pending | $635,000 List Price | 3 | 2 | 1,960 | $324 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1970 (50+ years old) and, while it features a newer roof and an updated kitchen, the listing explicitly states it is 'ready for new owners updates.' Interior photos show dated finishes such as wood paneling and older carpeting, and the filled-in pool represents a loss of original utility that may require significant investment to restore.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9444, living area = 1978.
Ideally situated in the Melrose Paradise community with convenient access to Highway 51, shopping, and parks, plus all three levels of schooling within a half-mile radius.
The home features durable block construction, a newer roof, and a recently updated kitchen, providing a solid foundation and reducing immediate maintenance costs.
While the kitchen is updated, the 1970s interior is noted as being ready for further updates, indicating a need for additional investment to modernize the remaining living spaces.
The original pool has been filled in and converted to a putting green; restoring it to a functional swimming facility would require substantial excavation and renovation costs.
Great location close to schools, parks, shopping and hwy 51. Solid built block constructed home with updated kitchen. Newer roof, excellent floor plan, generous size rooms with lots of storage. Ready for new owners updates. Pool was filled in and made into putting green. Can be made new again.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,978 | - |
| Lot Size | 9,444 | - |
| Price | $565.0K | $495.4K |
| Price per sq ft | $286 | $290 |
| Built year | 1970 | 0 |
| HOA | $0 | $0 |
| Days on market | 96 | 1260 |
Apr 17, 2026
$565,000
Initial Listing