2843 W GRANADA Road, Phoenix, AZ 85009, Phoenix, 85009 - 3 bed, 1 bath
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Phoenix, AZ 85009
This Well-Maintained Single-Family Residence represents a High-Potential Investment Opportunity, with a List Price of $265,000 positioned well below the $308,144 Fair Market Value by 14%. This valuation gap provides $43,144 in Instant Equity. Featuring a Granite Kitchen, Durable Tile Flooring, and a Large 7,440 Sqft Lot, the home holds a Fair Condition Rating with move-in ready updates. While the 3-bed, 1-bath layout and dated cabinetry offer room for forced appreciation, the Expansive Backyard with Patio enhances lifestyle utility. This property is ideal for First-Time Homebuyers or Buy-and-Hold Investors seeking a stable asset with immediate upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2843 W GRANADA Road Subject | $265,000* List Price | 3 | 1 | 1,077 | $286 | - |
A 2804 W CORONADO Road Sold | $237,000 | 3 | 1 | 1,181 | $201 | 0.1 mi |
B 2817 W PALM Lane Sold | $225,000 | 3 | 2 | 1,259 | $179 | 0.1 mi |
C 3513 W Granada Road Sold | $338,000 | 3 | 1 | 1,104 | $306 | 0.8 mi |
D 3145 W CYPRESS Street Sold | $340,000 | 4 | 2 | 1,145 | $297 | 0.5 mi |
E 3319 W WINDSOR Avenue Sold | $258,000 | 3 | 2 | 1,374 | $188 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, the property is well-maintained and move-in ready with some notable updates including granite countertops and durable tile flooring throughout. However, the overall aesthetic remains dated, featuring older-style cabinetry, basic light fixtures, and a simple exterior, which aligns with the 'fair' criteria for an aged home maintained through regular upkeep rather than a full modern renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7440, living area = 1077.
The kitchen is equipped with modern granite countertops and a gas range, offering a high-end feel and functional workspace that exceeds typical expectations for this vintage.
The property sits on a sizeable 7,440 sqft fully fenced lot, featuring an expansive backyard with a patio and a storage shed, providing ample space for outdoor living and organization.
With three bedrooms but only one bathroom, the property may face functional challenges for larger families and could see limited appreciation compared to 3/2 configurations.
The assigned middle and high schools carry low ratings of 2 and 3 respectively, which may deter families prioritizing educational performance and impact long-term resale value.
A charming 3 bed, 1 bath property in Franklin Village is now for sale! Fully fenced w/a sizeable front yard, this is sure to be the home for you! Inside you will find a large dining & living area w/durable tile flooring and custom palette throughout. The kitchen comes equipped w/ample cabinetry, granite counters, and a gas range for all your cooking needs. Cozy bedrooms promise you and your loved ones a good night's sleep! Also including an expansive backyard w/a patio and a convenient storage shed, this home is a true gem! Act now before it's gone!
No exterior & parking available.
Grades 6-8 • 0.7 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 1,077 | 1,260.5 | 29% |
| Lot Size | 7,440 | 6,410 | 74% |
| Price | $265.0K | $245.8K | 58% |
| Price per sq ft | $246 | $192 | 66% |
| Built year | 1953 | 1953 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 66 | 1215 | 1% |
Feb 19, 2026
$265,000
Initial Listing