2844 E WALTANN Lane 4, Phoenix, AZ 85032, Phoenix, 85032 - 3 bed, 2 bath
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Phoenix, AZ 85032
This Remodeled 3-Bedroom Townhouse is a Prime Investment Opportunity, listed at $275,000—positioned well below the $287,897 Fair Market Value by 4%. This valuation gap offers $12,897 in Instant Equity. Boasting an Excellent Condition Rating following a 2020 overhaul of the roof, AC, and kitchen, the property includes a private patio and artificial turf. Its FHA-eligible status and proximity to the 51 freeway and Desert Ridge ensure high market demand. This turnkey asset is a premier choice for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2844 E WALTANN Lane 4 Subject | $282,500* List Price | 3 | 2 | 1,110 | $256 | - |
A 2437 E TRACY Lane 4 Sold | $245,000 | 3 | 2 | 992 | $247 | 0.5 mi |
B 2437 E TRACY Lane 4 Sold | $245,000 | 3 | 2 | 992 | $247 | 0.5 mi |
C 2437 E TRACY Lane 4 Sold | $245,000 | 3 | 2 | 992 | $247 | 0.5 mi |
D 15801 N 29TH Street 17 Sold | $235,000 List Price | 2 | 2 | 1,121 | 0.1 mi | |
E 2828 E WALTANN Lane 1 Sold | $250,000 | 2 | 2 | 870 | $287 | 0.1 mi |
F 15655 N 29TH Street Sold | $230,000 | 4 | 2 | 1,119 | $206 | 0.1 mi |
G 16041 N 31ST Street 12 Active | $295,000 List Price | 2 | 1 | 960 | $307 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property qualifies for an excellent rating as it underwent an extensive, top-to-bottom renovation in 2020, which is within the 5-year threshold. The remodel included major high-value systems such as a new roof and AC, along with a complete interior overhaul featuring modern wood-look flooring, updated kitchen and bathrooms, new appliances, and contemporary fixtures. The property shows no signs of deferred maintenance and meets current market quality standards.
The property underwent an extensive renovation in 2020, including high-ticket items like a new roof, AC, kitchen, and flooring, significantly reducing immediate capital expenditure for the buyer.
Unlike many similar units, this property is classified as a townhome, making it eligible for FHA financing and broadening the pool of potential first-time homebuyers.
The home offers excellent accessibility via the 51 freeway, providing a quick commute to major retail and employment hubs such as Desert Ridge, Kierland, and downtown Phoenix.
The assigned public schools have ratings ranging from 2 to 4, which may be a deterrent for families prioritizing education and could impact future appreciation.
While the unit interior is updated, the 1984 construction year implies that the broader community infrastructure and common elements may face age-related maintenance issues.
Welcome to this completely remodeled 3 bedroom 2 bathroom townhome. Updates include new ROOF, AC, kitchen, baths, flooring, ceiling fans, appliances, window coverings, interior paint, back fence, artificial turf and more in 2020. Single story unit includes 2 parking spaces just steps from back gate, a private backyard, attached storage with washer/dryer, and the community pool a short walk away. Convenient access to the 51 freeway offers a quick drive to downtown, Desert Ridge, Kierland, PV Mall, Costco, and more. Complex is classified as a townhome so FHA financing is available. Come see it for yourself.
No exterior & parking available.
Grades 4-6 • 0.2 mi
Grades PK-3 • 0.2 mi
Grades 7-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 74% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,110 | 1,134 | 45% |
| Lot Size | 1,758 | 754 | 78% |
| Price | $282.5K | $250.0K | 69% |
| Price per sq ft | $255 | $232 | 57% |
| Built year | 1984 | 1987 | 34% |
| HOA | $275 | $213 | 78% |
| Days on market | 30 | 1685 | 2% |
Apr 19, 2026
$282,500
$275,000
+3% Price Increase
Initial Listing
Mar 27, 2026
$275,000
Initial Listing