2929 E EBERLE Lane, Phoenix, AZ 85032, Phoenix, 85032 - 3 bed, 2 bath
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Phoenix, AZ 85032
This R3 Zoned Residential Asset represents a High-Potential Investment Opportunity. Listed at $399,900, the property is positioned well below the $662,598 Fair Market Value by 39%. This significant valuation gap provides $262,698 in Instant Equity for buyers. While currently holding a Fair Condition Rating, the 9,931-square-foot lot and R3 Zoning offer immense development potential for multi-family units. The dated infrastructure requires modernization, but the strategic Phoenix location ensures strong rental demand. This is a premier acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2929 E EBERLE Lane Subject | $399,900* List Price | 3 | 2 | 1,670 | $397 | - |
A 2936 E BECK Lane Sold | $319,900 | 3 | 2 | 1,280 | $250 | 0.1 mi |
B 16243 N 27TH Street Sold | $399,900 List Price | 3 | 2 | 1,488 | 0.5 mi | |
C 2526 E VISTA Drive Sold | $395,000 | 4 | 2 | 1,350 | $293 | 0.7 mi |
D 2642 E CLAIRE Drive Sold | $462,500 | 3 | 2 | 1,560 | $296 | 0.7 mi |
E 16243 N 27TH Street Sold | $360,000 List Price | 3 | 2 | 1,488 | 0.5 mi | |
F 15039 N 24TH Place Active Under Contract | $400,000 List Price | 3 | 3 | 1,638 | $244 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, the property is functional but significantly outdated, aligning with the 'fair' condition criteria. The bathroom features older laminate countertops and oak-style cabinetry, and the listing description explicitly notes 'dated infrastructure' and targets investors. While the home appears to have been maintained through regular upkeep, it requires cosmetic updates and likely system modernizations to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9931, living area = 1670.
The property features R3 zoning, providing a rare and valuable opportunity for investors to develop multi-family housing or high-density residential units.
Ideally situated in Phoenix with easy freeway access and close proximity to popular shopping and dining hubs, ensuring strong rental demand and resale appeal.
Built in 1971, the home likely requires updates to major systems and cosmetic finishes to meet modern buyer expectations and building codes.
The marketing focus on investors suggests the property may need significant immediate renovation or repair work before it is move-in ready for a traditional owner-occupant.
ATTENTION INVESTORS-R3 ZONING!!! Charming single family home. This home features a spacious kitchen, family room and bedrooms plus a nice fireplace in the master bedroom. Convenient location close to shopping and dining and easy freeway access
No exterior & parking available.
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 | 1,670 | 1,707 | 47% |
| Lot Size | 9,931 | 7,732 | 75% |
| Price | $399.9K | $450.0K | 39% |
| Price per sq ft | $239 | $288 | 38% |
| Built year | 1971 | 1979 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 1451 | 0% |
Mar 3, 2026
$399,900
Initial Listing