2930 E GRANADA Road, Phoenix, AZ 85008, Phoenix, 85008 - 2 bed, 1 bath
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Phoenix, AZ 85008
This Redevelopment Asset represents a High-Potential Investment Opportunity with a List Price of $325,000, positioned right at its $325,698 Fair Market Value. Marketed as a contractor special or teardown, the property carries a Condition Rating of 6, indicating the structure is currently unlivable. The existing 2-bedroom, 1-bathroom layout is undersized for modern demands, but the 7,525-square-foot lot includes a pool and patio, offering a significant footprint for a custom rebuild near Arcadia. This is a high-upside acquisition for Fix-and-Flip Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2930 E GRANADA Road Subject | $325,000* List Price | 2 | 1 | 1,312 | $248 | - |
A 2218 N 35TH Street Sold | $354,000 | 3 | 1 | 1,309 | $270 | 0.7 mi |
B 625 N 30TH Street Sold | $380,000 | 4 | 2 | 1,452 | $262 | 0.9 mi |
C 2612 N 31ST Street Sold | $384,000 | 3 | 2 | 1,518 | $253 | 0.6 mi |
D 2612 N 31ST Street Sold | $384,000 | 3 | 2 | 1,518 | $253 | 0.6 mi |
E 3322 E YALE Street Sold | $330,000 | 4 | 2 | 1,400 | $236 | 0.7 mi |
F 2231 N 28TH Street Active Under Contract | $299,990 List Price | 3 | 2 | 1,092 | $275 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is explicitly marketed as a teardown and contractor special. Built in 1955 with no evidence of major renovations in the last 50 years, the structure appears unlivable. Interior images show significant deterioration including peeling ceilings, missing or damaged flooring, and outdated wood paneling. The exterior features an abandoned pool and overgrown lot, suggesting the property's value is primarily in the land for redevelopment.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7525, living area = 1312.
Situated in a prime Central Phoenix pocket with quick access to the SR-51, Arcadia, and Downtown, providing high long-term land value and desirability.
The generous 7,525-square-foot lot on a quiet street offers ample space for a significant home expansion or a complete custom rebuild.
The property is a complete fixer-upper or teardown, requiring substantial capital investment and professional construction before it is habitable.
The current 2-bedroom, 1-bathroom configuration is undersized for modern market demands, necessitating a total reconfiguration of the interior space.
Prime Central Phoenix Opportunity! Generous lot on a quiet street. Unlock the potential this area has to offer. Complete fixer-upper, teardown, contractor special. Buyer to verify zoning, density, setbacks, and all other pertinent details. Super location close to the 51, Arcadia, Downtown Phx. Bring your imagination!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 12% |
| Baths | 1.0 | 2.0 | 21% |
| Square foot | 1,312 | 1,518 | 33% |
| Lot Size | 7,525 | 7,777.5 | 40% |
| Price | $325.0K | $380.0K | 39% |
| Price per sq ft | $248 | $251 | 48% |
| Built year | 1955 | 1954 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 1569 | 1% |
Mar 31, 2026
$325,000
Initial Listing