2932 W TOWNLEY Avenue, Phoenix, AZ 85051, Phoenix, 85051 - 3 bed, 2 bath
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Phoenix, AZ 85051
This Updated Ranch-Style Home represents a High-Potential Investment Opportunity, listed at $368,000—positioned well below the $420,898 Fair Market Value by 12%. This valuation gap secures $52,898 in Instant Equity for the incoming buyer. While maintaining a Condition Rating of 4, the property features a Modernized Granite Kitchen and a resort-style backyard with a Private Pool and Spa. With No HOA and a detached garage, it balances immediate lifestyle perks with significant appreciation potential. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2932 W TOWNLEY Avenue Subject | $368,000* List Price | 3 | 2 | 1,180 | $357 | - |
A 3018 W LAWRENCE Lane Sold | $315,000 | 3 | 2 | 1,176 | $268 | 0.1 mi |
B 3018 W LAWRENCE Lane Sold | $315,000 | 3 | 2 | 1,176 | $268 | 0.1 mi |
C 2917 W DIANA Avenue Sold | $326,000 | 3 | 2 | 1,176 | $277 | 0.2 mi |
D 8749 N 30TH Avenue Sold | $259,000 | 3 | 2 | 1,180 | $219 | 0.1 mi |
E 2726 W BUTLER Drive Sold | $321,000 | 3 | 2 | 1,176 | $273 | 0.4 mi |
F 2720 W RUTH Avenue Sold | $320,000 | 3 | 2 | 1,180 | $271 | 0.3 mi |
G 2726 W RUTH Avenue Active | $352,000 List Price | 3 | 2 | 1,180 | $298 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1955, has received some cosmetic updates including granite countertops in the kitchen and wood-look flooring in the main living areas. However, it remains largely dated, particularly in the bathrooms which feature older vanities and fixtures. The exterior shows signs of age with a dirt-heavy yard and older roof-mounted HVAC systems. It is functional and maintained but requires further modernization to reach a 'good' or 'excellent' standard.
The backyard is a standout feature, boasting a private pool, spa, fire pit, and covered patio, offering a complete resort-style experience in the heart of Phoenix.
The absence of a Homeowners Association provides owners with significant financial savings and the freedom to personalize the property without restrictive community rules.
The kitchen has been tastefully updated with granite countertops, white cabinetry, and a functional peninsula, creating a contemporary and inviting space for cooking.
Originally built in 1955, the property may necessitate more frequent maintenance or potential upgrades to older mechanical and structural systems compared to newer builds.
With only 1,180 square feet distributed across three bedrooms, the individual room sizes and overall living space are relatively compact.
Welcome to this charming 3-bedroom, 2-bath home with no HOA! Discover an inviting living room with a soothing palette, blinds, and stylish wood-look flooring for a timeless appeal. The well-appointed kitchen comes with granite counters, crisp white cabinetry, essential built-in appliances, contemporary track lighting, and a peninsula with a breakfast bar for casual dining. The main bedroom offers soft carpeting and a private bathroom for added comfort. Imagine peaceful afternoons in the sizeable backyard, complete with a covered patio, a detached garage for secure parking and storage, pavers, a warm fire pit for starlit evenings, and a refreshing pool and spa for ultimate relaxation. Don't miss your chance to own this lovely gem!
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 | 1,180 | 1,620 | 14% |
| Lot Size | 6,163 | 7,662 | 10% |
| Price | $368.0K | $350.0K | 64% |
| Price per sq ft | $312 | $219 | 95% |
| Built year | 1955 | 1967 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 73 | 350 | 2% |
Feb 12, 2026
$368,000
Initial Listing