3027 W LUKE Avenue, Phoenix, AZ 85017, Phoenix, 85017 - 4 bed, 2 bath
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Phoenix, AZ 85017
This 4-bedroom, 2-bathroom Single Family Residence is a High-Potential Investment Opportunity, listed at $325,000—positioned well below the $341,217 Fair Market Value by 4%. This valuation gap offers $16,217 in Instant Equity. With a Condition Rating of 3, the home features a 2-year-old HVAC system and updated kitchen, minimizing immediate capital expenditure. Its proximity to Grand Canyon University ensures strong rental demand. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a functional, move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3027 W LUKE Avenue Subject | $325,000* List Price | 4 | 2 | 1,491 | $229 | - |
A 3118 W MISSOURI Avenue Sold | $395,000 | 4 | 2 | 1,414 | $279 | 0.1 mi |
B 3118 W MISSOURI Avenue Sold | $395,000 | 4 | 3 | 1,414 | $279 | 0.1 mi |
C 2749 W SAN JUAN Avenue Sold | $349,999 | 4 | 2 | 1,573 | $223 | 0.3 mi |
D 3117 W BETHANY HOME Road Sold | $320,000 | 3 | 2 | 1,528 | $209 | 0.4 mi |
E 6030 N 32ND Avenue Sold | $343,000 | 3 | 2 | 1,414 | $243 | 0.6 mi |
F 3024 W MARIPOSA Street Sold | $299,000 | 5 | 2 | 1,670 | $179 | 0.6 mi |
G 3107 W MONTEBELLO Avenue Active | $365,000 List Price | 5 | 2 | 1,680 | $217 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1952, the property has been well-maintained and updated. The kitchen features newer cabinets and stainless steel appliances, the HVAC system is only 2 years old, and the bathrooms show signs of a mid-range renovation. The home is move-in ready and functional.
The property is ideally situated near Grand Canyon University and major transportation hubs, offering high potential for rental demand or an efficient commute for professionals.
Featuring a two-year-old A/C system and an updated kitchen with modern cabinets and stainless steel appliances, the home offers reduced immediate maintenance concerns.
The fully fenced backyard includes a covered pergola, dual storage sheds, and convenient alley access, providing a versatile and private space for recreation and storage.
Built in 1952, the property may require ongoing maintenance or future updates to aging systems typical of a home that is over 70 years old.
Several assigned schools in the immediate vicinity carry lower performance ratings, which may be a consideration for families prioritizing educational district quality.
This 4-bedroom, 2-bathroom home is located in the Maryvale Park 2 neighborhood. The interior features a cozy living room and dining room creating a warm and inviting atmosphere. The kitchen has updated cabinets and countertops and stainless steel gas range offering a modern touch to the home's functional layout. The primary bedroom includes its own private bathroom for added convenience. Outside, you will find a fully fenced-in backyard with alley access, two storage sheds and a covered pergola providing a private outdoor space for relaxation or activities. The a/c is two years new. This property is ideally situated with convenient access to Grand Canyon University, major local employers and regional transportation hubs, making for an efficient daily commute. Take a look today!
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades K-2 • 1.4 mi
Grades PK-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,491 | 1,448 | 51% |
| Lot Size | 6,560 | 6,739 | 34% |
| Price | $325.0K | $299.0K | 58% |
| Price per sq ft | $218 | $201 | 63% |
| Built year | 1952 | 1954 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 691 | 2% |
May 22, 2026
$325,000
Initial Listing