3043 E CYPRESS Street, Phoenix, AZ 85008, Phoenix, 85008 - 4 bed, 2 bath
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Phoenix, AZ 85008
This Value-Add Residential Asset is listed at $429,000, positioned well below the $435,930 Fair Market Value by 1%. This gap offers $6,930 in Instant Equity for buyers prepared to address its Condition Rating of 4. The property features an Owned Solar System and a Private Pool on a generous lot with no HOA. Located near Creighton Elementary and Camelback High, the home offers significant ROI potential through strategic renovations. This is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants looking to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3043 E CYPRESS Street Subject | $429,000* List Price | 4 | 2 | 1,598 | $273 | - |
A 2218 N 35TH Street Sold | $354,000 | 3 | 1 | 1,309 | $270 | 0.5 mi |
B 2218 N 35TH Street Sold | $354,000 | 3 | 1 | 1,309 | $270 | 0.5 mi |
C 3322 E YALE Street Sold | $330,000 | 4 | 2 | 1,400 | $236 | 0.4 mi |
D 3311 E HARVARD Street Active | $429,999 List Price | 4 | 3 | 1,562 | $275 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1946 and features kitchen and bathroom renovations that appear to be approximately 15-20 years old (granite counters, stainless appliances, and tile work). While functional, the listing explicitly describes the home as a 'diamond in the rough' requiring 'TLC' and 'vision,' indicating it is dated and needs cosmetic updates and minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7732, living area = 1598.
The property features a fully owned solar system, providing significant long-term utility savings and energy efficiency in the Phoenix climate.
Includes a private swimming pool on a generous 7,732 sqft lot, offering a premium feature for entertainment and relaxation that adds strong market appeal.
Described as a 'diamond in the rough' needing TLC, the home requires immediate capital investment to address cosmetic and functional updates.
Built in 1946, the property may have underlying maintenance needs typical of older homes, such as dated plumbing, electrical, or structural components.
Welcome to this 4-bedroom, 2-bath home located in a highly sought-after neighborhood with OWNED SOLAR. Featuring a private pool. with a spacious layout, this property offers a fantastic opportunity for buyers looking to add their personal touch. This home with a little vision and TLC, has incredible potential to shine. Generous living areas, a functional floor plan, and a desirable location Don't miss your chance to transform this diamond in the rough into your dream home!
No exterior & parking available.
Grades K-8 • 0.4 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 76% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,598 | 1,526 | 56% |
| Lot Size | 7,732 | 7,732 | 50% |
| Price | $429.0K | $382.5K | 58% |
| Price per sq ft | $268 | $261 | 60% |
| Built year | 1946 | 1954 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 1554 | 1% |
Apr 29, 2026
$429,000
Initial Listing