3131 W COCHISE Drive 157, Phoenix, AZ 85051, Phoenix, 85051 - 1 bed, 1 bath
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Phoenix, AZ 85051
This Functional Condominium is listed at $145,000, offering exceptional price stability at its $145,000 Fair Market Value. Boasting a Condition Rating of 4, the residence features a significant mechanical upgrade with a 2022 chiller unit and includes a private patio for outdoor living. The property is ideally situated for commuters near the I-17 and serves families well with proximity to Lakeview Elementary and Cortez High School. This well-maintained asset balances a low entry price with consistent rental appeal, making it a strategic choice for Buy-and-Hold Investors or first-time buyers seeking a central Phoenix residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3131 W COCHISE Drive 157 Subject | $145,000* List Price | 1 | 1 | 728 | $199 | - |
A 3131 W COCHISE Drive 259 Sold | $155,000 | 2 | 1 | 744 | $208 | 0.0 mi |
B 3131 W COCHISE Drive 259 Sold | $155,000 | 2 | 1 | 744 | $208 | 0.0 mi |
C 3131 W COCHISE Drive 144 Sold | $119,995 | 1 | 1 | 760 | $158 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981, this condo is functional and move-in ready but shows a mix of original and partially updated elements. The kitchen features a modern tile backsplash and relatively recent appliances, though the painted cabinetry shows visible wear and the fluorescent box lighting is dated. The bathroom has been refreshed with a modern shaker-style vanity and updated light fixture. While the 2022 chiller unit is a significant mechanical upgrade, the aged carpeting and overall interior finishes align with the 'fair' condition rating for a well-maintained but older property.
The property is strategically located near the I-17 freeway, offering residents quick and convenient access to major shopping centers, restaurants, and employment hubs across Phoenix.
A new chiller unit was installed in 2022, providing a significant value-add that ensures reliable cooling and reduces immediate capital expenditure concerns for the buyer.
The unit features a spacious primary bedroom with a large walk-in closet and dual patio access from both the living area and bedroom, maximizing the utility of the 728 square foot floor plan.
Built in 1981, the property may require cosmetic modernizations or updates to interior finishes to meet contemporary buyer expectations and aesthetic standards.
The $277 monthly association fee represents a significant recurring expense relative to the $145,000 list price, which may impact overall affordability for budget-conscious buyers.
Great opportunity for a condo in Phoenix! Quick access to the I-17 freeway making it convenient to get to all different parts of town. Close to shopping, restaurants entertainment and more. Primary bedroom is spacious including a large walk-in closet. The community features a community pool for your enjoyment. A new chiller unit was installed in 2022. Patio access from master bedroom and living area. One car covered parking carport. Do not miss this!
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 23% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 728 | 924 | 8% |
| Lot Size | 809 | 966 | 38% |
| Price | $145.0K | $131.5K | 62% |
| Price per sq ft | $199 | $158 | 69% |
| Built year | 1981 | 1981 | 50% |
| HOA | $277 | $258 | 69% |
| Days on market | 101 | 1425 | 8% |
Jan 15, 2026
$145,000
Initial Listing