3131 W COCHISE Drive 257, Phoenix, AZ 85051, Phoenix, 85051 - 1 bed, 1 bath
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Phoenix, AZ 85051
This Modernized Turnkey Condominium is a Strong Value Opportunity, listed at $140,000—positioned well below the $150,906 Fair Market Value by 7%. This valuation gap provides $10,906 in Instant Equity. Featuring a Condition Rating of 3, the interior boasts wood-look flooring and a renovated galley kitchen with solid-surface counters. Residents enjoy a community pool and spa and proximity to top-rated schools like Lakeview Elementary and Cortez High. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3131 W COCHISE Drive 257 Subject | $140,000* List Price | 1 | 1 | 728 | $207 | - |
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 |
D 3131 W COCHISE Drive 269 Sold | $131,500 | 2 | 1 | 969 | $136 | 0.0 mi |
E 3131 W COCHISE Drive 157 Active | $145,000 List Price | 1 | 1 | 728 | $199 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1981, the property has been updated with modern wood-look flooring and a renovated galley kitchen featuring solid-surface counters and tile backsplashes. The interior appears well-maintained, clean, and move-in ready, fitting the criteria for a 5-15 year renovation cycle.
Listed at $140,000, this property offers an exceptionally affordable entry point into the Phoenix real estate market, making it highly attractive for first-time buyers and budget-conscious investors.
The unit features contemporary wood-look flooring, solid-surface countertops, and a tile backsplash, providing a move-in-ready aesthetic that minimizes immediate renovation costs.
Residents have access to a community pool and spa, which adds significant lifestyle value and enhances the property's appeal in the Phoenix climate.
Built in 1981, the property may require more frequent maintenance or future capital improvements to aging building systems compared to newer developments.
With only 728 square feet and a single bedroom, the compact layout may limit the potential buyer pool to individuals or couples and offers restricted storage options.
This lovely apartment is the one for you! Discover all the charm of the sizable living spaces ready to bring you joy, featuring wood-look flooring, abundant natural light, and a neutral palette throughout. The galley-style kitchen boasts ample cabinetry, tile backsplash, solid-surface counters, and built-in appliances for a seamless cooking experience. This gem features 1 bedroom and 1 bathroom, making it ideal for those looking for comfortable and easy-maintenance living. The balcony is the perfect spot for morning coffee and peaceful evenings. Don't forget to visit the community's pool and spa for a refreshing time! Welcome home!
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 | 80 | 966 | 8% |
| Price | $140.0K | $131.5K | 62% |
| Price per sq ft | $192 | $158 | 69% |
| Built year | 1981 | 1981 | 50% |
| HOA | $272 | $258 | 69% |
| Days on market | 9 | 1424 | 8% |
Apr 16, 2026
$140,000
Initial Listing