3204 W Loma Lane 2, Phoenix, AZ 85051, Phoenix, 85051 - 3 bed, 2 bath
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Phoenix, AZ 85051
This Value-Add Starter Home is listed at $239,500, representing a stable entry-level opportunity near its $222,797 Fair Market Value. Currently maintaining a Condition Rating of 4, the residence requires updating and TLC, providing a distinct opportunity for forced appreciation through interior modernization. The layout is enhanced by vaulted ceilings and dual-pane windows, with lifestyle perks including a private patio and community pool. Situated in a central Phoenix location near schools and transit, this is a strategic acquisition for Fix-and-Flip Investors or first-time buyers seeking a project-based investment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3204 W Loma Lane 2 Subject | $234,900* List Price | 3 | 2 | 1,178 | $163 | - |
A 3203 W LOMA Lane 3 Sold | $215,000 | 2 | 2 | 1,104 | $195 | 0.0 mi |
B 3228 W Glendale Avenue 125 Sold | $190,000 | 3 | 2 | 1,268 | $150 | 1.0 mi |
C 8110 N 31ST Drive Sold | $225,000 | 3 | 2 | 1,536 | $146 | 0.2 mi |
D 8218 N 34TH Drive Sold | $165,000 | 3 | 1 | 1,021 | $162 | 0.4 mi |
E 8110 N 31ST Drive Sold | $225,000 | 3 | 2 | 1,536 | $146 | 0.2 mi |
F 8056 N 32nd Lane Sold | $209,000 | 2 | 2 | 924 | $226 | 0.1 mi |
G 3228 W GLENDALE Avenue W 146 Active | $199,500 List Price | 2 | 3 | 1,268 | $157 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, this property is in mostly original or older condition and, as noted in the listing description, requires 'updating and TLC.' The kitchen features dated white appliances and basic cabinetry, while the bathrooms show older integrated sinks and standard fixtures. While the home includes some functional upgrades like dual-pane windows and laminate flooring in the living area, the overall aesthetic and component age align with the 'fair' criteria for a well-maintained but outdated residence.
The property features dual-pane windows and ceiling fans throughout, which are critical for maintaining comfort and reducing cooling costs during the Phoenix summer.
The 3-bedroom layout is enhanced by vaulted ceilings in the living and dining areas, creating an open and airy atmosphere that makes the home feel larger than its square footage.
Situated near schools, shopping, and transportation, the home also offers desirable community perks including a pool and dedicated covered parking.
The property is noted to need updating and 'TLC,' suggesting that a buyer will need to invest additional capital into repairs and modernization.
A monthly association fee of $268 adds a significant recurring cost to the mortgage, which may impact the overall affordability for a first-time homebuyer.
Come look at this great Townhouse! Makes a great first home or rental. 3 bedrooms & 2 bathrooms, spacious entertaining living room on a corner lot. No stairs and great storage. Inside laundry. 2 reserved parking spots, 1 is covered. Dual pane windows and sliding glass door to minimize electric bills. New water heater (2025). Easy living, low maintenance home minutes from I-17, restaurants, shopping and more. You will love the walking paths and refinished refreshing pool.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 62% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,178 | 1,008 | 62% |
| Lot Size | 1,319 | 966 | 56% |
| Price | $234.9K | $209.0K | 69% |
| Price per sq ft | $199 | $166 | 78% |
| Built year | 1986 | 1979 | 93% |
| HOA | $268 | $220 | 87% |
| Days on market | 77 | 753 | 2% |
Apr 16, 2026
$234,900
$239,500
-2% Price Drop
Initial Listing
Feb 8, 2026
$239,500
Initial Listing