3426 W PALM Lane, Phoenix, AZ 85009, Phoenix, 85009 - 3 bed, 1 bath
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Phoenix, AZ 85009
This Value-Add Residential Asset represents a strategic entry point into the Phoenix market, listed at $205,000. While the $148,645 Fair Market Value reflects its current Condition Rating of 5, the property’s true potential lies in its significant renovation upside. The expansive 8,303 sqft lot offers high utilization for property extensions, while the No HOA status ensures maximum flexibility for investors. Located within walking distance of Isaac Middle School and near Carl Hayden High School, this property is a prime candidate for forced appreciation. It is an ideal acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3426 W PALM Lane Subject | $205,000* List Price | 3 | 1 | 1,322 | $112 | - |
A 3602 W ALMERIA Road Sold | $215,000 | 3 | 2 | 1,394 | $154 | 0.3 mi |
B 3607 W PALM Lane Sold | $209,900 List Price | 4 | 1 | 1,325 | 0.2 mi | |
C 4216 W HUBBELL Street Sold | $180,000 List Price | 4 | 2 | 1,296 | 0.9 mi | |
D 3735 W MORELAND Street Sold | $185,000 List Price | 3 | 1 | 1,480 | 0.7 mi | |
E 1344 N 39TH Avenue Sold | $221,250 | 3 | 2 | 1,167 | $190 | 0.7 mi |
F 2804 W CORONADO Road Sold | $237,000 | 3 | 1 | 1,181 | $201 | 0.8 mi |
G 3206 W PIERCE Street Active | $235,000 List Price | 4 | 2 | 1,500 | $157 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1956 (68+ years old) with no recorded renovations, the property is boarded up and marketed specifically for 'fix-and-flip' investors, indicating it requires a full rehab and likely has safety or habitability issues.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8303, living area = 1322.
Priced at $205,000, this property serves as an excellent entry-level opportunity for investors or flippers looking to add value in the Phoenix market.
The generous 8,303 sqft lot provides significant space for property extensions, outdoor improvements, or the potential addition of an accessory dwelling unit.
Built in 1956 and marketed as a fix-and-flip, the property likely requires substantial capital expenditure to update systems and finishes to modern standards.
The 3-bedroom layout features only one bathroom, which may limit its appeal to modern families and could necessitate a floor plan reconfiguration to maximize resale value.
Great opportunity for investors or savvy buyers looking to add value. This property offers strong potential with the right vision and updates. Spacious lot with room to improve and maximize returns. Perfect for a fix-and-flip or long-term rental hold.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 0.2 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 1,322 | 1,276 | 55% |
| Lot Size | 8,303 | 6,410 | 89% |
| Price | $205.0K | $240.5K | 40% |
| Price per sq ft | $155 | $192 | 37% |
| Built year | 1956 | 1953 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 1214 | 1% |
Apr 23, 2026
$205,000
Initial Listing