3428 W Banff Lane, Phoenix, AZ 85053, Phoenix, 85053 - 3 bed, 2 bath
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Phoenix, AZ 85053
This Value-Add Residential Asset is a strategic acquisition in North Phoenix, listed at $285,000 relative to a $236,444 Fair Market Value. While the price reflects a premium over the automated estimate, the Condition Score of 5 and brand-new 2025 Roof Installation provide a significant head start on rehabilitation. Featuring a 3-bedroom layout and no HOA Fees, the property is located near Acacia Elementary and Greenway High, ensuring strong resale demand. This project is perfectly suited for Fix-and-Flip Investors or Contractors seeking a high-upside renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3428 W Banff Lane Subject | $285,000* List Price | 3 | 2 | 1,128 | $210 | - |
A 3227 W LISBON Lane Sold | $257,200 | 2 | 1 | 1,091 | $236 | 0.2 mi |
B 13826 N 37th Avenue Sold | $350,000 | 3 | 2 | 1,098 | $319 | 0.7 mi |
C 14846 N 32ND Drive Sold | $345,000 | 3 | 2 | 1,408 | $245 | 0.2 mi |
D 3802 W MAUNA LOA Lane Sold | $279,900 | 3 | 2 | 1,380 | $203 | 0.4 mi |
E 2813 W PORT ROYALE Lane Sold | $329,000 | 3 | 2 | 1,002 | $328 | 0.8 mi |
F 2823 W BANFF Lane Sold | $315,000 | 3 | 2 | 1,392 | $226 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is explicitly marketed as a 'Fix & Flip' or investor opportunity, requiring substantial rehabilitation. Built in 1970, the interior shows significant wear with outdated wood paneling, aging flooring, and old fixtures. While the roof was recently replaced in 2025, the overall condition of the living spaces, kitchen, and systems appears to necessitate a full renovation to be considered move-in ready or modern.
Marketed as a 'Fix & Flip' or 'Fix & Stay' opportunity, this property offers significant equity growth potential for investors or buyers looking for a value-add project in a desirable Phoenix location.
The home features a brand-new roof installed in December 2025, which eliminates a major capital expenditure for the buyer and provides immediate structural peace of mind.
Situated within walking distance to Desert Foothills Middle School and close to shopping, dining, and major schools, the property offers excellent convenience and long-term resale appeal.
The property is explicitly listed as a fixer-upper, implying that it requires substantial cosmetic and potentially mechanical repairs to reach its full market value.
Built in 1970, the home likely contains aging systems and original finishes that may require costly updates to meet modern building codes and buyer expectations.
''MAKE LEMONS INTO LEMONADE!'' FIX & FLIP OR FIX & STAY! *AN INVESTORS DREAM HOME* DON'T MISS THIS OPPORTUNITY! *SELLER IS FIRM ON PRICE!!!* A great home to make money on or live very affordably! *New roof installed 12/2025* Home may be available for rehab/renovation loan!* Inquire for details!* *Down the street from Desert Foothills Jr High!* ''Convenient location'' Close to schools lots of shopping many restaurants & coffee houses! ''Large wooden shed in backyard stays and has shelving & pull down attic access for additional storage''.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades 7-8 • 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 | 2.0 | 2.0 | 50% |
| Square foot | 1,128 | 1,600 | 12% |
| Lot Size | 6,295 | 8,199 | 15% |
| Price | $285.0K | $345.0K | 33% |
| Price per sq ft | $253 | $226 | 72% |
| Built year | 1970 | 1976 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 1148 | 1% |
Apr 2, 2026
$285,000
Initial Listing