37406 N 15TH Avenue, Phoenix, AZ 85086, Phoenix, 85086 - 3 bed, 3 bath
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Phoenix, AZ 85086
This Value-Add Ranch Estate represents a High-Potential Investment Opportunity with a List Price of $659,900—positioned well below the $744,874 Fair Market Value by 11%. This valuation gap offers $84,974 in Instant Equity. Currently holding a Condition Rating of 4, the home is mid-renovation with exposed concrete flooring but features an updated Granite Kitchen, Owned Solar, and a massive 1,800 sq ft Workshop plus 3,000 sq ft Storage Facility. This asset is ideal for Fix-and-Flip Investors or Owner-Occupants looking to build equity through finishing touches.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 37406 N 15TH Avenue Subject | $659,900* List Price | 3 | 3 | 2,027 | $367 | - |
A 1010 W EGRET Street Sold | $850,000 | 3 | 2 | 2,126 | $400 | 0.4 mi |
B 1730 W ADAMANDA Court Sold | $635,000 | 3 | 2 | 1,635 | $388 | 0.7 mi |
C 1730 W ADAMANDA Court Sold | $635,000 | 3 | 2 | 1,620 | $392 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1999, is currently in a mid-renovation state and is not move-in ready. While the kitchen and bathrooms have been updated with granite countertops and the roof has been recently repaired, the living areas and closets are missing finished flooring, leaving bare concrete exposed. The interior requires immediate cosmetic updates, including flooring installation and wall repairs, though the presence of owned solar and extensive detached workshop space adds significant value.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 49484, living area = 2027.
The property includes a massive 1,800 sq ft detached workshop and an additional 3,000 sq ft storage facility, providing rare and extensive space for professional equipment, hobbies, or a home business.
Featuring owned solar panels and a shared well, the home offers significant long-term savings on utility costs and a reduced environmental footprint.
The reliance on a shared well system can lead to complexities regarding water rights, maintenance cost-sharing, and coordination with neighboring owners.
Built in 1999, the home is at an age where original mechanical systems and infrastructure may require near-term capital investment, as evidenced by the recent roof and skylight repairs.
Ranch-style home on over 1 acre with owned solar and shared well. This 3-bedroom, 2-bath residence features a fireplace, ceiling fans, and built-in cabinetry. The kitchen and bathrooms have been updated with granite countertops, and the primary suite bathroom has dual sinks. The home features an extended rear patio. Seller has completed roof and skylight repairs. The property also includes a detached ~1,800 sq ft workshop/garage with half bath, plus an additional ~3,000 sq ft storage facility providing additional enclosed space.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,027 | 2,199 | 35% |
| Lot Size | 49,484 | 7,800 | 89% |
| Price | $659.9K | $460.0K | 75% |
| Price per sq ft | $326 | $239 | 84% |
| Built year | 1999 | 2003 | 16% |
| HOA | $0 | $288 | 21% |
| Days on market | 33 | 1741 | 0% |
Mar 20, 2026
$659,900
Initial Listing