3845 N 15TH Avenue, Phoenix, AZ 85015, Phoenix, 85015 - 3 bed, 1 bath
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Phoenix, AZ 85015
This property presents a High-Potential Investment Opportunity with a List Price of $430,000—positioned well above the $389,426 Fair Market Value by -10%. While the property lacks immediate equity, its 7,153 sqft corner lot and No HOA Restrictions provide significant long-term value-add potential. With a Condition Rating of 4, the home requires modernization of its vintage 1946 infrastructure. Its central location near Phoenix Community College and major hospitals ensures consistent demand. This asset is best suited for Buy-and-Hold Investors or Contractors capable of executing a comprehensive renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3845 N 15TH Avenue Subject | $430,000* List Price | 3 | 1 | 1,125 | $346 | - |
A 1837 W ROMA Avenue Sold | $344,800 | 3 | 2 | 1,150 | $300 | 0.7 mi |
B 2134 W Mitchell Drive Sold | $370,000 | 2 | 1 | 936 | $395 | 0.9 mi |
C 1941 W WHITTON Avenue Sold | $400,000 | 3 | 2 | 1,200 | $333 | 0.7 mi |
D 1941 W WHITTON Avenue Sold | $400,000 | 3 | 2 | 1,200 | $333 | 0.7 mi |
E 3640 N 21ST Avenue Sold | $360,000 | 2 | 1 | 899 | $400 | 0.8 mi |
F 4161 N Westview Drive Active Under Contract | $360,000 List Price | 3 | 2 | 1,344 | $268 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, the property is significantly aged but shows signs of past mid-life updates such as ceramic tile flooring and newer ceiling fans. While functional and lived-in, the home is dated, the exterior landscaping is unmaintained, and the lack of mentioned recent renovations suggests systems (HVAC/Electric) and wet areas likely require modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7153, living area = 1125.
Situated near Phoenix Community College, major hospitals, and diverse shopping centers, this property offers exceptional accessibility to all parts of the city.
The property features a generous 7,153 sqft corner lot with spacious front and back yards, providing significant outdoor living space and potential for landscaping or expansion.
Despite having three bedrooms, the home only features one bathroom, which may be a drawback for families or buyers seeking modern convenience.
Built in 1946, the property may require significant updates to its core systems or interior finishes to meet contemporary standards and energy efficiency.
Convenient location to any part of town. Beautiful cozy home and very spacious front and back yard. Conveniently located in the corner of Fairmount and 15th avenue. Close to Phoenix Community College, hospitals and numerous shopping centers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,125 | - |
| Lot Size | 7,153 | - |
| Price | $430.0K | $495.4K |
| Price per sq ft | $382 | $290 |
| Built year | 1946 | 0 |
| HOA | $0 | $0 |
| Days on market | 19 | 1260 |
Jul 6, 2026
$430,000
Initial Listing
Apr 15, 2002
$95,000
Public Record