4230 N 16TH 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 $405,000—positioned well above the $342,380 Fair Market Value by 18%. While the price reflects a premium, the Fair Condition Rating and 8,982 sqft lot offer significant upside for a full-scale renovation. The property features a large cul-de-sac lot and distant mountain views, providing a blank canvas for value-add improvements. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors capable of executing a comprehensive remodel to maximize the asset's potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4230 N 16TH Avenue Subject | $359,000* List Price | 3 | 1 | 1,136 | $282 | - |
A 1925 W Amelia Avenue Sold | $305,000 | 3 | 2 | 1,352 | $226 | 0.5 mi |
B 4161 N Westview Drive Active Under Contract | $360,000 List Price | 3 | 2 | 1,344 | $268 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949 (>75 years old) with no evidence of major recent renovations. While the interior is clean, the finishes are dated, and the listing description explicitly mentions the need for 'TLC' or a full remodel to 'build your dream home,' suggesting that the kitchen, baths, and core systems are likely at the end of their functional lifespan and require a total rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8982, living area = 1136.
Situated on a quiet cul-de-sac in the desirable Bel Air neighborhood with no HOA, offering excellent proximity to downtown Phoenix, major freeways, and diverse school options.
The nearly 9,000-square-foot lot provides ample space for outdoor living, expansions, or a complete custom rebuild in a high-demand area.
The home requires 'TLC' and updates, indicating that buyers should budget for immediate repairs or a full renovation to bring it to modern standards.
With three bedrooms but only one bathroom, the layout may be restrictive for families and could impact the property's competitive edge in the current market.
Rare opportunity in Central Phoenix's desirable Bel Air neighborhood! Situated on a quiet cul-de-sac (the best street in the neighborhood!), this solid 3-bedroom home sits on an expansive, nearly 9,000 sq ft lot with no HOA. Featuring great bones, a garage, dual-pane windows, siding, and tile flooring throughout, the property is a clean slate ready for your personal design touch. Enjoy an unbeatable location with easy access to the Grand Canal trail, light rail, Downtown, Sky Harbor Airport, and local dining - with many public, private, and charter school options! Seller requests all buyers view the property in person prior to offer submission.
No exterior & parking available.
Grades PK-8 • 0.6 mi
Grades PK-8 • 0.7 mi
Grades 7-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,136 | - |
| Lot Size | 8,982 | - |
| Price | $359.0K | $495.4K |
| Price per sq ft | $316 | $290 |
| Built year | 1949 | 0 |
| HOA | $0 | $0 |
| Days on market | 164 | 1260 |
Jul 17, 2026
$359,000
$365,000
-2% Price Drop
Initial Listing
Jun 26, 2026
$365,000
$375,000
-3% Price Drop
Initial Listing
Jun 18, 2026
$375,000
$389,000
-4% Price Drop
Initial Listing
May 26, 2026
$389,000
$405,000
-4% Price Drop
Initial Listing
Feb 9, 2026
$405,000
Initial Listing