4622 E GROVERS Avenue, Phoenix, AZ 85032, Phoenix, 85032 - 3 bed, 2 bath
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Phoenix, AZ 85032
This property presents a High-Potential Investment Opportunity with a List Price of $360,500—positioned well below the $372,095 Fair Market Value by 3%. This valuation gap offers $11,595 in Instant Equity for buyers willing to address the Poor Condition Rating. Located in the premier Paradise Valley School District, this 3-bedroom, 2-bathroom residence is a prime value-add asset. It is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to capitalize on the property's significant renovation potential and zero HOA fees.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4622 E GROVERS Avenue Subject | $360,500* List Price | 3 | 2 | 1,322 | $281 | - |
A 17207 N 46TH Place Active | $440,000 List Price | 3 | 2 | 1,300 | $338 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is 31 years old (built 1993) with original, dated kitchen cabinets and appliances. Interior photos show significant neglect, including heavily soiled carpets and walls. The listing explicitly states it 'needs TLC' and is an 'investment opportunity,' signaling a need for a full rehab consistent with the Poor rating criteria.
The property is located within the highly-regarded Paradise Valley School District, a top-tier educational zone in Arizona that consistently drives long-term demand and property value appreciation.
With an association fee of $0, this home offers significant monthly savings and freedom from restrictive covenants, making it an ideal choice for investors and homeowners seeking autonomy.
Priced as a 'value-add' investment, this 3-bedroom residence provides a significant opportunity to build immediate equity through strategic renovations and modernization.
The property is explicitly listed as needing 'TLC,' indicating that the buyer will need to budget for immediate capital expenditures to address repairs and cosmetic updates.
Due to the noted condition of the home, it may face challenges qualifying for traditional FHA or VA financing, potentially limiting the buyer pool to cash investors or conventional borrowers.
Back on Market - Buyer didn't perform! Your NEW Investment Opportunity In A Fabulous Location. 3 Bedroom, 2 Bathroom, w/ Living Room and adjacent kitchen. Easy access to garage and backyard. Property does need TLC, but great potential. Paradise Valley School District, known to be amongst the best in AZ. Information deemed reliable, nonetheless, buyer is to verify all.
No exterior & parking available.
Grades K-6 • 1.3 mi
Grades 7-8 • 2.0 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,322 | - |
| Lot Size | 4,455 | - |
| Price | $360.5K | $495.4K |
| Price per sq ft | $273 | $290 |
| Built year | 1993 | 0 |
| HOA | $0 | $0 |
| Days on market | 13 | 1260 |
Jul 2, 2026
$360,500
Initial Listing