603 W MCRAE Drive, Phoenix, AZ 85027, Phoenix, 85027 - 3 bed, 2 bath
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Phoenix, AZ 85027
This High-Potential Investment Opportunity is listed at $376,000, positioned well above the $325,989 Fair Market Value by 15%. While the property features Updated Mechanical Systems including a new split air handler, it maintains a Condition Rating of 4 due to dated interior finishes. The split floor plan and covered patio offer functional living, though the low-rated middle school may impact long-term demand. This property is best suited for Buy-and-Hold Investors or first-time buyers willing to modernize the aesthetic to capture future appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 603 W MCRAE Drive Subject | $369,000* List Price | 3 | 2 | 1,165 | $291 | - |
A 1750 W UNION HILLS Drive 33 Sold | $335,000 | 3 | 2 | 1,308 | $256 | 0.9 mi |
B 1750 W UNION HILLS Drive 33 Sold | $335,000 | 2 | 2 | 1,320 | $254 | 0.9 mi |
C 1750 W UNION HILLS Drive 37 Sold | $352,000 | 3 | 3 | 1,391 | $253 | 0.9 mi |
D 1750 W UNION HILLS Drive 78 Pending | $335,000 List Price | 3 | 2 | 1,308 | $256 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, the property is over 20 years old and features dated finishes such as tile countertops and 18-inch floor tile. While the HVAC and water heater are recently updated and the home is well-maintained, the kitchen and overall aesthetic require modernization to move beyond the 'dated' category.
The property features a newer A/C unit, a new $4k split air handler, and a newer hot water heater, offering significant value and peace of mind regarding high-ticket maintenance items in the Phoenix climate.
Vaulted ceilings combined with a desirable split floor plan and uniform 18-inch tile flooring create an open, low-maintenance, and aesthetically pleasing living environment that feels larger than its square footage.
Situated just minutes from both the Loop 101 and I-17 freeways, this home offers excellent accessibility and reduced commute times to major employment hubs across the Phoenix metropolitan area.
At 1,165 square feet on a 3,465 square foot lot, the property offers limited interior room sizes and a small backyard, which may not suit buyers looking for spacious living or large outdoor areas.
The assigned middle school carries a low rating of 2, which could be a deterrent for families prioritizing high-performing educational institutions and may impact future resale demand.
Welcome home to this inviting 3-bedroom, 2-bath charmer with a desirable split floor plan and vaulted ceilings that make the home feel open and bright. Attractive 18'' tile runs throughout, offering a clean, low-maintenance look. The spacious eat-in kitchen features tile countertops and backsplash, stainless steel appliances, and plenty of room to gather. All appliances stay--including washer and dryer--and you'll enjoy the convenience of an inside laundry room and 2-car garage. Outside, relax in your private, low-maintenance backyard with mature landscaping and a covered patio. Enjoy peace of mind with a newer hot water heater and A/C, plus a new $4k split air handler. All this just minutes from the 101 and I-17.
No exterior & parking available.
Grades PK-6 • 0.7 mi
Grades 7-8 • 3.5 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,165 | - |
| Lot Size | 3,465 | - |
| Price | $369.0K | $495.4K |
| Price per sq ft | $317 | $290 |
| Built year | 1999 | 0 |
| HOA | $185 | $0 |
| Days on market | 54 | 1260 |
Jun 21, 2026
$369,000
$376,000
-2% Price Drop
Initial Listing
May 30, 2026
$376,000
Initial Listing