7032 W MERRELL Street, Phoenix, AZ 85033, Phoenix, 85033 - 3 bed, 1 bath
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Phoenix, AZ 85033
This property presents a High-Potential Investment Opportunity with a List Price of $295,000—positioned well above the $269,128 Fair Market Value by -9%. While the current pricing reflects a premium, the Fair Condition Rating and 8,154 sq ft lot offer significant upside for value-add renovations. Located in the Cartwright Elementary School District, this asset provides a solid foundation for long-term growth. This project is best suited for Buy-and-Hold Investors or Contractors capable of executing a comprehensive interior and exterior overhaul.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7032 W MERRELL Street Subject | $295,000* List Price | 3 | 1 | 952 | $283 | - |
A 7520 W CRITTENDEN Lane Sold | $260,000 | 2 | 1 | 896 | $290 | 0.8 mi |
B 3614 N 64TH Drive Sold | $299,000 | 3 | 1 | 960 | $311 | 0.9 mi |
C 3614 N 64TH Drive Sold | $299,000 | 3 | 1 | 960 | $311 | 0.9 mi |
D 3614 N 64TH Drive Sold | $299,000 | 3 | 1 | 960 | $311 | 0.9 mi |
E 7701 W CRITTENDEN Lane Sold | $278,000 | 2 | 1 | 1,022 | $272 | 0.9 mi |
F 7520 W CRITTENDEN Lane Sold | $260,000 | 2 | 1 | 896 | $290 | 0.8 mi |
G 7649 W MITCHELL Drive Sold | $260,000 | 2 | 1 | 896 | $290 | 0.9 mi |
H 7533 W SHEILA Lane Sold | $334,900 | 3 | 2 | 1,176 | $285 | 0.7 mi |
I 6414 W MITCHELL Drive Pending | $230,000 List Price | 2 | 2 | 910 | $253 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1982 (44 years old) with no mentioned renovations. The exterior shows construction equipment and a neglected yard, suggesting an active rehab project. The listing's focus on 'investment potential' and 'future use' typically indicates dated interiors and systems requiring significant overhaul.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8153, living area = 952.
The property sits on a spacious 8,154 sq ft lot, providing ample outdoor space for future expansions, landscaping, or recreational use.
With no homeowner association, residents enjoy greater freedom over their property and lower monthly carrying costs, making it an attractive option for budget-conscious buyers.
Having only one bathroom for a three-bedroom residence may be inconvenient for families and could limit the property's appeal to certain buyer segments.
At just 952 square feet, the interior living space is relatively small for a three-bedroom home, which may result in tighter bedroom dimensions and limited common areas.
Discover this 3-bedroom, 1-bathroom single-family home situated on a spacious 8,154 sq ft lot in Phoenix. Offering no HOA, this property provides excellent potential for future use or investment. Located within the Cartwright Elementary School District and near Trevor Browne High School, this home presents a solid opportunity in an established neighborhood.
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 | 952 | - |
| Lot Size | 8,153 | - |
| Price | $295.0K | $495.4K |
| Price per sq ft | $310 | $290 |
| Built year | 1982 | 0 |
| HOA | $0 | $0 |
| Days on market | 36 | 1260 |
Jun 17, 2026
$295,000
Initial Listing