760 E EUGIE Avenue, Phoenix, AZ 85022, Phoenix, 85022 - 2 bed, 2 bath
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Phoenix, AZ 85022
This property presents a Strong Value Opportunity with a List Price of $221,000—positioned well below the $233,388 Fair Market Value by 5%. This valuation gap offers $12,388 in Instant Equity for buyers willing to address the Condition Rating of 5. Featuring a private patio and proximity to Hidden Hills Elementary, this asset requires renovation but offers significant upside. It is a high-reward acquisition ideal for Fix-and-Flip Investors or first-time buyers seeking a value-add project in Phoenix.
Property is extensive renovation needed.
Built in 1977 (47 years old), the property is marketed as a short sale needing renovation. While the kitchen has some updated appliances, there are visible defects including a hole in the drywall and significant damage to the laminate flooring. The listing explicitly states the home 'needs work,' placing it in the rehab category.
As a bank-approved short sale priced specifically for renovation, this property offers a significant equity-building opportunity for investors or handy owner-occupants.
The inclusion of a private patio is a standout feature for a condominium, providing a secluded outdoor area for relaxation or gardening.
With a recent price reduction to $221,000, this unit represents one of the more affordable two-bedroom options in the Phoenix market, ideal for budget-conscious buyers.
The property requires significant work and renovation, which will necessitate additional upfront capital and time from the buyer before it is move-in ready.
While the price is bank-approved, short sale transactions often involve more complex paperwork and potentially longer closing timelines than traditional residential sales.
SHORT SALE OPPORTUNITY! Home does need work and has been priced accordingly. 2 bedroom, 1.5 bath home with a private patio is ready for a renovation and a new owner. Bank has APPROVED the list price.
No exterior & parking available.
Grades PK-6 • 1.3 mi
Grades 6-8 • 3.1 mi
Grades 9-12 • 3.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 920 | - |
| Lot Size | 552 | - |
| Price | $224.0K | $310.8K |
| Price per sq ft | $243 | $272 |
| Built year | 1977 | 0 |
| HOA | $224 | $0 |
| Days on market | 99 | 1408 |
Jul 18, 2026
$224,000
$221,000
+1% Price Increase
Initial Listing
Jun 11, 2026
$221,000
$235,000
-6% Price Drop
Initial Listing
Apr 15, 2026
$235,000
Initial Listing