8243 W PICCADILLY Road, Phoenix, AZ 85033, Phoenix, 85033 - 3 bed, 2 bath
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Phoenix, AZ 85033
This Value-Add Residential Asset is listed at $335,900, reflecting a stable entry point relative to its $329,563 Fair Market Value. Currently holding a Condition Rating of 4, the home requires modernization but offers a significant $25,000 rehab holdback to offset renovation costs. The property features a separate 1-car workshop with utilities, an RV gate, and a covered patio on a 7,693 sqft lot. With area comps reaching $385,000, this is an optimal acquisition for Fix-and-Flip Investors or Owner-Occupants looking to force appreciation through strategic interior improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8243 W PICCADILLY Road Subject | $325,000* List Price | 3 | 2 | 1,665 | $185 | - |
A 7629 W OSBORN Road Sold | $325,000 | 4 | 3 | 1,824 | $178 | 0.8 mi |
B 7833 W COOLIDGE Street Sold | $365,000 List Price | 4 | 3 | 1,725 | 1.0 mi | |
C 7751 W Mulberry Drive Sold | $255,000 List Price | 3 | 2 | 1,570 | 0.7 mi | |
D 7609 W CHEERY LYNN Road Sold | $358,000 | 3 | 2 | 1,532 | $234 | 0.9 mi |
E 7601 W GLENROSA Avenue Sold | $370,000 List Price | 3 | 2 | 1,553 | 0.8 mi | |
F 7913 W VERDE Lane Sold | $380,000 | 4 | 2 | 1,780 | $213 | 0.8 mi |
G 8226 W MONTECITO Avenue Active | $339,999 List Price | 3 | 2 | 1,490 | $228 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, this home is functional but significantly outdated, featuring popcorn ceilings, worn carpeting, and vintage finishes. The seller's offer of a $25,000 rehab credit confirms the need for substantial cosmetic and system updates, though the structure appears maintained and livable in its current state.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7693, living area = 1665.
The seller is offering a $25,000 rehab holdback with a full-price offer, providing a unique financial advantage for buyers to fund immediate renovations and customization.
The property includes a separate 1-car garage/workshop with water and electricity, plus an RV gate, offering exceptional utility for hobbyists or additional storage needs.
The home is explicitly noted as needing updates, which may deter traditional buyers looking for a move-in-ready residence or those without the timeline for a renovation project.
Built in 1961, the property likely features aging systems and materials that may require more than just cosmetic repairs to meet modern efficiency and safety standards.
MOTIVATED SELLER! OFFERING 25K REHAB HOLDBACK TO UPDATE ANYTHING BUYER WANTS WITH FULL PRICE OFFER CLOSED BY 4/30/2026! Step into this bright and spacious 3-bedroom, 2-bath home featuring an open floor plan, solid wood cabinetry, and generous living spaces. The large backyard, separate 1-car garage/workshop with water/electric, and RV gate make it ideal for hobbies, storage, or entertaining. This home does need updating, but with a little updating, this home can truly shine! Conveniently located near parks, schools, shopping, and easy freeway access -- don't miss this opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,665 | 1,400 | 72% |
| Lot Size | 7,693 | 7,041 | 75% |
| Price | $325.0K | $270.0K | 64% |
| Price per sq ft | $195 | $195 | 50% |
| Built year | 1961 | 1972 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 957 | 0% |
Apr 16, 2026
$325,000
$335,900
-3% Price Drop
Initial Listing
Mar 25, 2026
$335,900
Initial Listing