8502 N CENTRAL Avenue 5, Phoenix, AZ 85020, Phoenix, 85020 - 2 bed, 2 bath
Loading property details...
Phoenix, AZ 85020
This Turnkey Townhome represents a Strong Value Opportunity, listed at a List Price of $229,000, which aligns perfectly with its $229,000 Fair Market Value. Featuring a Condition Rating of 3, the home offers a move-in ready experience with new luxury carpet, fresh paint, and a renovated community pool. Located in a prime Central Phoenix corridor near the highly-rated Sunnyslope High School (7/10), this property provides a stable, low-maintenance lifestyle. It is an ideal acquisition for first-time buyers or owner-occupants seeking a well-managed, centrally located residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8502 N CENTRAL Avenue 5 Subject | $229,000* List Price | 2 | 2 | 1,075 | $213 | - |
A 8502 N CENTRAL Avenue 8 Active | $250,000 List Price | 2 | 2 | 1,075 | $233 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1974, the property is well-maintained and move-in ready following recent cosmetic updates including new luxury carpet and fresh interior paint. The kitchen and bathrooms are functional with clean white cabinetry. Additionally, the HOA has recently addressed major systems and exterior needs, including a 2025 pool renovation, roof coverage, and new exterior stucco.
Situated on Central Avenue near the Murphy Bridle Path and popular dining like OHSO Brewery, this property offers exceptional access to outdoor recreation and urban amenities.
The home features new luxury carpet and fresh paint, complemented by a renovated community pool and seller-paid special assessments for upcoming landscaping improvements.
The property is zoned for Sunnyslope High School, a highly-rated institution (7/10), which adds significant long-term value and appeal for families.
With 190 days on the market and multiple price reductions from $264,000 to $229,000, the property has faced challenges in securing a buyer, suggesting potential market fatigue.
Built in 1974, the townhome may require more frequent maintenance of original systems compared to newer builds, despite the recent cosmetic interior updates.
Location on Central Avenue near OHSO Brewery, Timo Wine Bar, Walmart Neighborhood Market, the Murphy Bridle Path, Arizona Canal trails, Piestewa Peak, parks, dining, and entertainment. 2-bedroom townhome in a prime Central Phoenix location. Features include new luxury carpet, fresh interior paint, elegant French doors, a spacious family room with dining area, and a bright kitchen with white cabinetry and all appliances included. Convenient downstairs powder room.Enjoy two assigned covered parking spaces and a community pool renovated in 2025. Recent HOA improvements include exterior stucco and paint enhancements, with redesigned landscaping scheduled for completion in July with special assessment paid for by the seller. HOA covers blanket insurance, exterior maintenance, and roof.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades 5-8 • 1.5 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,075 | - |
| Lot Size | 529 | - |
| Price | $229.0K | $341.8K |
| Price per sq ft | $213 | $259 |
| Built year | 1974 | 0 |
| HOA | $350 | $0 |
| Days on market | 223 | 1211 |
May 26, 2026
$229,000
$249,000
-8% Price Drop
Initial Listing
Apr 18, 2026
$249,000
$264,000
-6% Price Drop
Initial Listing
Dec 11, 2025
$264,000
Initial Listing