934 E Montebello Avenue, Phoenix, AZ 85014, Phoenix, 85014 - 2 bed, 2 bath
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Phoenix, AZ 85014
This Value-Add Townhouse Acquisition is listed at $340,000, positioned above its $222,034 Fair Market Value. While the current valuation reflects a premium for the Highly Desired Madison Elementary District, the property’s Condition Rating of 5 identifies it as a prime candidate for forced appreciation. Featuring a unique central atrium, private patio, and a spacious floor plan, the home offers a distinctive architectural canvas for modernization. Located in a prime central corridor, this asset is a strategic choice for Fix-and-Flip Investors or Owner-Occupants looking to build equity through a custom renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 934 E Montebello Avenue Subject | $340,000* List Price | 2 | 2 | 1,363 | $163 | - |
A 6223 N 12TH Street 1 Sold | $398,500 | 2 | 3 | 1,688 | $236 | 0.6 mi |
B 6223 N 12TH Street 2 Active | $425,000 List Price | 2 | 3 | 1,461 | $291 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1974 (50+ years old) and the images reveal a kitchen with highly dated cabinetry, older white appliances, and fluorescent track lighting consistent with a 30-50 year old interior. The listing description's note that it is 'ready for your Buyers personal touch' and has had the same owner for 20 years indicates a lack of recent capital improvements, placing it in the rehab category.
Situated in the highly sought-after Madison Elementary District and the central corridor, offering excellent educational opportunities and convenient access to Phoenix amenities.
The central atrium provides a distinctive mid-century aesthetic and abundant natural light, creating a sophisticated separation between the kitchen and formal living areas.
At 1,363 square feet, the layout is exceptionally generous for a two-bedroom unit, featuring both a formal dining room and a family room with a wood-burning fireplace.
The property is marketed as needing a 'personal touch' after 20 years of single-owner occupancy, indicating that significant cosmetic or functional updates are likely required.
Built in 1974, the home may have aging infrastructure or original systems that could require near-term capital investment compared to newer residential developments.
BACK ON THE MARKET***Highly Desired Madison Elementary District***Convenient central corridor location. 1363 square feet, 2 bedroom, 2 bath, formal dining and living room. Family room with wood burning fireplace. Atrium located in the center of the townhome separates kitchen and family room from formal dining and living room. Laundry located inside. Ready for your Buyers personal touch.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 47% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,363 | 1,766 | 31% |
| Lot Size | 1,534 | 1,906 | 42% |
| Price | $340.0K | $263.5K | 53% |
| Price per sq ft | $249 | $245 | 58% |
| Built year | 1974 | 1973 | 52% |
| HOA | $215 | $267 | 27% |
| Days on market | 25 | 1367 | 2% |
Apr 25, 2026
$340,000
Initial Listing