
Phoenix, AZ 85042
This Value-Add Asset presents a high-upside reconstruction project in Phoenix, featuring a List Price of $410,000 and a $354,945 Fair Market Value. The property’s Condition Rating of 5 and expansive .39-acre lot offer a massive canvas for forced appreciation and ROI through a comprehensive remodel. Key features include mountain views, a rare subfloor basement, and proximity to Maxine O Bush Elementary and South Mountain High School. This probate sale, free of HOA restrictions, is a prime acquisition for Fix-and-Flip Investors or Contractors ready to transform this "diamond in the rough" into a luxury showstopper.
Property is extensive renovation needed.
Built in 1972, this property is explicitly marketed as a 'diamond in the rough' requiring a full-scale remodel. Visual evidence shows significant deferred maintenance including a hole in the ceiling, outdated popcorn ceilings, worn carpets, and an aged kitchen with mismatched appliances. The listing's 'as-is' status and call for contractors confirm it needs substantial rehabilitation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17010, living area = 2292.
Situated on a sprawling .39-acre cul-de-sac lot with no HOA, this property offers rare freedom and ample space for RV storage, outdoor entertaining, or a custom luxury expansion in a desirable Phoenix location.
As a probate sale priced for an 'as-is' contract, this home provides a unique chance for investors or contractors to capture significant built-in equity through a strategic renovation of a 'diamond in the rough'.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2292, other record living area = 2334.
The property is sold in 'as-is' condition and requires a full-scale remodel, necessitating a buyer with significant liquid capital and immediate access to professional contractors.
Being a probate sale, the transaction may involve specific legal oversight and potentially longer or more rigid timelines compared to a traditional residential real estate closing.
RARE UNICORN OPPORTUNITY! FIRST ACCESS MARCH 14th AT 10AM. Seller is offering immediate equity in exchange for an as-is contract. Professional Appraisal attached to listing and completed on 2/02/2026. Situated on a .39-acre cul-de-sac lot with NO HOA and stunning mountain views, this home is the perfect canvas for a custom masterpiece. Features a rare subfloor basement, multiple fireplaces, and a high-efficiency layout. Ample room for toys, RVs, and entertaining. This is a probate sale. Bring your contractor and transform this diamond in the rough into a luxury showstopper. Opportunities with this much built-in value and land in Phoenix are incredibly rare!
No exterior & parking available.
Grades PK-8 • 0.6 mi
Grades 9-12 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 62% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,292 | 1,870 | 75% |
| Lot Size | 17,010 | 7,200 | 93% |
| Price | $410.0K | $399.0K | 53% |
| Price per sq ft | $179 | $228 | 32% |
| Built year | 1972 | 2000 | 12% |
| HOA | $0 | $95 | 35% |
| Days on market | 105 | 1444 | 1% |
Mar 3, 2026
$410,000
Initial Listing