2233 E Behrend Dr #15 · Phoenix, AZ 85024

$159,000

2 bd · 2.0 ba · 1,144 sqft · Manufactured · 148 Days on market

Built 1991 Excellent condition $139/sqft · 74% above area

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +29.6/30.0
• DSCR +10.0/10.0
• 1% rule +8.3/10.0
• ARV discount +7.5/15.0
• Condition / age +4.8/5.0
• Schools +3.8/10.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Be impressed by this fully transformed home with sleek, contemporary finishes inside and out. This 2-bed, 2-bath residence in the gated 55+ Boulder Ridge community feels brand new. Desert landscaping welcomes you along with two covered carport spaces and a storage unit. Inside, vaulted ceilings and an open layout create a bright, airy feel. Features include high-end flooring, 18 modern light fixtures with recessed lighting, a window seat, and a neutral color palette. Improvements: $30K+ Andersen window package installed in 2024 with transferable warranty. 2022: HVAC & Hot water tank. Roof replaced 2023. Vents cleaned 2025. Buyer must be park approved: 750+ credit score, 3x lot rent in verifiable income, proof of savings equal to 6x lot rent, and background check. Lot rent $1,010/month. Natural light floods the home, offering delightful views of the neighborhood and majestic mountains beyond. The gourmet kitchen is a chef's dream, equipped with sleek stainless steel appliances, durable solid-surface counters, and high-quality soft-close white shaker cabinets adorned with elegant crown molding. The focal point is the expansive island with a convenient breakfast bar, perfect for gathering with friends and family. The large main bedroom features a walk-in closet and an ensuite with a vessel sink & a tiled walk-in shower. Relax & entertain the guests in your cozy wrap-around deck! The resort-style Community amenities are waiting for you to enjoy. So don't miss the opportunity to make this impeccable home your own. It's an ideal canvas to create your perfect retreat, blending modern elegance with comfort and functionality. Located in the serene landscape of North Phoenix, this notable property is a gem within the premier 55+ active adult community of Boulder Ridge. Exhibiting exemplary cleanliness and expert management, this exclusive, gated sanctuary homes a collection of 263 exquisite residences, providing an atmosphere of utmost comfort and security. The community bestows upon its residents numerous deluxe resort-style amenities. These include, but are not limited to, two inviting heated swimming pools and separate heated spa, fitness center, a dynamic multi-sport court inclusive of Pickleball, engaging hiking trails, and an elegantly furnished clubhouse. Boulder Ridge is designed to accommodate a range of lifestyle choices, emerging as an ideal option for both year-round dwellers and seasonal visitors. The added convenience of on-site RV/boat parking caters to the requirements of residents owning mobile leisure vehicles, adding to the community's allure. Indeed, it presents a distinguished residential prospect well worth exploring.

Key facts

• 2 parking spots
• Community pool
• Built 1991

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $159k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $572 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).
• Recommended offer: $140k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.6% vs local median 3.3% in Phoenix — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#16 in AZ, #3,924 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: health & safety C-, crime F.
• Paradise Valley Unified District (4241) (urban): math 39% / reading 46% proficiency, ranked #56 of 249 in AZ (top 22%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.4%/yr); 206 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 9d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 36,011 units permitted in Maricopa County in 2024 (12,801 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Maricopa County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.4% rent growth), your $45k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 148 days — a 12% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago; this cycle's ask has dropped $20k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 5→13/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $139,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 148 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.33% ✓
• Cap rate: 10.61%
• Cash-on-cash: 15.41%
• DSCR: 1.69
• GRM: 6.3

CMA / ARV

• ARV (median comp): $91,500
• List price: $159,000
• Delta: 73.77%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2233 E Behrend Dr #219	0.09mi	2/2.0	1,152 (+1%)	0mo	$90,000	$78	95
2233 E Behrend Dr #210	0.14mi	2/2.0	1,144 (0%)	7mo	$150,000	$131	87
2233 E Behrend Dr #81	0.00mi	2/2.0	1,040 (-9%)	2mo	$52,000	$50	83
2233 E Behrend Dr #92	0.00mi	2/2.0	1,056 (-8%)	5mo	$20,000	$19	83
2233 E Behrend Dr #78	0.00mi	3/2.0 (+1)	1,248 (+9%)	0mo	$69,900	$56	80
2233 E Behrend Dr #93	0.08mi	2/2.0	1,056 (-8%)	6mo	$47,000	$45	78
2233 E Behrend Dr #29	0.14mi	2/2.0	1,248 (+9%)	2mo	$131,000	$105	76
2233 E Behrend Dr #152	0.00mi	2/2.0	980 (-14%)	3mo	$42,500	$43	74
2233 E Behrend Dr #121	0.14mi	2/2.0	1,240 (+8%)	7mo	$54,900	$44	73
19809 N 26th St	0.60mi	3/2.0 (+1)	1,152 (+1%)	7mo	$125,000	$109	60
19225 N Cave Creek Rd #45	0.47mi	2/2.0	1,248 (+9%)	11mo	$47,900	$38	54
2701 E Utopia Rd #66	0.70mi	2/2.0	1,024 (-10%)	10mo	$50,000	$49	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.44% rent growth · sell at horizon

5-year hold

• IRR: 4.4%
• Equity multiple: 1.17×
• Total profit: $7,418
• Equity at exit: $23,707

10-year hold

• IRR: 12.4%
• Equity multiple: 1.91×
• Total profit: $40,487
• Equity at exit: $13,747

Cash invested: $44,520 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Arizona: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

5-day pay-or-quit; AZ courts known for speed; no state rent control; cities preempted by state law.

Methodology + full state rankings →

ZIP-level market 85024

• Home prices YoY: -21.0%
• Rents YoY: 1.4%
• Active inventory: 206
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $2,115 high
• Mortgage (P&I): −$834
• Tax est. 1.5%: −$199 /mo · $2,385/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$444
• Net cashflow: $572

Break-even live

Break-even rent $1,391

Max offer price $159,000

Occupancy floor 68%

Sensitivity live

Price	-10% $682	-5% $627	+0% $572	+5% $517	+10% $462
Rent	-10% $405	-5% $488	+0% $572	+5% $655	+10% $739
Rate	-1.0pp $652	-0.5pp $612	base $572	+0.5pp $531	+1.0pp $489

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2030 E Wahalla Ln Phoenix, AZ	3.0	2.0	1400	$2,115	$1.51	4d	1	0.25mi
2336 E Utopia Rd Phoenix, AZ	2.0–3.0	2.5	1327	$2,395	$1.80	6d	1	0.27mi
2335 E Utopia Rd Unit 16 Phoenix, AZ	3.0	2.5	1426	$2,550	$1.79	19d	1	0.28mi
20007 N 20th Way Phoenix, AZ	3.0	2.0	1251	$3,900	$3.12	45d	1	0.28mi
20050 N Cave Creek Rd Phoenix, AZ	1.0–2.0	1.0–2.0	909	$1,770	$1.95	2d	10	0.37mi
19635 N Cave Creek Rd Phoenix, AZ	3.0	1.0–2.0	999	$1,643	$1.64	0d	21	0.43mi
2220 E Beardsley Rd Phoenix, AZ	4.0	1.0–2.0	855	$1,669	$1.95	0d	64	0.46mi
2500 E Marco Polo Rd Phoenix, AZ	2.0	1.0–2.0	918	$2,390	$2.60	3d	16	0.48mi
18660 N Cave Creek Rd Phoenix, AZ	1.0–3.0	1.0–2.0	961	$1,590	$1.65	0d	11	0.58mi
2311 E Union Hills Dr Phoenix, AZ	1.0–2.0	1.0–2.0	835	$1,681	$2.01	0d	11	0.70mi
18416 N Cave Creek Rd Unit 6 Phoenix, AZ	1.0	1.0	748	$1,250	$1.67	9d	1	0.70mi
2221 E Union Hills Dr #158 Phoenix, AZ	3.0	2.0	1332	$2,100	$1.58	19d	1	0.71mi
18416 N Cave Creek Rd Phoenix, AZ	2.0	1.0–2.0	786	$3,000	$3.81	5d	9	0.77mi
18416 N Cave Creek Rd Phoenix, AZ	2.0	1.0–2.0	786	$3,000	$3.81	0d	7	0.77mi
1717 E Union Hills Dr Phoenix, AZ	2.0–3.0	2.0	1245	$1,775	$1.43	23d	4	0.80mi
1717 E Union Hills Dr Phoenix, AZ	2.0–3.0	2.0	1169	$1,675	$1.43	4d	3	0.80mi
1510 E Taro Ln Phoenix, AZ	3.0	2.0	1136	$2,149	$1.89	25d	1	0.82mi
1717 E Union Hills Dr #1052 Phoenix, AZ	2.0	2.0	1160	$4,000	$3.45	45d	1	0.85mi
1506 E Wescott Dr Phoenix, AZ	3.0	2.0	1136	$2,045	$1.80	6d	1	0.85mi
18202 N Cave Creek Rd Phoenix, AZ	1.0–3.0	1.0–2.0	722	$1,148	$1.59	5d	7	0.90mi
1420 E Topeka Dr Phoenix, AZ	3.0	2.5	1464	$2,215	$1.51	9d	1	0.94mi
18633 N 15th St Phoenix, AZ	3.0	2.0	1240	$2,249	$1.81	9d	1	0.95mi
2077 E Charleston Ave Phoenix, AZ	2.0	1.0	720	$1,295	$1.80	25d	1	1.03mi
2067 E Charleston Ave Phoenix, AZ	2.0	2.0	840	$1,395	$1.66	25d	1	1.03mi
2934 E Blackhawk Dr Phoenix, AZ	3.0	2.0	1467	$2,280	$1.55	3d	1	1.07mi
2554 E Villa Rita Dr Phoenix, AZ	2.0	1.0	1118	$2,750	$2.46	25d	1	1.09mi
1702 E Michelle Dr Phoenix, AZ	2.0	2.0	1300	$2,200	$1.69	6d	1	1.10mi
20223 N 30th St Phoenix, AZ	3.0	2.0	1467	$2,300	$1.57	2d	1	1.13mi
2755 E Michigan Ave Phoenix, AZ	3.0	2.0	1316	$2,700	$2.05	18d	1	1.15mi
2602 E Charleston Ave Phoenix, AZ	3.0	2.0	1426	$2,100	$1.47	25d	1	1.16mi
3056 E Siesta Ln Phoenix, AZ	3.0	2.0	1476	$2,375	$1.61	14d	1	1.22mi
17602 N Cave Creek Rd Phoenix, AZ	2.0	1.0–2.0	650	$1,625	$2.50	0d	10	1.23mi
3122 E Topeka Dr Phoenix, AZ	3.0	2.0	1272	$2,100	$1.65	23d	1	1.24mi
3220 E Kerry Ln Phoenix, AZ	3.0	2.0	1370	$2,299	$1.68	16d	1	1.35mi
3220 E Kerry Ln Phoenix, AZ	3.0	2.0	1370	$2,299	$1.68	25d	1	1.35mi
17606 N 17th Pl Phoenix, AZ	2.0–3.0	2.0–2.5	1463	$1,999	$1.37	0d	3	1.35mi
17606 N 17th Pl Phoenix, AZ	2.0–3.0	2.5	1472	$1,999	$1.36	14d	3	1.35mi
3214 E Siesta Ln Phoenix, AZ	2.0	2.0	1228	$2,200	$1.79	25d	1	1.40mi
1814 E Bell Rd Phoenix, AZ	1.0–2.0	1.0–2.0	987	$1,673	$1.70	0d	11	1.45mi
3235 E Hononegh Dr Phoenix, AZ	3.0	2.0	1356	$2,400	$1.77	0d	1	1.45mi

Listing history 19 events

1. 2026-06-13
   statusdays on market $159,000 Pending 148 DOM
2. 2026-06-09
   days on market $159,000 Active 145 DOM
3. 2026-06-08
   days on market $159,000 Active 144 DOM
4. 2026-06-07
   days on market $159,000 Active 143 DOM
5. 2026-06-04
   days on market $159,000 Active 140 DOM
6. 2026-06-03
   days on market $159,000 Active 139 DOM
7. 2026-06-02
   days on market $159,000 Active 138 DOM
8. 2026-06-01
   days on market $159,000 Active 137 DOM
9. 2026-05-31
   days on market $159,000 Active 136 DOM
10. 2026-05-08
    price $159,000 2693-char remark

    Show marketing remark (2693 chars)

    Be impressed by this fully transformed home with sleek, contemporary finishes inside and out. This 2-bed, 2-bath residence in the gated 55+ Boulder Ridge community feels brand new. Desert landscaping welcomes you along with two covered carport spaces and a storage unit. Inside, vaulted ceilings and an open layout create a bright, airy feel. Features include high-end flooring, 18 modern light fixtures with recessed lighting, a window seat, and a neutral color palette. Improvements: $30K+ Andersen window package installed in 2024 with transferable warranty. 2022: HVAC & Hot water tank. Roof replaced 2023. Vents cleaned 2025. Buyer must be park approved: 750+ credit score, 3x lot rent in verifiable income, proof of savings equal to 6x lot rent, and background check. Lot rent $1,010/month. Natural light floods the home, offering delightful views of the neighborhood and majestic mountains beyond. The gourmet kitchen is a chef's dream, equipped with sleek stainless steel appliances, durable solid-surface counters, and high-quality soft-close white shaker cabinets adorned with elegant crown molding. The focal point is the expansive island with a convenient breakfast bar, perfect for gathering with friends and family. The large main bedroom features a walk-in closet and an ensuite with a vessel sink & a tiled walk-in shower. Relax & entertain the guests in your cozy wrap-around deck! The resort-style Community amenities are waiting for you to enjoy. So don't miss the opportunity to make this impeccable home your own. It's an ideal canvas to create your perfect retreat, blending modern elegance with comfort and functionality. Located in the serene landscape of North Phoenix, this notable property is a gem within the premier 55+ active adult community of Boulder Ridge. Exhibiting exemplary cleanliness and expert management, this exclusive, gated sanctuary homes a collection of 263 exquisite residences, providing an atmosphere of utmost comfort and security. The community bestows upon its residents numerous deluxe resort-style amenities. These include, but are not limited to, two inviting heated swimming pools and separate heated spa, fitness center, a dynamic multi-sport court inclusive of Pickleball, engaging hiking trails, and an elegantly furnished clubhouse. Boulder Ridge is designed to accommodate a range of lifestyle choices, emerging as an ideal option for both year-round dwellers and seasonal visitors. The added convenience of on-site RV/boat parking caters to the requirements of residents owning mobile leisure vehicles, adding to the community's allure. Indeed, it presents a distinguished residential prospect well worth exploring.

11. 2026-04-03
    price $169,000 2693-char remark

    Show marketing remark (2693 chars)

    Be impressed by this fully transformed home with sleek, contemporary finishes inside and out. This 2-bed, 2-bath residence in the gated 55+ Boulder Ridge community feels brand new. Desert landscaping welcomes you along with two covered carport spaces and a storage unit. Inside, vaulted ceilings and an open layout create a bright, airy feel. Features include high-end flooring, 18 modern light fixtures with recessed lighting, a window seat, and a neutral color palette. Improvements: $30K+ Andersen window package installed in 2024 with transferable warranty. 2022: HVAC & Hot water tank. Roof replaced 2023. Vents cleaned 2025. Buyer must be park approved: 750+ credit score, 3x lot rent in verifiable income, proof of savings equal to 6x lot rent, and background check. Lot rent $1,010/month. Natural light floods the home, offering delightful views of the neighborhood and majestic mountains beyond. The gourmet kitchen is a chef's dream, equipped with sleek stainless steel appliances, durable solid-surface counters, and high-quality soft-close white shaker cabinets adorned with elegant crown molding. The focal point is the expansive island with a convenient breakfast bar, perfect for gathering with friends and family. The large main bedroom features a walk-in closet and an ensuite with a vessel sink & a tiled walk-in shower. Relax & entertain the guests in your cozy wrap-around deck! The resort-style Community amenities are waiting for you to enjoy. So don't miss the opportunity to make this impeccable home your own. It's an ideal canvas to create your perfect retreat, blending modern elegance with comfort and functionality. Located in the serene landscape of North Phoenix, this notable property is a gem within the premier 55+ active adult community of Boulder Ridge. Exhibiting exemplary cleanliness and expert management, this exclusive, gated sanctuary homes a collection of 263 exquisite residences, providing an atmosphere of utmost comfort and security. The community bestows upon its residents numerous deluxe resort-style amenities. These include, but are not limited to, two inviting heated swimming pools and separate heated spa, fitness center, a dynamic multi-sport court inclusive of Pickleball, engaging hiking trails, and an elegantly furnished clubhouse. Boulder Ridge is designed to accommodate a range of lifestyle choices, emerging as an ideal option for both year-round dwellers and seasonal visitors. The added convenience of on-site RV/boat parking caters to the requirements of residents owning mobile leisure vehicles, adding to the community's allure. Indeed, it presents a distinguished residential prospect well worth exploring.

12. 2026-02-24
    price $174,000 2693-char remark

    Show marketing remark (2693 chars)

    Be impressed by this fully transformed home with sleek, contemporary finishes inside and out. This 2-bed, 2-bath residence in the gated 55+ Boulder Ridge community feels brand new. Desert landscaping welcomes you along with two covered carport spaces and a storage unit. Inside, vaulted ceilings and an open layout create a bright, airy feel. Features include high-end flooring, 18 modern light fixtures with recessed lighting, a window seat, and a neutral color palette. Improvements: $30K+ Andersen window package installed in 2024 with transferable warranty. 2022: HVAC & Hot water tank. Roof replaced 2023. Vents cleaned 2025. Buyer must be park approved: 750+ credit score, 3x lot rent in verifiable income, proof of savings equal to 6x lot rent, and background check. Lot rent $1,010/month. Natural light floods the home, offering delightful views of the neighborhood and majestic mountains beyond. The gourmet kitchen is a chef's dream, equipped with sleek stainless steel appliances, durable solid-surface counters, and high-quality soft-close white shaker cabinets adorned with elegant crown molding. The focal point is the expansive island with a convenient breakfast bar, perfect for gathering with friends and family. The large main bedroom features a walk-in closet and an ensuite with a vessel sink & a tiled walk-in shower. Relax & entertain the guests in your cozy wrap-around deck! The resort-style Community amenities are waiting for you to enjoy. So don't miss the opportunity to make this impeccable home your own. It's an ideal canvas to create your perfect retreat, blending modern elegance with comfort and functionality. Located in the serene landscape of North Phoenix, this notable property is a gem within the premier 55+ active adult community of Boulder Ridge. Exhibiting exemplary cleanliness and expert management, this exclusive, gated sanctuary homes a collection of 263 exquisite residences, providing an atmosphere of utmost comfort and security. The community bestows upon its residents numerous deluxe resort-style amenities. These include, but are not limited to, two inviting heated swimming pools and separate heated spa, fitness center, a dynamic multi-sport court inclusive of Pickleball, engaging hiking trails, and an elegantly furnished clubhouse. Boulder Ridge is designed to accommodate a range of lifestyle choices, emerging as an ideal option for both year-round dwellers and seasonal visitors. The added convenience of on-site RV/boat parking caters to the requirements of residents owning mobile leisure vehicles, adding to the community's allure. Indeed, it presents a distinguished residential prospect well worth exploring.

13. 2026-01-16
    listed $179,000 Active 2693-char remark

    Show marketing remark (2693 chars)

    Be impressed by this fully transformed home with sleek, contemporary finishes inside and out. This 2-bed, 2-bath residence in the gated 55+ Boulder Ridge community feels brand new. Desert landscaping welcomes you along with two covered carport spaces and a storage unit. Inside, vaulted ceilings and an open layout create a bright, airy feel. Features include high-end flooring, 18 modern light fixtures with recessed lighting, a window seat, and a neutral color palette. Improvements: $30K+ Andersen window package installed in 2024 with transferable warranty. 2022: HVAC & Hot water tank. Roof replaced 2023. Vents cleaned 2025. Buyer must be park approved: 750+ credit score, 3x lot rent in verifiable income, proof of savings equal to 6x lot rent, and background check. Lot rent $1,010/month. Natural light floods the home, offering delightful views of the neighborhood and majestic mountains beyond. The gourmet kitchen is a chef's dream, equipped with sleek stainless steel appliances, durable solid-surface counters, and high-quality soft-close white shaker cabinets adorned with elegant crown molding. The focal point is the expansive island with a convenient breakfast bar, perfect for gathering with friends and family. The large main bedroom features a walk-in closet and an ensuite with a vessel sink & a tiled walk-in shower. Relax & entertain the guests in your cozy wrap-around deck! The resort-style Community amenities are waiting for you to enjoy. So don't miss the opportunity to make this impeccable home your own. It's an ideal canvas to create your perfect retreat, blending modern elegance with comfort and functionality. Located in the serene landscape of North Phoenix, this notable property is a gem within the premier 55+ active adult community of Boulder Ridge. Exhibiting exemplary cleanliness and expert management, this exclusive, gated sanctuary homes a collection of 263 exquisite residences, providing an atmosphere of utmost comfort and security. The community bestows upon its residents numerous deluxe resort-style amenities. These include, but are not limited to, two inviting heated swimming pools and separate heated spa, fitness center, a dynamic multi-sport court inclusive of Pickleball, engaging hiking trails, and an elegantly furnished clubhouse. Boulder Ridge is designed to accommodate a range of lifestyle choices, emerging as an ideal option for both year-round dwellers and seasonal visitors. The added convenience of on-site RV/boat parking caters to the requirements of residents owning mobile leisure vehicles, adding to the community's allure. Indeed, it presents a distinguished residential prospect well worth exploring.

14. 2023-08-15
    soldstatus $175,000 Closed 2807-char remark

    Show marketing remark (2807 chars)

    Get ready to be captivated by this truly remarkable home that has undergone a complete transformation and is now a completely brand new home with sleek contemporary finishes both inside and out. This 2-bed, 2-bath residence in the sought-after 55+ Boulder Ridge community is a true gem. From the moment you arrive, the desert landscape and convenient 2 carport parking spaces with a storage unit will impress you. Step inside and be greeted by an interior that exudes a welcoming and modern ambiance. The open layout, enhanced by vaulted ceilings, creates a spacious and airy atmosphere. Immerse yourself in the stylish design featuring new high-end flooring, 18 stunning light fixtures (including multiple recessed lighting), a cozy window seat, and a neutral palette that complements any décor. Natural light floods the home, offering delightful views of the neighborhood and majestic mountains beyond. The gourmet kitchen is a chef's dream, equipped with sleek stainless steel appliances, durable solid-surface counters, and high-quality soft-close white shaker cabinets adorned with elegant crown molding. The focal point is the expansive island with a convenient breakfast bar, perfect for gathering with friends and family. The large main bedroom features a walk-in closet and an ensuite with a vessel sink & a tiled walk-in shower. Relax & entertain the guests in your cozy wrap-around deck! The resort-style Community amenities are waiting for you to enjoy. So don't miss the opportunity to make this impeccable home your own. It's an ideal canvas to create your perfect retreat, blending modern elegance with comfort and functionality. Schedule a showing today and prepare to be amazed by all that this renovated contemporary beauty has to offer. Located in the serene landscape of North Phoenix, this notable property is a gem within the premier 55+ active adult community of Boulder Ridge. Exhibiting exemplary cleanliness and expert management, this exclusive, gated sanctuary homes a collection of 263 exquisite residences, providing an atmosphere of utmost comfort and security. The community bestows upon its residents numerous deluxe resort-style amenities. These include, but are not limited to, two inviting heated swimming pools and separate heated spa, fitness center, a dynamic multi-sport court inclusive of Pickleball, engaging hiking trails, and an elegantly furnished clubhouse. Boulder Ridge is designed to accommodate a range of lifestyle choices, emerging as an ideal option for both year-round dwellers and seasonal visitors. The added convenience of on-site RV/boat parking caters to the requirements of residents owning mobile leisure vehicles, adding to the community's allure. Indeed, it presents a distinguished residential prospect well worth exploring.

15. 2023-07-28
    historical Under Contract Accepting Backups 2807-char remark

    Show marketing remark (2807 chars)

    Get ready to be captivated by this truly remarkable home that has undergone a complete transformation and is now a completely brand new home with sleek contemporary finishes both inside and out. This 2-bed, 2-bath residence in the sought-after 55+ Boulder Ridge community is a true gem. From the moment you arrive, the desert landscape and convenient 2 carport parking spaces with a storage unit will impress you. Step inside and be greeted by an interior that exudes a welcoming and modern ambiance. The open layout, enhanced by vaulted ceilings, creates a spacious and airy atmosphere. Immerse yourself in the stylish design featuring new high-end flooring, 18 stunning light fixtures (including multiple recessed lighting), a cozy window seat, and a neutral palette that complements any décor. Natural light floods the home, offering delightful views of the neighborhood and majestic mountains beyond. The gourmet kitchen is a chef's dream, equipped with sleek stainless steel appliances, durable solid-surface counters, and high-quality soft-close white shaker cabinets adorned with elegant crown molding. The focal point is the expansive island with a convenient breakfast bar, perfect for gathering with friends and family. The large main bedroom features a walk-in closet and an ensuite with a vessel sink & a tiled walk-in shower. Relax & entertain the guests in your cozy wrap-around deck! The resort-style Community amenities are waiting for you to enjoy. So don't miss the opportunity to make this impeccable home your own. It's an ideal canvas to create your perfect retreat, blending modern elegance with comfort and functionality. Schedule a showing today and prepare to be amazed by all that this renovated contemporary beauty has to offer. Located in the serene landscape of North Phoenix, this notable property is a gem within the premier 55+ active adult community of Boulder Ridge. Exhibiting exemplary cleanliness and expert management, this exclusive, gated sanctuary homes a collection of 263 exquisite residences, providing an atmosphere of utmost comfort and security. The community bestows upon its residents numerous deluxe resort-style amenities. These include, but are not limited to, two inviting heated swimming pools and separate heated spa, fitness center, a dynamic multi-sport court inclusive of Pickleball, engaging hiking trails, and an elegantly furnished clubhouse. Boulder Ridge is designed to accommodate a range of lifestyle choices, emerging as an ideal option for both year-round dwellers and seasonal visitors. The added convenience of on-site RV/boat parking caters to the requirements of residents owning mobile leisure vehicles, adding to the community's allure. Indeed, it presents a distinguished residential prospect well worth exploring.

16. 2023-07-02
    listed $173,000 Active 2807-char remark

    Show marketing remark (2807 chars)

    Get ready to be captivated by this truly remarkable home that has undergone a complete transformation and is now a completely brand new home with sleek contemporary finishes both inside and out. This 2-bed, 2-bath residence in the sought-after 55+ Boulder Ridge community is a true gem. From the moment you arrive, the desert landscape and convenient 2 carport parking spaces with a storage unit will impress you. Step inside and be greeted by an interior that exudes a welcoming and modern ambiance. The open layout, enhanced by vaulted ceilings, creates a spacious and airy atmosphere. Immerse yourself in the stylish design featuring new high-end flooring, 18 stunning light fixtures (including multiple recessed lighting), a cozy window seat, and a neutral palette that complements any décor. Natural light floods the home, offering delightful views of the neighborhood and majestic mountains beyond. The gourmet kitchen is a chef's dream, equipped with sleek stainless steel appliances, durable solid-surface counters, and high-quality soft-close white shaker cabinets adorned with elegant crown molding. The focal point is the expansive island with a convenient breakfast bar, perfect for gathering with friends and family. The large main bedroom features a walk-in closet and an ensuite with a vessel sink & a tiled walk-in shower. Relax & entertain the guests in your cozy wrap-around deck! The resort-style Community amenities are waiting for you to enjoy. So don't miss the opportunity to make this impeccable home your own. It's an ideal canvas to create your perfect retreat, blending modern elegance with comfort and functionality. Schedule a showing today and prepare to be amazed by all that this renovated contemporary beauty has to offer. Located in the serene landscape of North Phoenix, this notable property is a gem within the premier 55+ active adult community of Boulder Ridge. Exhibiting exemplary cleanliness and expert management, this exclusive, gated sanctuary homes a collection of 263 exquisite residences, providing an atmosphere of utmost comfort and security. The community bestows upon its residents numerous deluxe resort-style amenities. These include, but are not limited to, two inviting heated swimming pools and separate heated spa, fitness center, a dynamic multi-sport court inclusive of Pickleball, engaging hiking trails, and an elegantly furnished clubhouse. Boulder Ridge is designed to accommodate a range of lifestyle choices, emerging as an ideal option for both year-round dwellers and seasonal visitors. The added convenience of on-site RV/boat parking caters to the requirements of residents owning mobile leisure vehicles, adding to the community's allure. Indeed, it presents a distinguished residential prospect well worth exploring.

17. 2021-02-11
    soldstatus $18,462 Closed
18. 2021-02-01
    historical Under Contract Accepting Backups
19. 2020-12-16
    listed $23,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 5 d/yr ≥110°F today · 13 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,377
• − Mortgage interest: −$8,906
• − Property taxes: −$2,385
• − Insurance: −$795
• − Repairs & maintenance: −$2,030
• − Management: −$2,030
• − Depreciation: −$4,625
• Taxable income: $4,605
• Est. tax owed @ 24.0%: −$1,105
• After-tax cash flow: $5,757/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Excellent 95/100 None rehab

This fully transformed home in the Boulder Ridge community is move-in ready with modern finishes and recent improvements.

Value-add opportunities

• Both Landscaping enhancement — Enhances curb appeal and adds value
• Both Painting exterior — Fresh paint can improve curb appeal and value
• Both Landscaping maintenance — Well-maintained landscaping adds to curb appeal and value

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping enhancement — Enhances curb appeal and adds value ↑
• Both Painting exterior — Fresh paint can improve curb appeal and value ↑
• Both Landscaping maintenance — Well-maintained landscaping adds to curb appeal and value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Paradise Valley Unified District (4241)
• NCES district ID: 0405930
• Math proficiency: 39% ▼ -11.00%
• Reading proficiency: 46% ▼ -7.00%
• Median HH income: $64,106
• Composite: 37.89/100
• National rank: #4316
• State rank: #56 of 249 in AZ

Livability — Phoenix

• Score: 75/100
• State rank: #16
• US rank: #3924

Category grades

Amenities A+ Commute A+ Cost of living B- Crime F Employment B- Housing A+ Health & safety C- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Phoenix, AZ
• County: Maricopa County · 4,537,380 people
• City population: 1,500,198
• Metro: Phoenix-Mesa-Chandler, AZ
• Population (ZIP): 26,199
• Household income: $106,724
• Rent vs Own: 34.1% rent · 65.9% own
• Severe rent burden: 547.0

Population outlook (Maricopa County) Hauer SSP2

• Today (2025): 4,979,203 people
• By 2030: 5,378,229 · +8.0%
• By 2040: 6,156,598 · +23.6%
• By 2050: 6,872,376 · +38.0%
• By 2075: 8,401,270 · +68.7%
• By 2100: 9,247,439 · +85.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 16% Two or more races 12% Asian 6% Black 2%
• Hispanic origin (detail): Mexican 13% Puerto Rican 1%
• Common ancestry: Romanian 3% Italian 3% Portuguese 3%
• Foreign-born: 12% · Canada, China, South Korea
• Languages at home: 78% English-only · Spanish 10% Other Indo-European 4% Russian/Polish/Slavic 1%

Political lean MEDSL · Maricopa

• 2024 margin: Toss-up / Even · D 47.7% · R 51.2% · Other 1.1%
• 2008→2024 swing: +7.1pp toward D · 2008: -10.6pp · 2024: -3.5pp
• All cycles: 2024: R+3.5 2020: D+2.2 2016: R+3.5 2012: R+12.0 2008: R+10.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -82.95%
• Current HPI: 312.7238
• Rent YoY: ▲ 1.44%
• Metro: Phoenix-Mesa-Chandler, AZ
• State GDP YoY: ▲ 4.54%
• F500 in state: 20

Industry mix (Fortune 500 HQ in AZ)

Industry	F500 HQs	Revenue
▸Technology	2	$13B
▸Mining / Metals	1	$23B
▸Environmental Services	1	$16B
▸Metals / Steel	1	$14B
▸Technology Distribution	1	$9B
▸Homebuilding	1	$8B

Price history

+591.3% since first listed

10 events — show timeline

• 2026-05-08 Price Changed $159,000 ARMLS
• 2026-04-03 Price Changed $169,000 ARMLS
• 2026-02-24 Price Changed $174,000 ARMLS
• 2026-01-16 Listed $179,000 ARMLS
• 2023-08-15 Sold (MLS) $175,000 ARMLS
• 2023-07-28 Contingent — ARMLS
• 2023-07-02 Listed $173,000 ARMLS
• 2021-02-11 Sold (MLS) $18,462 ARMLS
• 2021-02-01 Contingent — ARMLS
• 2020-12-16 Listed $23,000 ARMLS