12 days on rocket

2905 E Grovers Ave Unit 140, Phoenix, AZ, 85032

$460,000

0.84 Acres
Land

Location

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Property Highlights

Home TypeOther
MLS #6791551
Lot Size0.84 Acres
StatusActive

About 2905 E Grovers Ave Unit 140

6791551 (2905 E Grovers Ave): $460,000 6791549 (2700 E Greenway Pkwy): $540,000 Marcus & Millichap is pleased to present Greenway & Grovers (combined 30-unit apartment homes), two prime multifamily development opportunities in the established North Phoenix submarket. Both sites have been entitled and are currently in the building review phase with the city of Phoenix. Greenway (16-units) offers a combination of two- and three-bedroom floorplans averaging ±1,332 square feet, and Grovers (14-units) offers a combination of two- and three-bedroom floorplans averaging ±1,347 square feet, on low density site plans. The scarcity of developable land in this submarket creates high barriers to entry, underscoring the exclusivity of the North Phoenix location and promoting long-term rent growth prospects. With an average single-family home price of ±525,000 within a three-mile radius the rent-vs-own affordability gap supports sustained renter demand that is anticipated to continue. Strong area demographics further enhance the investment potential, boasting an average household income of $92,445 and a median household income of $69,395, with 65% of residents occupying white-collar professions. Additionally, the highly anticipated Taiwan Semiconductor Manufacturing Company (TSMC) marks the largest direct foreign investment in Arizona's history, which is expected to create thousands of high-quality jobs and drive economic growth. Additionally, a robust healthcare presence supported by numerous medical centers and hospitals in the vicinity promote a durable employment base.

Property Details

Property Features

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (602) 687-6700
  • Listing Agent: Christopher Paul Bay

Lot Features

Lot Information:

  • Lot Size: 0.84 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $460,000
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Housing Market Comparison

See how this home compares to others in Phoenix, AZ.

Med. Sold Price

$452.3K

Med. Price/SqFt

$285

Avg. Days On Market

63

# of Sold Homes

1138

2905 E Grovers Ave Unit 140 vs Phoenix

12 DAYS ON ROCKET

-51 Days

$460,000

+$7.6K More

KEY TAKEAWAY

This property is $7.6K more than the Median Sold Price in Phoenix, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Arizona Regional Multiple Listing Service 2
  • MLS Number: #6791551

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (602) 687-6700
  • Listing Agent: Christopher Paul Bay

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 12:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$2,363

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,446

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-36
3
/10
  • Campo Bello Elementary School

  • 2625 E Grovers Ave

  • 0.32 miles

  • Public District Grades KG-6

school-card-donut-37
2
/10
  • Palomino Primary School

  • 15833 N 29th St

  • 1.06 miles

  • Public District Grades PK-3

school-card-donut-38
9
/10
  • Quail Run Elementary School

  • 3303 E Utopia Rd

  • 1.14 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $58,279. Most Phoenix, AZ residents have annual incomes between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2905 E Grovers Ave Unit 140

What is the listing price of this property?

The listing price of 2905 E Grovers Ave Unit 140 property is $460,000.

What type of property is this?

The property 2905 E Grovers Ave Unit 140 is land located in Phoenix, Arizona, 85032.

Is this property for sale now?

Active Listing: 2905 E Grovers Ave Unit 140 is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 2905 E Grovers Ave Unit 140 is 0.84 acres.
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Rocket HomesArizonaMaricopa CountyPhoenix850322905 E Grovers Ave Unit 140

This home is located at 2905 E Grovers Ave Unit 140 in Phoenix, AZ and zip code 85032 in the Paradise Valley Village neighborhood. This home sits on a 0.84 acre lot. It has been listed on Rocket Homes since December 06, 2024 and is currently priced at $460,000.

While more than 201 listings in Phoenix, AZ in November 2024 were sold above asking price, there were more than 301 listings sold at asking price, and more than 636 were sold below. The inventory of homes for sale in Phoenix, AZ between October 2024 and November 2024 decreased by 1.4%. In November 2024, listings were on the market for 63 days. During the same period, the median list price in this real estate market was $452,345.

From Rocket Homes Real Estate and based on county public records data.

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