The Flip Potential of 2022 E Gardenia Ave Phoenix, AZ🏡 is low.
Current Specs
5 Bed / 3.5 Bath
3,178 sqft
$536 per sqft
Estimated Value$1,702,777
Flip Advice
This Phoenix property, built in 1971 with 3,178 sqft, 5 beds, and 3.5 baths, has potential for flipping but requires careful consideration. Located in the desirable Camelback East neighborhood, it recently sold for $2.125M in 2022, significantly above its current estimated value of $1.7M. The property's historical values show volatility, indicating market fluctuations in the area.
Given the recent high sale price and current lower valuation, immediate flipping may not yield substantial profits. Consider holding the property for appreciation, as Phoenix's housing market is projected to grow. If pursuing a flip, focus on cost-effective upgrades that boost value without overinvesting. Target improvements that align with local buyer preferences and emphasize the property's spacious layout and desirable location.
The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.
Flip Scenarios
Explore renovation scenarios based on recent comps that could increase the value of 2022 E Gardenia Ave: