Wednesday, November 29, 2023 12:39 am

5 Phoenix homes flipped within year for biggest profit

By Point2 | AZ Big Media

Analyzing the Phoenix homes that changed owners twice within last year, the five properties below are the most profitable. Bringing their former owners between $460,000 and $600,000 in just a few short months, these homes are also proof of Phoenix’s increasingly dynamic real estate market. Homes here don’t seem to spend much time on the market, pointing to the city’s growing appeal.

1. 5426 E. Pinchot Ave., Phoenix

• 4 beds, 3 baths, 2,942 square feet• vaulted ceilings, fireplace, wood porcelain flooring, two large front courtyards with seating areas, covered patio with BBQ area, two-car garage• May 2020 Sale Price: $402,400• December 2020 Sale Price: $1,002,102• Price Difference: $599,702

2. 3523 N. 34th Pl., Phoenix

• – beds, 4.7 baths, 3,304 square feet• details N/A• April 2020 Sale Price: $643,000• November 2020 Sale Price: $1,161,250• Price Difference: $518,250

3. 4119 E. Pinchot Ave., Phoenix

•- beds, 2 baths, 1,452 square feet• details N/A• July 2020 Sale Price: $480,879• December 2020 Sale Price: $985,771• Price Difference: $504,892

4. 6420 N. 31st Pl., Phoenix

• 3 beds, 2.5 baths, 2,641 square feet• views of Piestewa peak, spacious master retreat, impressive en-suite, direct access to the covered back patio• March 2020 Sale Price: $810,000• December 2020 Sale Price: $1,280,000• Price Difference: $470,000

5. 70 W. Encanto Blvd., Phoenix

• 3 beds, 2.5 baths, 1,930 square feet• new pool, and new garage built to be easily converted to livable/pool house• May 2020 Sale Price: $326,000• November 2020 Sale Price: $789,000• Price Difference: $463,000

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February 2021