Phoenix Property Analysis

Presenting an institutional-quality asset at 735 E Northern Ave, a meticulously renovated 3-bedroom plus office home strategically positioned within Phoenix's thriving 85020 ZIP code. This property offers a turnkey solution for discerning buyers in a submarket characterized by high educational attainment (42.7% college graduates) and a median household income of $78,412. The residence is a private sanctuary, featuring a resort-style pool and a permitted 230 sq ft office addition, catering directly to the area's professional demographic. While the 85020 market has seen a minor 1.5% YoY price adjustment, the broader Phoenix economy is robust, with a projected 3-4% GDP growth for 2025, fueled by major employers like Banner Health (approx. 50,000 employees) and Intel's $20 billion+ local investment. The property's value is further underpinned by significant public investment, including the city's 2025-2034 Water Transmission Infrastructure Improvement Plan, ensuring long-term quality of life. Zoned for the high-performing Sunnyslope School (a B-rated institution), this home is not just a residence but a strategic investment in a stable, affluent, and economically vibrant community.

This property is positioned as a premier, turnkey residence for established professionals and families seeking luxury, convenience, and educational excellence. It stands apart from the typical inventory in the $500K-$1M segment by offering a complete, modern renovation in an established neighborhood where new construction is scarce, capitalizing on the area's strong income demographics ($78,412 median HH income) and professional employment base.

This asset represents a compelling investment opportunity within a dynamic economic hub. Phoenix's job growth (up 5.4% YoY in key sectors) is fueled by corporate giants like Intel, whose $20B+ investment in Chandler anchors regional prosperity. The local unemployment rate remains low, supported by a diverse employer base including Banner Health (50,000 employees). Major infrastructure projects, such as the city's multi-year Capital Improvement Plan for utilities and the nearly complete $800M Broadway Curve project, de-risk the investment and promise continued appreciation. Despite a localized 1.5% price dip in 85020, the property's premium renovation and location in a top school district position it to outperform the market.