
Phoenix, AZ 85020
This property presents a High-Potential Investment Opportunity with a List Price of $335,000—positioned well above the $249,512 Fair Market Value by -34%. While the current structure has a Condition Rating of 5, the Zoned R3 status and large 8,134 sqft lot provide significant upside for development. The property features an RV gate and mountain views, offering rare flexibility for expansion. This asset is best suited for Buy-and-Hold Investors or Developers focused on maximizing land utility through multi-dwelling construction.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10026 N 14TH Street Subject | $300,000* List Price | 3 | 2 | 862 | $327 | - |
A 8911 N 10TH Street Sold | $295,000 | 2 | 2 | 797 | $370 | 0.9 mi |
B 1218 E SHANGRI LA Road Pending | $299,900 List Price | 2 | 2 | 884 | $339 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954 (70+ years old), the property shows significant signs of age including cracked exterior concrete and weathered siding. While the bathroom has a recent budget-friendly cosmetic refresh, the small 862 sqft structure likely requires major system overhauls. The listing's heavy emphasis on 'Zoned R3' and 'future development' indicates the value is primarily in the land rather than the current dwelling.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8134, living area = 862.
The property is zoned R3 for multiple-dwelling units, offering significant investment upside and flexibility for builders or investors to maximize the lot's utility.
Featuring an 8,134 sqft lot with an RV gate and additional open space, the property provides ample room for large vehicle storage, recreational toys, or future structural expansion.
With only 862 square feet of living area for a three-bedroom configuration, the interior layout is notably small and may limit functional comfort for many buyers.
Built in 1954 and noted for its 'potential,' the home requires modernization and updates to meet current market standards, necessitating additional immediate capital investment.
Welcome to this 3 bedroom, 2 bathroom single-family home offering incredible potential and rare lot features. Perfect for homeowners, investors, or builders looking for Zoned R3 multiple-dwelling opportunity, this property delivers space, privacy, and flexibility. This home features an attached garage, a private fenced yard, and an additional open space behind the private yard--ideal for expansion, storage, or future development. The RV gate provides easy access for large vehicles, work trucks, or recreational toys. A storage shed is included for added convenience. Inside, the home offers a functional layout with great mountain views from the property. With some updates, this home can shine as a primary residence or become a high-performing investment property. Buyer to Verify All Facts
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 862 | - |
| Lot Size | 8,134 | - |
| Price | $300.0K | $495.4K |
| Price per sq ft | $348 | $290 |
| Built year | 1954 | 0 |
| HOA | $0 | $0 |
| Days on market | 71 | 1260 |
Jul 9, 2026
$300,000
$315,000
-5% Price Drop
Initial Listing
Jun 6, 2026
$315,000
$335,000
-6% Price Drop
Initial Listing
May 12, 2026
$335,000
Initial Listing