1012 W MONTOYA Lane, Phoenix, AZ 85027, Phoenix, 85027 - 3 bed, 2 bath
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Phoenix, AZ 85027
This Functional Single-Family Residence is listed at $374,999—positioned well below the $378,195 Fair Market Value by 1%. This valuation gap offers $3,196 in Instant Equity for incoming owners. While maintaining a Condition Rating of 4, the home features a rare oversized walk-in pantry, a covered patio, and a large lot with no HOA restrictions. Located near Barry Goldwater High, the property provides a solid foundation for cosmetic updates to force appreciation. This is an ideal opportunity for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1012 W MONTOYA Lane Subject | $374,999* List Price | 3 | 2 | 1,546 | $245 | - |
A 902 W ROSS Avenue Sold | $450,000 | 4 | 2 | 1,617 | $278 | 0.2 mi |
B 1431 W MONONA Drive Sold | $380,000 | 3 | 2 | 1,458 | $261 | 0.4 mi |
C 510 W MOHAWK Lane Sold | $391,000 | 3 | 2 | 1,620 | $241 | 0.3 mi |
D 19055 N 5TH Avenue Sold | $420,000 | 3 | 2 | 1,411 | $298 | 1.0 mi |
E 1425 W SEQUOIA Drive Sold | $370,000 | 3 | 2 | 1,417 | $261 | 0.7 mi |
F 1425 W SEQUOIA Drive Sold | $370,000 | 3 | 2 | 1,417 | $261 | 0.7 mi |
G 1758 W MENADOTA Drive Active | $435,000 List Price | 4 | 3 | 1,668 | $261 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is clean and well-maintained but remains largely in its original 1983 condition. While functional and livable, it features dated elements such as popcorn ceilings, original oak-style cabinetry, and laminate countertops in the bathrooms. The flooring is a mix of older tile and carpet, and the overall aesthetic requires cosmetic modernization to meet current market standards, fitting the criteria for a home built over 40 years ago with no major recent renovations.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7380, living area = 1546.
The home is clean and livable but offers significant potential for buyers to build sweat equity through cosmetic modernizations and updates to the 1983 interior.
The kitchen includes an oversized walk-in pantry, a rare and highly functional feature for this floor plan that adds significant storage value.
The property requires immediate cosmetic investment in flooring and modern finishes to move away from its original 1980s feel.
The assigned local schools carry lower ratings (3/10 and 5/10), which may impact long-term resale value and appeal to families with children.
This North Phoenix home offers a strong opportunity for buyers looking to build equity and make a space their own. The layout is functional and well proportioned, with tile flooring in the main living areas and carpet in the bedrooms. The home is clean and livable as is, but could benefit from cosmetic updates, giving the next owner the chance to modernize it to their taste. The kitchen includes an oversized walk in pantry closet which is a rare find! The overall floor plan makes practical use of the square footage and offers flexibility for future improvements. Out back, a covered patio provides shaded outdoor space, and the landscaping is simple and easy to maintain. A separate storage shed adds extra room for tools, equipment, or projects. Located near major freeways, shopping, and dining, the home combines convenience with long term potential. For buyers willing to invest some updating, this property presents a solid value and a chance to create something that truly fits their vision.
No exterior & parking available.
Grades K-5 • 14.6 mi
Grades 7-8 • 1.9 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,546 | 1,390.5 | 65% |
| Lot Size | 7,380 | 7,201 | 53% |
| Price | $375.0K | $369.0K | 51% |
| Price per sq ft | $243 | $259 | 39% |
| Built year | 1983 | 1985 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 1349 | 0% |
Feb 27, 2026
$374,999
Initial Listing