
Phoenix, AZ 85014
This Updated Mid-Century Ranch represents a Strong Value Opportunity, listed at $465,000—positioned well below the $473,031 Fair Market Value by 1%. This valuation gap secures $8,031 in Instant Equity. Boasting a Condition Rating of 3, the residence features critical upgrades including a 2024 HVAC, full re-plumb, and 2014 roof. The 8,059 sqft lot and "clean slate" interior provide significant upside for forced appreciation within the prestigious Madison School District. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1020 E Oregon Avenue Subject | $465,000* List Price | 3 | 2 | 1,346 | $351 | - |
A 1221 E OREGON Avenue Sold | $485,000 | 3 | 1 | 1,226 | $396 | 0.3 mi |
B 4727 N 9TH Street Sold | $445,000 | 3 | 2 | 1,280 | $348 | 0.5 mi |
C 1101 E OREGON Avenue Sold | $425,000 | 3 | 1 | 1,232 | $345 | 0.1 mi |
D 1320 E PALO VERDE Drive Sold | $560,000 | 3 | 2 | 1,516 | $369 | 0.7 mi |
E 1221 E OREGON Avenue Sold | $485,000 | 3 | 1 | 1,224 | $396 | 0.3 mi |
F 1221 E OREGON Avenue Sold | $485,000 | 3 | 1 | 1,224 | $396 | 0.3 mi |
G 940 E Berridge Lane Pending | $480,000 List Price | 3 | 2 | 1,558 | $308 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1952 build date, the property is well-maintained and move-in ready with major system upgrades including a new HVAC (2024), full re-plumb (2021), and roof (2014). While the kitchen and baths are functional and clean, they are aesthetically dated, fitting the 'clean slate' description for future cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8059, living area = 1346.
The home features significant high-ticket improvements including a new HVAC system (2024), updated attic insulation (2024), a full re-plumb, and a replaced sewer line, minimizing immediate maintenance costs for the buyer.
Situated in the highly desirable 85014 corridor, the property offers exceptional access to the Biltmore area, major commuting arteries (SR-51, I-10), and the sought-after Madison Elementary School District.
While functional and clean, the interior is described as a 'clean slate,' suggesting that buyers will likely need to budget for cosmetic renovations to bring the 1952 aesthetic up to modern luxury standards.
Despite being in a popular district, the assigned public schools currently hold average to lower ratings (ranging from 4 to 6), which may be a deterrent for some education-focused families.
Nestled in the heart of Phoenix's highly desirable 85014 corridor, this thoughtfully updated single-level home blends timeless 1952 character with meaningful modern improvements. Situated on an expansive 8,067 square foot north/south facing lot, the property offers both immediate comfort and long-term potential. Spanning over 1,500 square feet, the home features a functional three-bedroom, two-bath layout with tile flooring throughout for a clean, cohesive aesthetic and easy maintenance. Light-filled living spaces create a warm and inviting atmosphere, ideal for both everyday living and entertaining. While the home has been well maintained, it also presents a true opportunity--a clean slate for a buyer to thoughtfully update and design to their own style and preferences. Significant system upgrades provide true peace of mind, including a solid re-shingle roof in 2014, HVAC system replaced in 2024, enhanced / added attic insulation in 2024 & a full re-plumb completed just three years ago. The sewer line has also been replaced all the way to the main alley--an important and often overlooked improvement. The kitchen is fully equipped with all appliances conveying, including range/oven, dishwasher, washer, and dryer, making this a truly move-in ready opportunity. Outdoors, the full perimeter block fence enhances privacy, while the generous lot offers endless possibilities--whether creating a lush garden retreat, adding a pool, or expanding the home. Located within the sought-after Madison Elementary School District, residents have access to well-regarded elementary and middle school options. High school students have many great options in North High, Central High, Brophy Prep or Xavier High Schools. The location itself is exceptional--offering quick access to SR-51, I-10, and Loop 202, making commuting across the Valley effortless. Just minutes away, you'll find premier shopping destinations such as Biltmore Fashion Park and Camelback Colonnade, along with a rich collection of dining experiences including The Henry, Durant's, and Chelsea's Kitchen. This property represents a rare opportunity to own a home that not only offers classic charm and a prime central location but also delivers on the improvements that matter most--allowing you to focus on customizing the interior while enjoying the confidence of major systems already in place.
No exterior & parking available.
Grades 5-8 • 0.8 mi
Grades PK-4 • 0.9 mi
Grades 9-12 • 2.4 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 | 1,346 | 1,702 | 24% |
| Lot Size | 8,059 | 7,842 | 58% |
| Price | $465.0K | $485.0K | 46% |
| Price per sq ft | $345 | $320 | 60% |
| Built year | 1952 | 1952 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 1699 | 1% |
Apr 30, 2026
$465,000
Initial Listing