1114 E ORCHID Lane, Phoenix, AZ 85020, Phoenix, 85020 - 3 bed, 2 bath
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Phoenix, AZ 85020
This Value-Add Residential Property is listed at $345,000, matching its $345,000 Fair Market Value to provide a stable and fair entry point into the North Phoenix market. The home features a Condition Rating of 4, benefiting from extensive 2020 capital improvements including a New Roof, AC, and Solar Panels, alongside updated electrical and plumbing. Located steps from the Phoenix Mountain Preserve, the property offers significant lifestyle perks and long-term utility savings. This listing is an ideal opportunity for Owner-Occupants looking to build equity through cosmetic updates or Buy-and-Hold Investors seeking a mechanically sound asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1114 E ORCHID Lane Subject | $345,000* List Price | 3 | 2 | 1,400 | $246 | - |
A 837 E ECHO Lane Sold | $387,000 | 4 | 2 | 1,448 | $267 | 0.3 mi |
B 837 E ECHO Lane Sold | $387,000 | 4 | 2 | 1,424 | $272 | 0.3 mi |
C 837 E ECHO Lane Sold | $387,000 | 4 | 2 | 1,366 | $283 | 0.3 mi |
D 915 E ORCHID Lane Sold | $290,000 List Price | 3 | 2 | 1,092 | 0.2 mi | |
E 837 E ECHO Lane Sold | $387,000 | 4 | 2 | 1,426 | $271 | 0.3 mi |
F 1042 E EL CAMINO Drive Sold | $410,000 | 3 | 2 | 1,400 | $293 | 0.3 mi |
G 418 E ORCHID Lane Active | $415,000 List Price | 4 | 2 | 1,450 | $286 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property benefits from significant recent mechanical updates, including a new roof, AC, solar panels, and water heater in 2020, along with electrical and plumbing updates in 2006. However, the interior remains dated and requires cosmetic modernization. The kitchen features mismatched cabinetry and older black appliances, the bathrooms show vintage fixtures and finishes, and the bedrooms contain dated pink carpeting. It is a well-maintained home that is functional but shows its age aesthetically.
The property boasts significant high-ticket upgrades including a new roof, AC, solar panels, and water heater all installed in 2020, plus updated electrical and plumbing from 2006.
Ideally situated just steps from the Phoenix Mountain Preserve, offering immediate access to premier hiking trails and scenic recreation in a highly sought-after North Phoenix pocket.
The combination of new solar panels and updated windows added in 2020 provides substantial long-term utility savings and environmental benefits for the homeowner.
Built in 1958, the home may possess architectural constraints or a traditional floor plan that requires further cosmetic modernization to appeal to contemporary design tastes.
At approximately 6,062 sq. ft., the lot size is relatively modest, which may limit options for significant backyard expansions or large-scale outdoor amenities.
Discover this inviting 3-bedroom, 2-bath home nestled on a spacious 6,000 sq. ft. lot in the heart of North Phoenix, just steps from the Phoenix Mountain Preserve. Enjoy a large kitchen with plenty of cabinet space, a bright and open family room, and generously sized bedrooms perfect for comfort and relaxation not to mention a NEW SOLAR 2020, NEW ELECTRICAL/PLUMBING 2006 & ROOF WAS REDONE 2020 + SOME NEW WINDOWS ADDED 2020. AC New 2020 & water heater 2020 Don't miss this rare opportunity to own a home in one of North Phoenix's most desirable locations!
No exterior & parking available.
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 | 1,400 | 1,918 | 21% |
| Lot Size | 6,062 | 8,306 | 13% |
| Price | $345.0K | $446.0K | 40% |
| Price per sq ft | $246 | $282 | 42% |
| Built year | 1958 | 1967 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 172 | 1413 | 14% |
Nov 5, 2025
$345,000
Initial Listing