1114 E ORCHID Lane, Phoenix, AZ 85020, Phoenix, 85020 - 3 bed, 2 bath
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Phoenix, AZ 85020
This property presents a High-Potential Investment Opportunity with a List Price of $345,000, which aligns with the $345,000 Fair Market Value. While the home maintains a Condition Rating of 4, the recent 2020 upgrades to the roof, HVAC, and solar provide a stable foundation for cosmetic interior renovations. The expansive lot near the Phoenix Mountain Preserve offers significant upside for value-add landscaping or structural expansion. This is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking to build equity through targeted interior modernization.
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 820 E BUTLER Drive Sold | $305,000 | 2 | 2 | 1,040 | $293 | 0.3 mi |
B 915 E ORCHID Lane Sold | $290,000 List Price | 3 | 2 | 1,092 | 0.2 mi | |
C 1502 E HATCHER Road Sold | $335,000 | 3 | 2 | 1,633 | $205 | 0.8 mi |
D 1517 E Carol Avenue Sold | $375,000 | 3 | 2 | 1,608 | $233 | 0.9 mi |
E 8120 N 10TH Place Sold | $446,000 | 3 | 2 | 1,701 | $262 | 0.5 mi |
F 1002 E ORCHID Lane Active | $384,999 List Price | 3 | 2 | 1,327 | $290 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property features excellent recent updates to major systems, including a new roof, HVAC, and water heater (2020), plus updated electrical and plumbing (2006). However, the interior is significantly dated; the kitchen and bathrooms reflect 15-30 year old renovation styles, and the living areas require cosmetic updates like new flooring and paint to meet modern standards.
The property features significant recent capital improvements, including a new roof, HVAC system, water heater, and solar panels all installed in 2020, minimizing immediate maintenance costs for the buyer.
Situated just minutes from the Phoenix Mountain Preserve, the home offers exceptional access to premier hiking and biking trails, making it highly desirable for outdoor enthusiasts.
With 'great bones' and major infrastructure already updated, this property presents a strong opportunity for investors or homeowners to build equity through cosmetic interior modernizations.
The property has been active on the market for 246 days, which may lead to buyer skepticism regarding its pricing strategy or underlying condition relative to the current market.
The description indicates a need for personal touches and cosmetic updates, suggesting that the 1958 interior likely requires a full renovation to meet modern buyer expectations.
Opportunity awaits in this well-maintained 4-bedroom, 2-bath home located in the heart of North Phoenix, just minutes from the Phoenix Mountain Preserve. Situated on a 6,000 sq. ft. lot, this home offers a spacious floor plan, generously sized bedrooms, a large kitchen with abundant cabinet space, and living areas ready for your personal touch. The major improvements have already been completed, allowing the next owner to focus on cosmetic updates and make the home their own. Recent updates include a new roof (2020), HVAC system (2020), water heater (2020), solar installed in 2020, updated electrical and plumbing (2006), and several newer windows installed in 2020. The expansive backyard offers endless possibilities with room to create an incredible outdoor entertaining space, add a pool, garden, or play area. A detached storage building provides additional flexibility for storage, hobbies, or a workshop. Whether you're a first-time buyer, investor, or someone looking for a home with great bones in an exceptional location, this property is full of potential. Conveniently located near the Phoenix Mountain Preserve, hiking and biking trails, shopping, dining, and easy freeway access, this is an opportunity you won't want to miss.
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 | 1,400 | - |
| Lot Size | 6,062 | - |
| Price | $345.0K | $495.4K |
| Price per sq ft | $246 | $290 |
| Built year | 1958 | 0 |
| HOA | $0 | $0 |
| Days on market | 259 | 1260 |
Nov 5, 2025
$345,000
Initial Listing