1116 E CINNABAR Avenue, Phoenix, AZ 85020, Phoenix, 85020 - 2 bed, 2 bath
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Phoenix, AZ 85020
This Single Family Residence is a Strong Value Opportunity, listed at $299,990—positioned well below the $331,763 Fair Market Value by 9%. This valuation gap offers $31,773 in Instant Equity for the buyer. The property is in Good Condition (Score: 3), featuring a detached workshop and mountain views. While the elementary school rating is modest, the home’s proximity to North Mountain and Central Phoenix dining provides significant lifestyle appeal. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1116 E CINNABAR Avenue Subject | $299,990* List Price | 2 | 2 | 1,426 | $233 | - |
A 1432 E PURDUE Avenue Sold | $310,000 | 3 | 1 | 1,389 | $223 | 0.5 mi |
B 1514 E TURQUOISE Avenue Sold | $388,851 | 4 | 2 | 1,750 | $222 | 0.5 mi |
C 1502 E HATCHER Road Sold | $335,000 | 3 | 2 | 1,633 | $205 | 0.6 mi |
D 1517 E Carol Avenue Sold | $375,000 | 3 | 2 | 1,608 | $233 | 0.6 mi |
E 9124 N 12TH Street Active Under Contract | $300,000 List Price | 3 | 2 | 1,277 | $235 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008 (16 years old), the property falls within the 10-20 year age bracket for 'Good' condition. The interior is well-maintained and move-in ready with wood laminate flooring and functional, though basic, bathroom finishes. While the use of wall/window AC units and older-style oak vanities suggests a more budget-friendly build, the home is clean and requires no immediate major maintenance.
Ideally situated in the North Central Phoenix corridor with North Mountain in the backyard, offering both scenic mountain views and immediate access to premier local dining and outdoor recreation.
The property features a detached workshop and a separate garage, providing exceptional flexibility for use as a private home office, creative studio, or extensive additional storage.
Constructed in 2008, this home offers contemporary advantages over older area properties, including vaulted ceilings, abundant natural light, and low-maintenance wood laminate and tile flooring.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
With only two bedrooms, the property may appeal to a narrower demographic, potentially excluding larger families or buyers requiring multiple guest rooms and a dedicated office.
The assigned elementary school has a lower rating of 3, which may be a point of concern for families prioritizing high-performing primary education districts.
Location, charm, and natural light are what set this North Central Phoenix gem apart. Perfectly positioned just minutes from the valley's most exciting dining in Central Phoenix and with North Mountain practically in your backyard, the lifestyle here is hard to beat. Step inside and you are welcomed by a cozy fireplace in the living room and wood laminate flooring that flows seamlessly throughout the main living areas, complemented by tile in both bathrooms for easy, low-maintenance living. One of the bedrooms is a true retreat, featuring soaring vaulted ceilings, an abundance of natural light, and classic white wood shutters. It is the kind of space that feels thoughtfully designed and completely your own. Outside, the property continues to impress. A detached workshop provides incredible flexibility, whether you envision a private home office, creative studio, or extra storage. A separate garage and additional storage space at the front of the property rounds out this move-in-ready opportunity in one of Phoenix's most sought-after corridors. Homes like this in North Central Phoenix do not last long. Come see it for yourself.
No exterior & parking available.
Grades K-8 • 0.7 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 14% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,426 | 2,129 | 18% |
| Lot Size | 6,887 | 8,773 | 31% |
| Price | $300.0K | $388.9K | 44% |
| Price per sq ft | $210 | $240 | 46% |
| Built year | 2008 | 1968 | 93% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 1212 | 1% |
May 27, 2026
$299,990
Initial Listing