1119 N 87th Place, Scottsdale, AZ 85257, Scottsdale, 85257 - 2 bed, 2 bath
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Scottsdale, AZ 85257
This Scottsdale Value-Add Residence represents a High-Potential Investment Opportunity with a List Price of $425,000—positioned well below the $648,387 Fair Market Value by 34%. This substantial valuation gap secures $223,387 in Instant Equity for the savvy buyer. The home maintains a Condition Rating of 4, featuring a newer AC unit, updated kitchen appliances, and a private patio. Located with immediate Loop 101 access near the highly-rated Hohokam Traditional School, this asset is an optimal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build rapid wealth through cosmetic modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1119 N 87th Place Subject | $425,000* List Price | 2 | 2 | 1,270 | $511 | - |
A 1065 N 86TH Place Sold | $465,000 | 2 | 2 | 1,355 | $343 | 0.1 mi |
B 1065 N 86TH Place Sold | $465,000 | 2 | 2 | 1,355 | $343 | 0.1 mi |
C 1818 N 87TH Terrace Sold | $480,000 List Price | 3 | 2 | 1,464 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained but reflects its 1983 construction with dated features such as fluorescent light boxes, original-style cabinetry, and older tile flooring. While it has a newer AC and kitchen appliances, the overall aesthetic requires cosmetic updates to meet modern standards.
Situated in the desirable Trails at Scottsdale with immediate access to the Loop 101, offering excellent connectivity to local amenities and the greater Phoenix area.
The home features a high-quality AC unit only 6 years old and kitchen appliances replaced within the last 2 years, providing peace of mind and reducing immediate maintenance costs.
With a functional 2-bedroom layout and a 'world of potential,' this property serves as an ideal canvas for investors or buyers looking to build equity through personalized renovations.
The assigned middle and high schools carry lower performance ratings (4 and 3 respectively), which may be a consideration for families prioritizing educational rankings.
Built in 1983 and marketed for its potential, the property likely requires cosmetic updates and modernization to compete with newer or fully renovated homes in the area.
Great location! Home is in the Trails in Scottsdale with easy access to the 101! This home is warm and inviting and has a world of potential. Newer high quality AC unit only 6 years old. Nice kitchen appliances only a couple years old as well. You need to see this home!
No exterior & parking available.
Grades PK-6 • 0.9 mi
Grades 6-8 • 2.6 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 5% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,270 | 1,620 | 9% |
| Lot Size | 5,575 | 7,443 | 5% |
| Price | $425.0K | $562.5K | 36% |
| Price per sq ft | $335 | $343 | 46% |
| Built year | 1983 | 1960 | 95% |
| HOA | $207 | $0 | 95% |
| Days on market | 47 | 1959 | 1% |
Mar 7, 2026
$425,000
Initial Listing