1124 W NANCY Lane, Phoenix, AZ 85041, Phoenix, 85041 - 2 bed, 2 bath
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Phoenix, AZ 85041
This turnkey single-family residence represents a High-Potential Investment Opportunity with a List Price of $325,000—positioned well below the $449,085 Fair Market Value by 27%. This valuation gap offers $124,085 in Instant Equity for the buyer. Currently holding a Fair Condition Rating, the home features tile flooring throughout, new mechanical systems, and an expansive backyard with a covered patio. Located near John R Davis School, this asset combines move-in readiness with significant equity. It is ideal for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1124 W NANCY Lane Subject | $325,000 | 2 | 2 | 912 | $492 | - |
A 5244 S 18TH Avenue Sold | $257,500 | 3 | 1 | 1,001 | $257 | 0.8 mi |
B 2007 W HIDALGO Avenue Sold | $324,000 | 3 | 2 | 1,002 | $323 | 0.8 mi |
C 2007 W HIDALGO Avenue Sold | $324,000 | 3 | 2 | 1,002 | $323 | 0.8 mi |
D 2007 W HIDALGO Avenue Sold | $324,000 | 3 | 2 | 1,000 | $324 | 0.8 mi |
E 5429 S 17TH Lane Sold | $285,000 | 3 | 2 | 1,015 | $281 | 0.7 mi |
F 6401 S 4TH Avenue Sold | $285,000 | 3 | 1 | 947 | $301 | 0.5 mi |
G 803 W LYDIA Lane Active | $260,000 List Price | 2 | 1 | 964 | $270 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 2000 (25 years ago) and falls within the 'fair' age bracket. While the home is well-maintained, 'turnkey,' and features some updates like tile flooring, fresh exterior paint, and new mechanical systems (water heater, softener), it retains original-style oak cabinetry and basic fixtures. It has not undergone an extensive modern renovation of the kitchen or bathrooms to qualify for a higher rating.
The property is exceptionally well-maintained and move-in ready, featuring fresh exterior paint and significant mechanical upgrades including a new water heater, water softener, and reverse osmosis system.
Situated on a generous 6,180 square foot lot, the home offers a large backyard with a covered patio and storage shed, providing ample room for outdoor entertaining and storage.
The interior features tile flooring throughout the entire home, offering a durable, easy-to-clean surface that is ideal for the Phoenix climate and enhances the home's longevity.
At just 912 square feet, the interior living space is relatively compact for a two-bedroom home, which may limit its appeal to buyers seeking more spacious common areas or larger bedrooms.
The local assigned schools have lower performance ratings (4/10 and 3/10), which could be a drawback for families prioritizing education and may impact future resale value.
TURNKEY 2-BEDROOM, 2-BATH HOME! THIS BEAUTIFULLY MAINTAINED HOME FEATURES TILE FLOORING THROUGHOUT, A NEW SLIDING DOOR, AND FRESH EXTERIOR PAINT. RECENT UPGRADES INCLUDE A NEW WATER HEATER, WATER SOFTENER, AND REVERSE OSMOSIS SYSTEM. ENJOY THE HUGE BACKYARD WITH A COVERED PATIO AND STORAGE SHED—PERFECT FOR ENTERTAINING AND OUTDOOR LIVING. THIS MOVE-IN READY PROPERTY SHOWS TRUE PRIDE OF OWNERSHIP AND IS LOCATED IN A HIGHLY DESIRABLE AREA. DON'T MISS THIS GREAT OPPORTUNITY!
No exterior & parking available.
Grades PK-8 • 0.2 mi
Grades 9-12 • 3.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 4% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 912 | 1,760 | 3% |
| Lot Size | 6,180 | 6,600 | 43% |
| Price | $325.0K | $350.0K | 43% |
| Price per sq ft | $356 | $197 | 96% |
| Built year | 2000 | 2004 | 28% |
| HOA | $35 | $65 | 32% |
| Days on market | 140 | 827 | 12% |
No pricing history data available.