11694 W MONROE Street, Avondale, AZ 85323, Avondale, 85323 - 3 bed, 2 bath
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Avondale, AZ 85323
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $385,000—positioned well above the $344,451 Fair Market Value by -11%. While the property requires capital for updates due to its Fair Condition Rating and aging infrastructure, it offers a functional layout in the desirable Coldwater Springs community. With low HOA fees and proximity to Collier Elementary, this asset provides a stable foundation for value-add projects. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term equity through strategic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11694 W MONROE Street Subject | $385,000* List Price | 3 | 2 | 1,540 | $224 | - |
A 513 S 115TH Drive Sold | $389,990 | 4 | 2 | 1,896 | $206 | 0.5 mi |
B 817 S 113TH Avenue Sold | $414,000 List Price | 4 | 2 | 1,977 | 0.9 mi | |
C 518 S 122ND Lane Sold | $461,200 | 4 | 2 | 2,068 | $223 | 0.8 mi |
D 11641 W Adam Street Active | $360,000 List Price | 3 | 2 | 1,540 | $234 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2004, the property is 22 years old, placing it in the 'Fair' category (>20y). While the exterior and desert landscaping appear well-maintained, the age suggests that major systems (HVAC/Roof) and interior finishes in the kitchen and bathrooms are likely original and dated, requiring minor repairs or modern updates to meet current market standards.
Located in the sought-after Coldwater Springs subdivision, this property offers a high-quality lifestyle with an exceptionally low monthly HOA fee of just $45, maximizing buyer affordability.
The home is situated within walking distance (0.36 miles) of Collier Elementary School, providing significant daily convenience for families with young children.
With 1,540 square feet of living space and a 3-bedroom, 2-bathroom configuration, the home offers a practical and efficient floor plan suitable for a wide range of buyer profiles.
The assigned public schools carry lower academic ratings (3 and 4 out of 10), which may be a consideration for families prioritizing high-performing educational districts.
Built in 2004, the property is approaching a 20-year milestone where major systems like the HVAC or roof may soon require professional inspection or capital investment for replacement.
Exceptional opportunity in Avondale. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades PK-8 • 0.4 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,540 | - |
| Lot Size | 5,520 | - |
| Price | $385.0K | $409.8K |
| Price per sq ft | $250 | $207 |
| Built year | 2004 | 0 |
| HOA | $45 | $0 |
| Days on market | 45 | 2987 |
Jun 8, 2026
$385,000
Initial Listing