1216 W PALO VERDE Drive, Chandler, AZ 85224, Chandler, 85224 - 4 bed, 2 bath
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Chandler, AZ 85224
This Updated Single-Family Residence is a Prime Investment Opportunity, listed at $530,000—positioned well below the $546,712 Fair Market Value by 3%. This valuation gap provides $16,712 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the home features a Modernized Granite Kitchen, hard-surface flooring, and a private Diving Pool on a rare Oversized 10,633 SqFt Lot with No HOA. Located near the 9/10 rated Franklin Elementary, it perfectly balances lifestyle freedom with financial upside. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1216 W PALO VERDE Drive Subject | $530,000* List Price | 4 | 2 | 1,762 | $310 | - |
A 1158 W NOPAL Place Sold | $489,000 | 3 | 2 | 1,610 | $304 | 0.4 mi |
B 1605 W MARIPOSA Drive Sold | $480,000 | 4 | 2 | 1,544 | $311 | 0.7 mi |
C 1513 W Colt Road Sold | $415,000 | 3 | 2 | 1,508 | $275 | 0.7 mi |
D 1708 W CORTEZ Circle Active | $550,000 List Price | 4 | 2 | 1,646 | $334 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained. It features significant updates including a modernized kitchen with granite countertops and stainless steel appliances, refreshed bathrooms, and consistent hard-surface flooring throughout. While the 1980 build date and presence of popcorn ceilings reflect its age, the key living areas have been renovated within a timeframe that aligns with 'good' condition standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10633, living area = 1762.
Elementary School: Franklin Elementary School (9/10).
The property features a rare 10,633 sq. ft. oversized lot with a diving pool and no HOA, offering significant freedom and value for outdoor living and storage.
Built in 1980, the home may require ongoing maintenance or future updates to major systems like plumbing or electrical compared to newer builds in the area.
While the elementary school is conveniently close, the assigned high school has a lower rating of 4, which may be a consideration for families with older children.
This beautifully maintained 4-bed, 2-bath home is situated on an oversized lot with NO HOA-a rare find in today's market. Enjoy a private backyard retreat complete with a diving pool, expansive grass area, & mature citrus tree. Inside, the home features hard-surface flooring throughout, ideal for easy maintenance & reducing allergens. The updated kitchen showcases newer cabinetry, granite countertops, while the guest bathroom has been refreshed with a new vanity for a clean, updated feel. The spacious owner's suite includes a private exit to the backyard for easy access to the pool. One of the additional bedrooms also features its own private patio access. Conveniently located within walking distance to A-rated Pomeroy Elementary School, Shawnee Park & Shawnee Dog Park. A Chandler gem!
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades K-6 • 4.8 mi
Grades K-6 • 5.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,762 | 1,625 | 65% |
| Lot Size | 10,633 | 7,170 | 90% |
| Price | $530.0K | $415.0K | 88% |
| Price per sq ft | $301 | $283 | 63% |
| Built year | 1980 | 1983 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 52 | 2366 | 1% |
Mar 5, 2026
$530,000
Initial Listing