1230 E PEORIA Avenue, Phoenix, AZ 85020, Phoenix, 85020 - 4 bed, 3 bath
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Phoenix, AZ 85020
This Value-Add Residential Property is listed at $369,000, matching its $369,000 Fair Market Value to provide a stable and fair entry point into the North Phoenix market. Featuring a Condition Rating of 4, the home offers a functional 4-bedroom layout with desirable Mountain Views, a Patio, and an R1-6 Zoned Lot that allows for a potential guest house. Located near Phoenix Mountain Preserve and served by Shadow Mountain High, Shea Middle, and Larkspur Elementary, the property presents a clear path to forced appreciation through modernization. This is an ideal asset for Buy-and-Hold Investors or Owner-Occupants looking to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1230 E PEORIA Avenue Subject | $369,000* List Price | 4 | 3 | 1,424 | $259 | - |
A 1346 E Shangri La Road Sold | $419,500 List Price | 3 | 2 | 1,545 | 0.4 mi | |
B 1514 E TURQUOISE Avenue Sold | $388,851 | 4 | 2 | 1,750 | $222 | 0.6 mi |
C 1229 E YUCCA Street Sold | $450,000 | 2 | 2 | 1,590 | $283 | 0.4 mi |
D 1229 E YUCCA Street Sold | $450,000 | 2 | 2 | 1,590 | $283 | 0.4 mi |
E 1229 E YUCCA Street Sold | $450,000 | 2 | 2 | 1,590 | $283 | 0.4 mi |
F 1502 E HATCHER Road Sold | $335,000 | 3 | 2 | 1,633 | $205 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, this property is well-maintained but shows significant signs of age with dated features such as painted block interior walls, older ceramic tile flooring, and basic light fixtures. While the home appears clean and functional, the listing description explicitly mentions the 'opportunity to personalize and add value,' suggesting that the kitchen and bathrooms are likely in original or older condition and require modernization to meet current market standards.
Situated near North Mountain and the Phoenix Mountain Preserve, the property offers immediate access to premier hiking, biking, and outdoor recreation.
The R1-6 zoning and absence of an HOA provide a rare opportunity to add significant value through the potential construction of a guest house or casita.
The home features desirable mountain views, enhancing the overall aesthetic appeal and providing a high-end feel for a property at this price point.
Built in 1961, the property likely requires modernization and updates to meet contemporary standards, as indicated by the need for personalization.
Fitting four bedrooms and three bathrooms into 1,424 square feet suggests a high-density floor plan with potentially small individual room sizes.
Well-priced detached 4-bedroom home with no HOA in North Phoenix, located near North Mountain and the Phoenix Mountain Preserve with quick access to hiking, biking, and outdoor recreation. Flexible layout with opportunity to personalize and add value over time. R1-6 lot may allow for a guest house or casita (buyer to verify with City of Phoenix). Seller is ready for offers.
No exterior & parking available.
Grades PK-6 • 2.0 mi
Grades 6-8 • 1.9 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 59% |
| Baths | 3.0 | 2.0 | 62% |
| Square foot | 1,424 | 1,918 | 23% |
| Lot Size | 6,175 | 8,306 | 16% |
| Price | $369.0K | $446.0K | 42% |
| Price per sq ft | $259 | $282 | 45% |
| Built year | 1961 | 1967 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 202 | 1413 | 21% |
Oct 6, 2025
$369,000
Initial Listing