1231 W ORCHID Lane, Phoenix, AZ 85021, Phoenix, 85021 - 4 bed, 3 bath
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Phoenix, AZ 85021
This Renovated Multi-Generational Estate is a Strong Value Opportunity, listed at $1,125,000—positioned well below the $1,186,429 Fair Market Value by 5%. This valuation gap offers $61,429 in Instant Equity. Boasting a Condition Rating of 2, the property features a high-end 2019 renovation and a detached guest house on a nearly half-acre irrigated lot with a pool. Located near the top-rated Sunnyslope High School, this home balances luxury with income potential. It is an ideal acquisition for Owner-Occupants or Multi-Generational Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1231 W ORCHID Lane Subject | $1,125,000* List Price | 4 | 3 | 2,460 | $482 | - |
A 8032 N 10TH Avenue Sold | $1,045,000 | 4 | 4 | 3,095 | $338 | 0.6 mi |
B 8024 N 7TH Avenue Sold | $1,099,000 | 4 | 4 | 3,079 | $357 | 0.7 mi |
C 8024 N 7TH Avenue Sold | $1,099,000 | 4 | 4 | 3,079 | $357 | 0.7 mi |
D 7830 N 7TH Avenue Active | $960,000 List Price | 4 | 3 | 2,335 | $411 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent an extensive renovation in 2019, meeting the criteria for a full remodel within the last 5 years. It features high-end modern finishes including a kitchen with quartz countertops and custom cabinetry, updated major systems, wood flooring, and a fully equipped detached guest house, all showing no signs of deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17093, living area = 2460.
The property features a fully equipped detached guest house with a full kitchen, laundry, and private entrance, providing excellent versatility for rental income or multi-generational living.
Extensively remodeled in 2019, the home boasts quality craftsmanship including quartz countertops, custom cabinetry, and updated major systems, offering a move-in-ready experience with modern aesthetics.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2460, other record living area = 1954.
While the high school is highly rated, the assigned elementary and middle schools have lower performance ratings, which may be a drawback for families with younger children.
Despite the comprehensive 2019 remodel, the 1959 original construction may still possess some structural or layout limitations inherent to mid-century homes compared to contemporary new builds.
Located in the highly sought-after Royal Palm neighborhood, this home was remodeled and updated in 2019 with quality craftsmanship throughout. Charming curb appeal with brick accents and mature landscaping. Features 3 bedrooms and 2 bathrooms with a functional split floor plan. Wood flooring in living areas, new carpet in bedrooms, custom cabinetry, quartz countertops, walk-in pantry, designer tile, and spacious laundry/mud room. Major systems updated during renovation. Detached guest house with full kitchen, laundry, and private entrance--ideal for guests or rental. Situated on nearly a half-acre irrigated lot with a large pool and mature trees. Close to Royal Palm Park and hiking at North Mountain.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 5-8 • 0.7 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 54% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 2,460 | 2,082 | 69% |
| Lot Size | 17,093 | 10,424 | 86% |
| Price | $1.12M | $384.0K | 85% |
| Price per sq ft | $457 | $272 | 92% |
| Built year | 1959 | 1959 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 1404 | 1% |
Mar 3, 2026
$1,125,000
Initial Listing