203 W MISSION Lane, Phoenix, AZ 85021, Phoenix, 85021 - 4 bed, 2 bath
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203 W MISSION Lane
Phoenix, AZ 85021
ACTIVE
CONDITION: GOOD
4Beds
2Baths
1,550Sq Ft
8,345Lot Size
Property Price
LIST PRICE$375,000
EST. MARKET VALUE
$366,974
SUMMARY
This 1947 residence represents a High-Potential Investment Opportunity, listed at $375,000—positioned slightly above the $366,975 Fair Market Value. While the property requires capital for system updates, its Condition Rating of 3 reflects recent cosmetic improvements. The expansive 8,345 sqft lot and proximity to the highly-rated Sunnyslope High School provide strong long-term utility. This asset offers significant upside for those capable of executing a strategic renovation plan. It is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build equity through modernization.
Estimated Market Value
$366,974
Based on Realkey algorithm analyzing recent comparable sales in Phoenix.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 203 W MISSION Lane Subject | $375,000* List Price | 4 | 2 | 1,550 | $237 | - |
A 1405 W BROWN Street Sold | $330,000 | 4 | 2 | 1,500 | $220 | 0.9 mi |
B 9615 N 7TH Avenue Sold | $325,000 | 3 | 2 | 1,277 | $255 | 0.4 mi |
C 9603 N 7TH Avenue Pending | $369,999 List Price | 3 | 2 | 1,471 | $252 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the structure dates to 1947, the interior has undergone a recent cosmetic renovation (likely within the last 5-10 years) featuring modern wood-look tile flooring, updated white shaker kitchen cabinets, and fresh paint. The home appears move-in ready and functional, though the exterior and core systems may eventually require attention due to the overall age of the property.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8345, living area = 1550.
- Prime Location & School District
Situated in the desirable North Central Heights, the property is within walking distance (0.27 miles) of the highly-rated Sunnyslope High School, a major draw for families.
- Generous Lot with Utility
The expansive 8,345 sqft lot includes a detached workshed, providing rare additional storage or hobby space in a central urban setting.
CONSRISKS & DEFICIENCIES
- Dated Condition
Built in 1947 and marketed as an 'opportunity to update,' the home likely requires significant capital expenditure for modernizing systems and finishes.
- Inconsistent School Ratings
While the high school is strong, the assigned elementary/middle school carries a low rating of 2, which may deter families with younger children.
About 203 W MISSION Lane
Charming 4-bedroom, 2-bath home in desirable North Central Heights. Approximately 1,550 sq ft of living space on a generous lot with detached workshed. Classic 1940s layout offers a great opportunity to update and personalize to your style. Convenient central Phoenix location close to shopping, dining, freeways, and amenities. Solid single-level floor plan with plenty of potential. Come see the possibilities!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 8,345 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Phoenix Unified Schools
Mountain View Elementary School
Grades PK-8 • 0.9 mi
2/10
Sunnyslope High School
Grades 9-12 • 0.3 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,550 | 1,850.5 |
| Lot Size | 8,345 | 7,313 |
| Price | $375.0K | $481.7K |
| Price per sq ft | $242 | $289 |
| Built year | 1947 | 1987 |
| HOA | $0 | $175 |
| Days on market | 26 | 757 |
Pricing History
Listed for Sale
Jul 30, 2026
$375,000
Initial Listing