20370 N 109th Drive, Peoria, AZ 85373, Peoria, 85373 - 3 bed, 2 bath
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20370 N 109th Drive
Peoria, AZ 85373
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,828Sq Ft
9,000Lot Size
Property Price
LIST PRICE$450,000
EST. MARKET VALUE
$458,182
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $458,182 Fair Market Value by 1.8%. This valuation gap offers $8,182 in Instant Equity. Featuring a Condition Rating of 5, the home requires a full interior rehab, yet offers a rare Waterfront Location with a Private Pool and Large 9,000 sqft Lot. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to renovate a home in a premier 55-plus community.
Estimated Market Value
$458,182
Based on Realkey algorithm analyzing recent comparable sales in Peoria.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20370 N 109th Drive Subject 3 bd · 2 ba · 1,828 sqft · $251 | $450,000* List Price | 3 | 2 | 1,828 | $251 | - |
A 20353 N 109th Ave Active 3 bd · 2 ba · 2,034 sqft · $191 · 0.2 mi | $389,000 List Price | 3 | 2 | 2,034 | $191 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1987 (39 years old) and explicitly marketed as a 'fixer upper.' The interior features original 1980s finishes including dated cabinetry, tile countertops with wide grout, wallpaper borders, and aging carpet, indicating a need for a full rehab.
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 = 9000, living area = 1828.
- Premium Waterfront Location
Situated on a rare waterfront lot within a quiet cul-de-sac, this property offers scenic views and direct access to the community's interconnected lake system.
- Private Outdoor Amenities
The backyard is a standout feature for entertaining, boasting a private sparkling pool, a large gazebo, and mature landscaping with fruit trees.
CONSRISKS & DEFICIENCIES
- Fixer-Upper Condition
The property is explicitly listed as a fixer-upper, indicating that significant renovation and additional capital investment will be required to modernize the 1987 interior.
- Age-Restricted Market
As a 55-plus active adult community, the potential buyer pool is restricted by age, which may limit resale velocity compared to non-restricted residential areas.
About 20370 N 109th Drive
Charming fixer upper ON THE WATER, IN A CUL-DE-SAC, WITH A SPARKLING POOL in a stunning 55-plus active adult water community. This home offers a canvas for YOUR vision. Surrounded by 30 acres of interconnected lakes featuring waterfalls, scenic walking paths, and private docks for catch-and-release fishing and non-motorized boating. Residents enjoy a central clubhouse, swimming pool, and tennis & pickleball courts. Craft groups, cards & games groups, exercise groups, social groups and sport groups! A RARE chance to buy a home on the water with a pool, large gazebo, great backyard for entertaining, fruit trees, mature landscaping and on a quiet cul-de-sac. Nearby conveniences include the stores at Ventana Lakes Village Center - Basha's grocery store, dining and local service
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1987
- Lot Size
- 9,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $360 / Month
Neighborhood Insights
Peoria Unified Schools
Parkridge Elementary School
Grades PK-8 • 1.2 mi
8/10
Sunrise Mountain High School
Grades 7-12 • 3.2 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,828 | 2,151.67 |
| Lot Size | 9,000 | 7,333.694 |
| Price | $450.0K | $532.5K |
| Price per sq ft | $246 | $260 |
| Built year | 1987 | 2005 |
| HOA | $360 | $174 |
| Days on market | 15 | 86 |
Pricing History
Listed for Sale
Oct 9, 2026
$450,000
Initial Listing