20606 N 31st Drive, Phoenix, AZ 85027, Phoenix, 85027 - 2 bed, 1 bath
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Phoenix, AZ 85027
This Gemini-home presents a High-Potential Investment Opportunity with a List Price of $275,000—positioned slightly above the $269,804 Fair Market Value. While the property requires cosmetic updates, its Condition Rating of 4 and spacious corner lot provide a solid foundation for value-add renovations. The home features a 1-car garage and a private patio, offering functional appeal in a quiet, HOA-maintained neighborhood. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a manageable project with excellent commuter access to the I-17 and Loop 101.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20606 N 31st Drive Subject | $269,000* List Price | 2 | 1 | 823 | $318 | - |
A 3221 W MOHAWK Lane Sold | $275,000 | 2 | 1 | 824 | $334 | 0.1 mi |
B 3221 W MOHAWK Lane Sold | $275,000 | 2 | 1 | 823 | $334 | 0.1 mi |
C 3147 W POTTER Drive Sold | $334,000 | 2 | 2 | 1,098 | $304 | 0.1 mi |
D 3018 W TONOPAH Drive Sold | $228,900 | 2 | 1 | 998 | $229 | 0.2 mi |
E 3025 W IRMA Lane Sold | $269,500 | 2 | 2 | 1,056 | $255 | 0.2 mi |
F 3014 W Irma Lane Pending | $269,900 List Price | 2 | 1 | 824 | $328 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, the property is 38 years old and falls into the >20y age bracket. The kitchen features original oak cabinetry and dated laminate countertops, and while the home appears well-maintained and clean, it lacks modern updates to the kitchen, baths, and likely major systems, necessitating cosmetic and functional renovations.
The property is ideally situated near the Loop 101 and I-17, offering excellent commuter access and proximity to major Phoenix amenities.
Positioned on a 6,317 sqft corner lot, this home features a significantly larger backyard than typical for this property type, providing ample outdoor space.
The HOA maintains the front yard for a very affordable $63 monthly fee, ensuring consistent curb appeal with minimal effort from the homeowner.
With only 823 square feet of living space, the interior footprint is quite small, which may limit its appeal to buyers needing more room or storage.
The 2-bedroom, 1-bath configuration can be a significant drawback for convenience and may impact the property's long-term resale value.
Motivated Seller! Location, Location. This Gemini-home is conveniently situated off the 101 and close to the I-17. This is a cute 2 bedroom, 1 bath home also features a 1 car garage! The home features a great room, a breakfast nook and a perfect sized kitchen. Situated on a spacious corner lot and has a larger backyard! The home has a one car garage. Neighborhood is quiet with beautifully maintained front yard by the HOA.
No exterior & parking available.
Grades 7-8 • 0.7 mi
Grades PK-8 • 0.9 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 823 | - |
| Lot Size | 6,317 | - |
| Price | $269.0K | $495.4K |
| Price per sq ft | $327 | $290 |
| Built year | 1986 | 0 |
| HOA | $63 | $0 |
| Days on market | 45 | 1260 |
Jun 26, 2026
$269,000
$275,000
-2% Price Drop
Initial Listing
Jun 8, 2026
$275,000
Initial Listing