
Peoria, AZ 85373
This Spacious Single-Family Residence represents a Strong Value Opportunity, listed at $415,000—positioned well below the $440,181 Fair Market Value by 5%. This valuation gap provides $25,181 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes significant capital improvements like a 2020 roof and 2023 HVAC. Situated on an Oversized .30-Acre Lot with a Screened-in Patio, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a well-maintained home in a vibrant 55+ community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20832 N 109th Drive Subject 3 bd · 2 ba · 2,034 sqft · $216 | $415,000* List Price | 3 | 2 | 2,034 | $216 | - |
A 20444 N 110TH Avenue Sold 3 bd · 2 ba · 1,896 sqft · $223 · 0.3 mi | $422,500 | 3 | 2 | 1,896 | $223 | 0.3 mi |
B 20347 N 109TH Lane Sold 3 bd · 2 ba · 1,503 sqft · $256 · 0.3 mi | $385,000 | 3 | 2 | 1,503 | $256 | 0.3 mi |
C 20108 N 110TH Avenue Sold 3 bd · 2 ba · 2,145 sqft · $235 · 0.5 mi | $504,000 | 3 | 2 | 2,145 | $235 | 0.5 mi |
D 10873 W ORAIBI Drive Active Under Contract 3 bd · 2 ba · 1,637 sqft · $244 · 0.8 mi | $399,000 List Price | 3 | 2 | 1,637 | $244 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1995, the property is in well-maintained, move-in ready condition. It features excellent system updates including a new HVAC (2023) and roof (2020), which offsets the age of the structure. While the kitchen and bathrooms are aesthetically dated with original 90s-style oak cabinetry and white appliances, the home is functional and shows 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 = 12990, living area = 2034.
Priced nearly $100,000 below comparable homes in the area, this property offers significant instant equity and a highly competitive entry point into the Ventana Lakes community.
The home features a new roof installed in 2020 and a new HVAC system from 2023, providing peace of mind and reducing near-term maintenance expenses for the buyer.
Located within a 55+ active adult community, the property has a restricted buyer pool, which limits the potential demographic of future buyers and may impact resale flexibility.
Despite major system updates, the 1995 original finishes and lack of mentioned interior renovations suggest that cosmetic upgrades to the kitchen and bathrooms may be necessary to modernize the home.
Exceptional value in Ventana Lakes! Priced nearly $100,000 below comparable homes, this charming 3-bedroom residence sits on a quiet cul-de-sac and offers one of the largest lots in the community at approximately .30 acres. Major improvements include a new roof in 2020 and HVAC system in 2018. Inside, enjoy multiple living and entertaining spaces, including a spacious living room, formal dining area, and light-filled family room overlooking the backyard. The kitchen features built-in appliances, abundant cabinetry, a walk-in pantry, and a two-tier breakfast bar. The generously sized primary suite offers a bay-window sitting area, walk-in closet, soaking tub, and private bath. Step outside to an expansive backyard with a screened-in patio and endless possibilities for entertaining, gardenin gardening, or creating your own private retreat. Ventana Lakes is a vibrant 55+ community featuring nine lakes, scenic walking paths, catch-and-release fishing, non-motorized boating, four clubhouses, pools, sports courts, clubs, activities, and regularly scheduled community events. Outstanding space, valuable updates, and an oversized lot--all at a price that is difficult to match!
No exterior & parking available.
Grades PK-8 • 1.3 mi
Grades 7-12 • 3.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,034 | 2,151.67 |
| Lot Size | 12,990 | 7,333.694 |
| Price | $415.0K | $532.5K |
| Price per sq ft | $204 | $260 |
| Built year | 1995 | 2005 |
| HOA | $360 | $174 |
| Days on market | 22 | 86 |
Oct 2, 2026
$415,000
Initial Listing