2240 W BERRIDGE Lane, Phoenix, AZ 85015, Phoenix, 85015 - 4 bed, 2 bath
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Phoenix, AZ 85015
This Mid-Century Value-Add Property is a High-Potential Investment Opportunity with a List Price of $485,000—positioned well below the $551,859 Fair Market Value by 12%. This valuation gap offers $66,859 in Instant Equity for buyers. While the Condition Rating of 4 reflects an outdated interior, the home boasts Key System Upgrades including a new sewer line (2026) and water heater (2024). Featuring a Flexible 4-Bed plus Den Layout on a large lot, this is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants looking to force appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2240 W BERRIDGE Lane Subject | $447,500* List Price | 4 | 2 | 1,843 | $238 | - |
A 2216 W BERRIDGE Lane Sold | $525,000 | 4 | 2 | 1,927 | $272 | 0.1 mi |
B 2122 W KEIM Drive Sold | $404,500 | 4 | 2 | 1,898 | $213 | 0.2 mi |
C 6316 N 23rd Avenue Sold | $390,000 | 3 | 2 | 1,467 | $266 | 0.3 mi |
D 6316 N 23rd Avenue Sold | $390,000 | 3 | 2 | 1,467 | $266 | 0.3 mi |
E 6146 N 18TH Avenue Sold | $550,000 | 3 | 2 | 1,964 | $280 | 0.6 mi |
F 6527 N 20TH Avenue Sold | $330,000 | 3 | 2 | 1,464 | $225 | 0.6 mi |
G 2033 W PALO VERDE Drive Sold | $375,000 | 4 | 2 | 1,413 | $265 | 0.4 mi |
H 2302 W BERRIDGE Lane Active | $460,000 List Price | 4 | 2 | 1,912 | $241 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1958, this mid-century home is well-maintained with critical system updates including a new sewer line (2026) and water heater (2024). However, the interior is largely outdated; while the dining area features newer tile, other areas like the laundry room show significant wear, unfinished surfaces, and aged flooring. The property is livable but requires cosmetic and functional modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8207, living area = 1843.
The property features significant recent infrastructure improvements, including a new sewer line (2026), a new water heater (2024), and a reverse osmosis system (2022), reducing immediate maintenance costs for the buyer.
With four bedrooms plus a dedicated office/den, the 1,843 square foot layout provides exceptional versatility for remote work, hobbies, or a larger household.
The property is positioned as an opportunity to 'bring your vision to life,' indicating that the interior likely requires cosmetic updates and modernizing to reach its full potential.
The assigned PK-8 school has a lower rating of 3, which may be a drawback for families specifically seeking high-performing primary education districts.
Great opportunity in NW Phoenix! This home offers 1,843 sq ft of living space that reflects the functionality Mid-Century homes are known for. Granite in kitchen, stone backsplash, SS appliances & laminate floors. Nice tile in traffic areas Recent updates include a new primary shower (2026), New Sewer Line (2026), water heater replaced in 2024, and RO system in 2022. An additional office/Den offers flexibility for remote work, or additional living space. Brand new back gate. Located in an established neighborhood, this home offers a solid foundation for someone to bring their vision to life. Whether you're looking to update, remodel, or simply personalize over time, this is a chance to create something truly your own. **Seller open to a 2/1 Rate Buydown!
No exterior & parking available.
Grades PK-8 • 0.5 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,843 | - |
| Lot Size | 8,207 | - |
| Price | $447.5K | $495.4K |
| Price per sq ft | $243 | $290 |
| Built year | 1958 | 0 |
| HOA | $0 | $0 |
| Days on market | 115 | 1260 |
Jun 20, 2026
$447,500
$450,000
-1% Price Drop
Initial Listing
Jun 6, 2026
$450,000
$460,000
-2% Price Drop
Initial Listing
May 29, 2026
$460,000
$470,000
-2% Price Drop
Initial Listing
May 19, 2026
$470,000
$480,000
-2% Price Drop
Initial Listing
Apr 28, 2026
$480,000
$485,000
-1% Price Drop
Initial Listing
Mar 30, 2026
$485,000
Initial Listing