
Phoenix, AZ 85022
This Value-Add Mid-Century Residence is a Strong Value Opportunity, listed at $339,900—positioned well below the $359,841 Fair Market Value by 5%. This valuation gap provides $19,941 in Instant Equity. While holding a Condition Rating of 4, the home features a functional 4-bedroom layout on an expansive 8,237 sq ft lot with No HOA fees. Located near Lookout Mountain Preserve and the top-rated Aire Libre Elementary, it offers immediate livability with significant upside through cosmetic modernization. This is an ideal match for first-time buyers or Owner-Occupants looking to build wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2335 E BEVERLY Lane Subject | $339,900* List Price | 4 | 2 | 1,315 | $274 | - |
A 2326 E PARADISE Lane Sold | $280,000 | 2 | 1 | 1,272 | $220 | 0.0 mi |
B 2326 E PARADISE Lane Sold | $280,000 | 2 | 1 | 1,376 | $203 | 0.0 mi |
C 14860 N 21ST Place N Sold | $385,000 | 3 | 2 | 1,261 | $305 | 0.9 mi |
D 15841 N 22nd Place Sold | $440,000 | 3 | 2 | 1,383 | $318 | 0.2 mi |
E 2323 E KATHLEEN Road Sold | $385,000 | 3 | 2 | 1,210 | $318 | 0.3 mi |
F 2214 E NISBET Road Sold | $400,000 List Price | 3 | 2 | 1,400 | 0.8 mi | |
G 2230 E BEVERLY Lane Pending | $345,000 List Price | 4 | 2 | 1,200 | $288 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961 with renovations (flooring and bathroom vanity) that appear to be 15-25 years old. While the home is functional and move-in ready, the finishes are dated and will require cosmetic updates and likely system inspections to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8237, living area = 1315.
Ideally situated near Paradise Valley Mall and Lookout Mountain Preserve, offering residents a perfect blend of retail convenience and outdoor recreational opportunities.
The property features a $0 association fee, providing significant monthly savings and greater freedom for homeowners to customize their property without restrictive covenants.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1315, other record living area = 1498.
Fitting four bedrooms into 1,315 sq ft suggests that individual room dimensions may be quite small, potentially limiting furniture options and overall spaciousness.
Built in 1961, the property likely requires updates to major systems and cosmetic finishes to meet modern energy efficiency standards and contemporary buyer expectations.
Charming Phoenix home offering 1,315 sq ft with 4 bedrooms and 2 bathrooms, situated on a spacious 8,237 sq ft lot. This inviting property features a functional layout with comfortable living areas, a bright kitchen with ample cabinetry, and flexible bedrooms ideal for family, guests, or a home office. The large backyard provides plenty of space for entertaining, gardening, or future customization. Conveniently located near shopping and dining at Paradise Valley Mall, outdoor recreation at Lookout Mountain Preserve, and close to schools and public services, with easy access to major freeways, this home offers comfort, space, and convenience.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades 7-8 • 1.1 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 68% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,315 | 1,798 | 20% |
| Lot Size | 8,237 | 7,929 | 55% |
| Price | $339.9K | $420.0K | 37% |
| Price per sq ft | $258 | $268 | 48% |
| Built year | 1961 | 1985 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 1050 | 0% |
Apr 16, 2026
$339,900
Initial Listing