2420 W MANDALAY Lane, Phoenix, AZ 85023, Phoenix, 85023 - 4 bed, 3 bath
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Phoenix, AZ 85023
This Spacious Tri-Level Family Home is a Strong Value Opportunity, listed at $488,000—positioned well below the $542,044 Fair Market Value by 9%. This valuation gap provides $54,044 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the residence features a fully renovated modern bathroom and a fully owned solar panel system for significant energy savings. With a private pool, no HOA, and proximity to the 8/10 rated Thunderbird High School, it perfectly balances lifestyle luxury with financial upside. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2420 W MANDALAY Lane Subject | $488,000* List Price | 4 | 3 | 2,327 | $233 | - |
A 2353 W TIERRA BUENA Lane Sold | $473,000 | 4 | 2 | 1,752 | $270 | 0.7 mi |
B 2339 W ACOMA Drive Sold | $430,000 | 4 | 2 | 2,054 | $209 | 0.1 mi |
C 2221 W Kathleen Road Sold | $575,000 List Price | 4 | 3 | 2,446 | 0.8 mi | |
D 2415 W TIERRA BUENA Lane Sold | $410,000 | 4 | 2 | 1,845 | $222 | 0.6 mi |
E 14815 N 24th Drive Sold | $405,000 | 4 | 2 | 1,687 | $240 | 0.1 mi |
F 14657 N 17TH Avenue Sold | $399,000 List Price | 4 | 2 | 1,982 | 0.9 mi | |
G 2424 W REDFIELD Road Active | $539,900 List Price | 4 | 3 | 2,344 | $230 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant high-end updates, most notably a fully renovated modern bathroom with large-format marble-look tile, a walk-in shower, and a floating double vanity. While the 1976 build is still evident in some areas—such as the older white tile flooring in the family room and dated metal railings—the home has been well-maintained with valuable additions like an owned solar panel system and updated flooring in the main living areas.
The property features a fully owned solar panel system, providing significant long-term energy savings and a competitive edge in the Phoenix utility market.
The smart split-level design includes a private lower-level bedroom with an ensuite, offering an ideal setup for multi-generational living, guests, or a secluded home office.
Set on a generous 8,000+ sq ft lot with a private pool and no HOA restrictions, this home provides excellent recreational value and freedom for property customization.
Built in 1976, the residence may require updates to major mechanical systems or cosmetic modernizations to align with contemporary buyer expectations.
The tri-level architectural style necessitates the frequent use of stairs, which may limit appeal for buyers prioritizing long-term accessibility or single-story living.
2420 W MANDALAY LN, Phoenix, AZ 85023 - Best value for this Charming Tri-Level Family Home in Phoenix! Spacious 4-bedroom, 3-bath t residence boasts over 2,300 sq ft of comfortable living space, perfect for a growing family. Enjoy the sunny Arizona days lounging by your private pool in a serene interior lot that spans over 8,000 sq ft--offering ample space for outdoor activities. The home features a smart split layout with three bedrooms and two baths on the upper level, and a cozy bedroom with an ensuite on the lower level, providing privacy for all. With an owned solar panel system, you can enjoy energy savings all year round! Situated in a peaceful neighborhood with no HOA, you'll benefit from easy freeway access and proximity to shopping and schools, making it the ideal location.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades 7-8 • 2.0 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 2,327 | 1,844 | 76% |
| Lot Size | 8,272 | 7,820 | 62% |
| Price | $488.0K | $358.5K | 78% |
| Price per sq ft | $210 | $219 | 47% |
| Built year | 1976 | 1982 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 1823 | 0% |
Apr 3, 2026
$488,000
Initial Listing