2538 S 114TH Lane, Avondale, AZ 85323, Avondale, 85323 - 3 bed, 2 bath
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Avondale, AZ 85323
This property presents a High-Potential Investment Opportunity with a List Price of $350,000—positioned well above the $278,092 Fair Market Value by -25%. While the home features a Fair Condition Rating, it offers significant value through a new 2024 AC system and 2026 water heater. The split floorplan and proximity to the I-10 corridor provide functional appeal, though the local school ratings remain a consideration. This is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking a turn-key residence with modern mechanical upgrades.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2538 S 114TH Lane Subject | $350,000* List Price | 3 | 2 | 1,293 | $215 | - |
A 10986 W RIO VISTA Lane Sold | $340,000 | 3 | 2 | 1,473 | $231 | 0.6 mi |
B 2117 S 114TH Avenue Sold | $355,000 | 3 | 2 | 1,553 | $229 | 0.3 mi |
C 10787 W RIO VISTA Lane Sold | $365,000 | 3 | 2 | 1,560 | $234 | 0.8 mi |
D 1802 S 118TH Drive Sold | $385,000 | 4 | 2 | 1,701 | $226 | 0.7 mi |
E 10787 W RIO VISTA Lane Sold | $365,000 | 4 | 2 | 1,560 | $234 | 0.8 mi |
F 11280 W MAGNOLIA Street Active | $340,000 List Price | 3 | 2 | 1,447 | $235 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is 22 years old (built 2004), placing it in the 'Fair' category. While the HVAC (2024) and water heater (2026) are excellent recent system upgrades, the kitchen and bathrooms feature original dated oak cabinetry, laminate countertops, and basic fixtures that require modernization.
The property features a brand-new AC system installed in 2024 and a new water heater from 2026, providing significant value and reducing immediate maintenance concerns for the buyer.
The home is move-in ready with a desirable split-bedroom layout that maximizes privacy and functionality, making it highly attractive to both first-time buyers and investors.
Conveniently located near the I-10 corridor, shopping, and dining, the property offers excellent accessibility while being nestled in a quiet, established community.
The local high school carries a rating of 3, which may be a drawback for families prioritizing high-performing educational districts.
With only 1,293 square feet of living area, the home's footprint is relatively small for a three-bedroom residence, which may limit appeal for larger families.
First-time homebuyers and investors, take note: turn-key ready property in Avondale features a 3-bedroom, 2-bathroom split floorplan. Recent upgrades include a new AC system installed in 2024 and a water heater replaced in 2026. Strategically located near I-10, shopping, and dining. Nestled in a quiet Avondale community with a 2 car garage and a larger driveway for your vehicles. Come have a look today!
No exterior & parking available.
Grades K-8 • 0.5 mi
Grades 9-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,293 | 1,936.5 | 8% |
| Lot Size | 5,400 | 6,637.5 | 26% |
| Price | $350.0K | $350.0K | 50% |
| Price per sq ft | $271 | $176 | 98% |
| Built year | 2004 | 2004 | 50% |
| HOA | $56 | $57 | 48% |
| Days on market | 20 | 2824 | 2% |
May 25, 2026
$350,000
Initial Listing