
Phoenix, AZ 85086
This Spacious Tramonto Residence is a High-Potential Investment Opportunity, listed at $699,000—positioned well below the $873,382 Fair Market Value by 19%. This significant valuation gap provides $174,382 in Instant Equity. Boasting a Condition Rating of 3, the home features a remodeled primary suite, newer solar system, and a resort-style backyard with a fenced pool and RV gate. Located near top-rated schools like Boulder Creek High, it offers a rare blend of immediate financial upside and premium lifestyle utility. This is an exceptional 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 |
|---|---|---|---|---|---|---|
★ 3010 W Leisure Lane Subject | $679,000* List Price | 5 | 4 | 3,936 | $170 | - |
A 36013 N 29TH Drive Sold | $699,000 List Price | 4 | 4 | 4,063 | 0.4 mi | |
B 2621 W CAVALRY Drive Sold | $805,000 | 6 | 5 | 3,608 | $223 | 0.5 mi |
C 3005 W VIA DE PEDRO MIGUEL -- Sold | $575,000 | 5 | 4 | 3,936 | $146 | 0.2 mi |
D 2615 W TRAPANOTTO Road Sold | $499,999 List Price | 4 | 4 | 3,100 | 0.5 mi | |
E 2609 W LUCE Drive Sold | $799,900 List Price | 5 | 5 | 4,178 | 0.4 mi | |
F 35317 N 31ST Drive Sold | $685,000 | 5 | 4 | 3,936 | $174 | 0.2 mi |
G 2716 W VIA BONA FORTUNA -- Active | $725,000 List Price | 5 | 4 | 3,376 | $215 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and shows pride of ownership with several key updates that elevate it above a standard 'fair' rating. Although built in 2002, the home features a fully remodeled primary bathroom with modern fixtures and a walk-in shower, a newer solar system installed within the last two years, and updated wood-look laminate flooring. The kitchen, while retaining original cabinetry, has been refreshed with stone countertops and stainless steel appliances. The exterior and resort-style backyard are well-maintained, and the overall condition suggests all major systems are functional and within their expected lifespan.
The oversized 11,000+ sqft lot features a resort-style backyard with a fenced pool, water feature, firepit, outdoor fireplace, and an RV gate with slab parking, offering exceptional utility and lifestyle appeal.
With nearly 4,000 sqft of living space, the home includes five bedrooms plus a versatile loft and a massive bonus room, providing the necessary scale for a home theater, gym, or multi-generational living.
The inclusion of a newer solar system installed within the last two years offers significant long-term value and reduced utility costs, a major advantage for a home of this size in the Phoenix climate.
While the primary bathroom has been remodeled, the 2002 construction suggests that other core areas like the kitchen and secondary bathrooms may still feature original finishes that require modernization.
The $467 association fee represents a notable recurring expense that may impact the monthly affordability and budget considerations for certain prospective buyers.
Oversize Lot, this property features a stunning backyard designed for entertaining and everyday enjoyment. The outdoor space includes a fenced pool with water feature, expansive yard with additional storage, cozy firepit, outdoor fireplace, and RV gate with slab parking -- offering both beauty and functionality. Inside, this spacious home offers 5 bedrooms and 3.5 bathrooms with multiple living and entertaining areas. The thoughtful floor plan includes separate family and living rooms, a formal dining room, and an eat-in kitchen complete with a breakfast bar. Upstairs, you'll find a versatile loft plus an additional oversized bonus room that can easily serve as a game room, home theater, gym, or flex space to suit your needs. The remodeled primary bathroom provides a refreshed, modern retreat, while custom paint throughout adds warmth and style. Completing the home is a desirable 3-car garage offering ample storage and parking. Newer solar system installed within last 2 years for efficient home energy generation.
No exterior & parking available.
Grades PK-8 • 0.5 mi
Grades 9-12 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 90% |
| Baths | 4.0 | 3.0 | 83% |
| Square foot | 3,936 | 2,199 | 93% |
| Lot Size | 11,048 | 7,800 | 68% |
| Price | $679.0K | $460.0K | 76% |
| Price per sq ft | $173 | $239 | 38% |
| Built year | 2002 | 2003 | 42% |
| HOA | $467 | $288 | 82% |
| Days on market | 63 | 1741 | 0% |
Apr 16, 2026
$679,000
$699,000
-3% Price Drop
Initial Listing
Feb 18, 2026
$699,000
Initial Listing