3020 W COVEY Lane, Phoenix, AZ 85027, Phoenix, 85027 - 3 bed, 2 bath
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Phoenix, AZ 85027
This Updated Single-Family Residence is a High-Potential Investment Opportunity, with a List Price of $389,850—positioned well below the $491,124 Fair Market Value by 20%. This significant valuation gap provides $101,274 in Instant Equity. Boasting a Good Condition Rating, the home features a Modern Kitchen with Quartz Countertops, No HOA fees, and a Low-Maintenance Backyard with artificial turf. Located near Barry Goldwater High School, this turnkey property is a premier choice for Owner-Occupants or Buy-and-Hold Investors seeking immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3020 W COVEY Lane Subject | $389,000 | 3 | 2 | 1,324 | $371 | - |
A 20622 N 29TH Drive Sold | $389,900 List Price | 4 | 2 | 1,320 | 0.3 mi | |
B 21424 N 30TH Avenue Sold | $400,000 | 3 | 2 | 1,284 | $312 | 0.2 mi |
C 21621 N 30TH Avenue Sold | $367,000 | 3 | 2 | 1,101 | $333 | 0.3 mi |
D 3005 W COVEY Lane Sold | $340,000 | 3 | 2 | 1,101 | $309 | 0.0 mi |
E 3027 W ZACHARY Drive Sold | $368,000 | 4 | 2 | 1,444 | $255 | 0.1 mi |
F 21621 N 30TH Avenue Sold | $367,000 | 3 | 2 | 1,101 | $333 | 0.3 mi |
G 3053 W CAT BALUE Drive Active Under Contract | $410,000 List Price | 3 | 2 | 1,324 | $310 | 0.3 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. Although built in 1998, it has been well-maintained and features key updates including a modernized kitchen with quartz countertops, stainless steel appliances, and a decorative tile backsplash. The bathrooms have also been updated, specifically the guest bath with a custom tiled shower. The flooring appears to be a mix of updated laminate/wood-look and clean carpeting. With a newer water heater and well-kept desert landscaping, the home meets the criteria for a 'good' condition score.
The absence of a Homeowners Association provides residents with greater financial flexibility and freedom from restrictive community regulations, a highly sought-after feature in the Phoenix market.
The kitchen is fully updated with quartz countertops, stainless steel appliances, a tile backsplash, and a center island, offering a move-in-ready experience for home cooks.
The outdoor space is designed for ease of ownership with artificial turf, a covered patio, and a paver area, providing a clean aesthetic without the burden of heavy landscaping maintenance.
With only 1,324 square feet of interior space, the home may feel restrictive for larger families or those requiring significant storage and oversized furniture.
The 4,378 square foot lot is relatively small for a detached single-family residence, limiting the potential for major outdoor expansions or large-scale gardening.
Wonderful 3-bed, 2 bath home in an established North Phoenix neighborhood with NO HOA! Floor plan includes front living/dining and separate family room. The updated kitchen features quartz countertops, stainless appliances, tile backsplash, and center island with breakfast bar. Sliding doors lead out to the covered patio and backyard with artificial turf, another paver patio, and block fencing. The primary bedroom has an en-suite bath with tub/shower combo and the guest bath has a tiled shower with multiple showerheads & grab bars. Other features include inside laundry, vaulted ceilings, an R/O system, a newer water heater, stone exterior accents, and a 2-car garage.
No exterior & parking available.
Grades 7-8 • 0.4 mi
Grades PK-8 • 0.7 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,324 | 1,382.5 | 41% |
| Lot Size | 4,378 | 7,175.5 | 20% |
| Price | $389.0K | $369.0K | 56% |
| Price per sq ft | $294 | $261 | 63% |
| Built year | 1998 | 1985 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 163 | 1349 | 16% |
No pricing history data available.