3067 W Melinda Lane, Phoenix, AZ 85027, Phoenix, 85027 - 4 bed, 2 bath
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Phoenix, AZ 85027
This Updated Single-Family Residence represents a Prime Investment Opportunity with a List Price of $424,000—positioned well below the $434,936 Fair Market Value by 2%. This valuation gap provides $10,936 in Instant Equity for the buyer. Boasting a Good Condition Rating, the home features a new roof, granite kitchen, and no HOA fees, ensuring long-term financial freedom. Located near Barry Goldwater High School with an extended covered patio, this turnkey property balances modern lifestyle perks with solid asset fundamentals. It is an ideal acquisition for Owner-Occupants seeking a move-in-ready sanctuary or Buy-and-Hold Investors looking for a low-maintenance rental.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3067 W Melinda Lane Subject | $424,000* List Price | 4 | 2 | 1,443 | $301 | - |
A 3027 W ZACHARY Drive Sold | $368,000 | 4 | 2 | 1,444 | $255 | 0.3 mi |
B 20622 N 29TH Drive Sold | $389,900 List Price | 4 | 2 | 1,320 | 0.6 mi | |
C 22006 N 34th Lane Sold | $437,000 | 4 | 2 | 1,503 | $291 | 0.5 mi |
D 3020 W COVEY Lane Sold | $389,000 | 3 | 2 | 1,324 | $294 | 0.3 mi |
E 21621 N 30TH Avenue Sold | $367,000 | 3 | 2 | 1,101 | $333 | 0.2 mi |
F 21424 N 30TH Avenue Sold | $400,000 | 3 | 2 | 1,284 | $312 | 0.2 mi |
G 3031 W MELINDA Lane Pending | $425,000 List Price | 3 | 2 | 1,395 | $305 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant recent capital improvements, including a new roof, fresh interior paint, and new carpeting. The kitchen has been modernized with granite countertops and stainless steel appliances. Although the home was built in 1999, these extensive updates and the well-maintained exterior and landscaping align with the 'good' condition criteria.
The property features a brand-new roof, fresh interior paint, and new carpeting, providing significant value and peace of mind for a move-in-ready experience.
The updated kitchen boasts granite countertops, white cabinetry, and stainless steel appliances, offering a contemporary aesthetic that appeals to modern buyers.
With an association fee of zero, homeowners enjoy greater financial freedom and fewer restrictions compared to many other subdivisions in the Phoenix area.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
At just 4,426 square feet, the lot is relatively small, which may limit outdoor activities or future expansions for buyers seeking a larger yard.
The local middle school carries a lower rating of 3, which could be a consideration for families prioritizing high-performing educational districts.
Enjoy peace of mind with a new roof and step into a bright, open floor plan featuring vaulted ceilings and abundant natural light. The updated kitchen showcases gorgeous granite countertops, crisp white cabinetry, and stainless steel appliances--perfect for both everyday living and entertaining. A versatile den offers additional space and can easily be converted into a bedroom, complete with a window and closet. Fresh interior paint and new carpet add a modern, move-in-ready touch throughout. The backyard is designed for easy living, featuring an extended covered patio with pavers and low-maintenance landscaping ideal for relaxing or hosting guests.
No exterior & parking available.
Grades PK-8 • 0.4 mi
Grades 7-8 • 0.4 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 81% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,443 | 1,390.5 | 57% |
| Lot Size | 4,426 | 7,175.5 | 23% |
| Price | $424.0K | $369.0K | 70% |
| Price per sq ft | $294 | $261 | 64% |
| Built year | 1999 | 1985 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 1349 | 0% |
Mar 30, 2026
$424,000
Initial Listing
Jul 20, 1999
$116,845
Public Record