307 W TARO Lane, Phoenix, AZ 85027, Phoenix, 85027 - 3 bed, 2 bath
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Phoenix, AZ 85027
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $399,875—positioned well above the $363,169 Fair Market Value by -10%. While the property requires a premium, it offers a Condition Rating of 4 with significant value-add potential through its 400 sq. ft. bonus room and large 7,103 sq. ft. lot. Featuring newer windows and a tankless water heater, this home provides a solid foundation for Buy-and-Hold Investors or first-time buyers seeking a customizable asset with no HOA constraints.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 307 W TARO Lane Subject | $399,875* List Price | 3 | 2 | 1,367 | $266 | - |
A 401 W ROSEMONTE Drive Sold | $325,000 | 3 | 2 | 1,277 | $255 | 0.2 mi |
B 19237 N 5TH Avenue Sold | $425,000 | 3 | 2 | 1,353 | $314 | 0.2 mi |
C 19835 N 6TH Drive Sold | $335,000 | 4 | 2 | 1,575 | $213 | 0.6 mi |
D 1425 W SEQUOIA Drive Sold | $370,000 | 3 | 2 | 1,417 | $261 | 0.8 mi |
E 1425 W SEQUOIA Drive Sold | $370,000 | 3 | 2 | 1,417 | $261 | 0.8 mi |
F 319 W KRISTAL Way Pending | $410,000 List Price | 3 | 2 | 1,424 | $288 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983, this 41-year-old property is well-maintained but dated. While it features functional upgrades like newer windows, SS appliances, and a tankless water heater, the interior shows original 1980s elements including popcorn ceilings and older finishes that require cosmetic modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7103, living area = 1367.
The property features a 400 sq. ft. bonus room not included in the official square footage, providing substantial extra value and flexibility for a home office, gym, or workshop.
Equipped with newer windows, enhanced attic insulation, and a tankless water heater system, the home is optimized for lower utility costs and improved climate control.
The assigned elementary and middle schools carry low ratings (2/10), which may limit the property's appeal to families prioritizing high-performing educational districts.
With 66 days on the market and a recent price reduction, the property has struggled to gain traction, potentially signaling that it remains priced above current buyer expectations for the area.
Block Beauty! This charming 3-bed, 2-bath home welcomes you with a mature shade tree, low-maintenance landscaping, and a spacious front patio perfect for morning coffee. Step inside to a warm living area featuring a real wood-burning fireplace with a full brick mantle. Bedrooms are generously sized, and the home includes a 400 sq ft bonus room not counted in the official square footage--ideal for hobbies, a gym, workshop or extra living space. The backyard is fully landscaped with plenty of room to bring your vision to life. Kitchen has solid wood cabinets and SS appliances Enjoy newer windows and added attic insulation that help keep energy costs down. With NO HOA and No SOLAR, freedom and affordability. Using the sellers preferred lender, buyer will receive a 1% buydown for the 1st yr. The home also features a split plumbing system with a tankless water heater for the kitchen and laundry, plus a traditional tank for the bathrooms. The kitchen includes a movable island for flexible use. Come see what affordable homeownership can look like--come see it today and make this home yours.
No exterior & parking available.
Grades PK-6 • 0.9 mi
Grades K-6 • 1.5 mi
Grades 7-8 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,367 | - |
| Lot Size | 7,103 | - |
| Price | $399.9K | $495.4K |
| Price per sq ft | $293 | $290 |
| Built year | 1983 | 0 |
| HOA | $0 | $0 |
| Days on market | 79 | 1260 |
May 24, 2026
$399,875
$420,000
-5% Price Drop
Initial Listing
May 5, 2026
$420,000
Initial Listing