
Phoenix, AZ 85033
This High-Potential Investment Opportunity is listed at a List Price of $185,000—positioned well below the $187,065 Fair Market Value by 1%. This valuation gap offers $2,065 in Instant Equity. With a Condition Rating of 4, the property requires cosmetic updates, particularly in the bathroom and exterior landscaping. Featuring a private backyard and low $137 HOA fees, this asset provides a stable entry point for Buy-and-Hold Investors or first-time buyers seeking a value-add project in Phoenix.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3120 N 67Th Ln Lane 93 Subject | $185,000* List Price | 2 | 1 | 840 | $223 | - |
A 3645 N 69TH Avenue 76 Sold | $187,500 | 2 | 1 | 708 | $265 | 0.4 mi |
B 3645 N 69TH Avenue 73 Sold | $177,000 | 2 | 1 | 840 | $211 | 0.4 mi |
C 3120 N 67TH Lane 63 Active | $178,000 List Price | 2 | 1 | 700 | $254 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984 (42 years old), the property is dated and requires cosmetic updates. While the interior features newer laminate flooring and clean paint, the bathroom remains significantly dated with older cabinetry and fixtures. The exterior shows deferred maintenance, including unlandscaped dirt areas and a mismatched, partially painted fence.
Priced at $185,000, this property represents a highly accessible entry point into the Phoenix market, offering significant value for first-time buyers or investors seeking a low-cost acquisition.
The home features a fully fenced backyard with a wood fence, providing a rare level of privacy and dedicated outdoor space for a patio home of this size.
With a modest HOA fee of $137 per month, the property offers an economical lifestyle with lower recurring overhead compared to many other managed communities in the area.
The single-bathroom layout may be a constraint for households with multiple occupants and could limit the property's appeal to a broader range of buyers.
The assigned public schools have lower performance ratings (3-4 out of 10), which may deter families and potentially impact long-term appreciation compared to higher-rated districts.
Welcome to this charming 2-bedroom, 1-bath home, offering comfort, convenience, and privacy. Ideally located close to public parking, this home features an open kitchen that flows into the living room, where a sliding glass door provides easy access to the private backyard. The fully fenced backyard with a wood fence creates a peaceful outdoor space for relaxing, gardening, or entertaining. A separate laundry room is conveniently located in the backyard, providing additional storage and functionality. Whether you're a first-time homebuyer, downsizing, or looking for an investment opportunity, this inviting patio home is a wonderful place to be home.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 840 | - |
| Lot Size | 1,350 | - |
| Price | $185.0K | $341.8K |
| Price per sq ft | $220 | $259 |
| Built year | 1984 | 0 |
| HOA | $137 | $0 |
| Days on market | 16 | 1211 |
Jul 7, 2026
$185,000
Initial Listing