3123 W IRMA Lane, Phoenix, AZ 85027, Phoenix, 85027 - 2 bed, 2 bath
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Phoenix, AZ 85027
This Modernized Single-Level Residence is a High-Potential Investment Opportunity, listed at $335,000—positioned well below the $408,434 Fair Market Value by 17%. This significant valuation gap offers $73,434 in Instant Equity for the incoming owner. Boasting a Condition Rating of 3, the interior features a Granite Kitchen, vaulted ceilings, and wood-look flooring. The property includes a large backyard with a Covered Patio and the financial advantage of No HOA Fees. It is a premier choice for first-time buyers or Buy-and-Hold Investors seeking immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3123 W IRMA Lane Subject | $335,000* List Price | 2 | 2 | 1,098 | $372 | - |
A 3146 W IRMA Lane Sold | $315,000 | 2 | 2 | 1,098 | $287 | 0.1 mi |
B 3147 W POTTER Drive Sold | $334,000 | 2 | 2 | 1,098 | $304 | 0.1 mi |
C 3114 W ABRAHAM Lane Sold | $354,000 | 3 | 2 | 1,101 | $322 | 0.5 mi |
D 3241 W ABRAHAM Lane Sold | $350,000 | 3 | 2 | 1,101 | $318 | 0.5 mi |
E 21621 N 30TH Avenue Sold | $367,000 | 3 | 2 | 1,101 | $333 | 0.6 mi |
F 21057 N 33RD Drive Sold | $390,000 | 3 | 2 | 1,200 | $325 | 0.4 mi |
G 3231 W TONOPAH Drive Active | $333,900 List Price | 2 | 2 | 1,056 | $316 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and shows well-maintained updates throughout. Although built in 1987, the interior has been modernized with granite countertops in both the kitchen and bathrooms, wood-look laminate flooring, and contemporary light fixtures. The kitchen features updated black hardware on flat-panel cabinets and functional black appliances. While some elements like the bathroom shower enclosure and cabinet structures appear older, the overall aesthetic is clean and updated, meeting the criteria for a well-maintained home with minimal wear.
The home features desirable upgrades including granite countertops, vaulted ceilings, and a mix of tile and wood-look flooring, offering a move-in-ready aesthetic for modern buyers.
With an association fee of zero, this property provides significant monthly savings and greater lifestyle freedom compared to many other subdivisions in the Phoenix area.
The large backyard is well-appointed with a covered patio, professional pavers, and a fenced garden area, providing an excellent space for entertaining and relaxation.
At just 1,098 square feet with only two bedrooms, the property's compact footprint may limit its appeal to larger families or those requiring a dedicated home office.
The assigned schools carry modest ratings (ranging from 3 to 5), which could be a drawback for education-focused buyers compared to higher-rated neighboring districts.
Welcome to this charming single-level home in Phoenix! Offering 2 beds, 2 baths, 2-car garage, & a desert landscape. The inviting interior features tons of natural light, a neutral palette, tile & wood-look flooring, and vaulted ceilings that add to the airy feel. You'll love the open layout, designed for everyday living & entertaining! The welcoming living space is paired with a fireplace. The kitchen boasts built-in appliances, granite counters, flat-panel cabinets, and a 2-tier peninsula w/breakfast bar. Both bedrooms offer wide closets, with the main bedroom having a private bathroom. If you want to relax or have a fun gathering, the large backyard awaits! A covered patio, well-laid pavers, & a fenced garden area complete the picture. Easy access to the I-10 & 101 Fwy! Make this yours!
No exterior & parking available.
Grades 7-8 • 0.7 mi
Grades PK-8 • 0.9 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 12% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,098 | 1,382.5 | 12% |
| Lot Size | 5,966 | 7,175.5 | 34% |
| Price | $335.0K | $367.5K | 42% |
| Price per sq ft | $305 | $261 | 72% |
| Built year | 1987 | 1985 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 1349 | 0% |
Mar 20, 2026
$335,000
Initial Listing