315 W KELTON Lane, Phoenix, AZ 85023, Phoenix, 85023 - 2 bed, 2 bath
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Phoenix, AZ 85023
This Hybrid Single Family Residence represents a Strong Value Opportunity, listed at $470,000—positioned well above the $446,547 Fair Market Value by -5%. While priced slightly above market, the property offers unique financial utility through a 4.25% assumable loan and a $2,500/month rent-back option. Featuring a Good Condition Rating, a private pool and spa, and proximity to highly-rated schools, this home balances lifestyle perks with investment stability. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 315 W KELTON Lane Subject | $440,000* List Price | 2 | 2 | 1,370 | $316 | - |
A 503 W Kelton Lane Sold | $488,000 | 3 | 2 | 1,615 | $302 | 0.1 mi |
B 318 W KINGS Avenue Sold | $413,000 | 3 | 2 | 1,553 | $266 | 0.1 mi |
C 406 W BEVERLY Lane Sold | $375,000 | 2 | 2 | 1,246 | $301 | 0.3 mi |
D 505 W Fellars Drive Sold | $381,000 | 3 | 2 | 1,395 | $273 | 0.2 mi |
E 412 W AIRE LIBRE Avenue Sold | $419,900 List Price | 3 | 2 | 1,370 | 0.1 mi | |
F 16036 N 11TH Avenue 1100 Sold | $403,000 | 2 | 2 | 1,373 | $294 | 0.7 mi |
G 1017 W ANDERSON Drive Sold | $365,000 | 3 | 2 | 1,339 | $273 | 0.6 mi |
H 1127 W GROVERS Avenue Sold | $410,000 | 4 | 2 | 1,428 | $287 | 0.8 mi |
I 523 W Kelton Lane Pending | $487,500 List Price | 3 | 2 | 1,615 | $302 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1995, the property is well-maintained and move-in ready. While the kitchen and bathrooms retain some dated elements like laminate countertops and 90s-era tile, they have been refreshed with paint and stainless steel appliances. The addition of modern wood-look flooring and a functional pool/spa area supports a 'good' rating for its age.
The property offers a rare 4.25% assumable loan and a guaranteed $2,500/month seller rent-back option for up to two years, providing immediate cash flow and significant interest savings.
The backyard is a standout feature for the Phoenix market, boasting a private sparkling pool, hot tub, and a large lot designed for entertaining and relaxation.
With no association fees and access to highly-rated schools like Lookout Mountain Elementary and Thunderbird High, this home offers both financial freedom and long-term educational value.
With only two bedrooms, the property may face a narrower buyer pool as many families in this price range typically seek a minimum of three bedrooms.
At 1,370 square feet, the interior footprint is relatively modest for a single-family residence at this price point, which may impact the perceived value for buyers prioritizing indoor space.
Welcome to this beautifully maintained, move-in ready home full of opportunity! For investors, the seller is willing to rent the home back for up to two years at $2,500 per month, providing immediate rental income. Buyers can assume the existing 4.25% loan (subject to lender approval), offering a tremendous financing advantage in today's market. For homeowners, you'll love the inviting split floor plan and a backyard that's built for making memories. Enjoy a sparkling pool, hot tub, and large yard; perfect for entertaining, or simply unwinding at home. Whether you're looking for a great home or an investment with built-in income potential, this is a rare opportunity you won't want to miss.
No exterior & parking available.
Grades PK-6 • 0.9 mi
Grades 7-8 • 0.4 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,370 | - |
| Lot Size | 6,406 | - |
| Price | $440.0K | $495.4K |
| Price per sq ft | $321 | $290 |
| Built year | 1995 | 0 |
| HOA | $0 | $0 |
| Days on market | 26 | 1260 |
Jul 16, 2026
$440,000
$455,000
-3% Price Drop
Initial Listing
Jul 7, 2026
$455,000
$470,000
-3% Price Drop
Initial Listing
Jun 27, 2026
$470,000
Initial Listing