3216 W Lynne Lane, Phoenix, AZ 85041, Phoenix, 85041 - 4 bed, 4 bath
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Phoenix, AZ 85041
This Renovated Dual-Master Residence is a High-Potential Investment Opportunity, listed at $585,000—positioned well below the $692,378 Fair Market Value by 15%. This valuation gap delivers $107,378 in Instant Equity. Boasting a Condition Rating of 2, the home features extensive 2024-2026 upgrades including new AC units, a Pebble Tec pool, and mountain views. The 3,763 sqft layout offers a versatile dual-master floor plan perfect for multi-generational living. This is an exceptional acquisition for Owner-Occupants seeking a turnkey sanctuary or Buy-and-Hold Investors looking for a high-equity asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3216 W Lynne Lane Subject | $585,000* List Price | 4 | 4 | 3,763 | $184 | - |
A 3233 W PLEASANT Lane Sold | $540,000 | 5 | 4 | 3,770 | $143 | 0.1 mi |
B 3233 W PLEASANT Lane Sold | $540,000 | 5 | 4 | 3,770 | $143 | 0.1 mi |
C 3039 W BURGESS Lane Sold | $525,000 | 4 | 3 | 3,066 | $171 | 0.3 mi |
D 3039 W BURGESS Lane Sold | $525,000 | 4 | 3 | 3,066 | $171 | 0.3 mi |
E 3039 W BURGESS Lane Sold | $525,000 | 4 | 3 | 3,018 | $174 | 0.3 mi |
F 2918 W FREMONT Road Sold | $470,000 List Price | 5 | 3 | 3,764 | 0.7 mi | |
G 3038 W LYNNE Lane Active | $585,000 List Price | 5 | 4 | 3,465 | $169 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2005, the property has undergone extensive renovations between 2024 and 2026, including two new AC units, new kitchen counters, appliances, carpet, and fresh paint. The interior features modern finishes, updated systems, and a well-maintained private pool, making it move-in ready with no deferred maintenance.
The property features significant capital improvements including two new AC units (2021 & 2024), new appliances, fresh paint, and updated counters, offering true move-in readiness and reduced immediate maintenance costs.
With primary suites located on both the first and second floors, this 3,763 sqft home provides exceptional flexibility for multi-generational living or large families needing separate living spaces.
Situated on a spacious corner lot, the backyard serves as a private oasis featuring a high-quality Pebble Tec pool and an extended covered patio with a durable tile roof.
The assigned public schools, Bernard Black Elementary and Cesar Chavez High, both carry a rating of 3, which may be a concern for families prioritizing academic performance.
The large 3,763 sqft two-story footprint combined with a private pool and 9-foot ceilings will likely result in higher-than-average utility bills and ongoing landscaping/pool maintenance costs.
Welcome home! This stunning 2-story corner-lot gem in one of Phoenix's most sought-after subdivisions offers the perfect blend of space, style, & peace of mind. Soaring 9' ceilings & two living areas create an open, airy feel, while dual master suites, one up, one down, provide ultimate flexibility for families of all sizes. The spacious loft adds even more room to spread out & make memories. Step outside to your private backyard oasis featuring a sparkling Pebble Tec pool & extended covered patio with a tile roof, perfect for Arizona summers. The oversized 2-car garage & nearby walking trails round out this incredible lifestyle package. Major updates deliver true move-in confidence: two NEW AC units (2021 & 2024), new carpet, paint, stove, dishwasher, kitchen counters, freshly painted cabinets, water softener/filter system, sunscreens, & more, all completed 2024-2026. A 1-year seller-provided home warranty adds extra assurance. Conveniently located near top dining, shopping, bus lines, & everyday amenities. This one checks every box!
No exterior & parking available.
Grades K-8 • 0.6 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 2.0 | 92% |
| Square foot | 3,763 | 1,760 | 96% |
| Lot Size | 9,441 | 6,600 | 83% |
| Price | $585.0K | $352.0K | 92% |
| Price per sq ft | $155 | $197 | 36% |
| Built year | 2005 | 2004 | 54% |
| HOA | $200 | $65 | 92% |
| Days on market | 13 | 826 | 0% |
Apr 12, 2026
$585,000
Initial Listing