
Phoenix, AZ 85032
This property presents a High-Potential Investment Opportunity with a List Price of $425,000—positioned well below the $446,487 Fair Market Value by 4%. This valuation gap offers $21,487 in Instant Equity for buyers willing to address the Condition Rating of 4. Featuring a 16,000+ sq. ft. lot with Horse Privileges and a functional barn, the asset offers significant value-add potential through cosmetic renovation. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a project with long-term upside in North Phoenix.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3235 E SUNNYSIDE Lane E Subject | $425,000* List Price | 3 | 2 | 1,400 | $319 | - |
A 2929 E EBERLE Lane Active | $375,000 List Price | 3 | 2 | 1,670 | $225 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, the property shows signs of aging with renovations that appear to be 20+ years old. The kitchen features dated oak cabinetry and tile countertops with a missing appliance space. Interior finishes, including the 12x12 floor tiles and glass block bathroom accents, are functional but significantly dated. While the home is livable and offers valuable horse facilities, the interior requires comprehensive cosmetic updates and likely system reviews due to its age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16178, living area = 1400.
The property features a rare 16,000+ sq. ft. lot with horse privileges and a functional barn equipped with water and electricity, offering exceptional versatility for hobbyists or equestrian enthusiasts.
Situated in the highly desirable 85032 zip code, this home offers a unique blend of rural-style living with the convenience of being minutes away from premier shopping, dining, and major freeway access.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1400, other record living area = 1080.
Built in 1961, the 1,400 sq. ft. home may require significant capital investment for modern updates, energy efficiency improvements, or structural renovations to meet current market standards.
The assigned middle school has a rating of 2, which may be a deterrent for families prioritizing high-performing educational environments and could impact future resale demand.
Situated on an expansive 16,000+ sq. ft. lot in the heart of North Phoenix's highly sought-after 85032 zip code, this exceptional property offers the rare opportunity to enjoy horse privileges in an unbeatable location. The property features a barn with both water and electricity, making it ideal for horses, hobbies, or additional storage. Enjoy the freedom of country-style living while being just minutes from premier shopping, dining, hiking trails, parks, and easy freeway access. A unique offering that blends space, lifestyle, and location in one of North Phoenix's most desirable neighborhoods.
No exterior & parking available.
Grades PK-6 • 0.7 mi
Grades 7-8 • 0.3 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,400 | - |
| Lot Size | 16,178 | - |
| Price | $425.0K | $495.4K |
| Price per sq ft | $304 | $290 |
| Built year | 1961 | 0 |
| HOA | $0 | $0 |
| Days on market | 5 | 1260 |
Jul 22, 2026
$425,000
Initial Listing