3302 W MELINDA Lane, Phoenix, AZ 85027, Phoenix, 85027 - 3 bed, 2 bath
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Phoenix, AZ 85027
This Single-Family Residence presents a High-Potential Investment Opportunity, listed at $440,000—positioned well above the $389,515 Fair Market Value by -12%. While the property requires cosmetic updates to its Fair Condition Rating of 4, it features a highly desirable backyard with pergola and built-in BBQ. With No HOA Fees and a functional layout, this home offers a solid foundation for value-add renovations. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic interior modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3302 W MELINDA Lane Subject | $400,000* List Price | 3 | 2 | 1,324 | $282 | - |
A 22221 N 31ST Drive Sold | $323,000 | 3 | 2 | 1,305 | $248 | 0.4 mi |
B 3042 W ROSE GARDEN Lane Sold | $345,000 | 2 | 2 | 1,284 | $269 | 0.5 mi |
C 22006 N 34th Lane Sold | $437,000 | 4 | 2 | 1,503 | $291 | 0.3 mi |
D 3353 W QUAIL Avenue Sold | $352,000 | 2 | 2 | 1,098 | $321 | 0.3 mi |
E 3027 W ZACHARY Drive Sold | $368,000 | 4 | 2 | 1,444 | $255 | 0.5 mi |
F 3320 W Melinda Lane Sold | $387,000 | 3 | 2 | 1,640 | $236 | 0.0 mi |
G 21621 N 30TH Avenue Sold | $367,000 | 3 | 2 | 1,101 | $333 | 0.4 mi |
H 3005 W COVEY Lane Sold | $340,000 | 3 | 2 | 1,101 | $309 | 0.5 mi |
I 3437 W LOUISE Drive Active | $419,900 List Price | 3 | 2 | 1,310 | $321 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996, this 28-year-old home is well-maintained but dated. The kitchen features original honey oak cabinetry and older white appliances, while the bathrooms reflect a specific 'rustic' style that lacks modern updates. The property is functional and move-in ready but requires cosmetic and appliance upgrades to meet current market standards.
The backyard is a standout feature, boasting a pergola, built-in BBQ, and lush lawn, providing an ideal space for outdoor entertaining and relaxation in the Arizona climate.
The absence of an association fee offers significant monthly savings and greater freedom for homeowners compared to neighboring managed communities.
Vaulted ceilings combined with a functional kitchen island and breakfast bar create an open, airy atmosphere that maximizes the home's footprint.
At 1,324 square feet, the interior living space is relatively compact for a three-bedroom home, which may feel restrictive for larger families.
While the elementary and high schools are rated moderately, the assigned middle school has a lower rating of 3, which may be a concern for education-focused buyers.
Discover the charm of this fantastic single-level home in Foothills North! Offering 3 beds, 2 baths, 2-car garage, and a mature desert landscape. Be greeted by a formal living room! Vaulted ceilings add to the airy feel, complemented by a designer palette, tons of natural light, and carpet & tile flooring t/out. The eat-in kitchen boasts built-in appliances, a pantry, wood cabinetry, and an island w/breakfast bar. Sliding doors open to the back! The primary bedroom includes a rustic-style full bathroom for added comfort. Check out the spacious backyard, where you can relax or have a fun gathering! A pergola, built-in BBQ, storage shed, lush lawn, and extra seating areas complete the picture. Conveniently close to schools, shopping, dining options, and freeways. Don't miss this opportunity!
No exterior & parking available.
Grades PK-8 • 0.3 mi
Grades 7-8 • 0.7 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,324 | - |
| Lot Size | 5,011 | - |
| Price | $400.0K | $495.4K |
| Price per sq ft | $302 | $290 |
| Built year | 1996 | 0 |
| HOA | $0 | $0 |
| Days on market | 31 | 1260 |
Jul 10, 2026
$400,000
$440,000
-9% Price Drop
Initial Listing
Jun 25, 2026
$440,000
Initial Listing