406 E TARO Lane, Phoenix, AZ 85024, Phoenix, 85024 - 2 bed, 2 bath
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Phoenix, AZ 85024
This Turnkey Single-Level Residence represents a Prime Investment Opportunity, listed at $392,500—positioned well below the $407,165 Fair Market Value by 3%. This valuation gap offers $14,665 in Instant Equity. Boasting a Condition Rating of 3, the home features a Brand-New Roof, Granite Kitchen, and Stainless Steel Appliances. Situated on a Desirable Corner Lot with two Private Patios, the property combines significant capital improvements with lifestyle convenience near Mountain Trail Middle School. This is an ideal acquisition for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 406 E TARO Lane Subject | $392,500* List Price | 2 | 2 | 1,289 | $316 | - |
A 502 E Topeka Drive Sold | $400,000 | 2 | 2 | 1,290 | $310 | 0.1 mi |
B 406 E BEHREND Drive Sold | $370,100 | 3 | 2 | 1,168 | $317 | 0.4 mi |
C 19819 N 3RD Street Sold | $357,000 | 3 | 2 | 1,168 | $306 | 0.5 mi |
D 19819 N 3RD Street Sold | $357,000 | 3 | 2 | 1,168 | $306 | 0.5 mi |
E 19030 N 4TH Street Sold | $345,000 | 2 | 2 | 1,290 | $267 | 0.0 mi |
F 19014 N 4TH Street Sold | $427,500 | 3 | 2 | 1,170 | $365 | 0.0 mi |
G 441 E Topeka Drive Active | $392,000 List Price | 2 | 2 | 1,290 | $304 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant recent capital improvements, most notably a brand-new roof. The interior has been refreshed with new granite countertops in the kitchen and bathrooms, a new stainless steel appliance package, fresh two-tone paint, and new flooring (carpet and tile). While the 1986 construction is evident in the original oak cabinetry and bathroom tub surrounds, the extensive surface updates and well-maintained systems elevate the condition to 'Good' rather than 'Fair'.
The property features a brand-new roof, new carpet, new tile, and fresh designer paint, ensuring a move-in-ready experience and reducing immediate capital expenditures for the buyer.
Both the kitchen and bathrooms have been upgraded with granite countertops and stainless steel appliances, offering a cohesive and contemporary interior design that appeals to modern tastes.
Situated on a prime corner lot, the home offers enhanced curb appeal and privacy, featuring professionally landscaped yards and two private patios for outdoor enjoyment.
With only two bedrooms, the property may appeal to a narrower buyer pool compared to the more common three-bedroom configurations found in the Phoenix market.
The assigned elementary and high schools carry lower ratings (2 and 4 respectively), which may impact long-term resale value and appeal to families with school-aged children.
Beautifull single-level home situated on a desirable corner lot, offering comfort, style, and thoughtful upgrades throughout. This charming 2-bedroom, 2-bath residence features a warm and inviting fireplace along with two private patios, perfect for relaxing or entertaining. BRANDNEW ROOF!! The interior showcases new carpet, new tile in all the right places, and fresh two-tone designer paint that creates a bright, modern feel. Plantation shutters, along with new ceiling fans and updated light fixtures, add both elegance and functionality throughout the home. The updated kitchen is highlighted by new granite countertops and a stainless steel appliance package, providing a sleek and contemporary space for cooking and gathering. Both bathrooms have also been upgraded with new granite co granite countertops, continuing the home's cohesive design. Additional improvements include a brand-new roof and professionally landscaped front and back yards, creating a move-in-ready property with excellent curb appeal. This exceptional home combines quality upgrades, a great layout, and a prime corner location, making it a perfect place to enjoy easy, comfortable living.
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades 7-8 • 3.2 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 9% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,289 | 1,751.5 | 19% |
| Lot Size | 5,181 | 6,492 | 28% |
| Price | $392.5K | $435.0K | 40% |
| Price per sq ft | $304 | $271 | 65% |
| Built year | 1986 | 1997 | 29% |
| HOA | $46 | $66 | 44% |
| Days on market | 67 | 1732 | 0% |
Feb 18, 2026
$392,500
Initial Listing