506 E KERRY Lane, Phoenix, AZ 85024, Phoenix, 85024 - 3 bed, 3 bath
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Phoenix, AZ 85024
This North Phoenix pool home is a Prime Investment Opportunity, listed at $473,000—positioned well below the $598,840 Fair Market Value by 21%. This significant valuation gap offers $125,840 in Instant Equity. Featuring a Condition Rating of 3, the residence is move-in ready with a new AC (2022), updated kitchen, and a private pool and spa. While local elementary school ratings are low, the property’s mechanical upgrades and substantial equity provide a strong financial hedge. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 506 E KERRY Lane Subject | $469,000* List Price | 3 | 3 | 1,781 | $263 | - |
A 758 E SACK Drive Sold | $420,000 | 3 | 3 | 1,535 | $274 | 0.3 mi |
B 418 E TARO Lane Sold | $355,000 | 3 | 3 | 1,656 | $214 | 0.1 mi |
C 758 E SACK Drive Sold | $420,000 | 3 | 3 | 1,535 | $274 | 0.3 mi |
D 406 E BEHREND Drive Sold | $370,100 | 3 | 2 | 1,168 | $317 | 0.4 mi |
E 1114 E PONTIAC Drive Sold | $515,000 | 3 | 2 | 1,618 | $318 | 0.9 mi |
F 502 E Topeka Drive Sold | $400,000 | 2 | 2 | 1,290 | $310 | 0.0 mi |
G 413 E KRISTAL Way Active | $460,000 List Price | 3 | 3 | 1,656 | $278 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained. It features a stylishly updated kitchen with stainless steel appliances and stone accents, along with a significant mechanical upgrade in the new AC unit installed in 2022. While the 1985 construction is evident in some architectural details and popcorn ceilings, the overall condition of the flooring, primary suite, and private pool area indicates consistent upkeep and partial modernization.
The property features a private backyard oasis with a sparkling pool and spa, a highly desirable amenity for the Phoenix climate and outdoor entertaining.
A new air conditioning system was installed in 2022, offering significant value and peace of mind regarding energy efficiency and cooling reliability.
The home offers an appealing open floor plan with soaring ceilings, stainless steel appliances, and a primary suite that includes a dedicated sitting area.
The assigned elementary school has a low rating of 2/10, which may impact long-term resale value and appeal to families with young children.
With a lot size of approximately 4,031 square feet, the outdoor space is relatively compact, leaving little room for additional landscaping or play areas beyond the pool.
Beautiful North Phoenix pool home with 3 bedrooms, 2.5 baths, soaring ceilings, and a bright open floor plan. Spacious living and dining areas, tile in all the right places, a fireplace, and a stylish kitchen with breakfast bar, stone accents, and stainless steel appliances. Upstairs, the primary suite offers dual sinks, a walk-in closet, and a separate sitting/dressing area. Private backyard with sparkling pool/spa and low-maintenance landscaping, perfect for relaxing or entertaining.Also, please note the 2022 AC. This is a high-demand Merit Estates lot with a private pool and very low HOA.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 7-8 • 3.0 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,781 | - |
| Lot Size | 4,031 | - |
| Price | $469.0K | $495.4K |
| Price per sq ft | $263 | $290 |
| Built year | 1985 | 0 |
| HOA | $46 | $0 |
| Days on market | 112 | 1260 |
May 13, 2026
$469,000
$473,000
-1% Price Drop
Initial Listing
Apr 1, 2026
$473,000
Initial Listing