525 E TARO Lane, Phoenix, AZ 85024, Phoenix, 85024 - 3 bed, 3 bath
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525 E TARO Lane
Phoenix, AZ 85024
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,643Sq Ft
4,288Lot Size
Property Price
LIST PRICE$430,000
EST. MARKET VALUE
$415,849
3% AboveMARKET VALUE
SUMMARY
This Single Family Residence represents a Strong Value Opportunity, listed at $430,000—positioned well above the $415,849 Fair Market Value by 3%. While the property requires minor cosmetic updates to address its Condition Rating of 4, it features a functional layout with stainless steel appliances and hard surface countertops. The low $46 association fee enhances long-term affordability. Despite modest school ratings, the home offers a practical floor plan and a private patio for outdoor living. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a manageable entry point.
Estimated Market Value
$415,849
Based on Realkey algorithm analyzing recent comparable sales in Phoenix.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 525 E TARO Lane Subject | $430,000* List Price | 3 | 3 | 1,643 | $253 | - |
A 601 E WESCOTT Drive Sold | $327,000 | 3 | 3 | 1,759 | $186 | 0.0 mi |
B 413 E KRISTAL Way Sold | $435,000 | 3 | 3 | 1,656 | $263 | 0.2 mi |
C 20220 N 9th Street N Sold | $465,000 | 4 | 2 | 1,810 | $257 | 0.8 mi |
D 406 E ORAIBI Drive Sold | $340,000 | 3 | 2 | 1,006 | $338 | 0.4 mi |
E 413 E KRISTAL Way Active | $460,000 List Price | 3 | 3 | 1,656 | $278 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1986 (38 years old), the property falls into the >20y category. While it features some updates like stainless steel appliances and hard surface countertops, the presence of popcorn ceilings and dated light fixtures indicates it needs minor cosmetic updates to be fully modernized.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Kitchen Finishes
The kitchen is equipped with stainless steel appliances and hard surface countertops, offering a contemporary feel that appeals to modern buyers seeking move-in-ready features.
- Functional Floor Plan
The 1,643 sqft layout features a desirable 3-bedroom, 3-bathroom configuration with a cozy fireplace, maximizing both comfort and utility for families or professionals.
- Low Carrying Costs
With an exceptionally low monthly association fee of $46, this property offers greater long-term affordability and lower monthly overhead compared to similar subdivisions.
CONSRISKS & DEFICIENCIES
- School District Ratings
The assigned elementary and high schools have lower performance ratings (2/10 and 4/10 respectively), which may be a concern for families prioritizing education.
- Limited Outdoor Space
The lot size of 4,288 sqft is relatively modest for a single-family residence, providing less backyard space for extensive landscaping or large-scale outdoor recreation.
About 525 E TARO Lane
Charm and curb appeal abound for this Phoenix home! Step inside into the inviting foyer and into the well-appointed living room, which features a fireplace. Through the dining room you'll find the kitchen, which boasts stainless steel appliances, hard surface countertops, and ample storage. On the second story you'll find the primary suite and two secondary bedrooms. Come and see for yourself the possibilities that this home has to offer!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1986
- Lot Size
- 4,288 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $46 / Month
Neighborhood Insights
Phoenix Unified Schools
Eagle Ridge Elementary School
Grades K-6 • 0.9 mi
2/10
Mountain Trail Middle School
Grades 7-8 • 3.1 mi
6/10
North Canyon High School
Grades 9-12 • 1.3 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,643 | 1,820.548 |
| Lot Size | 4,288 | 7,305.343 |
| Price | $430.0K | $470.3K |
| Price per sq ft | $262 | $279 |
| Built year | 1986 | 1986 |
| HOA | $46 | $186 |
| Days on market | 6 | 67 |
Pricing History
Listed for Sale
Sep 3, 2026
$430,000
Initial Listing