
Phoenix, AZ 85014
This Value-Add Residential Asset is listed at $725,000, positioned near its $682,759 Fair Market Value. Boasting a Condition Rating of 3, the property requires strategic updates to the kitchen and original systems to maximize its market potential. The functional layout includes a Detached Office Studio, a Private Pool, and a large lot within the prestigious Madison School District. While the Short Sale status introduces transaction complexity, the location and square footage offer a clear path to appreciation. This property is best suited for Value-Add Investors or Owner-Occupants ready to customize a home in a high-demand neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6704 N 10TH Place Subject | $710,000* List Price | 4 | 2 | 1,939 | $363 | - |
A 6819 N 10TH Place Sold | $690,000 | 4 | 2 | 2,012 | $343 | 0.2 mi |
B 6742 N 11TH Street Sold | $695,500 List Price | 4 | 2 | 1,910 | 0.1 mi | |
C 6741 N 10TH Street Sold | $700,000 | 4 | 2 | 1,835 | $381 | 0.1 mi |
D 6819 N 10TH Place Sold | $690,000 | 4 | 2 | 2,027 | $340 | 0.2 mi |
E 6819 N 10TH Place Sold | $690,000 | 4 | 2 | 2,027 | $340 | 0.2 mi |
F 722 E MCLELLAN Boulevard Sold | $575,000 | 3 | 2 | 1,558 | $369 | 0.3 mi |
G 1135 E LAWRENCE Road Active | $850,000 List Price | 4 | 2 | 2,118 | $401 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the home was built in 1950, the provided images show significant modern renovations to the bathrooms (including glass showers, vessel sinks, and updated tiling) and a high-end outdoor living area with a pergola and built-in grill. These updates appear to be within the 5-15 year range, making the home move-in ready, though the 'short sale' status and 'add value' description suggest some original systems or the kitchen may still require attention.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8228, living area = 1939.
Situated in the highly desirable Palm Terrace neighborhood, the property is zoned for the sought-after Madison School District, providing excellent educational opportunities and long-term value.
The inclusion of a separate office studio in the sizable backyard offers a versatile workspace that is increasingly valuable for remote professionals and creative hobbyists.
The property is a short sale subject to lender approval, which typically involves a more complex and lengthy closing timeline compared to traditional residential transactions.
Marketed as a value-add opportunity, the home likely requires substantial capital investment for updates and repairs to meet modern standards and maximize its market potential.
Charming opportunity in a well-established North Phoenix neighborhood. This 4-bedroom, 2-bath home offers a functional layout with generous living spaces, abundant natural light, and a sizable backyard with separate office studio. Conveniently located near shopping, dining, schools, and major freeway access. Property is being sold as a short sale, subject to lender approval. Ideal for buyers looking to add value and make it their own. Don't miss this chance to secure a home in a desirable location at a compelling price point.
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades 5-8 • 0.9 mi
Grades 9-12 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 72% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,939 | 1,701 | 68% |
| Lot Size | 8,228 | 7,802 | 63% |
| Price | $710.0K | $485.0K | 74% |
| Price per sq ft | $366 | $324 | 63% |
| Built year | 1950 | 1952 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 1642 | 1% |
Apr 24, 2026
$710,000
$725,000
-2% Price Drop
Initial Listing
Apr 15, 2026
$725,000
Initial Listing