
Phoenix, AZ 85020
This Single Family Residence is a High-Potential Investment Opportunity, listed at $1,299,999—positioned above the $1,248,366 Fair Market Value by 4%. While priced at a premium, the property features a Condition Rating of 4, offering a unique canvas for cosmetic updates. The 12,372 sqft oversized lot with a custom-built sauna and RV gate provides significant lifestyle utility. This property is an ideal acquisition for Owner-Occupants seeking a custom North Central Phoenix retreat or Value-Add Investors looking to modernize the interior finishes.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 718 E ORANGEWOOD Avenue Subject | $1,299,999* List Price | 4 | 3 | 2,324 | $537 | - |
A 313 E WAGON WHEEL Drive Pending | $1,200,000 List Price | 4 | 2 | 2,522 | $476 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997 (27 years old), the property falls into the >20y category. While the description notes it is 'beautifully maintained,' the interior finishes are dated, featuring white appliances, early-2000s style mosaic tile backsplashes, and Venetian plaster. The presence of a window AC unit in the sauna room suggests potential limitations in the primary HVAC coverage for custom additions.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12372, living area = 2324.
The oversized 12,372 sqft lot features a custom-built sauna, mature fruit trees, a large pergola, and an RV gate, offering a private resort-like experience in North Central Phoenix.
Hand-applied Venetian plaster walls combined with soaring vaulted ceilings and a functional split floor plan provide a unique, high-end aesthetic that distinguishes this home from standard builds.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12372, other record lot size in square feet = 828.
At a list price of approximately $1.3M for 2,324 square feet, the property sits at a premium price point that may be perceived as high relative to the living area provided.
The use of laminate flooring alongside wood may be seen as a drawback for luxury-tier buyers who typically expect consistent high-end materials like hardwood or stone throughout.
Situated on an oversized lot in the heart of North Central Phoenix, this beautifully maintained home combines timeless character with thoughtful custom upgrades. A desirable split floor plan offers both privacy and functionality, while soaring vaulted ceilings create an open, airy feel in the main living area. Rich wood and laminate flooring flow throughout, complemented by hand-applied Venetian plaster walls that add warmth, texture, and distinctive craftsmanship. Step outside to your own backyard retreat, where mature fruit trees provide beauty, shade, and seasonal harvests. The expansive lot is designed for both relaxation and entertaining, featuring a spacious pergola, an inviting paver patio, and plenty of room to garden or gather with family and friends. The RV gate adds convenience for recreational vehicles, trailers, or additional parking, while the custom-built sauna offers the perfect private escape after a day of exploring all that Phoenix has to offer. Ideally located near premier shopping, dining, entertainment, and some of Phoenix's best hiking trails, this one-of-a-kind property offers the perfect balance of comfort, character, and convenience. Don't miss the opportunity to make this exceptional home your own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,324 | - |
| Lot Size | 12,372 | - |
| Price | $1.30M | $495.4K |
| Price per sq ft | $559 | $290 |
| Built year | 1997 | 0 |
| HOA | $0 | $0 |
| Days on market | 14 | 1260 |
Jul 8, 2026
$1,299,999
Initial Listing