7233 W COTTONTAIL Lane, Peoria, AZ 85383, Peoria, 85383 - 3 bed, 2 bath
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Peoria, AZ 85383
This Spacious Single-Family Residence is a High-Potential Investment Opportunity with a List Price of $549,000—positioned well below the $741,408 Fair Market Value by 25%. This significant valuation gap provides $192,408 in Instant Equity. While the interior features dated finishes, the home maintains a Good Condition Rating with a 2024 Pex replumb, new HVAC systems, and paid-for solar. Featuring a backyard pool oasis and proximity to the top-rated Terramar Elementary, it is an ideal acquisition for Owner-Occupants seeking a value-buy or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7233 W COTTONTAIL Lane Subject | $549,000* List Price | 3 | 2 | 2,093 | $354 | - |
A 7150 W AVENIDA DEL REY -- Sold | $560,000 | 3 | 2 | 2,128 | $263 | 0.1 mi |
B 25403 N 71ST Drive Sold | $600,000 | 3 | 2 | 2,062 | $291 | 0.2 mi |
C 7167 W BUCKSKIN Trail Sold | $580,000 | 3 | 2 | 2,283 | $254 | 0.3 mi |
D 7449 W HONEYSUCKLE Drive Sold | $625,000 | 4 | 3 | 2,508 | $249 | 0.2 mi |
E 7324 W TOMBSTONE Trail Sold | $667,000 | 3 | 3 | 2,508 | $266 | 0.9 mi |
F 7407 W REMUDA Drive Active | $659,900 List Price | 3 | 3 | 2,520 | $262 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in good, move-in ready condition, distinguished by significant recent capital improvements including a full Pex replumb (2024), new HVAC and Bosch A/C systems (2022/2024), and roof underlayment (2019). While the kitchen and bathrooms are aesthetically dated—featuring 1999-era Corian countertops, espresso cabinetry, and gold-framed shower enclosures—the home has been exceptionally well-maintained. The presence of paid-for solar panels and a high-quality backyard pool oasis further elevates the property's value above a standard 'fair' rating despite the older interior styling.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9200, living area = 2093.
The property features fully paid-for solar panels and significant recent mechanical updates, including a 2024 Pex replumb, a 2022 York HVAC, and a 2024 Bosch A/C, offering substantial utility savings and reduced maintenance costs.
The backyard serves as a private oasis with a sparkling pool featuring a rock waterfall, a covered patio, and mature landscaping on a generous 9,200-square-foot lot, perfect for Arizona's climate.
While functional, the Corian countertops and espresso cabinetry reflect older design trends that may require additional investment for buyers seeking a modern, high-end aesthetic.
Despite the major system updates, certain architectural features and the overall layout are nearly 25 years old, which may feel less contemporary compared to newer construction in the Peoria area.
PAID FOR SOLAR! Great savings. Spacious floorplan awaits you! Providing 3 beds + den, 2 baths, mature landscape, & a split 3-car garage w/cabinets. The interior showcases tons windows with natural light, designer palette, recessed lighting, and tile flooring in all the right places. Large living space w/media niche! The eat-in kitchen boasts built-in appliances, Corian counters, a walk-in pantry, ample espresso cabinetry, a center island, a bay window, and a 2-tier island w/breakfast bar. Versatile den for an office! Main bedroom has an ensuite with dual sinks, separate tub/shower, & a walk-in closet. Enjoy the backyard oasis featuring a covered patio & a sparkling pool w/rock waterfall! With its functional layout & generous spaces, this home offers endless potential. .With its functional layout & generous spaces, this home offers endless potential. Make this your castle. Roof underlayment 2019, additional blown in insulation 2019, Pentair 2 phase pool pump 2019, Pool filter cartridge install 2020, 2) 20 amp electrical circuits installed to garage & dining room, Entire pex replumb 2024, York 4 ton 15-17 seer 2 stage HVAC 2022, Bosch 3 ton a/c 16 seer 2024.
No exterior & parking available.
Grades PK-8 • 0.4 mi
Grades PK-8 • 3.0 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 42% |
| Baths | 2.0 | 3.0 | 33% |
| Square foot | 2,093 | 2,519 | 27% |
| Lot Size | 9,200 | 7,500 | 69% |
| Price | $549.0K | $509.9K | 56% |
| Price per sq ft | $262 | $215 | 68% |
| Built year | 1999 | 2011 | 9% |
| HOA | $100 | $165 | 36% |
| Days on market | 57 | 2135 | 0% |
Feb 25, 2026
$549,000
Initial Listing