
Scottsdale, AZ 85257
This property presents a Strong Value Opportunity with a List Price of $499,950—positioned well below the $527,784 Fair Market Value by 5%. This valuation gap offers $27,834 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires modernization to reach its full potential. The 1,498 sq ft block construction on a corner lot provides a solid foundation for value-add renovations. Ideal for Buy-and-Hold Investors or Owner-Occupants, this asset offers proximity to Old Town Scottsdale and high-rated local schools.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8102 E Palm Lane Subject | $489,950* List Price | 3 | 2 | 1,498 | $331 | - |
A 7918 E Palm Lane Sold | $579,000 List Price | 3 | 2 | 1,747 | 0.2 mi | |
B 8532 E SHERIDAN Street Sold | $625,000 | 3 | 2 | 1,520 | $411 | 0.7 mi |
C 7824 E PALM Lane Pending | $515,000 List Price | 3 | 2 | 1,581 | $326 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, this 62-year-old home is described as 'functional' and 'charming' but lacks any mention of recent renovations to the kitchen, bathrooms, or major systems. While the exterior appears well-maintained and livable, the property is significantly dated and likely requires cosmetic updates and system modernizations to meet current market standards.
Situated just minutes from Old Town Scottsdale's premier dining, shopping, and entertainment, offering high desirability and excellent lifestyle convenience.
The property features a desirable North/South exposure on a corner lot, complete with an RV gate and dedicated parking for added utility and storage.
The absence of association fees combined with classic block construction provides long-term financial freedom and structural reliability.
The 1-car garage may be insufficient for modern multi-vehicle households, potentially limiting enclosed parking and storage options.
Built in 1962, the home may require significant cosmetic or mechanical updates to meet contemporary aesthetic standards and energy efficiency expectations.
Charming South Scottsdale single-family home on a corner lot with North/South exposure. This 3-bedroom, 2-bathroom property features a functional 1,498 sq ft layout with a 1-car attached garage and an RV gate with dedicated parking. Inside, find an indoor laundry setup and a cozy wood-burning stove. The exterior boasts a low-maintenance gravel front yard and a grassy, block-fenced backyard with a covered patio. Located in the Cox Heights subdivision within the Scottsdale Unified District, this block construction home sits just minutes from Old Town dining, shopping, and entertainment.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades PK-6 • 1.4 mi
Grades 6-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,498 | 1,600 | 33% |
| Lot Size | 6,540 | 7,309 | 33% |
| Price | $489.9K | $540.0K | 39% |
| Price per sq ft | $327 | $343 | 45% |
| Built year | 1962 | 1960 | 70% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 2422 | 2% |
Jun 13, 2026
$489,950
$499,950
-2% Price Drop
Initial Listing
Jun 1, 2026
$499,950
Initial Listing