8409 N 31ST Lane, Phoenix, AZ 85051, Phoenix, 85051 - 3 bed, 2 bath
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Phoenix, AZ 85051
This Spacious Single-Level Residence represents a High-Potential Investment Opportunity, listed at $360,000—positioned well below the $367,785 Fair Market Value by 2%. This valuation gap provides $7,785 in Instant Equity. Featuring a Granite Kitchen and a generous 7,963 sqft lot, the home maintains a Condition Rating of 4, offering significant upside through cosmetic modernization. With no HOA fees and a versatile layout, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8409 N 31ST Lane Subject | $360,000* List Price | 3 | 2 | 1,860 | $198 | - |
A 3814 W GRISWOLD Road Sold | $326,625 | 3 | 2 | 1,778 | $184 | 0.8 mi |
B 7848 N 33RD Drive Sold | $335,000 | 3 | 2 | 1,793 | $187 | 0.4 mi |
C 3825 W ROYAL PALM Road Active | $400,000 List Price | 3 | 2 | 1,793 | $223 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980 (44 years old), the property features some partial updates like granite countertops and upgraded cabinets. However, the overall interior remains dated with popcorn ceilings, older tile flooring, and vintage railings, indicating it needs cosmetic modernization and minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7963, living area = 1860.
With over 1,800 sqft of living space, this single-level home features separate family and living rooms along with a formal dining area, offering a versatile and open floor plan.
The kitchen has been enhanced with upgraded cabinetry and granite countertops, providing a contemporary feel and high-end finishes that are move-in ready.
Given the 1980 build date, original systems such as the roof or HVAC may be approaching the end of their functional lifespan if they haven't been recently updated.
The 'easy maintenance' yard may lack the lush curb appeal or professional landscaping found in competing properties, potentially requiring additional investment for outdoor aesthetics.
: SPACIOUS SINGLE LEVEL WITH OVER 1800 SQFT, 3 BEDROOMS, 2 BATHROOMS, 2 CAR GARAGE, SEPARATE FAMILY AND LIVING ROOMS, AND FORMAL DINING AREA. FEATURES AN EAT- IN KITCHEN WITH UPGRADED KITCHEN CABINETS, GRANITE COUNTER TOPS, LARGE FIREPLACE AT GREAT ROOM. EASY MAINTENANCE FRONT AND BACK YARD WITH AN EXTENDED COVERED PATIO, COME SEE THIS HOME TODAY
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,860 | - |
| Lot Size | 7,963 | - |
| Price | $360.0K | $495.4K |
| Price per sq ft | $194 | $290 |
| Built year | 1980 | 0 |
| HOA | $0 | $0 |
| Days on market | 28 | 1260 |
Jun 25, 2026
$360,000
Initial Listing