8500 E INDIAN SCHOOL Road 247, Scottsdale, AZ 85251, Scottsdale, 85251 - 2 bed, 2 bath
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Scottsdale, AZ 85251
This Spacious Top-Floor Condominium is a High-Potential Investment Opportunity, listed at $295,000—positioned well below the $332,670 Fair Market Value by 11%. This valuation gap provides $37,670 in Instant Equity for incoming buyers. Boasting a Condition Rating of 3, the unit features a brand-new 2024 HVAC, a renovated granite kitchen, and a private balcony with pool views. Located near Old Town Scottsdale and the 7-rated Mohave Middle School, it balances lifestyle with financial upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, value-driven asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8500 E INDIAN SCHOOL Road 247 Subject | $295,000* List Price | 2 | 2 | 1,212 | $274 | - |
A 8500 E INDIAN SCHOOL Road 129 Sold | $338,900 List Price | 2 | 2 | 1,212 | 0.0 mi | |
B 7950 E CAMELBACK Road 308 Sold | $325,000 | 2 | 2 | 1,200 | $271 | 0.9 mi |
C 4354 N 82ND Street 234 Sold | $278,000 | 2 | 2 | 960 | $290 | 0.5 mi |
D 3500 N HAYDEN Road 1803 Sold | $215,000 List Price | 2 | 2 | 955 | 0.8 mi | |
E 8500 E INDIAN SCHOOL Road 243 Active | $289,000 List Price | 2 | 2 | 1,212 | $238 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1981, the property is well-maintained and move-in ready. It features a brand new 2024 HVAC system and a renovated kitchen with granite countertops and newer stainless steel appliances. The combination of updated systems and functional, modern finishes fits the 5-15 year renovation criteria for a 'Good' rating.
The property features a brand-new 2024 HVAC system and a modernized kitchen with granite countertops and newer stainless steel appliances, significantly reducing immediate move-in costs.
Located on the top floor of a two-story building, this unit offers superior privacy with no neighbors above and a tranquil balcony view overlooking the community pool.
The generous 1,212 sqft floor plan is enhanced by durable tile and hardwood flooring throughout, providing a modern, carpet-free aesthetic that is easy to maintain.
The monthly association fee of $427 is relatively high for this price point, which may impact the monthly budget and overall affordability for some buyers.
Originally constructed in 1981, the community may require ongoing maintenance or future capital improvements typical of 40-plus-year-old developments.
This two-bedroom, two-bathroom condominium/townhouse offers 1,212 sf of living space on the top floor of a 2-story building. The unit features a spacious layout with abundant natural light throughout. The main living areas showcase tile flooring, providing a durable and easy-to-maintain surface. Hardwood flooring can be found in other areas of the home, adding a warm and inviting ambiance. The kitchen is well-equipped, boasting ample cabinetry, newer stainless steel appliances, and granite countertops. The unit provides ample storage, spacious closets, a full-sized washer and dryer, and a 2024 HVAC. The community amenities include a spa, a heated pool, and a workout room. The overlooks the covered balcony overlooks the community pool, offering a serene and tranquil view.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades 6-8 • 1.4 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,212 | 1,188 | 58% |
| Lot Size | 1,272 | 889 | 76% |
| Price | $295.0K | $285.0K | 51% |
| Price per sq ft | $243 | $290 | 42% |
| Built year | 1981 | 1980 | 53% |
| HOA | $427 | $322 | 67% |
| Days on market | 56 | 2908 | 2% |
Apr 19, 2026
$295,000
Initial Listing