856 E PARADISE Lane, Phoenix, AZ 85022, Phoenix, 85022 - 4 bed, 2 bath
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Phoenix, AZ 85022
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity, listed at $575,000—positioned well above the $542,695 Fair Market Value by -5%. While priced slightly above market, the property offers unique utility through fully paid-off solar panels and a massive 27x25 permitted workshop/RV garage. With a Condition Rating of 4, the home is functional but ready for cosmetic modernization. This property is an ideal acquisition for Hobbyists or Owner-Occupants seeking a versatile, energy-efficient workspace in a community-focused neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 856 E PARADISE Lane Subject | $575,000* List Price | 4 | 2 | 1,957 | $277 | - |
A 702 E CORAL GABLES Drive Sold | $492,930 | 4 | 2 | 2,066 | $239 | 0.6 mi |
B 402 E MONTE CRISTO Avenue Sold | $553,500 | 3 | 2 | 1,943 | $285 | 0.4 mi |
C 702 E CORAL GABLES Drive Sold | $492,930 | 4 | 2 | 2,066 | $239 | 0.6 mi |
D 702 E CORAL GABLES Drive Sold | $492,930 | 4 | 2 | 2,066 | $239 | 0.6 mi |
E 1647 E Waltann Lane Sold | $685,000 | 3 | 2 | 1,839 | $372 | 1.0 mi |
F 14830 N 10th Street Sold | $729,000 | 4 | 2 | 2,154 | $338 | 0.8 mi |
G 816 E GRANDVIEW Road Active Under Contract | $560,000 List Price | 4 | 2 | 1,852 | $302 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, the property is well-maintained but dated. The kitchen features older oak cabinetry and laminate-style countertops that appear to be over 20 years old. While the addition of solar panels and a large workshop are functional upgrades, the interior finishes, lighting, and bathrooms require modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11917, living area = 1957.
The property features fully paid-off solar panels that significantly reduce utility costs, with peak summer electric bills as low as $108, providing substantial long-term financial value in the Phoenix climate.
A rare find featuring two separate garages, including a massive 27x25 permitted workshop/RV storage area with high-clearance doors and 220v power, ideal for hobbyists or owners with large recreational vehicles.
Built in 1979, the home may require updates to major systems or cosmetic modernizations to compete with newer builds or fully renovated properties in the area.
The assigned middle and high schools have lower GreatSchools ratings (2/10 and 4/10 respectively), which may be a deterrent for education-focused families.
SOLAR PANELS with NO PAYMENTS! *Highest electric bill was $108 in August 2024 *Cul-de-sac lot *Split floorplan *Need RV storage or a big workshop or indoor sports court? TWO SEPARATE GARAGES (One is standard 2-car with 220v) (The other is a 27x25 GARAGE/WORKSHOP/RV STORAGE AREA with 220v & separate 30amp outlet for an RV; Front entry 10'Hx12'W; rear entry 9'Hx12'W; all permitted by the city & approved by the HOA) *12' wide RV GATE *Great location *Greentrails HOA has its own private 20-acre community park w/ basketball, dog park, playground, volleyball, tennis, BBQ grills, & picnic tables *Lookout Mountain Preserve w/ hiking trails nearby *Bike trails along Greenway Pkwy *About a half mile from all the shopping & restaurants at 7th St & Bell *Excellent PV Schools w/ Pre-IB & IB Programs
No exterior & parking available.
Grades K-6 • 1.4 mi
Grades 7-8 • 2.7 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,957 | - |
| Lot Size | 11,917 | - |
| Price | $575.0K | $495.4K |
| Price per sq ft | $294 | $290 |
| Built year | 1979 | 0 |
| HOA | $36 | $0 |
| Days on market | 26 | 1260 |
Jun 26, 2026
$575,000
Initial Listing