
Scottsdale, AZ 85250
This property presents a High-Potential Investment Opportunity with a List Price of $629,900—positioned well below the $616,234 Fair Market Value by -2%. While the home carries a Condition Rating of 5, its 2,196 sqft footprint and spacious corner lot provide a blank canvas for significant value-add renovations. With neighboring properties exceeding $1 million, this asset is primed for forced appreciation. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project with substantial upside in a premier Scottsdale location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8602 E PECOS Lane Subject | $629,900* List Price | 4 | 3 | 2,196 | $281 | - |
A 5135 N 86TH Street Sold | $660,000 | 4 | 2 | 1,818 | $363 | 0.3 mi |
B 8601 E valley view Road Active | $550,000 List Price | 4 | 2 | 2,235 | $246 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1961 and explicitly described as a renovation project, the home is over 60 years old with mostly original or aged features. The kitchen and bathrooms are dated with older cabinetry and laminate surfaces, and the interior retains popcorn ceilings and older carpets, necessitating a full rehab to reach the neighborhood's market potential.
Located in a premier Scottsdale neighborhood where renovated neighboring homes sell for over $1M, offering significant upside potential for a fix-and-flip or custom renovation.
The property sits on a spacious corner lot with a large backyard, providing the necessary space to add a pool or create an expansive outdoor living area.
With 4 bedrooms, 3 bathrooms, and nearly 2,200 square feet, the home offers a functional footprint that is rare for the area and ideal for modern family living.
The home is in original or dated condition, requiring a substantial budget for cosmetic and structural updates to bring it to current market standards.
Built in 1961, the property likely requires inspections and potential upgrades to major systems like plumbing, electrical, and HVAC, which are common concerns for homes of this vintage.
Located in a highly desirable Scottsdale neighborhood, this 4-bedroom home offers incredible potential for a buyer ready to make it their own. While the home is dated, it has great bones, a functional layout, and the kind of location that makes a renovation well worth considering. Situated on a spacious corner lot, the property features a generously sized backyard with plenty of room to create an impressive outdoor living space, add a pool, or design the perfect Scottsdale retreat. The home is also within walking distance to the nearby school and is surrounded by beautifully renovated properties. This neighborhood has seen remodeled homes sell for over $1 million, including a renovated property next door, highlighting the upside potential for the right buyer. Whether you're looking for a primary residence to customize, a renovation project, or a long-term investment in an established Scottsdale community, this home offers a rare opportunity to create something special in a fantastic location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,196 | 2,663.758 |
| Lot Size | 7,608 | 10,693.732 |
| Price | $629.9K | $1.16M |
| Price per sq ft | $287 | $440 |
| Built year | 1961 | 1993 |
| HOA | $0 | $289 |
| Days on market | 9 | 84 |
Aug 31, 2026
$629,900
Initial Listing