8637 E PALM Lane, Scottsdale, AZ 85257, Scottsdale, 85257 - 3 bed, 2 bath
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Scottsdale, AZ 85257
This Turnkey Income-Generating Asset is listed at $684,900, representing a stable entry point near its $673,578 Fair Market Value. Boasting an Excellent Condition Rating, the property features significant infrastructure upgrades including a new electrical panel, ABS plumbing, and a Trane HVAC system. The high-end remodel is complemented by a quartz kitchen and a private pool with new equipment. With a secured lease through February 2027 and proximity to 7-rated elementary schools, this property ensures immediate cash flow and long-term desirability. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8637 E PALM Lane Subject | $684,900* List Price | 3 | 2 | 1,475 | $457 | - |
A 8532 E SHERIDAN Street Sold | $625,000 | 3 | 2 | 1,520 | $411 | 0.5 mi |
B 8608 E DIANNA Drive Sold | $820,000 | 3 | 2 | 1,609 | $510 | 0.2 mi |
C 1379 N 86TH Way Sold | $575,000 | 3 | 2 | 1,668 | $345 | 0.3 mi |
D 2044 N 87TH Street Sold | $499,000 List Price | 3 | 2 | 1,405 | 0.2 mi | |
E 8222 E SHERIDAN Street Sold | $595,000 | 4 | 2 | 1,594 | $373 | 0.6 mi |
F 8218 E PINE Drive Sold | $699,000 | 3 | 2 | 1,620 | $431 | 0.4 mi |
G 8640 E DIANNA Drive Active | $850,000 List Price | 3 | 2 | 1,460 | $582 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1961, the property has undergone an extensive and high-quality renovation within the last 5 years, meeting the criteria for 'excellent' condition. The interior features a modern kitchen with white shaker cabinets, quartz countertops, a large island, and stainless steel appliances. The home also boasts significant infrastructure upgrades including a brand-new electrical panel, ABS plumbing, and a Trane HVAC system only 3 years old. The flooring, recessed lighting, and pool equipment are all recently updated, presenting a turnkey, like-new living environment.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7871, living area = 1475.
The property features a brand-new electrical panel, ABS plumbing, and a high-quality Trane HVAC system only three years old, offering peace of mind and reduced maintenance costs for the buyer.
Boasting a clean and bright interior remodel along with a large backyard and a pool with a new filter and pump, the home is move-in ready and optimized for the Arizona lifestyle.
The property is currently rented until February 2027 with the lease surviving closing, which excludes owner-occupant buyers and limits the immediate market to long-term investors.
While the elementary schools are highly rated, the assigned middle and high schools have lower performance ratings (4/10 and 3/10), which may deter families with older children.
Awesome Property with brand new electrical panel, new HVAC (3 years), new pool filter, and new pool pump. Right off Mcdowell and the 202! Refreshing pool, Clean and Bright Remodel, and a Large Backyard. Complete Electrical Panel upgrade, New Trane AC Unit ABS Plumbing. This house is perfect for anyone looking for a Nicely updated and ready to go Home! Home is Available Furnished if desired. The house is currently rented until Feb 2027 and lease will survive closing.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades PK-6 • 1.4 mi
Grades 6-8 • 2.4 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 | 1,475 | 1,620 | 24% |
| Lot Size | 7,871 | 7,454 | 61% |
| Price | $684.9K | $575.0K | 65% |
| Price per sq ft | $464 | $345 | 81% |
| Built year | 1961 | 1960 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 209 | 1958 | 23% |
Sep 25, 2025
$684,900
Initial Listing