864 E PARADISE Lane, Phoenix, AZ 85022, Phoenix, 85022 - 4 bed, 2 bath
Loading property details...
864 E PARADISE Lane
Phoenix, AZ 85022
ACTIVE
CONDITION: FAIR
4Beds
2Baths
2,256Sq Ft
10,054Lot Size
Property Price
LIST PRICE$575,000
EST. MARKET VALUE
$585,588
SUMMARY
This Spacious Single Family Residence is a High-Potential Investment Opportunity, listed at $575,000—positioned well below the $585,588 Fair Market Value by 1.8%. This valuation gap offers $10,588 in Instant Equity. Featuring a Condition Rating of 4, the home includes a permitted 280 sq ft workshop, RV gate, and mountain views. While the interior requires cosmetic updates, recent mechanical improvements like a 2022 A/C provide a solid foundation. This property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking value-add potential.
Estimated Market Value
$585,588
Based on Realkey algorithm analyzing recent comparable sales in Phoenix.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 864 E PARADISE Lane Subject | $575,000* List Price | 4 | 2 | 2,256 | $260 | - |
A 1311 E GRANDVIEW Road Sold | $715,000 | 4 | 3 | 2,324 | $308 | 0.5 mi |
B 1328 E Sandra Terrace Sold | $645,000 | 4 | 3 | 2,324 | $278 | 0.5 mi |
C 612 E BROOK HOLLOW Drive Sold | $690,000 | 3 | 3 | 2,212 | $312 | 0.8 mi |
D 402 E MONTE CRISTO Avenue Sold | $553,500 | 3 | 2 | 1,943 | $285 | 0.4 mi |
E 16207 N 11TH Place Active | $599,000 List Price | 4 | 2 | 2,039 | $294 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1979, the property is over 20 years old and shows a mix of updates and neglect. While it features a new HVAC (2022) and one remodeled bathroom (2023), the 'retro' master bath is dated and one bedroom shows severely damaged/stained flooring requiring immediate replacement.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10054, living area = 2256.
- Hobbyist and Storage Features
The property boasts a rare 280 sq ft permitted workshop and a 10' wide RV gate on a large cul-de-sac lot, providing exceptional utility for projects and recreational vehicle storage.
- Recent Capital Improvements
Key mechanical and interior updates include a new A/C system installed in 2022, a solar water heater, and a fully remodeled hall bathroom in 2023, reducing immediate maintenance concerns.
CONSRISKS & DEFICIENCIES
- Dated Interior Elements
With a 1979 build date and specific mentions of 'retro' features like the primary bathtub, the home likely requires further cosmetic modernization to meet contemporary luxury standards.
- Mixed School Ratings
Despite being in the Paradise Valley School District, the assigned middle and high schools have lower performance ratings (2/10 and 4/10 respectively), which may be a concern for education-focused buyers.
About 864 E PARADISE Lane
Cul-de-sac lot *Permitted 280 sq ft workshop! *10' wide RV GATE *Split floorplan *Main suite features walk-in closet plus extra closet, access to the back yard, & large bathroom w/ double sinks & a retro bathtub that must be seen *2nd bed has a walk-in closet *Remodeled hall bath 2023 *Separate living, dining, & family rooms *Fireplace *A/C new in 2022 *Solar water heater *Large grassy backyard w/ extended covered patio *Great Moon Valley area 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 1/2 mile from all the shopping & restaurants at 7th St & Bell *Excellent PV Schools w/ Pre-IB & IB Programs
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 10,054 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $36 / Month
Neighborhood Insights
Phoenix Unified Schools
Aire Libre Elementary School
Grades K-6 • 1.4 mi
5/10
Greenway Middle School
Grades 7-8 • 2.7 mi
2/10
North Canyon High School
Grades 9-12 • 1.9 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,256 | 1,850.5 |
| Lot Size | 10,054 | 7,313 |
| Price | $575.0K | $481.7K |
| Price per sq ft | $255 | $289 |
| Built year | 1979 | 1987 |
| HOA | $36 | $175 |
| Days on market | 22 | 757 |
Pricing History
Listed for Sale
Aug 3, 2026
$575,000
Initial Listing