8814 N 2ND Way, Phoenix, AZ 85020, Phoenix, 85020 - 3 bed, 2 bath
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Phoenix, AZ 85020
This Move-In Ready Residential Home is a Strong Value Opportunity, listed at $379,000—positioned well below the $406,896 Fair Market Value by 6%. This valuation gap offers $27,896 in Instant Equity. While the interior holds a Fair Condition Rating with original finishes, the property boasts a 2019 Roof, fresh paint, and rare R-5 Multi-Family Zoning on a large lot. Located steps from top-rated Sunnyslope High School, it balances immediate comfort with massive development potential. This is an elite choice for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8814 N 2ND Way Subject | $379,000* List Price | 3 | 2 | 1,254 | $324 | - |
A 811 E EL CAMINITO Drive Sold | $400,000 | 3 | 2 | 1,040 | $385 | 0.6 mi |
B 8829 N 2ND Way Sold | $315,000 List Price | 3 | 2 | 1,327 | 0.1 mi | |
C 811 E EL CAMINITO Drive Sold | $400,000 | 3 | 2 | 1,040 | $385 | 0.6 mi |
D 811 E EL CAMINITO Drive Sold | $400,000 | 3 | 2 | 1,040 | $385 | 0.6 mi |
E 811 E EL CAMINITO Drive Sold | $400,000 | 3 | 2 | 1,040 | $385 | 0.6 mi |
F 915 E ORCHID Lane Sold | $290,000 List Price | 3 | 2 | 1,092 | 0.6 mi | |
G 1114 E ORCHID Lane Active | $345,000 List Price | 3 | 2 | 1,400 | $246 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1996 and is well-maintained but largely original in its interior finishes. While it features a newer roof (2019) and fresh exterior paint, the kitchen and bathrooms are outdated, featuring 1990s-style oak cabinetry, laminate countertops, and basic fiberglass tub surrounds. The home is move-in ready and functional, but the lack of modern updates to major interior components and the unfinished backyard align with the fair condition criteria.
The property is ideally situated within walking distance to the highly-rated Sunnyslope High School and convenient retail options like Walmart, offering excellent urban accessibility.
Zoned R-5 multi-family with a generous 6,250 sqft lot, this property provides a rare opportunity to add a casita or multi-generational living space to increase long-term value.
Featuring a newer roof from 2019, fresh exterior paint, and all appliances included, this 1996-built home offers a move-in ready experience with lower immediate maintenance needs.
The backyard is currently a 'blank slate,' requiring the buyer to invest additional time and capital to create a functional outdoor living space or curb appeal.
While the high school is top-rated, the assigned elementary and middle schools have lower ratings (4/10), which may be a consideration for families with younger children.
Fantastic move in ready home in a prime North Central location! WALK to top rated Sunny Slope high and Desert View Elementary schools as well as nearby dining, shopping (Wal Mart one block North), and entertainment. Enjoy convenient living in a newer construction home with a freshly painted exterior and newer roof (2019). Highlights include: attached 2-car garage with storage, 3 beds, 2 baths, vaulted ceilings, inside laundry room with full size washer/dryer, and all appliances are included for a turn key purchase. The large primary bathroom features a separate toilet room, linen storage, and walk in closet. The ~6,250sqft lot is a blank slate with room for a pool or adding a casita for multi-generational living (the lot is zoned R-5 multi-family).
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 5-8 • 1.7 mi
Grades 9-12 • 0.3 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 | 1,254 | 1,918 | 14% |
| Lot Size | 6,250 | 8,306 | 19% |
| Price | $379.0K | $446.0K | 43% |
| Price per sq ft | $302 | $283 | 54% |
| Built year | 1996 | 1967 | 84% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 1413 | 1% |
Feb 28, 2026
$379,000
Initial Listing