940 E Berridge Lane, Phoenix, AZ 85014, Phoenix, 85014 - 3 bed, 2 bath
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Phoenix, AZ 85014
This Updated Mid-Century Ranch is a Prime Investment Opportunity, listed at $515,000—positioned well below the $535,372 Fair Market Value by 3%. This valuation gap secures $20,372 in Instant Equity for the incoming buyer. Featuring a Condition Rating of 3, the residence boasts a Granite Kitchen, a 2023 Water Heater, and a 2015 HVAC system. Located on an Oversized Corner Lot within the prestigious Madison School District, the property offers immediate livability with significant upside for cosmetic personalization. It is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 940 E Berridge Lane Subject | $475,000* List Price | 3 | 2 | 1,558 | $305 | - |
A 722 E MCLELLAN Boulevard Sold | $575,000 | 3 | 2 | 1,558 | $369 | 0.6 mi |
B 1320 E PALO VERDE Drive Sold | $560,000 | 3 | 2 | 1,516 | $369 | 0.5 mi |
C 6750 N 11TH Place Sold | $515,000 | 3 | 2 | 1,610 | $320 | 0.8 mi |
D 1022 E KEIM Drive Sold | $540,000 | 3 | 2 | 1,710 | $316 | 0.1 mi |
E 732 E CLAREMONT Street Sold | $459,900 List Price | 3 | 2 | 1,584 | 0.3 mi | |
F 1022 E KEIM Drive Sold | $540,000 | 3 | 2 | 1,710 | $316 | 0.1 mi |
G 6804 N 11TH Street Pending | $575,000 List Price | 4 | 2 | 1,533 | $375 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several key system updates, including a new water heater (2023), HVAC (2015), and updated electrical. The kitchen has been modernized with granite countertops and white cabinetry. While the 1954 structure and stained concrete flooring reflect an older aesthetic, the home is well-maintained with functional major systems and no significant deferred maintenance mentioned.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7728, living area = 1558.
Situated under a mile from Phoenix Mountains Preserve trailheads and the Cross Cut Canal, offering exceptional access to outdoor recreation in a highly desirable Phoenix neighborhood.
The home features significant recent improvements, including a new water heater (2023), HVAC (2015), and updated electrical, providing peace of mind regarding major systems.
Built in 1954, the property may require ongoing maintenance or further modernization of original components typical of mid-century homes.
While functional and updated in key areas, the home is marketed as needing personal touches, suggesting that buyers may want to budget for further aesthetic renovations to meet modern tastes.
Close to the Central Corridor! Under a mile from Phoenix Mountains Preserve trailheads with easy access to the Cross Cut Canal! Upgrades include: HVAC in 2015, water heater in 2023, granite kitchen counters with white cabinets, fresh paint, updated electrical, and low maintenance tile/stained concrete floors. Inside laundry provides added storage. Enjoy the covered patio and large grassy backyard--great for play, BBQs, or grow a little garden! Rear Parking! This is a solid older home with strong bones and some key updates completed. This house is ready for your vision and personal touches. Come explore the possibilities in this prime area today!
No exterior & parking available.
Grades PK-4 • 0.2 mi
Grades 5-8 • 1.0 mi
Grades 9-12 • 3.2 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 | 1,558 | 1,695.5 | 39% |
| Lot Size | 7,728 | 7,765 | 50% |
| Price | $475.0K | $485.0K | 48% |
| Price per sq ft | $305 | $323 | 45% |
| Built year | 1954 | 1952 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 65 | 1642 | 2% |
Apr 24, 2026
$475,000
$499,000
-5% Price Drop
Initial Listing
Apr 15, 2026
$499,000
$515,000
-3% Price Drop
Initial Listing
Feb 20, 2026
$515,000
Initial Listing