985 N GRANITE REEF Road 134, Scottsdale, AZ 85257, Scottsdale, 85257 - 2 bed, 2 bath
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Scottsdale, AZ 85257
This property presents a High-Potential Investment Opportunity with a List Price of $265,000—positioned well below the $224,653 Fair Market Value by -17%. While the property is currently priced above the estimated market value, its Fair Condition Rating and inclusion of a Private Garage provide a stable foundation for value-add improvements. Located near Old Town Scottsdale, this asset offers high rental demand. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a strategic entry into a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 985 N GRANITE REEF Road 134 Subject | $265,000* List Price | 2 | 2 | 855 | $263 | - |
A 8525 E BELLEVIEW Street Sold | $305,000 | 2 | 2 | 950 | $321 | 0.3 mi |
B 8625 E BELLEVIEW Place 1124 Sold | $265,000 List Price | 2 | 2 | 917 | 0.5 mi | |
C 8625 E BELLEVIEW Place 1124 Sold | $224,000 List Price | 2 | 2 | 917 | 0.5 mi | |
D 8625 E BELLEVIEW Place 1124 Sold | $329,500 | 2 | 2 | 917 | $359 | 0.5 mi |
E 1139 N 84TH Place Sold | $235,000 | 2 | 2 | 950 | $247 | 0.2 mi |
F 1139 N 84TH Place Sold | $235,000 | 2 | 2 | 950 | $247 | 0.2 mi |
G 8625 E Belleview PL Place 1125 Pending | $335,900 List Price | 2 | 2 | 917 | $366 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, this 39-year-old property shows some cosmetic updates like newer wood-look flooring and fresh paint. However, the kitchen and bathrooms remain dated with older oak cabinetry and standard tile work. While functional and move-in ready, the core systems and finishes are over 20 years old, placing it in the fair category.
Priced at $265,000, this property represents one of the most competitive entry points in the Scottsdale market for a 2-bedroom, 2-bathroom configuration, offering high potential for equity growth.
The inclusion of a private garage is a rare and premium feature for condominiums at this price point, providing essential security for vehicles and additional storage capacity.
The property's proximity to Old Town Scottsdale ensures residents have immediate access to world-class dining, shopping, and entertainment, making it a high-demand location for both owners and renters.
The assigned middle and high schools have lower performance ratings (4/10 and 3/10), which may deter families and impact the property's appeal to a broader demographic.
With only 855 square feet to accommodate two bedrooms and two bathrooms, the interior layout may feel restrictive for those seeking spacious common areas or larger furniture arrangements.
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No exterior & parking available.
Grades PK-6 • 1.0 mi
Grades 6-8 • 2.2 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 855 | 1,010 | 7% |
| Lot Size | 848 | 65 | 57% |
| Price | $265.0K | $270.0K | 43% |
| Price per sq ft | $310 | $274 | 64% |
| Built year | 1985 | 1983 | 71% |
| HOA | $300 | $196 | 79% |
| Days on market | 38 | 2370 | 7% |
May 9, 2026
$265,000
Initial Listing