1725 W LAWRENCE Lane Phoenix, AZ 85021

Dreaming of the perfect family home or your next renovation project? There is a gem available in the rapidly improving Royal Palm Neighborhood – the area between 7th Ave and 19th Ave, bounded by Northern and Dunlap. This very active neighborhood of older luxury homes on large lots surrounds Royal Palm Park. This neighborhood has many Arcadia style large homes, wide streets and mature trees. Many smaller homes have turned over in recent years, and young families and professionals are moving in with big renovations and beautiful architecture. This opportunity will suit a family looking for a canvas to build their dream home, a builder/renovator looking for the right property in the right location to invest in their next project in an increasing $ market and be in what is rapidly becoming a million-dollar area. There are many $900,000+ homes in the neighborhood which sits in the Sunnyslope High School boundary. The property is close to the light rail, major freeways and readily accessible to Downtown, Midtown Camelback/24th and Scottsdale. This 1/3 acre (14,950ft) private corner lot sits at 1725 W Lawrence Ln. There is an unused alley in the rear, and only 1 shared fence with wonderful neighbors. The home is 1,980 sq/ft in the main house and has an approximately 25' x 35' accessory building (875 sq/ft), currently used as a workshop. This building is insulated and drywalled, powered with 220v, and is air conditioned with an automatic garage door. This building could be converted to a guest house, mother-in-law suite, casita/workshop split or perhaps a home business or contractor space. When properly permitted as living space, this would be a total 2,840 sq/ft  or $194 sq/ft  in a $300+ sq/ft neighborhood! The lot @ 14,950 sq/ft can easily accept a major expansion of the main house per City 40% coverage limits, and still leave room for outdoor living spaces, entertaining spaces, play spots and forts for the kids, RV and toy parking.... the design options are fantastic! The home is oriented N-S (south facing backyard) and has 4 bedrooms with two masters on opposite ends, and 2 decent sized smaller bedrooms (or office space). The living room, kitchen, and dining area has nice a flow and is certainly livable as-is. Flooring is travertine and bamboo with carpet/tile in the bedrooms. There is one full bath and 2 ¾ baths, one has been demo'd prior to reno and the plumbing re-done in copper. Built in 1954, this house is not perfect, but it has 'good bones'. It was extensively remodeled in 2005 with the enclosing of the carport and turning it into the new master suite, re-doing the kitchen with custom solid wood cabinets, granite countertops, new wiring, new flooring and many other upgrades. The windows are all (but one) aluminum double-pane and most have plantation shutters in excellent condition. The asphalt roof was replaced in 2009, the house A/C replaced in 2018, the shop A/C was added in 2012. The salt-water diving pool salt system was replaced in 2020, and the variable=speed pump in 2015. There are mature Olive, Mesquite, Palo Verde, Pistache, and Elm trees in the yard as well as many specimen cacti in a xeriscape yard. On the alley, there is a powered steel car gate that accesses a covered concrete space for toys or motorcycles. Yes, the home is dated  but this is an opportunity to secure a large lot in a great neighborhood in central Phoenix with great schools, in a warm family neighborhood filled with children. Over the span of raising children, this home will prove to be a bargain at $550,000.