
Phoenix, AZ 85021
This property presents a High-Potential Investment Opportunity with a List Price of $1,250,000—positioned well above the $929,269 Fair Market Value by -34%. While the price reflects a premium, the 16,971 sqft lot and three-phase electrical service offer rare infrastructure for luxury expansion. With a Condition Rating of 5, the home requires a full renovation to modernize its 1959 finishes. This is a strategic acquisition for Value-Add Investors or Owner-Occupants seeking to reimagine a premier North Central Phoenix estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1001 W KALER Drive Subject | $1,250,000* List Price | 4 | 4 | 2,877 | $323 | - |
A 7540 N 7TH Avenue Sold | $875,000 | 4 | 3 | 2,797 | $313 | 0.2 mi |
B 1302 W HAYWARD Avenue Active | $934,990 List Price | 4 | 2 | 1,922 | $486 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1959 with original or 'long-held' finishes that exceed the 30-50 year threshold. While the home features a newer electrical panel and roof, the kitchen, baths, and flooring are significantly dated and require a full rehab/renovation to meet modern standards, as explicitly suggested in the listing description.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16971, living area = 2877.
Situated on one of the largest flood-irrigated lots in the subdivision, this property offers a unique circular enclave position with mature landscaping and no direct front-facing neighbors, ensuring privacy and curb appeal.
The home features an uncommon three-phase electrical service and a flexible east-side addition with separate entrances, providing exceptional utility for EV charging, workshops, or multigenerational living.
The property retains original and long-held finishes from 1959, necessitating a significant capital investment for modern renovations and cosmetic updates to meet current market standards.
The assigned elementary and middle schools carry relatively low ratings (3 and 4 respectively), which may be a deterrent for families prioritizing high-performing public education districts.
Some homes are remarkable not because they have already been transformed, but because they offer something far more difficult to find: an extraordinary lot, a peaceful setting, and a story of care that spans generations. Set within one of the subdivision's most coveted interior pockets, this premier flood-irrigated lot is one of the largest in the neighborhood. According to the seller, the lot was originally selected by the subdivision's designer for his own residence - a choice that still feels unmistakably intentional today. Positioned within the neighborhood's distinctive circular enclave, the home enjoys a rare front-facing perspective with views of mature trees, lawns, and neighboring yards, and no home positioned directly across from its front windows. Owned, expanded, and carefully maintained by architect/designer owner for decades, the home reflects a long history of thoughtful stewardship and gracious living. This is a home from an era when rooms were generous, gatherings were grand, and the backyard was meant to be filled with music, dinner parties, and celebration. Swarovski crystal chandeliers, oversized closets, expansive glass doors, and large picture windows speak to the home's sense of glamour and occasion, while original and long-held finishes offer the next owner the opportunity to renovate, reconfigure, or reimagine the home around an irreplaceable lot. The flexible east-side addition offers separate entrances, a bathroom, generous storage, and existing utility connections, creating intriguing potential for multigenerational living, guest quarters, a private studio, office wing, or future attached suite. For buyers envisioning a luxury redesign, future expansion, EV charging, workshop space, or high-demand equipment, the home's rare three-phase electrical service offers an uncommon infrastructure advantage. Additional features include flood irrigation, mature landscaping, a reinforced concrete tile roof, a recently installed electrical panel, and a 220V garage outlet for EV charging readiness. Seller also reports unusually low electric costs for a home of this size. With mature trees, flood irrigation, generous lawns, and close proximity to dining, trails, and premier school options, this home captures the quintessential North Central lifestyle. Walls can be repainted. Floors can be replaced. Flow can be reimagined. But this lot, this position, this provenance, and this sense of arrival cannot be recreated. It is available here, and it is available now.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades 5-8 • 1.3 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,877 | 1,850.5 |
| Lot Size | 16,971 | 7,313 |
| Price | $1.25M | $481.7K |
| Price per sq ft | $434 | $289 |
| Built year | 1959 | 1987 |
| HOA | $0 | $175 |
| Days on market | 31 | 757 |
Jul 26, 2026
$1,250,000
Initial Listing