
Phoenix, AZ 85006
This Brand-New 2025 Construction is a Strong Value Opportunity, listed at $475,000—positioned well below the $503,867 Fair Market Value by 5%. This valuation gap offers $28,867 in Instant Equity for qualified buyers. Featuring a Mint Condition Rating, this energy-efficient home offers modern finishes and a spacious 6,875 sq ft lot with no HOA. Located in the historic Garfield neighborhood, this property is an ideal fit for eligible first-time home buyers or owner-occupants seeking a move-in ready, low-maintenance urban sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1110 E PIERCE Street Subject | $475,000* List Price | 4 | 2 | 1,589 | $305 | - |
A 1150 E POLK Street Sold | $399,000 List Price | 3 | 2 | 1,278 | 0.2 mi | |
B 1430 E DIAMOND Street Sold | $479,900 | 3 | 1 | 1,430 | $336 | 0.5 mi |
C 1335 E MORELAND Street Sold | $386,000 | 2 | 1 | 1,064 | $363 | 0.5 mi |
D 1318 E PALM Lane Sold | $410,000 List Price | 3 | 2 | 1,345 | 1.0 mi | |
E 418 N 14TH Street Sold | $345,000 | 4 | 2 | 1,402 | $246 | 0.4 mi |
F 1210 E GARFIELD Street Active | $475,000 List Price | 4 | 2 | 1,589 | $299 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a brand-new 2025 construction in mint condition. As a new build, it features modern finishes, energy-efficient HVAC and electrical systems, and requires zero maintenance, meeting all criteria for the highest rating.
As a rare 2025 build in a historic area, this energy-efficient home features modern finishes and includes all appliances, offering the benefit of low maintenance and immediate move-in readiness.
Located in the vibrant Garfield neighborhood, the property provides exceptional access to downtown Phoenix, major healthcare facilities, Sky Harbor Airport, and diverse cultural entertainment.
The 6,875 sq ft lot offers significant outdoor space and the financial freedom of no HOA fees, which is a highly desirable feature for new construction in a central urban setting.
Deed restrictions limit the sale exclusively to eligible first-time home buyers for primary residence use, which significantly narrows the pool of potential buyers and excludes investors.
The local public schools assigned to this address currently hold lower ratings (3-4), which may be a drawback for families prioritizing high-performing educational districts.
$20,000 in down payment assistance is available for qualified buyers - use it toward your down payment, closing costs, or to buy down your rate and lower your monthly payment. Income and occupancy guidelines apply. Rare opportunity to own a brand-new home in the historic downtown Phoenix area! Located on an infill lot in the vibrant Garfield neighborhood, this energy-efficient 4-bedroom, 2-bath home offers 1,589 sq ft of modern living space on a 6,875 sq ft lot with no HOA. Designed for comfort, functionality, and long-term savings, the home features modern finishes throughout and includes all appliances, making it truly move-in ready. Qualified buyers may have access to down payment assistance programs, helping make homeownership more attainable. Due to deed restrictions, this property is available exclusively to eligible first-time home buyers who will occupy the home as their primary residence. Enjoy convenient access to Downtown Phoenix, local restaurants, healthcare facilities, major freeways, and Phoenix Sky Harbor International Airport. Residents will appreciate being near entertainment, cultural attractions, sporting venues, and everything central Phoenix has to offer while living in one of the city's most historic and rapidly growing neighborhoods.
No exterior & parking available.
Grades PK-8 • 0.3 mi
Grades PK-8 • 0.8 mi
Grades PK-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,589 | - |
| Lot Size | 6,875 | - |
| Price | $475.0K | $495.4K |
| Price per sq ft | $299 | $290 |
| Built year | 2025 | 0 |
| HOA | $0 | $0 |
| Days on market | 50 | 1260 |
Jun 2, 2026
$475,000
Initial Listing