11505 N 123RD Lane, El Mirage, AZ 85335, El Mirage, 85335 - 4 bed, 3 bath
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El Mirage, AZ 85335
This Upgraded Turnkey Residence is a Strong Value Opportunity, listed at $525,000—positioned well below the $561,236 Fair Market Value by 6%. This valuation gap provides $36,236 in Instant Equity for the buyer. Boasting a Condition Rating of 3, the home features a Granite Kitchen, a Pebble Tec Pool with a waterfall, and rare RV Parking on an oversized lot. With a New Roof (2020) and New A/C (2022), the property ensures mechanical stability near Dysart High School. This is an ideal acquisition for Owner-Occupants seeking a lifestyle upgrade or Buy-and-Hold Investors targeting a low-maintenance asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11505 N 123RD Lane Subject | $525,000* List Price | 4 | 3 | 1,961 | $286 | - |
A 12622 W CAMERON Drive Sold | $433,000 | 3 | 3 | 1,723 | $251 | 0.4 mi |
B 12930 N PALM Street Active | $414,900 List Price | 4 | 2 | 1,832 | $226 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has been exceptionally well-maintained with significant recent capital improvements. Major systems are well within their lifespans, including a new roof (2020), A/C (2022), and water heater (2022). The interior features a modern aesthetic with an updated kitchen (granite countertops, stainless appliances), fresh paint, and new flooring/carpeting, effectively offsetting the 2002 build year.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11999, living area = 1961.
The property features significant recent capital improvements, including a new roof (2020), A/C system (2022), and water heater (2022), minimizing immediate maintenance costs for the buyer.
Situated on an oversized lot, the backyard offers a high-end Pebble Tec pool with a waterfall and rare RV parking with a dedicated gate and concrete slab.
The local elementary school carries a lower rating of 4/10, which may be a deterrent for families specifically seeking high-performing educational zones.
The multi-level configuration with bedrooms located upstairs may limit appeal for buyers prioritizing accessibility or those specifically seeking single-story living.
Beautifully upgraded 4 bed, 2.5 bath home offering 1,961 sq ft on an oversized lot with rare RV parking and RV gate. Expansive concrete slab provides space for RV, boat, or extra vehicles. Backyard retreat features a sparkling Pebble Tec pool with waterfall and full-length covered patio perfect for entertaining. Fresh interior paint, updated kitchen with granite countertops, and new carpet and flooring upstairs. Major upgrades include roof (2020), exterior paint (2021), new A/C (2022), garage opener (2022), and water heater (2022). Homes like this won't last long!
No exterior & parking available.
Grades PK-8 • 0.8 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 68% |
| Square foot | 1,961 | 1,615 | 74% |
| Lot Size | 11,999 | 5,481 | 95% |
| Price | $525.0K | $330.0K | 99% |
| Price per sq ft | $268 | $208 | 86% |
| Built year | 2002 | 2002 | 50% |
| HOA | $130 | $73 | 96% |
| Days on market | 27 | 2445 | 1% |
Mar 26, 2026
$525,000
Initial Listing