11889 N 113TH Place, Scottsdale, AZ 85259, Scottsdale, 85259 - 5 bed, 3 bath
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Scottsdale, AZ 85259
This Turnkey 1031 Investment Asset is listed at $1,080,000, positioned as a stabilized income-producing property relative to its $995,573 Fair Market Value. The residence holds an Excellent Condition Rating following a $200,000 full renovation completed in 2025, featuring contemporary finishes, wood-look flooring, and updated cabinetry. A secured two-year lease through June 2027 provides guaranteed cash flow within the prestigious Anasazi Elementary (9/10) and Mountainside Middle (8/10) boundaries. Featuring mountain views and a private pool, this is a sophisticated acquisition for 1031 Exchange Investors or Buy-and-Hold Strategists seeking a premium, low-maintenance Scottsdale portfolio piece.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11889 N 113TH Place Subject | $1,050,000* List Price | 5 | 3 | 2,615 | $380 | - |
A 11884 N 112TH Way Active | $799,995 List Price | 3 | 3 | 2,298 | $348 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive $200k full renovation completed in June 2025, featuring all-new wood-look flooring, modern kitchen and bathroom cabinetry, and updated showers. The interior is in mint, 'never used' condition with a contemporary aesthetic, meeting the criteria for a renovation less than 5 years old.
Elementary School: Anasazi Elementary School (9/10).
The property underwent a $200,000 full update in June 2025, featuring modern wood-look flooring and brand-new kitchen and bathroom cabinetry, offering a turnkey contemporary aesthetic.
With a two-year lease secured until June 2027, this property provides immediate cash flow and serves as an ideal 1031 exchange opportunity for investors.
As a zero lot line property on a relatively small 5,268 sqft lot, outdoor space and privacy between neighboring structures may be more limited than traditional detached residences.
The existing lease agreement through mid-2027 prevents immediate owner-occupancy, restricting the buyer pool to investors rather than primary residence seekers.
FULL UPDATE! June 2025 Almost $200k .HAVE A 2 YEAR LEASE IN PLACE TILL 6-2027 GREAT 1031 INVESTMENT all new wood look floors New kitchen-baths cabinets (never used) All new showers just done! House has a contemporary feel Very Light bright-every room looks out to pool patio area-on dead end street-no power poles or traffic issues. minutes to 101-Cactus-all schools with in 5 minutes-Scottsdale A+ schools - Basis private. Great neighborhood - This is a single family home on zero lot line. has firewall running through each unit with 1 ft airspace between houses. no attached walls! GREAT LOCATION-(CACTUS-FLW BLVD) LOFT/ 5TH BEDRM CAN BE DONE IN 1 WEEK IF NEEDED HAVE 2 YEAR LEASE IN PLACE TILL JUNE 2027 GREAT CASH FLOW-GOOD 1031 INVESTMENT! BLESSINGS BRENT
No exterior & parking available.
Grades PK-5 • 1.3 mi
Grades 6-8 • 1.7 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 76% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,615 | 3,098 | 30% |
| Lot Size | 5,268 | 11,826 | 5% |
| Price | $1.05M | $830.0K | 59% |
| Price per sq ft | $402 | $370 | 60% |
| Built year | 1988 | 1994 | 25% |
| HOA | $154 | $193 | 40% |
| Days on market | 409 | 2321 | 13% |
May 5, 2026
$1,050,000
$1,080,000
-3% Price Drop
Initial Listing
May 2, 2025
$1,080,000
Initial Listing
Aug 11, 1999
$196,000
Public Record