12209 W DESERT Lane, El Mirage, AZ 85335, El Mirage, 85335 - 5 bed, 4 bath
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El Mirage, AZ 85335
This Multigenerational Residential Property is a Strong Value Opportunity, listed at $450,000, which aligns perfectly with its $450,000 Fair Market Value. Featuring an Excellent Condition Rating with over $44,000 in recent upgrades, including a new HVAC and flooring, this home offers immediate stability. The unique "NextGen" layout provides a private living space for extended family or rental income potential. With no rear neighbors and a view-fence lot, it offers a quiet lifestyle. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12209 W DESERT Lane Subject | $450,000* List Price | 5 | 4 | 2,265 | $199 | - |
A 12105 W OCOTILLO Lane Sold | $387,000 | 3 | 2 | 1,680 | $230 | 0.1 mi |
B 11737 W MAUNA LOA Lane Sold | $350,000 | 4 | 3 | 1,978 | $177 | 0.7 mi |
C 14700 N EL FRIO Street Sold | $365,000 | 4 | 2 | 1,609 | $227 | 0.6 mi |
D 15305 N PABLO Court Sold | $330,000 List Price | 4 | 2 | 1,806 | 0.6 mi | |
E 12538 W HEARN Road Sold | $540,000 List Price | 5 | 4 | 3,086 | 0.8 mi | |
F 11744 W MAUI Lane Active | $454,000 List Price | 5 | 3 | 2,556 | $178 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2014, this property meets the 'Excellent' criteria due to its age and significant recent capital improvements, including a brand new $16K HVAC system, $22K in new carpeting, and $6K in fresh paint. The interior and exterior appear in mint condition with modern systems and no deferred maintenance.
The unique 'NextGen' layout functions as two homes in one, featuring separate entrances, a kitchenette, and dedicated laundry, making it ideal for extended families or potential rental income.
The property boasts over $44,000 in recent capital improvements, including a new $16k HVAC system, $22k in new carpeting, and $6k in fresh paint, significantly reducing immediate maintenance costs for the buyer.
Situated with a desirable North/South exposure and no rear neighbors, the home offers enhanced privacy and better energy efficiency within the Arizona climate.
With over 700 days on the market, the property may face a 'stale listing' perception, which can lead to buyer hesitation or concerns regarding its market value relative to the asking price.
The assigned elementary and middle schools carry lower performance ratings (3/10), which may limit the property's appeal to families prioritizing high-ranking educational districts.
It's like BUYING 2 HOMES for 1 PRICE. This newer 'Multigenerational' HOME is in walking distance to a community POOL, playground, parks, jogging path & pet area. NEW $6K PAINT, NEW $22K CARPET & NEW $16K HVAC. The MAIN HOME has 3 BEDS/ 2.5 BATHS/ LIVING AREA/ FULL SIZE KITCHEN w/ islander & large walk-in pantry/ LAUNDRY ROOM. The NEXTGEN HOME has a large living area that can be 2 BEDS/ 1 BATH/ KITCHENETTE/ LAUNDRY ROOM. Both homes have separate walkway to its own front door w/ keyless entry, separate side gate to the backyard & separate door to the garage. There is a shared door between both homes for privacy. There is NO backyard neighbor. North/ South facing. Ceiling fans. Recessed lights. Dual flush toilets. Large walk-in closets. Covered porch. Fenced backyard for open view of the sun
No exterior & parking available.
Grades PK-8 • 0.7 mi
Grades 9-12 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 4.0 | 2.0 | 96% |
| Square foot | 2,265 | 1,642 | 92% |
| Lot Size | 5,500 | 5,366.5 | 54% |
| Price | $450.0K | $325.0K | 96% |
| Price per sq ft | $199 | $199 | 50% |
| Built year | 2014 | 2001 | 94% |
| HOA | $69 | $73 | 48% |
| Days on market | 746 | 2657 | 21% |
May 21, 2024
$450,000
Initial Listing