12238 W LARKSPUR Road, El Mirage, AZ 85335, El Mirage, 85335 - 3 bed, 2 bath
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El Mirage, AZ 85335
This property presents a High-Potential Investment Opportunity with a List Price of $299,000—positioned well below the $301,358 Fair Market Value by 0.78%. This valuation gap offers $2,358 in Instant Equity. Featuring an open-concept layout and a covered patio, the home maintains a Condition Rating of 4, requiring cosmetic updates to maximize value. While local school ratings are modest, the low HOA fee and functional floor plan provide a stable foundation. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry point.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12238 W LARKSPUR Road Subject | $299,000* List Price | 3 | 2 | 1,238 | $243 | - |
A 11838 W PARADISE Drive Sold | $246,000 | 3 | 2 | 1,238 | $199 | 0.5 mi |
B 11921 W BLOOMFIELD Road Sold | $330,000 | 3 | 2 | 1,238 | $267 | 0.4 mi |
C 12402 W FLORES Drive Sold | $339,000 | 3 | 2 | 1,229 | $276 | 0.2 mi |
D 11945 W CORRINE Drive Sold | $258,500 | 3 | 2 | 1,089 | $237 | 0.4 mi |
E 11932 W COLUMBINE Drive Sold | $325,000 | 3 | 2 | 1,238 | $263 | 0.4 mi |
F 12141 W CORRINE Drive Sold | $315,000 | 3 | 2 | 1,090 | $289 | 0.2 mi |
G 12216 W WINDROSE Drive Pending | $318,000 List Price | 3 | 2 | 1,238 | $257 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, the property is over 20 years old and retains most of its original finishes. While the wood flooring is a plus, the bathroom shows significant dating with original cabinetry and a yellowed tub surround. The backyard is currently unfinished dirt, and the overall interior requires cosmetic updates and minor maintenance to address its age.
The home features an open-concept layout with soaring vaulted ceilings and wood flooring throughout, providing a spacious and contemporary feel that exceeds typical expectations for its build year.
The property includes a large backyard with a covered sitting area, offering a functional and private outdoor retreat perfect for entertaining and BBQs.
Priced competitively under $300,000 with a very low monthly HOA fee of $44, this residence represents a high-value entry point for first-time homeowners or investors.
The local elementary and middle schools carry lower performance ratings (3/10 and 4/10), which may be a significant drawback for families prioritizing top-tier educational districts.
With only 1,238 square feet of living space, the three-bedroom configuration may feel restrictive for larger families or those requiring substantial indoor storage.
Step into an open-concept layout with soaring vaulted ceilings and beautiful wood floors throughout. The generous kitchen features a center island that's perfect for hosting friends and family. Located just a short distance from schools, shopping, and all the everyday conveniences you need. The primary bathroom offers plenty of under-sink storage to keep your essentials neatly organized. Relax and unwind in the large backyard, complete with a covered sitting area--ideal for firing up the BBQ.
No exterior & parking available.
Grades PK-8 • 0.7 mi
Grades PK-8 • 0.7 mi
Grades PK-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,238 | 1,534 | 31% |
| Lot Size | 5,075 | 5,335 | 22% |
| Price | $299.0K | $325.0K | 38% |
| Price per sq ft | $242 | $211 | 64% |
| Built year | 1999 | 2001 | 11% |
| HOA | $44 | $73 | 27% |
| Days on market | 27 | 2648 | 2% |
May 18, 2026
$299,000
Initial Listing