1229 E MERCER Lane, Phoenix, AZ 85020, Phoenix, 85020 - 3 bed, 2 bath
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Phoenix, AZ 85020
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $385,000—positioned well below the $395,934 Fair Market Value by 2%. This valuation gap offers $10,934 in Instant Equity. Featuring a Condition Rating of 3, the home includes an Upgraded Granite Kitchen and stunning Mountain Views. While school ratings are moderate, the lack of HOA fees enhances long-term affordability. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home with immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1229 E MERCER Lane Subject | $385,000* List Price | 3 | 2 | 1,556 | $254 | - |
A 1229 E YUCCA Street Sold | $450,000 | 2 | 2 | 1,590 | $283 | 0.2 mi |
B 1229 E YUCCA Street Sold | $450,000 | 2 | 2 | 1,590 | $283 | 0.2 mi |
C 1346 E Shangri La Road Sold | $419,500 List Price | 3 | 2 | 1,545 | 0.3 mi | |
D 1502 E HATCHER Road Sold | $335,000 | 3 | 2 | 1,633 | $205 | 1.0 mi |
E 1229 E YUCCA Street Sold | $450,000 | 2 | 2 | 1,590 | $283 | 0.2 mi |
F 1514 E TURQUOISE Avenue Sold | $388,851 | 4 | 2 | 1,750 | $222 | 0.7 mi |
G 1517 E Carol Avenue Sold | $375,000 | 3 | 2 | 1,608 | $233 | 0.9 mi |
H 10006 N 7th Place Sold | $450,000 | 4 | 2 | 1,902 | $237 | 0.7 mi |
I 11016 N 15TH Street Active | $395,000 List Price | 3 | 2 | 1,481 | $267 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1962, the property has undergone significant updates, particularly in the kitchen which features granite countertops, a gas range, and stainless steel double ovens consistent with a 5-15 year old renovation. The interior shows well-maintained tile flooring and functional living spaces, making it move-in ready.
The property features stunning mountain views, providing a picturesque backdrop that significantly enhances the home's aesthetic appeal and market value.
The kitchen is well-equipped with a gas range, multiple ovens, and granite countertops, offering a modern and functional space for culinary enthusiasts.
With an association fee of zero, homeowners enjoy greater financial flexibility and freedom from the restrictive regulations often found in managed communities.
The assigned public schools have ratings ranging from 3 to 5, which may be a concern for families prioritizing high-performing educational districts.
Built in 1962, the home may require more frequent maintenance or updates to its older structural and mechanical systems compared to newer constructions.
Nestled in a quiet Phoenix neighborhood with stunning mountain views, this home features custom touches throughout and a layout designed for comfort and entertaining. The spacious primary suite offers a private exit to the backyard retreat, where you'll find a unique outdoor shower for added privacy and relaxation. The kitchen is equipped with a gas range, multiple ovens, and granite countertops, making it ideal for cooking and gathering alike.
No exterior & parking available.
Grades PK-6 • 1.9 mi
Grades 6-8 • 1.9 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,556 | - |
| Lot Size | 6,329 | - |
| Price | $385.0K | $495.4K |
| Price per sq ft | $247 | $290 |
| Built year | 1962 | 0 |
| HOA | $0 | $0 |
| Days on market | 57 | 1260 |
May 26, 2026
$385,000
Initial Listing