12516 W SAINT MORITZ Lane, El Mirage, AZ 85335, El Mirage, 85335 - 3 bed, 2 bath
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El Mirage, AZ 85335
This property presents a Prime Investment Opportunity with a List Price of $350,999—positioned well below the $367,216 Fair Market Value by 4%. This valuation gap offers $16,217 in Instant Equity. Featuring a Mint Condition Rating due to 2021 renovations, this 4-bedroom home includes a private patio and a stable lease through April 2027. With its turnkey status and consistent cash flow, this is an ideal acquisition for Buy-and-Hold Investors rather than Owner-Occupants seeking immediate move-in.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12516 W SAINT MORITZ Lane Subject | $350,999* List Price | 3 | 2 | 1,534 | $239 | - |
A 12814 W HEARN Road Sold | $325,000 | 3 | 2 | 1,308 | $248 | 0.3 mi |
B 12814 W HEARN Road Sold | $325,000 | 3 | 2 | 1,308 | $248 | 0.3 mi |
C 12105 W OCOTILLO Lane Sold | $387,000 | 3 | 2 | 1,680 | $230 | 0.8 mi |
D 12702 W VIA CAMILLE Drive Active | $378,999 List Price | 4 | 2 | 1,530 | $248 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2004, the property underwent a comprehensive interior renovation in 2021 (within the last 5 years). Updates include new flooring, fresh paint, upgraded baseboards, and modern fixtures throughout, meeting the criteria for mint condition and recent renovation.
The property is tenant-occupied with a long-term lease in place until April 2027, providing immediate and stable cash flow for investors seeking a hands-off addition to their portfolio.
Extensively updated in 2021 with new flooring, fresh interior paint, upgraded baseboards, and modern light fixtures, ensuring a contemporary aesthetic and reduced maintenance needs.
The 1,534 sq ft single-story floor plan features a bright, open-concept design and four bedrooms, maximizing space and appeal for modern family living.
Due to the existing lease agreement through 2027, the property is not suitable for owner-occupants looking for a primary residence in the near future.
The assigned schools carry mid-range ratings (3 to 5), which may be a consideration for families prioritizing top-tier educational districts and could impact long-term appreciation.
Looking for a tenant-occupied property for your investment portfolio? Tenants are in place until April 2027. Fall in love with this beautiful 1-story, 4-bedroom, 2-bathroom home boasting a bright, open-concept floor plan designed for modern living. Every inch of this 1,534 sq ft residence has been thoughtfully updated, offering the perfect blend of style, comfort, and peace of mind. Updates done in 2021 - freshly painted interior, new flooring throughout, upgraded baseboards, and modern light fixtures and ceiling fans in every room.
No exterior & parking available.
Grades PK-8 • 0.4 mi
Grades PK-8 • 0.9 mi
Grades 9-12 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,534 | - |
| Lot Size | 5,211 | - |
| Price | $351.0K | $325.0K |
| Price per sq ft | $229 | $237 |
| Built year | 2004 | 0 |
| HOA | $110 | $0 |
| Days on market | 26 | 2557 |
Jun 26, 2026
$350,999
Initial Listing