12531 W MAUNA LOA Lane, El Mirage, AZ 85335, El Mirage, 85335 - 3 bed, 2 bath
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El Mirage, AZ 85335
This Single Family Residence represents a Strong Value Opportunity, listed at $255,000—positioned well below the $278,935 Fair Market Value by 8%. This valuation gap offers $23,935 in Instant Equity for qualified buyers. With a Fair Condition Rating and a convenient patio, the home is located just 0.28 miles from Surprise Elementary School. Given the strict income-based eligibility and significant down-payment assistance, this property is an ideal acquisition for first-time buyers or budget-conscious families seeking a stable, entry-level home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12531 W MAUNA LOA Lane Subject | $255,000* List Price | 3 | 2 | 1,308 | $213 | - |
A 12821 W VIA CAMILLE Drive Sold | $325,000 | 3 | 2 | 1,308 | $248 | 0.4 mi |
B 12814 W HEARN Road Sold | $325,000 | 3 | 2 | 1,308 | $248 | 0.4 mi |
C 12814 W HEARN Road Sold | $325,000 | 3 | 2 | 1,308 | $248 | 0.4 mi |
D 14001 N 3RD Avenue Sold | $310,000 | 3 | 1 | 1,512 | $205 | 0.7 mi |
E 12136 W CARIBBEAN Lane Sold | $234,000 List Price | 3 | 2 | 1,642 | 0.7 mi | |
F 12482 W SAINT MORITZ Lane Active | $324,990 List Price | 3 | 2 | 1,534 | $212 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003, the home is 23 years old, placing it in the Fair category. While the interior shows updated laminate flooring and is well-maintained, the bathroom cabinetry and fixtures appear original to the build date. At over 20 years old, major systems like the HVAC and roof are likely nearing the end of their functional lifespan and will require updates soon.
The property offers up to $32,000 in down-payment assistance for qualified buyers, providing a rare and substantial financial advantage for first-time homeowners.
Listed at $255,000 for a 3-bedroom, 2-bathroom detached home built in 2003, this property represents a highly affordable entry point into the Arizona housing market.
Located just 0.28 miles from Surprise Elementary School, the home offers excellent convenience for families with school-aged children, minimizing daily commute times.
The sale is strictly limited to first-time homebuyers who meet specific income caps, significantly narrowing the pool of potential buyers and excluding investors.
At 1,308 square feet for a three-bedroom layout, the living spaces and bedrooms may feel compact compared to newer or larger suburban developments.
***QUALIFIED BUYERS MAY RECEIVE UP TO AN ADDITIONAL $32,000 IN DOWN-PAYMENT ASSISTANCE*** incredible home and opportunity is only available to first-time home-buyers (have not owned a home in the last 3 years or ever) who meet income criteria based on household size (less than) 1- $62,850 2 -$71,800 3 - $80,800 4 -$89,750 5 - $96,950 6 - $104,150 7 - $111,300 8 - $118,500
No exterior & parking available.
Grades PK-8 • 0.3 mi
Grades PK-8 • 1.0 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 | 1,308 | - |
| Lot Size | 5,929 | - |
| Price | $255.0K | $325.0K |
| Price per sq ft | $195 | $237 |
| Built year | 2003 | 0 |
| HOA | $110 | $0 |
| Days on market | 7 | 2557 |
Jul 15, 2026
$255,000
Initial Listing