12808 S 38TH Street, Phoenix, AZ 85044, Phoenix, 85044 - 3 bed, 2 bath
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Phoenix, AZ 85044
This Spacious Custom Residence represents a High-Potential Investment Opportunity, listed at $799,000—positioned well above the $706,642 Fair Market Value by 13%. While the property requires cosmetic updates to its Condition Rating of 4, it offers significant upside through its Prestigious Ahwatukee Location, Mountain Views, and a versatile 2,791 sqft layout. Proximity to top-rated schools like Kyrene de la Colina makes this a compelling project for Value-Add Investors or Owner-Occupants seeking to build equity through strategic renovation in a prime community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12808 S 38TH Street Subject | $755,000* List Price | 3 | 2 | 2,791 | $252 | - |
A 3834 E GOLDFINCH GATE Lane Sold | $565,000 | 4 | 2 | 2,232 | $253 | 0.2 mi |
B 13221 S 35TH Court Sold | $615,000 List Price | 4 | 2 | 2,336 | 0.4 mi | |
C 3914 E CHEROKEE Street Sold | $580,000 | 3 | 2 | 2,452 | $237 | 0.2 mi |
D 3711 E GOLDFINCH GATE Lane Sold | $615,000 | 3 | 2 | 2,100 | $293 | 0.3 mi |
E 3711 E GOLDFINCH GATE Lane Sold | $615,000 | 3 | 2 | 2,100 | $293 | 0.3 mi |
F 4026 E SUMMERHAVEN Drive Sold | $670,000 | 4 | 3 | 2,298 | $292 | 0.4 mi |
G 4026 E SUMMERHAVEN Drive Sold | $670,000 | 4 | 3 | 2,298 | $292 | 0.4 mi |
H 13014 S 40TH Place Sold | $545,000 | 3 | 2 | 2,041 | $267 | 0.3 mi |
I 13253 S 35TH Court Pending | $600,000 List Price | 4 | 2 | 2,226 | $270 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, this property is nearly 40 years old and remains largely dated despite some maintenance. While the roof is newer and kitchen counters were refreshed, the bathrooms feature original oak cabinetry and gold-tone fixtures, and the living areas contain dated blue carpeting. It is functional and well-maintained but requires significant cosmetic updates to meet modern standards.
Situated in the highly sought-after Ahwatukee Custom Estates, this property offers desirable mountain views and excellent proximity to top-rated schools, golf courses, and hiking trails.
The 2,791 sqft layout features dramatic high ceilings, a versatile loft, and a dedicated media/game room, providing a unique and airy feel that balances everyday comfort with entertaining needs.
Recent updates including a newer roof and refreshed kitchen countertops enhance the home's livability and reduce immediate maintenance costs for the next owner.
The property has been on the market for 115 days and has undergone multiple price reductions, which may indicate initial overpricing or a lack of buyer urgency in the current market.
At nearly 2,800 square feet, the three-bedroom configuration may be a drawback for larger families who typically expect more sleeping quarters in a home of this size.
Nestled in prestigious Ahwatukee Custom Estates, this unique custom home offers character, spacious living, and timeless appeal in one of Phoenix's most desirable communities. Mature landscaping and winding streets create a welcoming retreat near top schools, golf, trails, and Valley amenities. Dramatic high ceilings give the main living areas an airy, open feel with abundant natural light. The layout balances everyday comfort and entertaining. Upstairs features a private primary suite with generous space, a versatile loft for a nook or office, and a dedicated media/game room ideal for movies or gatherings. Updates include a newer roof, refreshed kitchen countertops, and other enhancements that boost livability while preserving the home's distinctive custom design.
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades PK-5 • 0.7 mi
Grades PK-5 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,791 | - |
| Lot Size | 11,005 | - |
| Price | $755.0K | $495.4K |
| Price per sq ft | $271 | $290 |
| Built year | 1987 | 0 |
| HOA | $130 | $0 |
| Days on market | 153 | 1260 |
Jun 20, 2026
$755,000
$799,000
-6% Price Drop
Initial Listing
May 9, 2026
$799,000
$811,000
-1% Price Drop
Initial Listing
Apr 15, 2026
$811,000
$821,000
-1% Price Drop
Initial Listing
Feb 19, 2026
$821,000
Initial Listing