
Phoenix, AZ 85013
This property presents a High-Potential Investment Opportunity with a List Price of $405,000, which aligns with the $405,000 Fair Market Value. While the home maintains a Good Condition Rating due to recent kitchen and flooring updates, the original Arizona room and exterior structures offer significant upside for forced appreciation. The 7,000 sqft lot, featuring an RV gate and workshop shed, provides rare flexibility in the Melrose District. This is an ideal acquisition for Buy-and-Hold Investors or DIY Enthusiasts seeking to build equity through strategic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1306 W CLARENDON Avenue Subject | $405,000* List Price | 3 | 1 | 1,116 | $363 | - |
A 1202 W CLARENDON Avenue Sold | $460,000 | 3 | 1 | 1,116 | $412 | 0.1 mi |
B 1008 W AMELIA Avenue Sold | $495,000 | 3 | 2 | 1,185 | $418 | 0.3 mi |
C 1008 W AMELIA Avenue Sold | $495,000 | 3 | 2 | 1,185 | $418 | 0.3 mi |
D 4010 N 11TH Avenue Sold | $384,000 | 2 | 1 | 1,000 | $384 | 0.2 mi |
E 829 W MITCHELL Drive Sold | $405,000 | 3 | 1 | 1,348 | $300 | 0.3 mi |
F 1113 W Glenrosa Avenue Sold | $511,500 | 2 | 2 | 1,339 | $382 | 0.5 mi |
G 1113 W GLENROSA Avenue Sold | $511,500 | 3 | 2 | 1,339 | $382 | 0.5 mi |
H 3343 N 6TH Avenue Sold | $525,000 | 3 | 2 | 1,402 | $374 | 0.6 mi |
I 1216 W CLARENDON Avenue Pending | $399,000 List Price | 3 | 1 | 1,134 | $352 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the home was built in 1946, it features a recently renovated kitchen (likely <5 years) with modern shaker cabinets, stone countertops, and stainless steel appliances. The main living areas have updated flooring and appear move-in ready. The 'Good' rating reflects the contrast between the modern interior updates and the dated Arizona room and exterior structures mentioned as a 'handyman's dream'.
Situated in the heart of the highly sought-after Melrose District, this property offers exceptional proximity to trendy dining, shopping, and entertainment, ensuring strong long-term desirability.
The spacious 7,000 sqft lot includes an RV gate, a dedicated workshop shed, and no HOA restrictions, providing rare flexibility for homeowners with recreational vehicles or DIY hobbies.
As a 1946 build with original character and an Arizona room, this home serves as an ideal canvas for investors or DIY enthusiasts looking to build equity through strategic renovations.
The 3-bedroom floor plan is serviced by only a single bathroom, which is a significant drawback for modern families and may limit the property's competitive edge in the rental or resale market.
With 79 days on the market and five consecutive price reductions, the property carries a market stigma that may lead buyers to question its condition or underlying value.
In the heart of Phoenix, Melrose District. This 3 bedroom, 1 bathroom home offers charm, flexibility, and a spacious lot with no HOA. An original Arizona room creating more space, perfect for relaxing or entertaining.. The large backyard provides endless potential and includes a shed that is perfect for a workshop, storage, or hobby space, making it a handyman or DIY enthusiast's dream. The property also features space for a carport and has a RV gate . Close to popular districts, restaurants, shopping, and entertainment. A property with space, character, and potential in one of Phoenix's most sought-after areas
No exterior & parking available.
Grades PK-8 • 0.1 mi
Grades PK-8 • 0.2 mi
Grades 7-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,116 | - |
| Lot Size | 7,000 | - |
| Price | $405.0K | $495.4K |
| Price per sq ft | $363 | $290 |
| Built year | 1946 | 0 |
| HOA | $0 | $0 |
| Days on market | 93 | 1260 |
Jul 8, 2026
$405,000
$420,000
-4% Price Drop
Initial Listing
Jun 23, 2026
$420,000
$432,000
-3% Price Drop
Initial Listing
May 22, 2026
$432,000
$440,000
-2% Price Drop
Initial Listing
May 4, 2026
$440,000
$449,999
-2% Price Drop
Initial Listing
Apr 21, 2026
$449,999
Initial Listing