13438 N 124TH Lane, El Mirage, AZ 85335, El Mirage, 85335 - 4 bed, 2 bath
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This Flexible Single-Family Residence is a High-Potential Investment Opportunity, listed at $494,900—positioned well above the $440,250 Fair Market Value by -12%. While currently priced above market, the property offers significant utility through its Non-HOA status, Gated Pool, and a versatile studio with private entry. With a Condition Rating of 4, the home requires cosmetic updates to reach its full potential. This asset is ideal for Buy-and-Hold Investors seeking rental flexibility or Owner-Occupants looking to house-hack via the studio conversion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13438 N 124TH Lane Subject | $494,900* List Price | 4 | 2 | 2,002 | $220 | - |
A 13726 N 130TH Avenue Sold | $399,000 | 4 | 3 | 2,058 | $194 | 0.6 mi |
B 14114 N 127th Lane Sold | $378,900 | 4 | 3 | 2,178 | $174 | 0.5 mi |
C 14614 N 126TH Avenue Sold | $359,900 | 4 | 2 | 1,722 | $209 | 0.7 mi |
D 12013 W Corrine Drive Sold | $382,000 | 4 | 2 | 1,832 | $209 | 0.7 mi |
E 12626 W SCOTTS Drive Sold | $350,000 | 3 | 2 | 1,374 | $255 | 0.5 mi |
F 12106 W PERSHING Avenue Sold | $372,000 | 3 | 2 | 1,515 | $246 | 0.4 mi |
G 12709 N EL FRIO Street Pending | $350,000 List Price | 4 | 2 | 1,832 | $191 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2002, the property is 24 years old. Based on the age and lack of mentioned renovations to the kitchen, bathrooms, or major systems, the home is considered dated and likely requires minor repairs or cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10728, living area = 2002.
The downstairs studio with a private entrance offers excellent potential for multi-generational living or rental income, with the versatility to be converted back into a fifth bedroom.
Situated on a generous 10,728 sqft lot, the property features a gated pool, two outdoor showers, and ample storage, providing a premium outdoor experience.
The closest assigned schools have lower performance ratings, which may be a drawback for families prioritizing high-ranking educational environments.
With all four primary bedrooms located on the upper level, the current layout may lack the convenience of a traditional ground-floor master suite for some buyers.
Tucked away in a non-HOA neighborhood of El Mirage, this home offers 4 bedrooms upstairs, one leading to the balcony, a flexible studio space downstairs with its own private entry. Ideal for guest or extended family or maybe as a rental. Step out to the big backyard with gated pool, extra storage and 2 outdoor showers. Plenty of parking, close to schools and convenient to everything. It's easy to picture everyday life falling into place here. Studio can easily be reversed back into the master bedroom. Which would put it back to its original 5 bedrooms.
No exterior & parking available.
Grades PK-8 • 0.2 mi
Grades PK-8 • 1.4 mi
Grades PK-8 • 4.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,002 | - |
| Lot Size | 10,728 | - |
| Price | $494.9K | $325.0K |
| Price per sq ft | $247 | $237 |
| Built year | 2002 | 0 |
| HOA | $0 | $0 |
| Days on market | 3 | 2557 |
Jul 19, 2026
$494,900
Initial Listing