301 E Mclellan Boulevard, Phoenix, AZ 85012, Phoenix, 85012 - 3 bed, 3 bath
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Phoenix, AZ 85012
This Prime Residential Redevelopment Lot enters the market at $1,100,000, reflecting a stable valuation relative to its $1,054,037 Fair Market Value. Holding a Condition Rating of 6, the property offers a teardown opportunity centered on an expansive 15,402 SQ FT Corner Lot with an existing patio in the prestigious North Central 'Between the 7's' corridor. This Value-Add site provides access to the Top-Rated Madison School District, including Madison Simis and Madison Meadows. This high-potential asset is a premier choice for Luxury Custom Home Builders or Owner-Occupants seeking a custom build site.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 301 E Mclellan Boulevard Subject | $1,100,000* List Price | 3 | 3 | 2,176 | $484 | - |
A 513 E ROSE Lane Sold | $1,119,500 | 4 | 2 | 2,486 | $450 | 0.4 mi |
B 108 E TUCKEY Lane Sold | $1,070,000 List Price | 3 | 2 | 2,750 | 0.2 mi | |
C 6801 N 2ND Place Sold | $930,000 | 3 | 2 | 2,013 | $462 | 0.3 mi |
D 127 E SAN MIGUEL Avenue Sold | $1,175,000 | 3 | 2 | 2,759 | $426 | 0.9 mi |
E 105 E CLAREMONT Street Active | $1,295,000 List Price | 5 | 3 | 2,984 | $434 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is explicitly marketed as a 'lot to build your dream home,' indicating the 1954 structure is likely at the end of its functional life. The listing focuses on the 15,402 SQ FT corner lot value rather than the interior condition, and the property analysis confirms it likely requires a total teardown for redevelopment.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15402, living area = 2176.
Situated in the highly coveted 'Between the 7's' North Central neighborhood, this property offers prestige and long-term value in one of Phoenix's most desirable residential pockets.
The generous 15,402-square-foot corner lot provides a substantial footprint and excellent curb appeal, making it an ideal canvas for a custom luxury estate.
While the elementary and middle schools are strong, the assigned high school has a significantly lower performance rating, which may be a concern for families with older children.
Marketed as a lot to build a dream home, the current 1954 structure likely requires a total teardown or extensive renovation, necessitating a large capital investment beyond the $1.1M list price.
Between the 7's! Fantastic lot on a prime corner in a highly desirable North Central neighborhood. 15,402 SQ FT Lot to build your dream home!
No exterior & parking available.
Grades PK-4 • 0.8 mi
Grades 5-8 • 0.4 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 2,176 | 2,248 | 50% |
| Lot Size | 15,402 | 9,557 | 84% |
| Price | $1.10M | $332.5K | 71% |
| Price per sq ft | $506 | $131 | 79% |
| Built year | 1954 | 1950 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 2086 | 3% |
Mar 6, 2026
$1,100,000
Initial Listing