3012 N 56TH Street, Phoenix, AZ 85018, Phoenix, 85018 - 3 bed, 2 bath
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Phoenix, AZ 85018
This property presents a High-Potential Investment Opportunity with a List Price of $700,000—positioned well below the $780,954 Fair Market Value by 10%. This valuation gap offers $80,954 in Instant Equity for buyers. With a Condition Rating of 6, the 1955 structure requires significant renovation or a full scrape to maximize the 10,990 sqft lot and private pool. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking to capitalize on the high-demand Arcadia-adjacent market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3012 N 56TH Street Subject | $675,000* List Price | 3 | 2 | 1,683 | $435 | - |
A 3718 N 50TH Street Sold | $700,000 | 3 | 2 | 1,410 | $496 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Property is 69 years old (built 1955) with no evidence of renovations. The listing description explicitly suggests to 'scrape it,' and images show boarded windows, a non-functional empty pool, and original 1950s interior finishes, indicating it is being sold primarily for land value.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10990, living area = 1683.
Situated in a desirable pocket just outside Arcadia, this property offers a significant value-add opportunity with neighborhood comps reaching the $1,000,000 mark.
The oversized 10,990 square foot lot provides ample space for redevelopment and features a private pool, all without the restrictions or fees of a homeowners association.
The 1955 structure is positioned as a major renovation or teardown project, requiring substantial additional investment beyond the $700,000 list price.
Located on a frontage road off 56th Street, the property may experience higher noise levels and less privacy than homes situated deeper within the subdivision.
POTENTIAL. This 10,000 square foot lot is on a frontage road off 56th st, with a pool. 1,683 square foot single level home 3 bed/2bath. Scrape it or flip it and sell for $1,000,000! Check the comps in this pocket area just outside Arcadia! NO HOA! Huge lot sides an alley and makes a larger feel.
No exterior & parking available.
Grades PK-5 • 1.3 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,683 | - |
| Lot Size | 10,990 | - |
| Price | $675.0K | $495.4K |
| Price per sq ft | $401 | $290 |
| Built year | 1955 | 0 |
| HOA | $0 | $0 |
| Days on market | 55 | 1260 |
Jun 26, 2026
$675,000
$700,000
-4% Price Drop
Initial Listing
May 28, 2026
$700,000
Initial Listing