320 E MARYLAND Avenue, Phoenix, AZ 85012, Phoenix, 85012 - 5 bed, 3 bath
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Phoenix, AZ 85012
This Spacious North Central Residence is a High-Potential Investment Opportunity, listed at $1,300,000—positioned well below the $1,476,224 Fair Market Value by 11%. This valuation gap offers $176,224 in Instant Equity for buyers. While the property holds a Functional Condition Rating with original 1998 finishes, the soaring 12-foot ceilings and resort-style backyard featuring a pool and sport court provide massive upside for forced appreciation through cosmetic updates. Located in the sought-after Madison School District, it perfectly suits Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 320 E MARYLAND Avenue Subject | $1,300,000* List Price | 5 | 3 | 3,422 | $431 | - |
A 513 E ROSE Lane Sold | $1,119,500 | 4 | 2 | 2,486 | $450 | 0.3 mi |
B 108 E TUCKEY Lane Sold | $1,070,000 List Price | 3 | 2 | 2,750 | 0.2 mi | |
C 6853 N CENTRAL Avenue Active | $1,500,000 List Price | 4 | 5 | 3,588 | $418 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998, this property is well-maintained but shows clear signs of its age with mostly original finishes. The kitchen features dated oak cabinetry and older granite, while the bathrooms retain original vanities and 'Hollywood' style light bars. Although move-in ready and functional, the home lacks the recent comprehensive renovations required for a higher score, fitting the criteria for a property built over 20 years ago with primarily original components.
The oversized 12,800 SF lot is a true private retreat, featuring a heated PebbleTec pool and spa alongside a dedicated sport court with a full basketball hoop.
With soaring 12-foot ceilings and over 3,400 SF of living space, the home offers an expansive and airy atmosphere that enhances the luxury feel of the five-bedroom layout.
Situated in a highly coveted Phoenix neighborhood with no HOA, the property provides access to top-rated Madison schools and the convenience of a three-car garage.
While the elementary and middle schools are highly rated at 7/10, the assigned high school has a significantly lower rating of 3/10, which may be a concern for families with older children.
Built in 1998, the home may require cosmetic updates to its finishes and fixtures to compete with the modern luxury standards expected at the $1.3M price point.
North Central Phoenix living at its best in this spacious 5-bedroom, 3-bath home on a 12,800 SF lot. With over 3,400 SF, this home features soaring 12-foot ceilings, expansive living areas, and a gourmet kitchen with granite countertops, stainless steel appliances, and a layout ideal for entertaining. The backyard is designed for both play and relaxation with a sport court and full basketball hoop, heated PebbleTec pool and spa, and plenty of yard space to enjoy. Additional highlights include a cozy gas fireplace and a 3-car garage. A rare opportunity in a highly desirable location.
No exterior & parking available.
Grades PK-4 • 0.9 mi
Grades 5-8 • 0.5 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 95% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 3,422 | 2,403 | 87% |
| Lot Size | 12,806 | 9,557 | 63% |
| Price | $1.30M | $332.5K | 87% |
| Price per sq ft | $380 | $131 | 58% |
| Built year | 1998 | 1950 | 84% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 2086 | 3% |
Mar 6, 2026
$1,300,000
Initial Listing