323 E ROSE Lane, Phoenix, AZ 85012, Phoenix, 85012 - 5 bed, 3 bath
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Phoenix, AZ 85012
This Premium Location Value-Add Asset is listed at $1,400,000, positioned above the $1,116,993 Fair Market Value. Located in the prestigious 85012 zip code near the Murphy Bridle Path, the property’s value is driven by its massive 17,448 sq. ft. lot, private pool, and critical infrastructure updates like new copper plumbing. Holding a Condition Rating of 5, the 1956 residence requires substantial rehabilitation to meet modern luxury standards. Proximity to top-rated Madison schools ensures long-term desirability. This is a high-upside acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 323 E ROSE Lane Subject | $1,400,000* List Price | 5 | 3 | 2,735 | $408 | - |
A 513 E ROSE Lane Sold | $1,119,500 | 4 | 2 | 2,486 | $450 | 0.1 mi |
B 105 E CLAREMONT Street Active | $1,295,000 List Price | 5 | 3 | 2,984 | $434 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1956, the property requires substantial rehabilitation to meet modern living standards. While the listing mentions some infrastructure updates like copper plumbing, the visual evidence shows a very outdated bathroom, a neglected pool, and unmaintained landscaping. The interior features vintage lath and plaster walls and dated fixtures, suggesting the home has not undergone a major renovation in several decades.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17448, living area = 2735.
Situated in the prestigious 85012 zip code near the Murphy Bridle Path, this property offers exceptional central access to Scottsdale, Paradise Valley, and Sky Harbor Airport.
The oversized 17,448 sq. ft. lot features a secure grass backyard, private pool, and SRP irrigation, providing a rare and spacious oasis in a high-density urban corridor.
While the elementary and middle schools are well-rated, the assigned high school has a rating of 3, which may impact long-term resale value for education-focused families.
Built in 1956 with lath and plaster walls, the property may require significant cosmetic modernization to align with the contemporary luxury standards expected at the $1.4M price point.
North Central Corridor Murphy Bridle Path Walking and Running , 5 Star Zip Code, 2,739 Sq Ft. Lot Size 17,448 Sq Ft. ''Location Location Location'' 15-20 min to PV, Sctsd, Sky Harbor, 5 BdRm 3 Bath, Large Brick Home, Solid Roof, Very Nice Large Secure Grass Backyard Your Dog Babies will love this backyard and they'll be very safe. If they like water they can swim with you in the pool , 5 Bedroom, 3 Bathrooms, 2 Bedrooms are Master Bedrooms with Private Bathroom, Large Parking Driveway, Parking for 10 Cars, SRP Irrigation. Quiet Home, Walls Lath & Plaster, New (L) Copper Plumbing. Outside Underground 2 New Main Drain Lines installed 200 ft of ABS40 with 6 Clean outs, Living in this Home you'll quickly discover how very comfortable Living Here is.. This House is very quiet from outside street noise. Living here you can connect with the neighbors via neighbors only email -0- crime everyone is communicating. Churches and Schools are all very close.
No exterior & parking available.
Grades PK-4 • 1.1 mi
Grades 5-8 • 0.6 mi
Grades 9-12 • 1.7 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 | 2,735 | 2,403 | 61% |
| Lot Size | 17,448 | 9,557 | 92% |
| Price | $1.40M | $332.5K | 95% |
| Price per sq ft | $512 | $131 | 79% |
| Built year | 1956 | 1950 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 2085 | 3% |
Apr 8, 2026
$1,400,000
Initial Listing