35011 N 3RD Street, Phoenix, AZ 85086, Phoenix, 85086 - 3 bed, 2 bath
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Phoenix, AZ 85086
This Prime Equestrian Value-Add Estate is listed at $650,000, positioned near its $611,690 Fair Market Value. The asset features a Condition Rating of 4, necessitating a modernization plan to maximize residential utility. However, the valuation is supported by the 2-Acre Flat Usable Lot and specialized Equestrian Infrastructure, including a 4-stall mare motel, riding arena, and tack barn. With unobstructed Mountain Range Views, no washes, and No HOA fees, the property offers significant redevelopment potential. This high-utility acquisition is ideal for Equestrian Enthusiasts or Custom Home Builders seeking land-heavy assets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 35011 N 3RD Street Subject | $650,000* List Price | 3 | 2 | 1,736 | $352 | - |
A 35426 N 14TH Street Sold | $590,000 | 3 | 2 | 1,402 | $421 | 1.0 mi |
B 1032 E CLOUD Road Sold | $649,000 | 3 | 2 | 1,835 | $354 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983, the home is functional but shows significant signs of age and requires modernization. The kitchen features dated dark wood cabinetry, a fluorescent light box ceiling, and laminate countertops, though it does include a newer stainless steel refrigerator. While the bathroom has received some updates like a stone vanity top and tiled shower, the overall aesthetic remains dated. The listing description further supports this assessment by highlighting the property as an opportunity to 'enhance existing improvements' or 'build a custom home,' suggesting the value lies primarily in the 2-acre equestrian lot rather than the current condition of the residence.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 86942, living area = 1736.
The property is a turnkey horse facility featuring a 4-stall mare motel, riding arena, 20x60 turnout pen, and dedicated tack and feed storage, catering perfectly to equestrian enthusiasts.
Spanning 2 acres of flat, usable land with no washes, the lot provides a rare and versatile canvas for expansion, custom development, or additional outbuildings in a prime location.
Built in 1983, the existing 1,736 sqft home likely requires significant modernization or renovation to meet the aesthetic and functional standards of contemporary buyers.
The property is positioned as an opportunity to 'build a custom home,' suggesting that the current residence may not be the primary value driver and could necessitate a large investment for redevelopment.
Prime Desert Hills 2-acre horse property with flat, usable land, quality dirt work, and no washes. Convenient access to Carefree Hwy and I-17. Equestrian setup includes a 20x60 turnout pen, 4-stall mare motel with favorable exposure, riding arena, 3-stall port-a-stall, tack and feed barn, plus multiple outbuildings. Additional features include a two-car Tuff Shed and wash station with hot water. Property currently accommodates a variety of animals and offers flexibility for updates or future plans. Ideal opportunity to enhance existing improvements or build a custom home in a highly accessible location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 47% |
| Square foot | 1,736 | 2,199 | 21% |
| Lot Size | 86,942 | 7,800 | 98% |
| Price | $650.0K | $460.0K | 74% |
| Price per sq ft | $374 | $239 | 93% |
| Built year | 1983 | 2003 | 0% |
| HOA | $0 | $288 | 21% |
| Days on market | 13 | 1741 | 0% |
Apr 9, 2026
$650,000
Initial Listing