3522 W MERCER Lane, Phoenix, AZ 85029, Phoenix, 85029 - 3 bed, 2 bath
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Phoenix, AZ 85029
This property presents a High-Potential Investment Opportunity with a List Price of $329,900—positioned well below the $323,044 Fair Market Value by -2%. While the home carries a Fair Condition Rating due to dated infrastructure and necessary cosmetic repairs, the 7,224 sqft lot and No HOA Obligations provide significant value-add potential. The layout includes a covered patio and fireplace, offering a functional base for renovation. This asset is ideal for Fix-and-Flip Investors or Contractors seeking a project with immediate upside in the Phoenix market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3522 W MERCER Lane Subject | $329,900* List Price | 3 | 2 | 1,550 | $208 | - |
A 3213 W SAHUARO Drive Sold | $335,000 | 3 | 2 | 1,543 | $217 | 0.4 mi |
B 3212 W SAHUARO Drive Sold | $375,000 | 3 | 2 | 1,641 | $229 | 0.4 mi |
C 4038 W CHOLLA Street Sold | $365,000 | 3 | 2 | 1,586 | $230 | 0.7 mi |
D 3029 W SHAW BUTTE Drive Sold | $346,500 | 3 | 2 | 1,527 | $227 | 1.0 mi |
E 3029 W SHAW BUTTE Drive Sold | $346,500 | 3 | 2 | 1,527 | $227 | 1.0 mi |
F 3926 W sahuaro Drive Sold | $387,000 | 3 | 2 | 1,570 | $246 | 0.5 mi |
G 10801 N 37TH Drive Sold | $400,000 | 4 | 2 | 1,790 | $223 | 0.2 mi |
H 4207 W CHRISTY Drive Sold | $349,950 | 3 | 2 | 1,338 | $262 | 0.8 mi |
I 3724 W BLOOMFIELD Road Pending | $298,080 List Price | 3 | 3 | 1,690 | $176 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1969 and showing significant signs of neglect. While some flooring has been updated, the property features heavily stained carpets, missing baseboards, dated kitchen cabinetry, and popcorn ceilings. The exterior and systems appear aged, indicating the home requires a comprehensive rehab rather than minor updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7224, living area = 1550.
With an association fee of $0, homeowners enjoy greater financial freedom and fewer property restrictions, which is a significant competitive advantage in the Phoenix market.
The 7,224 sqft lot features a spacious backyard with a covered patio and a storage shed, providing ample room for outdoor entertainment, gardening, or future expansions.
Built in 1969, the property likely requires updates to major systems or cosmetic renovations to meet current energy efficiency and contemporary design standards.
While the high school is well-rated at a 7, the local middle school has a lower rating of 4, which may be a concern for education-focused families.
Available 3-bedroom, 2-bath 2- car garage home conveniently located near schools, dining, shopping and entertainment. The living room features an inviting fireplace. The kitchen has white cabinets, a pantry, and built-in appliances. The main bedroom includes a built-in closet with mirrored doors and a private bathroom. The backyard is spacious and offers a covered patio, a storage shed and plenty of space. Roof replaced roughly 7 to 10 years ago; AC replaced roughly 7 to 8 years Come and see!
No exterior & parking available.
Grades PK-6 • 0.8 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,550 | - |
| Lot Size | 7,224 | - |
| Price | $329.9K | $495.4K |
| Price per sq ft | $213 | $290 |
| Built year | 1969 | 0 |
| HOA | $0 | $0 |
| Days on market | 11 | 1260 |
Jul 12, 2026
$329,900
Initial Listing