
Phoenix, AZ 85086
Analysis of 35225 N 3RD Street, Phoenix, AZ 85086 is currently available with a list price of $1,850,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property was built in 1990, placing it within the 25-40 year age bracket typical of the 'fair' condition category. While the equestrian facilities are described as well-maintained and operational, the residential structures appear to be original or have older updates. The primary residence features a dated 3-bedroom, 1-bathroom layout, which lacks the modern bathroom-to-bedroom ratios expected in newer or fully renovated homes. Exterior images show functional but aged siding and roof-mounted HVAC units consistent with a property that has undergone regular upkeep but no major recent aesthetic or structural renovations.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 187744, living area = 3857.
The property is a premier horse facility featuring a 20-stall mare motel, a show barn with tack rooms, a 96' x 200' arena, and a round pen, making it ready for immediate professional or private use.
With two separate homes and a detached casita, the estate offers exceptional flexibility for multi-generational living, staff housing, or potential rental income streams.
The primary residences, built in 1990, include older configurations such as a 3-bedroom home with only one bathroom, which may require modernization to meet current luxury standards.
Reliance on a private water company and the presence of an inactive private well may necessitate additional due diligence and ongoing maintenance compared to standard municipal services.
Unique opportunity for horse and equestrian lovers to Build your dreams and take advantage of this extremely rare Property that has been in continuous operation since the 1960's. Must ask your agent or Listing agent for info on appointments. Property consists of one 1,300 sq ft 3 bed/1 bath home, one 1,100 sq ft 2 bed/2bath home, one 500 sq ft casita with bath and kitchen. One Mare Motel with twenty plus15x15 stalls, one show barn with box stalls & two tack rooms. A 96' x 200' arena with other uses, 40' round pen. 6 large runs, 2 with shade. Situated on 4.31 acres with private water company, and an existing in-active private well on the property. Facility is in excellent condition and ready for new owner to take the Property to the next level. Buyer to verify all pertinent info.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 98% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,857 | 2,199 | 93% |
| Lot Size | 187,744 | 7,800 | 100% |
| Price | $1.85M | $460.0K | 99% |
| Price per sq ft | $480 | $239 | 98% |
| Built year | 1990 | 2003 | 2% |
| HOA | $0 | $288 | 21% |
| Days on market | 241 | 1741 | 23% |
Aug 24, 2025
$1,850,000
Initial Listing