
Phoenix, AZ 85086
This property presents a High-Potential Investment Opportunity with a List Price of $730,000—positioned well below the $741,813 Fair Market Value by 1.6%. This valuation gap offers $11,813 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires cosmetic updates, but the 1.25-acre lot, freestanding 4-car shop, and private pool provide significant value-add potential. This is a strategic acquisition for Value-Add Investors or Owner-Occupants seeking a sweat-equity project with expansive desert amenities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 35942 N 10TH Street Subject | $730,000* List Price | 3 | 2 | 2,108 | $352 | - |
A 1009 E CARLISE Road Sold | $676,000 | 3 | 2 | 1,752 | $386 | 0.8 mi |
B 36632 N 16TH Street Sold | $840,000 | 3 | 2 | 2,234 | $376 | 0.9 mi |
C 36632 N 16TH Street Sold | $840,000 | 3 | 2 | 2,234 | $376 | 0.9 mi |
D 1032 E CARLISE Road Active Under Contract | $649,000 List Price | 3 | 2 | 2,029 | $320 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996 (28 years old), the property features original dated kitchen and bath finishes. The interior is described as worn and photos show stained carpeting and aged surfaces, requiring cosmetic updates and minor repairs to reach full potential.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 54450, living area = 2108.
Situated on a generous 1.25-acre lot, the property features a rare 4-car freestanding shop with a separate office, a private pool, and owned solar, offering significant utility and value.
The property boasts beautiful mountain views, providing a serene desert backdrop that enhances the overall aesthetic appeal and long-term desirability of the location.
The home is currently in a worn state, requiring at minimum new carpet and paint throughout to restore its appeal and functionality.
The property is positioned as a restoration project, requiring buyers to have additional capital and time available to address deferred maintenance and necessary upgrades.
Rare Desert Hills find on 1.25 acres. 2,108 sq ft, 3 beds, 2 baths, plus a freestanding 4-car shop with a separate office, private pool, owned solar, and fenced backyard. On Cave Creek Water. This home is worn and needs new carpet and paint at minimum, making it an ideal sweat-equity project for a buyer who wants acreage, a shop, and a pool without new-build pricing. Bring your vision and put in the work to restore this property to its full potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,108 | 1,820.548 |
| Lot Size | 54,450 | 7,305.343 |
| Price | $730.0K | $470.3K |
| Price per sq ft | $346 | $279 |
| Built year | 1996 | 1986 |
| HOA | $0 | $186 |
| Days on market | 26 | 67 |
Aug 14, 2026
$730,000
Initial Listing