3846 N 11th Avenue, Phoenix, AZ 85013, Phoenix, 85013 - 4 bed, 4 bath
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Phoenix, AZ 85013
This REO Asset presents a High-Potential Investment Opportunity with a List Price of $390,000—positioned well below the $468,219 Fair Market Value by 16%. This valuation gap offers $78,219 in Instant Equity for buyers executing a Value-Add strategy. Despite a Condition Rating of 5 requiring substantial rehabilitation, the rare 4-bedroom, 4-bathroom configuration and 7,854 sqft lot provide significant forced appreciation potential near Clarendon School. This high-upside project is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3846 N 11th Avenue Subject | $390,000* List Price | 4 | 4 | 1,536 | $305 | - |
A 3827 N 13TH Avenue Sold | $492,000 | 4 | 2 | 1,600 | $308 | 0.1 mi |
B 3827 N 13TH Avenue Sold | $492,000 | 4 | 2 | 1,606 | $306 | 0.1 mi |
C 927 W ROMA Avenue Sold | $490,000 List Price | 3 | 2 | 1,625 | 0.5 mi | |
D 457 W MULBERRY Drive Sold | $485,000 | 3 | 2 | 1,493 | $325 | 0.6 mi |
E 1319 W COOLIDGE Street Sold | $389,900 List Price | 3 | 2 | 1,653 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1947, this REO property shows significant signs of neglect and deferred maintenance. Interior images reveal dated finishes including popcorn ceilings, wood paneling, and an outdated kitchen with old appliances. The presence of missing light fixtures, scuffed walls, and heavily overgrown exterior landscaping indicates the home requires substantial rehabilitation and likely major system updates to be comfortable or meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7854, living area = 1536.
As a lender-owned REO property priced for value, this home offers significant equity potential for investors or flippers looking to capitalize on a renovation project in a high-demand area.
The rare 4-bedroom, 4-bathroom configuration provides exceptional utility and privacy for a home of this size, making it highly attractive for multi-generational families or as a high-yield rental.
The property is explicitly marketed as needing cosmetic updating and improvements, which will require immediate additional capital and oversight from the buyer.
Built in 1947, the home may possess aging mechanical, electrical, or plumbing systems that could lead to unforeseen expenses beyond the planned cosmetic upgrades.
REO/lender-owned opportunity with upside. Great chance for investors, flippers, or owner-occupants ready to create value with cosmetic updating. This home offers solid potential for the right buyer to improve and personalize while taking advantage of an attractive price point. Bring your vision and unlock the possibilities.
No exterior & parking available.
Grades PK-8 • 0.2 mi
Grades PK-8 • 0.3 mi
Grades 7-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 64% |
| Baths | 4.0 | 2.0 | 82% |
| Square foot | 1,536 | 1,777 | 34% |
| Lot Size | 7,854 | 8,243.5 | 42% |
| Price | $390.0K | $511.5K | 28% |
| Price per sq ft | $254 | $321 | 34% |
| Built year | 1947 | 1952 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 52 | 1166 | 1% |
Mar 5, 2026
$390,000
Initial Listing