3941 E MERCER Lane, Phoenix, AZ 85028, Phoenix, 85028 - 2 bed, 2 bath
Loading property details...
Phoenix, AZ 85028
This property presents a High-Potential Investment Opportunity with a List Price of $439,000—positioned well below the $376,844 Fair Market Value by -16%. While the home maintains a Fair Condition Rating (4/10) and requires cosmetic updates, its large lot and prime 85028 location near top-rated schools like Sequoya Elementary offer significant upside. This Value-Add Asset provides a rare entry point into a desirable neighborhood for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3941 E MERCER Lane Subject | $439,000* List Price | 2 | 2 | 1,232 | $306 | - |
A 3416 E ALTADENA Avenue Sold | $448,000 | 3 | 2 | 1,418 | $316 | 0.8 mi |
B 3416 E ALTADENA Avenue Sold | $448,000 | 3 | 2 | 1,418 | $316 | 0.8 mi |
C 4143 E BERYL Lane Pending | $549,900 List Price | 3 | 2 | 1,374 | $400 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this home is well-maintained but significantly dated. The kitchen features older tile countertops, painted cabinetry, and appliances that appear to be 20-30+ years old. While the property is clean and functional, it requires cosmetic updates and likely system overhauls to 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 = 7586, living area = 1232.
Elementary School: Sequoya Elementary School (9/10).
Situated in the highly desirable 85028 zip code, the property offers beautiful mountain views and exceptional proximity to Paradise Valley, Scottsdale, and popular hiking trails.
With only 2 bedrooms and 1,232 square feet of living space, the property may be too small for growing families or those requiring a dedicated home office.
Built in 1964, the home may require updates to its original systems or cosmetic renovations to meet modern aesthetic standards and energy efficiency.
This charming North Phoenix home located in the highly desirable 85028 area with beautiful mountain views and convenient access to shopping, dining, hiking trails, and freeway access. This well-maintained property features spacious living areas, great natural light, and a backyard perfect for relaxing or entertaining. Located near local schools, parks, and all the amenities of Paradise Valley and Scottsdale.
No exterior & parking available.
Grades PK-6 • 1.7 mi
Grades K-5 • 3.0 mi
Grades 6-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 1% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,232 | 2,165 | 2% |
| Lot Size | 7,586 | 10,283.5 | 13% |
| Price | $439.0K | $640.0K | 32% |
| Price per sq ft | $356 | $344 | 54% |
| Built year | 1964 | 1972 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 1398 | 1% |
May 28, 2026
$439,000
Initial Listing