40710 N 12TH Street, Phoenix, AZ 85086, Phoenix, 85086 - 3 bed, 2 bath
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Phoenix, AZ 85086
This Modern Mountainside Estate is a High-Potential Investment Opportunity, listed at $575,000—positioned well below the $653,870 Fair Market Value by 12%. This valuation gap secures $78,870 in Instant Equity for the incoming owner. Built in 2021, the residence boasts an Excellent Condition Rating with a Modern Kitchen, Mountain Views, and a 1.5-acre lot. Featuring a Massive Shop and Barn, the property offers rare utility and expansion potential. This is an ideal acquisition for Owner-Occupants or Lifestyle Buyers seeking a high-equity desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40710 N 12TH Street Subject | $575,000* List Price | 3 | 2 | 2,100 | $311 | - |
A 509 E SECO Place Sold | $741,000 | 4 | 2 | 2,339 | $317 | 0.8 mi |
B 509 E SECO Place Sold | $741,000 | 4 | 2 | 2,384 | $311 | 0.8 mi |
C 509 E Seco Place Sold | $741,000 | 4 | 2 | 2,384 | $311 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property was built in 2021, making it virtually new and well within the 10-year threshold for an excellent rating. The interior features modern finishes, including a contemporary kitchen with white shaker cabinets, granite countertops, and stainless steel appliances, as well as wood-look tile flooring throughout. The master bathroom is spacious and updated with a large soaking tub and dual vanities. While the exterior requires some cleanup and landscaping, the structural components and interior systems meet high current quality standards with no visible deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 65339, living area = 2100.
The property sits on a 1.5-acre mountainside lot offering breathtaking panoramic views, with the costly excavation and leveling work already completed.
Equipped with both a massive shop and a barn/workshop, this property provides exceptional utility for hobbyists, storage, or home-based businesses.
The listing indicates that the buyer will need to 'pick finishing touches,' suggesting the home may require additional capital or labor to be fully completed.
The presence of various 'trinkets and gadgets' currently being removed suggests the property may have curb appeal issues or require a thorough cleanup before closing.
Stop the tape! You'll want to lock this house away. Don't just stand there, operate on writing an offer as soon as possible. You do not want to miss out on this opportunity to own one of the prized jewels in this stellar New River neighbored. Perfectly positioned to make life a breeze, you're just moments from the I-17, Loop 101 & 303 with all the glorious delights that North Phoenix, New River and Carefree have to offer! We've got the 1.5 acre lot you absolutely need, perfectly situated high above all the hustle and bustle of the city. You've got views for days in all directions. We've got an acre and a half of pure mountain side goodness. All the hard and massively expensive excavating and leveling has been done. All you need to do is pick your finishing touches. Do you see a bunch of random trinkets, gadgets and gizmos laying about throughout the property? Don't worry, it is all being systematically removed as we speak, well... as you read. Let's face it, if you want one of the most incredible scenic lots in New River that has a beautifully curated asphalt road that least all the way up to it AND a move in ready newer construction home WITH a massive shop AND barn/workshop. Then you have got to come check out this property. Wait until you see this master bathroom with the walk around closet! Admit it, this is the most amazing lot with incredible views and space to do what you need to do. And you know it has more potential. This is your moment. If you had one shot, one opportunity to grab the house you've always wanted... would you capture it, or just let it slip?
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 47% |
| Square foot | 2,100 | 2,199 | 39% |
| Lot Size | 65,339 | 7,800 | 97% |
| Price | $575.0K | $460.0K | 64% |
| Price per sq ft | $274 | $239 | 67% |
| Built year | 2021 | 2003 | 98% |
| HOA | $0 | $288 | 21% |
| Days on market | 27 | 1741 | 0% |
Mar 26, 2026
$575,000
Initial Listing