42213 N 3RD Street, Phoenix, AZ 85086, Phoenix, 85086 - 3 bed, 2 bath
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Phoenix, AZ 85086
This Equestrian Residential Property is a High-Potential Investment Opportunity, listed at $549,000, which aligns with its $549,000 Fair Market Value. Featuring a Fair Condition Rating, the home offers significant upside through cosmetic modernization. The expansive 2.5-acre lot includes Horse Facilities, a Garage-Top Patio, and No HOA restrictions, providing rare flexibility for RV owners and animal enthusiasts. With its elevated 360-degree mountain views and functional infrastructure, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a lifestyle-focused project with long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42213 N 3RD Street Subject | $549,000* List Price | 3 | 2 | 1,859 | $295 | - |
A 407 E HONDA BOW Road Active | $509,900 List Price | 3 | 2 | 1,871 | $273 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, this property is well-maintained but shows its age. While it features significant functional upgrades such as a metal roof, triple-pane windows, and a newer Goodman HVAC unit, the overall aesthetic and 50-year-old structure fall into the fair category. The interior, while featuring tile and wood flooring, likely requires cosmetic updates to the kitchen and bathrooms to meet modern standards, as no recent full-scale renovation is mentioned.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 109305, living area = 1859.
The property is a horse lover's dream, featuring a large dry arena, three stalls, a tack room, and an elevated lot designed to remain mud-free during rain.
Situated on an elevated lot, the home offers breathtaking 360-degree mountain views, best enjoyed from the unique and spacious garage-top entertaining patio.
Built in 1974, the home may require updates to its original systems or interior finishes to meet the aesthetic preferences of modern buyers.
While the property includes a 2-car garage, the additional 2-car carport may not provide the level of security or climate protection some buyers desire for all vehicles.
No HOA!!! Horse Facilities!! That's right, this property has gorgeous 360 degree views, the elevated lot has plenty of room for multiple horses. Tired of muddy stalls/arena when it rains? This property solves that problem as the horse areas do not turn into mud pits. The 3-bedroom, 2-bath home has a metal roof, stucco exterior, tile and wood flooring, triple-pane windows and a wood burning fireplace. The garage-top patio is a spacious entertaining spot with amazing views. Enjoy a 2-car carport plus a 2-car garage. The horse facilities include a large dry arena, 3 stalls, turnouts, large tack room with a large secure, enclosed chicken coup. RVs are welcome with hookups. HOME WARRANTY INCLUDED WITH ACCEPTABLE OFFER!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,859 | - |
| Lot Size | 109,305 | - |
| Price | $549.0K | $495.4K |
| Price per sq ft | $295 | $290 |
| Built year | 1974 | 0 |
| HOA | $0 | $0 |
| Days on market | 554 | 1260 |
Jan 14, 2025
$549,000
Initial Listing