6012 N 3RD Street, Phoenix, AZ 85012, Phoenix, 85012 - 4 bed, 4 bath
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Phoenix, AZ 85012
This spacious Phoenix residence is a Strong Value Opportunity, listed at $1,350,000—positioned well below the $1,434,483 Fair Market Value by 5%. This valuation gap provides $84,483 in Instant Equity for the incoming buyer. While maintaining a Fair Condition Rating with its original 2004 finishes, the home features high-end assets including a private wine cellar, sparkling pool, and versatile loft. The property offers significant upside for forced appreciation through cosmetic modernization. It is an ideal acquisition for Owner-Occupants looking to build wealth or Buy-and-Hold Investors seeking a high-square-footage asset in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6012 N 3RD Street Subject | $1,250,000* List Price | 4 | 4 | 4,370 | $286 | - |
A 320 E MARYLAND Avenue Active | $1,250,000 List Price | 5 | 3 | 3,422 | $365 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2004, the property is well-maintained and move-in ready with fresh interior paint; however, it lacks recent major renovations. The kitchen and living areas feature high-end but dated early-2000s aesthetics, including original dark wood cabinetry, travertine tile flooring, and Tuscan-style built-ins. While the appliances are premium (Sub-Zero), the overall style and major systems are over 20 years old, placing it firmly in the fair category based on age and lack of modern updates.
The home offers exceptional functional flexibility with a dedicated flex office and an expansive game room loft, catering perfectly to modern remote work and entertainment needs.
The backyard is fully optimized for the Arizona lifestyle, featuring a sparkling pool, multiple covered patios, and a grassy area, providing a complete private retreat.
Unique features such as a private wine cellar and a spacious 3-car garage add significant value and appeal for collectors and those requiring extra storage or workshop space.
With over 4,300 square feet of living space and a private pool, the property likely incurs substantial ongoing costs for cooling, landscaping, and pool service.
Built in 2004, the home is entering a phase where major capital expenditures for items like HVAC units or roofing may be necessary if they have not been recently updated.
Beautifully maintained 4 bedroom/3 bath home offering space, comfort, and versatility. This property features a flex office space plus an expansive flex space in the form of a large game room loft, ideal for entertaining and relaxing. Enjoy an open airy feel with soaring high ceilings and fresh interior paint throughout. A couple unique highlights include the primary bedroom on the first floor and a private wine cellar, perfect for collectors or hosting. The spacious 3 car garage provides ample room for storage, vehicles, or workshop space. Step outside to your private backyard oasis, complete with sparkling pool, multiple covered patios, and a grassy area for play or pets. This home is ready to impress.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 4,370 | - |
| Lot Size | 10,009 | - |
| Price | $1.25M | $495.4K |
| Price per sq ft | $286 | $290 |
| Built year | 2004 | 0 |
| HOA | $0 | $0 |
| Days on market | 134 | 1260 |
Jun 1, 2026
$1,250,000
$1,335,000
-6% Price Drop
Initial Listing
May 15, 2026
$1,335,000
$1,350,000
-1% Price Drop
Initial Listing
Mar 11, 2026
$1,350,000
Initial Listing