6121 N 3RD Avenue, Phoenix, AZ 85013, Phoenix, 85013 - 3 bed, 2 bath
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Phoenix, AZ 85013
This property presents a High-Potential Investment Opportunity with a List Price of $1,750,000—positioned above the $1,601,929 Fair Market Value. While the current Condition Rating of 6 indicates a teardown or major renovation, the 33,185 sq ft lot in the Orangewood neighborhood offers significant development upside. Featuring an existing pool and mature landscaping, this asset provides a rare canvas for a custom luxury estate. This is a strategic acquisition ideal for Luxury Home Developers or Owner-Occupants seeking to build a bespoke residence in a premier location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6121 N 3RD Avenue Subject | $1,750,000* List Price | 3 | 2 | 2,219 | $722 | - |
A 333 W ROSE Lane Pending | $1,875,000 List Price | 3 | 3 | 2,945 | $637 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1946 with no evidence of renovation, this property is marketed for its land value and 'opportunity' to build. Images show a severely dilapidated roof and structure that appears unlivable, meeting the criteria for a tear-down.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 33185, living area = 2219.
Spanning over 33,000 sq ft across two parcels, this property offers rare privacy and a massive canvas for a custom luxury estate in a high-demand area.
Situated in the coveted Orangewood neighborhood, the property provides immediate access to the Murphy Bridle Path, top-tier Madison schools, and trendy Uptown dining.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =33185, other record lot size in square feet = 8843.
At $1.75M, the listing price reflects premium land value, which may be a barrier for buyers looking for a move-in ready home rather than a major construction project.
Built in 1946, the current 2,219 sq ft residence likely requires extensive renovation or a complete teardown to align with modern luxury standards and maximize the lot's potential.
North Central Phoenix OPPORTUNITY! These two parcels total over 33,000 sq ft and offer privacy and endless possibilities to build your dream home in the coveted Orangewood neighborhood of the North Central Corridor. Bring your dreams and imagination - the pool and mature landscaping are already there! Down the street from the Murphy Bridle Path, 3rd Ave walking/biking path, Uptown Farmer's Market, excelling Madison Schools, Brophy, Xavier, St. Francis, All Saints, hip restaurants and boutiques and much more!
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 | 2,219 | - |
| Lot Size | 33,185 | - |
| Price | $1.75M | $495.4K |
| Price per sq ft | $789 | $290 |
| Built year | 1946 | 0 |
| HOA | $0 | $0 |
| Days on market | 69 | 1260 |
May 15, 2026
$1,750,000
Initial Listing