7131 N 12TH Place, Phoenix, AZ 85020, Phoenix, 85020 - 4 bed, 4 bath
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Phoenix, AZ 85020
This Spacious North Central Phoenix Estate is a High-Potential Investment Opportunity, listed at $1,395,000—positioned well below the $1,670,369 Fair Market Value by 16%. This significant valuation gap offers $275,369 in Instant Equity. Maintaining a Good Condition Rating, the residence features a functional 3,249 sqft layout with a guest suite, Jack-and-Jill bathroom, and an expansive 0.37-acre lot with a private patio. Located in the elite Encino Estates, it balances immediate lifestyle comfort with substantial appreciation potential. This is an ideal acquisition for Owner-Occupants or Value-Driven Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7131 N 12TH Place Subject | $1,395,000* List Price | 4 | 4 | 3,249 | $514 | - |
A 336 E Gardenia Drive Sold | $1,650,000 List Price | 4 | 4 | 3,132 | 0.8 mi | |
B 341 E WAGON WHEEL Drive Sold | $1,250,000 List Price | 4 | 3 | 2,750 | 0.8 mi | |
C 1822 E PALMAIRE Avenue Sold | $1,500,000 List Price | 4 | 4 | 3,339 | 0.7 mi | |
D 212 E STATE Avenue Sold | $1,685,000 | 4 | 3 | 4,066 | $414 | 0.9 mi |
E 7737 N 6TH Street Sold | $1,450,000 | 4 | 4 | 2,944 | $493 | 1.0 mi |
F 7340 N 6TH Way Active Under Contract | $1,375,000 List Price | 5 | 4 | 3,122 | $440 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with clear evidence of significant past renovations. The kitchen has been updated with modern dark cabinetry, stone countertops, and stainless steel appliances. Bathrooms feature contemporary tile work and updated fixtures. The interior is well-maintained with a mix of hardwood flooring, clean carpeting, crown molding, and plantation shutters. While the home was built in 1959, the style and quality of the updates suggest they were completed within the last 5 to 15 years, meeting the criteria for a 'good' condition score.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15969, living area = 3249.
Situated in the highly desirable Encino Estates of North Central Phoenix, this property offers a prestigious address in a well-established and sought-after community.
The 0.37-acre lot provides an abundance of outdoor space, offering rare privacy and significant potential for landscaping or outdoor amenities in an urban setting.
Built in 1959, the home's mix of carpet and traditional finishes may require a substantial renovation budget to meet the aesthetic expectations of modern luxury buyers.
The age of the property suggests that core systems and energy efficiency may not match the standards of newer constructions, potentially leading to higher long-term maintenance costs.
Welcome to this spacious and classic North Central Phoenix home set on a large well-established lot in the desirable Encino Estates Community. This property blends traditional charm with functional generously sized living spaces. The home features a large family room with a fireplace and formal dining room offering a classic layout ideal for gatherings and entertaining. Flooring includes wood, tile and carpet. Master suite offers a walk in shower and separate tub. Additional sleeping areas include a guest suite plus two more bedrooms connected by a Jack-and-Jill bathroom. These features combine to provide a well balanced home comfortable for daily living, yet roomy enough for entertaining, and family use. Situated on a large 0.37 - acre lot the property offers abundant outdoor space.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 59% |
| Baths | 4.0 | 2.0 | 89% |
| Square foot | 3,249 | 1,952 | 89% |
| Lot Size | 15,969 | 8,306 | 91% |
| Price | $1.40M | $446.0K | 93% |
| Price per sq ft | $429 | $283 | 86% |
| Built year | 1959 | 1967 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 1413 | 0% |
Mar 16, 2026
$1,395,000
Initial Listing