This North Central Phoenix property, sold for $1,125,000 in April 2025, is positioned below market value at $313/sqft compared to recent comparable sales averaging $420/sqft. Located in a desirable area near Murphy's Bridle Path with premium features (pool, vaulted ceilings, 3-car garage), the property offers good value in a market showing price declines.
Recommend pricing at $1,375,000 (approximately $383/sqft) to align with comparable sales while acknowledging recent market softening. Focus marketing on the prime location, spacious 5-bed layout, and outdoor amenities. Target luxury buyers seeking established neighborhoods with proximity to Central Avenue amenities. Prepare for 45-60 days on market given current buyer's market conditions.