$579,200
- 3 Beds
- 2 Baths
- 1,776 sqft
3948 E Mercer Ln, Phoenix, AZ 85028
Est. Refi. Payment $3,291/mo*
Refinance Your HomeCurrently Off Market - Sold May 15, 2018 for $315,000
Home Value
Trulia Estimate
$579KSince last month
Increased$4K (+0.7%)Since last year
Increased$25K (+4.5%)Since last sale
Increased$263K (+83.6%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +84% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $578K |
| August 2026 | $577K |
| July 2026 | $574K |
| June 2026 | $584K |
| May 2026 | $579K |
| April 2026 | $583K |
| March 2026 | $581K |
| February 2026 | $576K |
| January 2026 | $562K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.07 | Single-Family Home | $693,000 | 07/14/26 | 3 | 2 | 1,808 | |
0.13 | Single-Family Home | $599,900 | 02/05/26 | 3 | 2 | 1,731 | |
0.05 | Single-Family Home | $749,900 | 02/23/26 | 3 | 2 | 1,868 | |
0.20 | Single-Family Home | $634,000 | 09/15/25 | 3 | 2 | 1,919 | |
0.17 | Single-Family Home | $630,000 | 05/14/26 | 3 | 2 | 1,792 | |
0.18 | Single-Family Home | $729,950 | 01/28/26 | 3 | 2 | 1,875 | |
0.22 | Single-Family Home | $660,000 | 04/16/26 | 3 | 2 | 1,886 | |
0.12 | Single-Family Home | $640,000 | 12/30/25 | 3 | 2 | 1,958 | |
0.37 | Single-Family Home | $425,000 | 07/31/26 | 3 | 2 | 1,512 | |
0.19 | Single-Family Home | $615,000 | 06/01/26 | 3 | 2 | 1,591 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.04 | $674,300 | 3 | 2 | 1,808 | Off Market | |
0.05 | $790,000 | 4 | 3 | 2,158 | Recently Sold | |
0.05 | $749,900 | 3 | 2 | 1,868 | Recently Sold | |
0.07 | $693,000 | 3 | 2 | 1,808 | Recently Sold | |
0.08 | $772,200 | 3 | 2 | 1,738 | Off Market | |
0.09 | $948,000 | 4 | 3.5 | 2,070 | Recently Sold | |
0.12 | $640,000 | 3 | 2 | 1,958 | Recently Sold | |
0.13 | $1,172,200 | 4 | 3 | 2,428 | Off Market | |
0.13 | $599,900 | 3 | 2 | 1,731 | Recently Sold | |
0.14 | $560,000 | 4 | 2 | 1,720 | Recently Sold | |
0.16 | $695,000 | 4 | 2 | 1,766 | Recently Sold | |
0.16 | $739,000 | 5 | 2.5 | 2,155 | Recently Sold |
Local Information
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
1961
Living Area
1,776 sqft
Price/Sqft
$326
Parking
Garage
About this House
Close to the 51 and Shea your completely remodeled home awaits. Walls have been removed to provide a modern open layout. Almost anything you can touch is updated! Entertain family and friends from the large kitchen (granite counters/shaker cabinets) that opens to the rest of the common areas. Dropdown ceiling in kitchen, and popcorn was removed while sinken living room was raised. New fixtures, hardware and so much more. New bathrooms including a marble double vanity in master. Fabulous location half way between the 51 and all the dining options at Tatum and Shea! You will love the 2018 layout and finish level but your budget will appreciate the new efficient HVAC unit. Click 3D Walkthrough under virtual tour section to walk through every inch of the home from a computer or mobile device.
3948 E Mercer Ln, Phoenix, AZ 85028 is a 3 bedroom, 2 bathroom, 1,776 sqft single-family home in Paradise Valley, built in 1961. It last sold for $315,000 on May 15, 2018. More recently, it was listed as a rental in November 2017 with an asking price of $1,705 per month. That rental listing was removed on February 16, 2018. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $579,200, with a rent estimate of $2,759/month.
Home Details for 3948 E Mercer Ln
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Heating & Cooling Heating: Forced AirAir ConditioningHeating Fuel: Forced Air |
Levels, Entrance, & Accessibility Stories: 1Floors: Tile, Carpet |
Interior Details Number of Rooms: 6Types of Rooms: Dining Room |
Appliances & Utilities Dishwasher |
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Exterior Home Features Roof: OtherExterior: StuccoPatio |
Parking & Garage GarageParking Spaces: 4Parking: Garage Attached |
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Year Built Year Built: 1961 |
Property Type / Style Property Type: Single Family HomeArchitecture: Ranch / Rambler |
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Units in Building: 1 |
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Lot Area: 7840 sqft |
Price and Tax history
| Date | Event | Price |
|---|---|---|
May 15, 2018 Source: ARMLS #5725285 | Sold | $315,000 |
Apr 14, 2018 Source: Agent Provided | Pending | $314,900 |
Mar 12, 2018 Source: Agent Provided | PendingToActive | $319,900 |
Mar 2, 2018 Source: Agent Provided | Pending | $319,900 |
Feb 16, 2018 Source: Agent Provided | ListingRemoved | $1,595 |
Feb 2, 2018 Source: Agent Provided | PriceChange | $1,595 Price decreased by 5% |
Jan 10, 2018 Source: Agent Provided | PriceChange | $1,675 Price decreased by 2% |
Nov 3, 2017 Source: Agent Provided | Listed For Rent | $1,705 |
Jul 16, 2015 Source: ARMLS #5305019 | Sold | $291,000 |
Jun 5, 2015 Source: Agent Provided | PriceChange | $298,300 Price decreased by 0% |
Apr 15, 2015 Source: Agent Provided | PriceChange | $298,400 Price decreased by 1% |
Apr 2, 2015 Source: Agent Provided | PriceChange | $299,900 Price decreased by 2% |
Mar 10, 2015 Source: Agent Provided | PriceChange | $304,900 Price decreased by 0% |
Mar 7, 2015 Source: Agent Provided | PriceChange | $305,000 Price decreased by 2% |
Feb 4, 2015 Source: Agent Provided | PriceChange | $310,000 Price decreased by 5% |
Jan 12, 2015 Source: Agent Provided | Listed For Sale | $325,000 |
Oct 27, 2014 Source: N/A | Sold | $190,000 |
Sep 27, 2000 Source: N/A | Sold | $125,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $1,445 | $432,200 |
Home facts updated by county records
Market trends in Paradise Valley
Last updated July 2026
Avg. sale price
$587K
$3.5KMoM
Sale-to-List Price
98.4%
0.1%MoM
Price per sq ft
$333
$4MoM
Available listings
794
69MoM
Around this home
What Locals Say about Paradise Valley
At least 1037 Trulia users voted on each feature.
90 % Say it's dog friendly
89 % Say there are sidewalks
86 % Say parking is easy
85 % Say car is needed
77 % Say yards are well-kept
73 % Say there's holiday spirit
71 % Say people would walk alone at night
70 % Say streets are well-lit
70 % Say it's quiet
60 % Say kids play outside
58 % Say it's walkable to grocery stores
57 % Say they plan to stay for at least 5 years
55 % Say it's walkable to restaurants
51 % Say neighbors are friendly
42 % Say there's wildlife
23 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Frequently asked questions about 3948 E Mercer Ln
- What is 3948 E Mercer Ln estimated to be worth?Trulia's estimated value for 3948 E Mercer Ln in Phoenix, AZ is $579,200.
- What is the price history for 3948 E Mercer Ln?3948 E Mercer Ln in Phoenix, AZ last sold for $315,000 in May 2018.
- Is Phoenix a buyer's or seller's market?Phoenix is currently a balanced market, based on recent for-sale activity.
- What's the median sale price in Phoenix?The median sale price in Phoenix is $587K. That is up $3.5K from the prior month.
- How big is the lot at 3948 E Mercer Ln?The lot at 3948 E Mercer Ln in Phoenix, AZ is about 0.18 acres (7,999 sq ft).
- Does 3948 E Mercer Ln have a garage?Yes, 3948 E Mercer Ln in Phoenix, AZ has a garage.

