1038 E ELM Street, Phoenix, AZ 85014, Phoenix, 85014 - 3 bed, 2 bath
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Phoenix, AZ 85014
This Reimagined Modern Ranch is a Prime Investment Opportunity, listed at $875,000—positioned well below the $895,557 Fair Market Value by 2%. This valuation gap secures $20,557 in Instant Equity for the buyer. Boasting a Condition Rating of 2, the home features a designer quartz kitchen, luxury laminate flooring, and a 2022 botanical retreat with a citrus grove and heated pool. With critical infrastructure like a full sewer replacement and new high-efficiency AC, this turnkey residence offers long-term stability. It is ideal for Owner-Occupants or lifestyle-seeking professionals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1038 E ELM Street Subject | $875,000* List Price | 3 | 2 | 2,453 | $365 | - |
A 1008 E MEDLOCK Drive Sold | $925,000 | 3 | 3 | 2,440 | $379 | 0.3 mi |
B 1008 E MEDLOCK Drive Sold | $925,000 | 3 | 3 | 2,440 | $379 | 0.3 mi |
C 1008 E MEDLOCK Drive Sold | $925,000 | 3 | 3 | 2,440 | $379 | 0.3 mi |
D 1008 E MEDLOCK Drive Sold | $925,000 | 3 | 3 | 2,444 | $378 | 0.3 mi |
E 1002 E MEDLOCK Drive Sold | $760,000 | 3 | 2 | 2,343 | $324 | 0.3 mi |
F 1010 E PIERSON Street Sold | $950,000 | 4 | 3 | 2,611 | $364 | 0.1 mi |
G 1134 E COLTER Street Active Under Contract | $725,000 List Price | 4 | 3 | 2,461 | $295 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1955, the property has undergone a comprehensive renovation within the last 2-3 years. Key infrastructure updates include a new HVAC system (2022), full sewer line replacement (2022), and new attic insulation (2023). The interior features a modern updated kitchen with quartz countertops and new luxury laminate flooring (2024), while the exterior and pool systems were fully renovated in 2022, meeting the criteria for mint condition with no immediate maintenance required.
The property features significant high-value investments including a full sewer line replacement (2022), a new high-efficiency 5-ton AC system (2022), and upgraded attic insulation (2023), ensuring lower utility costs and reduced maintenance concerns.
A 2022 full-grounds renovation by Dig It Gardens offers a premium outdoor experience with a citrus grove, privacy hedging, and a modernized pool featuring a new heater, filtration system, and safety fencing.
Situated in the highly coveted Uptown Phoenix corridor, the home provides immediate access to the Biltmore area, luxury shopping at Town & Country, and the city's top culinary destinations.
The local public schools assigned to this address carry ratings of 4 out of 10, which may be a drawback for buyers prioritizing high-performing educational districts.
Despite extensive modern updates, the 1955 original construction may still possess inherent limitations in room scale or vintage structural elements compared to newer luxury builds in the area.
Experience the perfect rhythm of Uptown Phoenix living in this reimagined modern ranch, nestled in the heart of the city's most coveted corridor. Spanning over 2,400 sq. ft., the home balances crisp contemporary design with the timeless durability of sandblasted block construction. The seamless open floor plan is anchored by an updated kitchen with sleek quartz countertops, stainless steel appliances, and a dedicated dry bar perfect for transitioning from daily life to hosting weekend gatherings. While the interior features new luxury laminate flooring (2024) and bespoke shelving, the true showstopper is the 2022 full-grounds renovation by the Dig It Gardens. This outdoor sanctuary boasts a privacy hedge, garden with drip irrigation, and a botanical retreat featuring a citrus grove of Meyer lemon, Key lime, and Arizona orange trees. Sustainability meets luxury with a xeriscaped front yard, native desert plantings, and a sparkling center-point pool upgraded with a new heater and filtration system (2022) and a secure safety fence (2025). This home offers unparalleled peace of mind through significant infrastructure investments rarely found at this price point, including a full sewer line replacement (2022), a new high-efficiency 5-ton Rudd AC with a Media Air Cleaner (2022), and 24" of fresh attic insulation (2023) for maximum efficiency and cost savings. Strategically located minutes from the culinary gems of Uptown, the luxury of the Biltmore, and the boutique charm of Town & Country, this residence is a meticulously upgraded gateway to the very best of the Valley.
No exterior & parking available.
Grades PK-4 • 1.2 mi
Grades 5-8 • 0.7 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,453 | 1,710 | 93% |
| Lot Size | 7,740 | 7,842 | 50% |
| Price | $875.0K | $485.0K | 86% |
| Price per sq ft | $357 | $320 | 64% |
| Built year | 1955 | 1952 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 1699 | 1% |
Apr 29, 2026
$875,000
Initial Listing