1514 W MONROE Street, Phoenix, AZ 85007, Phoenix, 85007 - 5 bed, 4 bath
Loading property details...
Phoenix, AZ 85007
This Renovated Historic Dual-Structure Property is listed at $575,000, located in the prime Woodlands Historic District. While positioned above the $526,210 Fair Market Value, the property justifies its price through a fully detached 725 sq ft renovated guesthouse with high rental demand. The interior maintains a Modern Condition Rating featuring luxury vinyl plank flooring, quartz countertops, and new landscaping. This turnkey residence offers a unique "house-hack" opportunity in a high-growth urban core. It is perfectly suited for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1514 W MONROE Street Subject | $570,000* List Price | 5 | 4 | 1,269 | $409 | - |
A 1618 W TAYLOR Street Sold | $499,900 List Price | 3 | 2 | 1,130 | 0.3 mi | |
B 1314 W Monroe Street Sold | $589,900 List Price | 3 | 2 | 1,561 | 0.1 mi | |
C 710 N 9TH Avenue Sold | $400,000 | 3 | 2 | 1,112 | $360 | 0.6 mi |
D 1107 W ROOSEVELT Street Sold | $470,000 | 3 | 2 | 1,217 | $386 | 0.6 mi |
E 1301 W Culver Street Sold | $675,000 | 3 | 3 | 1,561 | $432 | 0.8 mi |
F 138 N 11TH Avenue Active | $449,000 List Price | 3 | 2 | 1,268 | $354 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite its 1916 original build date, the property has undergone a comprehensive and modern renovation within the last 5 years. The interior features brand-new luxury vinyl plank flooring, contemporary white shaker cabinetry, quartz countertops, and stainless steel appliances. Bathrooms have been fully updated with modern tile surrounds and new fixtures. The addition of a fully renovated guesthouse, new recessed lighting, fresh paint, and extensive exterior upgrades like the paver driveway and professional landscaping indicate that all major components meet current quality standards with no deferred maintenance.
The property features a fully renovated 725 sq ft guesthouse with a separate entrance, offering significant potential for rental income or a private multi-generational living setup.
Situated in the Woodlands Historic District of Downtown Phoenix, the home combines historic charm with exceptional proximity to Chase Field and urban amenities.
Recent improvements including new landscaping, a paver driveway, and a secure block and steel fence provide immediate curb appeal and enhanced privacy for the owner.
Built in 1916, the main residence may possess aging mechanical, electrical, or plumbing systems that are common in historic homes and could require future maintenance.
With the main house providing 1,269 sq ft for three bedrooms, the interior layout may feel constrained for buyers prioritizing large common areas or spacious primary suites.
The home located in Woodlands Historic District in Downtown Phoenix, just minutes away from Chase Field. The main house boasts 1269 sq ft with 3 bedrooms and 2 bathrooms. The fully renovated guesthouse/casita features 725 sq ft of living space with 2 bedrooms and 2 bathrooms, and a separate entrance offering rental income potential. The property includes new landscaping in the front and back, a paver patio in the backyard and paver driveway. The block and steel fence adds privacy and security. Prime location with convenient access to downtown amenities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 98% |
| Baths | 4.0 | 2.0 | 94% |
| Square foot | 1,269 | 1,511 | 30% |
| Lot Size | 5,946 | 7,355 | 6% |
| Price | $570.0K | $485.2K | 58% |
| Price per sq ft | $449 | $354 | 74% |
| Built year | 1916 | 1936 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 72 | 1425 | 1% |
Apr 9, 2026
$570,000
$575,000
-1% Price Drop
Initial Listing
Feb 13, 2026
$575,000
Initial Listing