15602 N 37TH Street, Phoenix, AZ 85032, Phoenix, 85032 - 4 bed, 3 bath
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Phoenix, AZ 85032
This Modern Ranch Retreat with Guest House is a Prime Investment Opportunity, listed at $1,399,000—positioned well below the $1,465,896 Fair Market Value by 4%. This valuation gap provides $66,896 in Instant Equity. Boasting an Excellent Condition Rating, the property features a high-end renovation, heated pool, and mountain views on a rare 1.04-acre lot with no HOA. The 674 sq ft guest house adds versatility for rental income or multi-generational living. This is a premier acquisition for Owner-Occupants or Multi-generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15602 N 37TH Street Subject | $1,399,000* List Price | 4 | 3 | 2,598 | $564 | - |
A 16436 N 40TH Place Active | $990,000 List Price | 4 | 2 | 1,844 | $537 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive high-end renovation within the last 5 years, featuring a modern chef's kitchen with two-tone cabinetry and stone surfaces, updated contemporary bathrooms, and new flooring throughout. Despite the 1984 build date, the mint condition and updated systems, including visible modern HVAC components, meet the criteria for excellent condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 45296, living area = 2598.
The rare 1.04-acre usable lot offers unparalleled freedom with no HOA restrictions, providing ample space for RV storage, horses, or custom sports courts like pickleball and tennis.
The inclusion of a renovated 674 sq ft guest house provides excellent versatility for multi-generational living, a high-end home office, or potential rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2598, other record living area = 1924.
Despite being in the Paradise Valley School District, the assigned middle and high schools have lower performance ratings (2/10 and 4/10), which may impact appeal for education-focused families.
The vast 1.04-acre lot and secondary guest house structure demand significant ongoing landscaping, cleaning, and utility costs compared to standard suburban properties.
Welcome to this beautifully renovated 1924 sq ft Modern Ranch Retreat and 674 sq ft Guest House set on 1.04-acre usable lot with NO HOA. This light-filled home offers open-concept living, stylish upgrades with a contemporary flair and a versatile layout with space for work, fitness, guests or income potential. Step outside to your private resort-style oasis featuring a heated pool, expansive patios, park like landscaping and endless room to create the ultimate playground for sport lovers--think pickleball, tennis, custom courts; Horse lovers, RVs, RV Garage or toys. Located in the sought after PV School District, this property delivers flexibility, function, and lifestyle in one rare package-- all just minutes from premier dining, shopping,entertainment and Healthcare; the New PV Mall, Scottsdale Quarter, Kierland Commons, Desert Ridge and Mayo Clinic. Easily accessible to SR 51 and Loop 101 which makes commuting to Downtown Phoenix, Paradise Valley or Scottsdale quick and convenient. A rare opportunity to own in one of the area's last remaining large-lot pockets, (zoned R1-14, One Family Residence District designed to maintain, protect and preserve the character of development on these lots)
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades 7-8 • 0.9 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 59% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 2,598 | 1,746 | 92% |
| Lot Size | 45,296 | 7,787.5 | 98% |
| Price | $1.40M | $450.0K | 99% |
| Price per sq ft | $538 | $288 | 99% |
| Built year | 1984 | 1980 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 1452 | 0% |
May 4, 2026
$1,399,000
Initial Listing