
Phoenix, AZ 85015
This Registered Historic Residence in Truman Terrace is a versatile Hybrid Income Property listed at $580,000, positioned near its $523,271 Fair Market Value. Boasting a Good Condition Rating, the property features a detached studio apartment with a private entrance, offering immediate rental income or a home office. The main residence includes a modern gas kitchen and primary retreat, complemented by an expansive lot with a separate workshop and RV gate. Located near Clarendon School, this character-rich home is an ideal match for Owner-Occupants seeking a "house-hack" or multi-generational buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1601 W MULBERRY Drive Subject | $580,000* List Price | 4 | 3 | 1,746 | $300 | - |
A 3312 N 17TH Drive Sold | $500,000 List Price | 3 | 1 | 1,591 | 0.2 mi | |
B 3312 N 15TH Avenue Sold | $435,000 | 2 | 2 | 1,858 | $234 | 0.1 mi |
C 3312 N 15TH Avenue Sold | $435,000 | 2 | 2 | 1,485 | $293 | 0.1 mi |
D 1702 W INDIAN SCHOOL Road Sold | $413,000 | 4 | 2 | 1,591 | $260 | 0.6 mi |
E 4307 N 15th Drive Sold | $550,000 | 4 | 2 | 1,652 | $333 | 0.9 mi |
F 3318 N 17TH Drive Sold | $630,000 | 4 | 2 | 2,113 | $298 | 0.2 mi |
G 1813 W EARLL Drive Active | $633,900 List Price | 4 | 3 | 1,861 | $341 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1952 historic home is in move-in ready condition, featuring significant updates that align with the 'good' criteria. The interior boasts updated wood-look flooring throughout and a functional kitchen equipped with modern stainless steel appliances and a gas stove. While some elements like the tile countertops and cabinetry style suggest renovations were likely completed 10-15 years ago rather than recently, the home is well-maintained with no visible deferred maintenance. The addition of a detached studio and workshop further enhances the property's utility and overall quality.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8024, living area = 1746.
The property includes a detached studio apartment with a private entrance, kitchenette, and laundry, providing a turnkey solution for rental income, a home office, or multi-generational living.
This registered historic home in Truman Terrace preserves its 1950s character while offering functional modern upgrades, including a spacious kitchen with stainless steel appliances and a gas stove.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Being a 1952 historic residence, the property may require specialized maintenance and must adhere to specific preservation guidelines, which can limit or complicate certain exterior renovations.
The assigned high school and one of the local middle schools carry lower ratings (3/10), which may be a drawback for families prioritizing top-tier public education performance.
Historic character, functional updates & flexible living come together in this registered historic home in the heart of Truman Terrace/North Encanto.The main residence offers a comfortable, livable layout anchored by a large great room with picture window views.The kitchen is designed for everyday use, featuring tons of cabinets and counter space, breakfast bar, stainless appliances including a gas stove & is a seamless connection to the main living areas. The adjacent dining area is lined with corner windows, bringing in consistent natural light and enhancing the home's overall flow. Wonderful primary bedroom retreat with shower, two sinks and exit to a private patio. Two light filled secondary bedrooms share a hall bath. Spacious bonus/flex room with a brick fireplace, creating a natural gathering space that feels both relaxed and practical. What sets this property apart is its versatility. A detached studio apartment with private entrance, kitchenette, bath and laundry provides a true secondary living space, ideal for guests, rental income, a home office, or multigenerational living. A separate workshop adds additional flexibility for projects, storage, or creative use. Don't miss the RV gate, too! Outdoor living is easy, beautiful, functional and inviting. The expansive backyard includes mature landscaping, multiple covered patio areas, and dedicated spaces to relax, entertain, or garden. Located in one of Central Phoenix's most established neighborhoods, just minutes from Encanto Park, local restaurants, coffee spots and everyday conveniences. Easy access to downtown, light rail and major corridors keeps everything within reach while maintaining the charm of a tree-lined historic setting. This is a home that offers options, live, work or generate income, all within a neighborhood known for its character and connectivity.
No exterior & parking available.
Grades PK-8 • 0.2 mi
Grades PK-8 • 0.4 mi
Grades 7-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 74% |
| Baths | 3.0 | 2.0 | 87% |
| Square foot | 1,746 | 1,474.5 | 70% |
| Lot Size | 8,024 | 7,693 | 57% |
| Price | $580.0K | $370.0K | 89% |
| Price per sq ft | $332 | $264 | 77% |
| Built year | 1952 | 1951 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 994 | 1% |
Apr 9, 2026
$580,000
Initial Listing