1605 E SALTSAGE Drive, Phoenix, AZ 85048, Phoenix, 85048 - 5 bed, 3 bath
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Phoenix, AZ 85048
This Renovated Luxury Residence is a High-Potential Investment Opportunity, listed at $850,000—positioned well below the $1,023,506 Fair Market Value by 16%. This significant valuation gap provides $173,506 in Instant Equity. Boasting an Excellent Condition Rating, the home features a remodeled gourmet kitchen and a resort-style backyard with a sparkling pool and professional putting green. Located within the top-rated Kyrene School District with 9/10 rated schools, it offers a premium lifestyle with substantial financial upside. This is an ideal acquisition for Owner-Occupants or Luxury Portfolio Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1605 E SALTSAGE Drive Subject | $850,000* List Price | 5 | 3 | 3,007 | $340 | - |
A 1719 E BRIARWOOD Terrace Sold | $765,000 | 4 | 3 | 2,821 | $271 | 0.2 mi |
B 1706 E BROOKWOOD Court Sold | $749,000 List Price | 5 | 3 | 3,034 | 0.6 mi | |
C 1612 E Glenhaven Drive Sold | $730,000 List Price | 5 | 3 | 3,150 | 0.0 mi | |
D 1687 E GLENHAVEN Drive Sold | $995,000 List Price | 6 | 3 | 3,800 | 0.2 mi | |
E 1247 E MARKETPLACE Way SE Sold | $600,000 | 3 | 3 | 1,809 | $332 | 0.6 mi |
F 1667 E SALTSAGE Drive Sold | $740,000 | 5 | 3 | 2,900 | $255 | 0.1 mi |
G 1849 E WINDMERE Drive Active Under Contract | $750,000 List Price | 5 | 3 | 3,034 | $247 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1992, the property has undergone extensive high-end renovations within the last five years, aligning with the 'excellent' criteria. The kitchen has been fully remodeled with modern features like a touchless faucet and wine fridge, and the home features updated wood flooring, a custom staircase, and modern light fixtures. Major systems, including the roof and HVAC units, are noted as newer, and the property shows no signs of deferred maintenance, presenting as a virtually new interior.
Elementary School: Kyrene Monte Vista (9/10). Middle School: Kyrene Altadena Middle School (9/10).
The property features significant high-end updates including a remodeled kitchen, newer roof, newer A/C units, and updated wood flooring, providing immediate value and reducing near-term maintenance costs.
The oversized lot is fully optimized for entertainment with a sparkling pool, built-in BBQ with storage, and a professional-grade putting green with a chipping pad.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3007, other record living area = 2900.
The presence of a sunken bar/study reflects design trends from the original 1992 construction, which may feel dated or present accessibility concerns for some modern buyers.
The $210 association fee adds a mandatory recurring cost to the monthly carrying budget, which may be a drawback for buyers looking to minimize non-mortgage expenses.
This home has been meticulously maintained and updated over the last few years. Beautifully updated wood floors, custom updated staircase & railing, Kitchen was remodeled and well thought out for function and beauty. Don't miss great features like the wine fridge, sunken bar/study, fireplace feature wall, high end window treatments, touchless kitchen faucet, modern ceiling fans, sparkling pool, Built-In BBQ w/Built-In Storage & Cooler, putting green w/chipping pad, large lot with function and endless possibilities. Garage is oversized w/epoxy floors, loads of storage, multiple workbenches, utility sink, R/O & Soft water, and more. Home was recently painted and warranty is transferrable. Roof & A/C's are newer. Don't miss all this home has to offer!
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades PK-5 • 1.3 mi
Grades PK-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 83% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,007 | 2,167 | 78% |
| Lot Size | 11,308 | 6,970 | 88% |
| Price | $850.0K | $446.0K | 95% |
| Price per sq ft | $283 | $218 | 70% |
| Built year | 1992 | 1992 | 50% |
| HOA | $210 | $200 | 69% |
| Days on market | 27 | 1686 | 0% |
Mar 26, 2026
$850,000
Initial Listing