1627 E EARLL Drive, Phoenix, AZ 85016, Phoenix, 85016 - 5 bed, 4 bath
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Phoenix, AZ 85016
This High-Potential Investment Opportunity is a versatile Single Family Residence listed at $759,000, positioned above the $686,936 Fair Market Value. While priced at a premium, the property offers significant Multi-Income Potential through its detached guesthouse and private master suite entrance. With a Condition Rating of 3, the home features modern mechanical updates and granite finishes. This asset is ideal for Buy-and-Hold Investors seeking rental revenue or Owner-Occupants looking for a mortgage-helper setup in a historic district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1627 E EARLL Drive Subject | $749,000* List Price | 5 | 4 | 2,398 | $284 | - |
A 2032 E CHEERY LYNN Road Sold | $568,345 | 3 | 2 | 1,608 | $353 | 0.6 mi |
B 1648 E MITCHELL Drive Active | $550,000 List Price | 4 | 3 | 2,161 | $255 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1925, the property has undergone significant renovations. The main kitchen and bathrooms feature updated cabinetry and granite countertops (approx. 10-15 years old), and the detached guesthouse shows a very modern, recent renovation (<5 years). The presence of mini-split HVAC systems and recessed lighting indicates updated mechanical and electrical systems, making it move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11375, living area = 1968.
The property offers exceptional versatility with a main home featuring a private master suite entrance and a fully detached, modern guesthouse, ideal for short-term rentals or a mortgage-helper setup.
Situated in the Earll Place historic district and built in 1925, this residence provides unique architectural charm and a prestigious neighborhood identity that maintains long-term value.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The property is served by schools with lower academic ratings, particularly the elementary school rated 2/10, which may be a deterrent for families focused on public education quality.
Given the home's 1925 construction, buyers should expect higher ongoing maintenance costs and potential renovation restrictions associated with historic preservation guidelines.
Incredible multi-income potential in this stunning 2,398 sq ft Historic Property. The main home features a spacious layout, including a private master suite with its own separate rear entrance--perfect for a private rental setup. Out back, the former 2-car garage has been completely transformed into a modern, fully detached guesthouse. The current owners successfully owner-occupied the main home for years while generating steady rental income from the detached unit. Whether you are looking for a multi-generational setup, a primary home with a built-in mortgage helper, or a multi-unit investment property, this versatile home delivers endless opportunities.
No exterior & parking available.
Grades PK-8 • 0.7 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,398 | - |
| Lot Size | 11,375 | - |
| Price | $749.0K | $495.4K |
| Price per sq ft | $312 | $290 |
| Built year | 1925 | 0 |
| HOA | $0 | $0 |
| Days on market | 66 | 1260 |
Jul 8, 2026
$749,000
$759,000
-1% Price Drop
Initial Listing
May 18, 2026
$759,000
Initial Listing