1648 E MITCHELL Drive, Phoenix, AZ 85016, Phoenix, 85016 - 4 bed, 3 bath
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Phoenix, AZ 85016
This Turnkey Multi-Generational Property represents a Strong Value Opportunity, listed at $499,900—positioned well below the $523,556 Fair Market Value by 4%. This valuation gap provides $23,656 in Instant Equity. Featuring a private guest house and modern renovations including quartz countertops and luxury plank flooring, the home maintains a Mint Condition Rating. While school ratings are modest, the central Phoenix location and income-producing potential make this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1648 E MITCHELL Drive Subject | $499,900* List Price | 4 | 3 | 2,161 | $239 | - |
A 1829 E AMELIA Avenue Sold | $380,000 | 4 | 4 | 2,000 | $190 | 0.4 mi |
B 3202 N 21ST Street Sold | $495,000 | 3 | 2 | 1,682 | $294 | 0.6 mi |
C 2022 E MULBERRY Drive Sold | $410,000 | 3 | 2 | 1,556 | $263 | 0.5 mi |
D 1818 E MONTEREY Way Sold | $365,000 | 3 | 2 | 1,326 | $275 | 0.3 mi |
E 2243 E MULBERRY Drive Sold | $369,000 List Price | 3 | 2 | 1,545 | 0.8 mi | |
F 1946 E FAIRMOUNT Avenue Active | $479,900 List Price | 3 | 2 | 1,928 | $249 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive modern renovation within the last 5 years, featuring quartz countertops, stainless steel appliances, and luxury plank flooring. It is in turnkey, mint condition with no immediate maintenance required.
The inclusion of a fully equipped, private guest house with its own kitchen and living area offers significant value for multi-generational living or as a turnkey short-term rental income stream.
The property is tastefully renovated with high-end finishes like quartz countertops and luxury plank flooring, and is sold fully furnished, allowing for immediate occupancy or rental.
Situated in the highly desirable 85016 zip code of Central Phoenix, the property offers excellent proximity to urban amenities while maintaining the charm of a historic 1950s neighborhood.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2161, other record living area = 1655.
The assigned schools have low performance ratings, specifically a 2/10 for the elementary school, which may deter families prioritizing high-quality public education.
Despite the modern aesthetic renovations, the 1952 build date suggests that underlying structural or mechanical systems may be aged and require more frequent maintenance than newer constructions.
Turnkey opportunity in the heart of Phoenix with private guest house! Welcome to your next investment or multi-generational retreat in one of Central Phoenix's most convenient locations! This tastefully renovated home blends historic charm with modern functionality and is now being sold fully furnished--ready for immediate use as a short-term rental or personal residence. The main home features 3 bedrooms, 2 bathrooms, stylish upgrades throughout, including quartz countertops, luxury plank flooring, and sleek white cabinetry. A separate, fully equipped guest house with its own living room, kitchen, bedroom, and bath provides the perfect setup for in-laws, extended family, or income-producing guests.
No exterior & parking available.
Grades PK-8 • 0.5 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,161 | - |
| Lot Size | 7,240 | - |
| Price | $499.9K | $495.4K |
| Price per sq ft | $231 | $290 |
| Built year | 1952 | 0 |
| HOA | $0 | $0 |
| Days on market | 52 | 1260 |
Jun 13, 2026
$499,900
$525,000
-5% Price Drop
Initial Listing
Jun 1, 2026
$525,000
Initial Listing