1802 E MEADOWBROOK Avenue, Phoenix, AZ 85016, Phoenix, 85016 - 4 bed, 2 bath
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Phoenix, AZ 85016
This Spacious Mid-Century Residence is a Prime Investment Opportunity, listed at $599,000—positioned well below the $620,132 Fair Market Value by 3%. This valuation gap provides $21,132 in Instant Equity. Maintaining a Condition Rating of 3, the home features a recently updated bathroom, a versatile four-bedroom layout, and an expansive 10,002-square-foot corner lot with a covered patio. Located in the desirable Madison School District, it balances vintage charm with functional updates. This is an ideal acquisition for Owner-Occupants seeking a value-add home or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1802 E MEADOWBROOK Avenue Subject | $599,000* List Price | 4 | 2 | 2,040 | $304 | - |
A 1822 E MARSHALL Avenue Sold | $651,348 | 3 | 2 | 2,311 | $282 | 0.9 mi |
B 1822 E MARSHALL Avenue Sold | $651,348 | 3 | 2 | 2,311 | $282 | 0.9 mi |
C 1825 E MEDLOCK Drive Sold | $620,000 | 3 | 2 | 1,680 | $369 | 0.5 mi |
D 1817 E LUKE Avenue Sold | $509,900 List Price | 3 | 2 | 1,460 | 1.0 mi | |
E 2043 E Clarendon Avenue Sold | $710,000 | 4 | 3 | 1,939 | $366 | 1.0 mi |
F 2043 E CLARENDON Avenue Sold | $710,000 | 4 | 3 | 1,865 | $381 | 1.0 mi |
G 1614 E Roma Avenue Active | $545,000 List Price | 4 | 3 | 2,135 | $255 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and appears well-maintained despite its 1956 build date. It features a recently updated bathroom with modern finishes and a stylish shower enclosure. The kitchen is functional with ceiling-height cabinetry and updated stainless steel appliances. While some elements like the flooring and kitchen style are not brand new, the home shows minimal wear and tear and provides a clean, functional living space.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10002, living area = 2040.
Situated on a generous 10,002-square-foot corner lot, this property offers significant outdoor potential and privacy within a highly desirable midtown Phoenix neighborhood.
With 2,040 square feet and four bedrooms, including a flexible office space and a large family room, the home provides a functional floor plan that is rare for its era.
Built in 1956, the property may necessitate updates to major systems such as plumbing or electrical to meet modern standards and ensure long-term reliability.
While one bathroom has been stylishly updated, the second bathroom and other areas of the home may require further cosmetic investment to achieve a uniform, contemporary aesthetic.
This spacious, inviting home sits on a huge corner lot. Step inside to a bright living and dining area featuring a built-in hutch that adds timeless character. The kitchen offers ceiling-height cabinets and a nook perfect for casual dining, with a large laundry room nearby that includes a utility sink and excellent storage/pantry options. The family room overlooks the expansive backyard and covered patio, ready for creating an outdoor retreat. The home features four bedrooms, including a versatile bedroom/office just off the kitchen. One of the two bathrooms has been recently updated with modern finishes and a stylish shower enclosure. The large garage adds even more convenience, making this home a perfect blend of charm and functionality in a great midtown neighborhood.
No exterior & parking available.
Grades PK-4 • 0.3 mi
Grades 5-8 • 0.4 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 74% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,040 | 1,886.5 | 59% |
| Lot Size | 10,002 | 8,294 | 79% |
| Price | $599.0K | $595.0K | 51% |
| Price per sq ft | $294 | $353 | 39% |
| Built year | 1956 | 1955 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 81 | 1490 | 2% |
Feb 4, 2026
$599,000
Initial Listing