1930 E ROVEY Avenue, Phoenix, AZ 85016, Phoenix, 85016 - 5 bed, 4 bath
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Phoenix, AZ 85016
This Renovated Luxury Estate represents a High-Potential Investment Opportunity, listed at $1,695,000—positioned well below the $2,298,266 Fair Market Value by 26%. This significant valuation gap provides $603,266 in Instant Equity. Boasting a High-End Condition Rating, the home features a chef’s kitchen, dual primary suites, and mountain views. The seamless indoor-outdoor integration and large 13,970 sqft lot offer premium lifestyle appeal near the Biltmore corridor. This is an elite acquisition for Owner-Occupants or Luxury Buy-and-Hold Investors seeking immediate appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1930 E ROVEY Avenue Subject | $1,625,000* List Price | 5 | 4 | 3,271 | $497 | - |
A 2423 E MARSHALL Avenue Sold | $1,750,000 | 4 | 4 | 3,637 | $481 | 0.9 mi |
B 2108 E SAN JUAN Avenue Sold | $1,420,000 | 4 | 3 | 2,700 | $526 | 0.5 mi |
C 2539 E MARSHALL Avenue Sold | $1,289,000 List Price | 4 | 3 | 3,198 | 0.9 mi | |
D 2108 E SAN JUAN Avenue Sold | $1,420,000 | 4 | 3 | 2,700 | $526 | 0.5 mi |
E 2140 E SOLANO Drive Active Under Contract | $1,695,000 List Price | 4 | 3 | 3,296 | $514 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1960, this property has undergone a comprehensive, high-end renovation within the last 5 years, bringing it to current luxury standards. The interior features a modern chef's kitchen with quartz countertops and professional-grade stainless steel appliances, lavishly updated bathrooms with freestanding tubs and contemporary tile work, and wood-look tile flooring throughout. The addition of vaulted ceilings, recessed lighting, and multi-sliding glass doors for indoor-outdoor living indicates a full-scale modernization of all major aesthetic and functional components.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13970, living area = 3271.
The home features multi-sliding glass doors that seamlessly connect the massive great room to an expansive backyard equipped with a gazebo and fire pit, perfect for the Arizona lifestyle.
With two full primary suites including a grand owner's retreat with direct outdoor access, the floor plan offers exceptional flexibility for multi-generational living or high-end guest accommodations.
The assigned high school carries a lower rating (4/10), which may be a point of concern for families prioritizing top-tier educational performance in this price bracket.
Originally constructed in 1960, the property may require more diligent maintenance of underlying systems compared to a contemporary build, despite the extensive cosmetic and functional renovations.
Wow! Prepare to fall in love with this jaw-dropping estate that harmoniously blends elegance, comfort, and style. Boasting beautiful mountain views, a 2-car side-entry garage, and lovely curb appeal, this home invites you into a world of sophistication. Captivating interior showcases clean lines, high-end finishes, tall vaulted ceilings, wood-look tile flooring, recessed lighting, and abundant natural light. Enjoy the large living & dining room, along with the HUGE great room enhanced by multi-sliding glass doors that create an effortless indoor-outdoor living experience. Chef's kitchen shines with top-of-the-range stainless steel appliances, plenty of cabinets, quartz counters, and a center island with a breakfast bar. Additionally, this gem includes 2nd main bedroom with its own bathroom Grand owner's retreat won't disappoint, complete with direct outdoor access, a lavish ensuite with a garden tub, and a sizable walk-in closet. Let's not forget about the expansive backyard, which provides paver seating areas, a gazebo, and a fire pit. Start living your dream in this remarkable abode!
No exterior & parking available.
Grades 5-8 • 0.6 mi
Grades PK-4 • 1.1 mi
Grades 9-12 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 3,271 | - |
| Lot Size | 13,970 | - |
| Price | $1.62M | $495.4K |
| Price per sq ft | $497 | $290 |
| Built year | 1960 | 0 |
| HOA | $0 | $0 |
| Days on market | 131 | 1260 |
May 19, 2026
$1,625,000
$1,695,000
-4% Price Drop
Initial Listing
Mar 14, 2026
$1,695,000
Initial Listing