1946 E FAIRMOUNT Avenue, Phoenix, AZ 85016, Phoenix, 85016 - 3 bed, 2 bath
Loading property details...
Phoenix, AZ 85016
This Modernized Mid-Century Residence is a Strong Value Opportunity, listed at $500,000—positioned well below the $533,932 Fair Market Value by 6%. This valuation gap secures $33,932 in Instant Equity for the buyer. Boasting a Condition Rating of 3, the home features an updated kitchen with stone countertops, durable tile flooring, and a versatile den for flexible living. The expansive 7,906 sqft lot provides significant outdoor potential in a prime Phoenix corridor near the Biltmore area. This is an ideal acquisition for Owner-Occupants seeking a move-in-ready home or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1946 E FAIRMOUNT Avenue Subject | $500,000* List Price | 3 | 2 | 1,928 | $277 | - |
A 3202 N 21ST Street Sold | $495,000 | 3 | 2 | 1,696 | $292 | 0.5 mi |
B 3202 N 21ST Street Sold | $495,000 | 3 | 2 | 1,682 | $294 | 0.5 mi |
C 2237 E OSBORN Road Sold | $595,000 | 3 | 2 | 2,020 | $295 | 0.5 mi |
D 1811 E CAMPBELL Avenue Sold | $550,000 List Price | 3 | 2 | 1,652 | 0.6 mi | |
E 2121 E OSBORN Road Sold | $475,000 List Price | 3 | 2 | 1,971 | 0.5 mi | |
F 2240 E ROMA Avenue Sold | $480,000 List Price | 3 | 2 | 1,473 | 0.6 mi | |
G 3141 N 21ST Place Active | $524,750 List Price | 4 | 2 | 1,937 | $271 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant updates that blend its 1959 charm with modern functionality. The kitchen features stone countertops and updated cabinetry, and the home has durable tile flooring throughout. While some elements like the white appliances and oak-style cabinets are slightly dated, the overall condition is well-maintained with no immediate renovations required, fitting the criteria for a solid 'good' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7906, living area = 1928.
The inclusion of a dedicated den alongside three bedrooms offers excellent flexibility for a home office, hobby room, or additional living space to suit modern lifestyle needs.
The home has been thoughtfully renovated to blend mid-century charm with modern comforts, featuring updated interiors and a primary suite that ensure a turnkey experience for the buyer.
Originally built in 1959, the property may possess aging underlying systems such as plumbing or electrical that could require more frequent maintenance compared to newer builds.
The 1.75 bath layout, rather than two full bathrooms, may be a limitation for larger families or buyers seeking a more traditional dual-tub/shower setup.
Timeless charm meets modern comfort in this wonderful home! This updated 3 bed, 1.75 bath home with a versatile den offers style, functionality, and room to grow - all nestled in a quiet neighborhood in Phoenix. Renovated for comfort and everyday living, the home features a full bath in the primary bedroom and a layout that feels both inviting and practical. The den provides flexible space for a home office, hobby room, or additional living area. Refrigerator conveys, making move-in even easier. Situated on a generous 7,906 sq ft lot, the backyard offers endless possibilities - expand, garden, entertain, or create your dream outdoor oasis. Conveniently located near schools, shopping centers, and easy freeway access, this home blends peaceful living with everyday convenience!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,928 | 1,886.5 | 54% |
| Lot Size | 7,906 | 8,294 | 43% |
| Price | $500.0K | $595.0K | 43% |
| Price per sq ft | $259 | $353 | 32% |
| Built year | 1959 | 1955 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 1490 | 0% |
Feb 23, 2026
$500,000
Initial Listing