2032 E CHEERY LYNN Road, Phoenix, AZ 85016, Phoenix, 85016 - 3 bed, 2 bath
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Phoenix, AZ 85016
This Modernized Mid-Century Residence is a Prime Investment Opportunity, listed at $575,000—positioned well below the $596,574 Fair Market Value by 3%. This valuation gap provides $21,574 in Instant Equity. Boasting a Mint Condition Rating, the home features a Granite Kitchen and a premium Outdoor Oasis with a Diving Pool and Artificial Turf. Despite lower school ratings, the high lot utilization and proximity to the Biltmore corridor ensure strong market demand. This is an ideal acquisition for Owner-Occupants or lifestyle-driven buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2032 E CHEERY LYNN Road Subject | $575,000* List Price | 3 | 2 | 1,608 | $371 | - |
A 2243 E MULBERRY Drive Sold | $600,000 List Price | 3 | 2 | 1,545 | 0.3 mi | |
B 2022 E MULBERRY Drive Sold | $410,000 | 3 | 2 | 1,556 | $263 | 0.2 mi |
C 3324 N 25TH Street Sold | $675,000 | 3 | 2 | 1,872 | $361 | 0.5 mi |
D 3324 N 25TH Street Sold | $675,000 | 3 | 2 | 1,872 | $361 | 0.5 mi |
E 2201 E WELDON Avenue Sold | $590,000 | 4 | 2 | 1,662 | $355 | 0.4 mi |
F 3202 N 21ST Street Sold | $495,000 | 3 | 2 | 1,682 | $294 | 0.1 mi |
G 2030 E WHITTON Avenue Active Under Contract | $575,000 List Price | 3 | 2 | 1,474 | $390 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1956, the property has undergone a comprehensive renovation within the last 5 years. The kitchen is fully modernized with white shaker cabinets, granite countertops, and stainless steel appliances. The home features consistent wood-plank tile flooring, updated bathrooms with contemporary glass enclosures, and a well-maintained exterior with artificial turf and a clean diving pool, meeting the criteria for mint condition and move-in readiness.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9814, living area = 1608.
The property features a premium backyard setup including a diving pool, artificial turf, two covered patios, and an RV gate, providing a high-value, low-maintenance space for Arizona living.
The home boasts significant updates including wood plank tile flooring throughout, a spacious kitchen with granite countertops and gas cooking, and a master suite with a walk-in closet.
The assigned public schools have relatively low ratings, with the local elementary school rated at a 2, which may be a concern for families prioritizing educational performance.
Built in 1956, the property may require more frequent maintenance of aging systems and infrastructure compared to newer constructions, despite the aesthetic interior updates.
Beautifully Updated 3bd, 2ba Home in the Heart of Phoenix. Spacious Kitchen with Gorgeous Granite Counters, Mini Breakfast Bar, Eat in Kitchen, Gas Range and Gas Stove Top. Wood Plank Tile Throughout. Living Room and Family Room with Fire Place. Main BDRM with En suite Bath and Walk-In Closet, Extra Large Closets in 2nd & 3rd BDRMS. Outdoor Paradise: Low Maintenance Front and Back yards, Diving Pool, Artificial Turf Back Yard, Two Covered Patios, RV Gate, Lovely Entertainment Area, Chiminea & Adorable Children's Playhouse. Wonderful Gourmet Eateries and Restaurants Nearby, Minutes from the Phoenix Theater, Town & Country Plaza, Arizona Center Shopping Plaza, Phoenix Suns & AZ Diamondbacks.
No exterior & parking available.
Grades PK-8 • 0.5 mi
Grades 9-12 • 1.3 mi
Grades 9-12 • 1.6 mi
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 | 1,608 | 1,875 | 30% |
| Lot Size | 9,814 | 8,294 | 78% |
| Price | $575.0K | $595.0K | 48% |
| Price per sq ft | $358 | $354 | 51% |
| Built year | 1956 | 1955 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 1490 | 0% |
Apr 18, 2026
$575,000
Initial Listing