
Phoenix, AZ 85021
This Turnkey Santa Barbara-Inspired Residence represents a High-Potential Investment Opportunity, with a List Price of $1,840,000—positioned well below the $1,886,175 Fair Market Value by 2%. This valuation gap provides $46,175 in Instant Equity for a property boasting a Condition Rating of 2 following extensive high-end renovations. The home features a quartz waterfall kitchen, pebble-finish pool, and elite access to the Madison School District. This move-in-ready sanctuary is an ideal acquisition for Luxury Home Seekers or Owner-Occupants prioritizing lifestyle and immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 221 W MORTEN Avenue Subject | $1,840,000* List Price | 4 | 4 | 3,712 | $508 | - |
A 26 W MORTEN Avenue Sold | $1,525,000 | 3 | 3 | 2,823 | $540 | 0.1 mi |
B 222 W PALMAIRE Avenue Sold | $1,675,000 | 4 | 3 | 3,040 | $551 | 0.4 mi |
C 902 W STATE Avenue Sold | $1,420,000 | 4 | 4 | 2,954 | $481 | 0.5 mi |
D 7240 N 13th Lane Sold | $1,339,000 List Price | 5 | 4 | 3,488 | 0.8 mi | |
E 902 W State Avenue Sold | $1,420,000 | 4 | 3 | 2,609 | $544 | 0.5 mi |
F 640 W ECHO Lane Active | $1,399,999 List Price | 4 | 5 | 3,831 | $365 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1980, this property has undergone an extensive, high-end renovation within the last few years, bringing it to a turnkey, modern standard. The kitchen is fully updated with quartz waterfall countertops, premium dark cabinetry, and high-end integrated appliances. The interior features contemporary wood-look flooring, updated recessed and pendant lighting, and a sophisticated marble-clad fireplace. Bathrooms have been modernized with new vanities and stone surfaces. The overall quality of finishes and the Mediterranean-style outdoor retreat meet the criteria for a recently renovated, top-tier property.
Situated in the prestigious Madison Meadows community near the historic Murphy Bridle Path, offering elite access to Uptown Plaza and top-tier local dining.
Features a sophisticated Santa Barbara-inspired aesthetic with high-end quartz kitchen updates, tall ceilings, and abundant natural light throughout the spacious 3,712 sq. ft. layout.
The private Mediterranean-style retreat includes a pebble-finish pool, extended covered patio, and mature landscaping, providing a perfect environment for high-end entertaining.
While the elementary and middle schools are highly regarded, the assigned high school currently holds a significantly lower performance rating, which may be a concern for education-focused buyers.
Originally constructed in 1980, the home may require more frequent maintenance of core infrastructure and systems compared to newer luxury builds in the same price bracket.
Welcome to a turnkey 4 bedroom, 3.5 bathroom home in the highly sought-after Madison Meadows community, just off the historic Murphy Bridle Path in the heart of North Central Phoenix. Positioned on a quiet, non-through street, the home draws from Santa Barbara design with clean lines and modern updates, creating a comfortable and highly livable space in one of the area's most established neighborhoods. Natural light fills the interior, enhanced by tall ceilings and thoughtful window placement. The layout is open where you want it, with just enough separation to create defined living areas that function well day to day and when entertaining. The kitchen is updated with quartz countertops, high-end appliances, and a large island that anchors the space, designed for both daily use and effortless entertaining. The bedroom layout offers privacy and balance. The primary suite is spacious with dual walk-in closets, while secondary bedrooms are well-sized with hardwood flooring. Storage is abundant throughout, including an oversized two-car garage. Step outside to your own private Mediterranean-style retreat. The backyard is designed for both relaxation and entertaining, featuring a pebble-finish pool, extended covered patio, and multiple lounge areas surrounded by mature landscaping that creates a true sense of privacy. Located within the desirable Madison School District and just minutes from Uptown Plaza, top dining, sought-after private schools, and shopping, this is a rare opportunity to own a move-in ready home in one of North Central's most desirable neighborhoods.
No exterior & parking available.
Grades PK-4 • 1.0 mi
Grades 5-8 • 1.0 mi
Grades 9-12 • 3.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 54% |
| Baths | 4.0 | 2.0 | 85% |
| Square foot | 3,712 | 2,082 | 95% |
| Lot Size | 12,746 | 10,424 | 63% |
| Price | $1.84M | $384.0K | 98% |
| Price per sq ft | $496 | $272 | 93% |
| Built year | 1980 | 1959 | 83% |
| HOA | $275 | $0 | 96% |
| Days on market | 11 | 1403 | 1% |
Apr 14, 2026
$1,840,000
Initial Listing