2308 E LAMAR Road, Phoenix, AZ 85016, Phoenix, 85016 - 3 bed, 2 bath
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Phoenix, AZ 85016
This Architecturally Unique Mid-Century Residence is a High-Potential Investment Opportunity, listed at $775,000—positioned well below the $913,153 Fair Market Value by 15%. This valuation gap provides $138,153 in Instant Equity. Boasting a Move-In Ready Condition, the home features a rare central atrium, a Pebble-Tec pool, and a new roof (2024). Located in the prestigious Madison School District with stunning Piestewa Peak views, it perfectly balances lifestyle luxury with significant financial upside. This is an ideal acquisition for Owner-Occupants seeking a value-buy or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2308 E LAMAR Road Subject | $775,000* List Price | 3 | 2 | 2,427 | $376 | - |
A 6802 N 26th Street Sold | $850,000 | 4 | 2 | 2,550 | $333 | 0.3 mi |
B 1917 E LAWRENCE Road Sold | $700,000 List Price | 4 | 3 | 2,402 | 0.4 mi | |
C 1631 E CLAREMONT Street Sold | $800,000 | 4 | 2 | 1,951 | $410 | 0.9 mi |
D 2234 E LAWRENCE Road Sold | $795,000 | 4 | 3 | 2,425 | $328 | 0.1 mi |
E 1917 E LAMAR Road Sold | $775,000 List Price | 5 | 4 | 2,519 | 0.4 mi | |
F 1915 E ROSE Lane Sold | $609,000 List Price | 3 | 2 | 1,964 | 0.8 mi | |
G 6628 N 19TH Street Active | $625,000 List Price | 3 | 2 | 1,526 | $410 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant recent capital improvements, including a new roof (2024), a new mini-split system (2025), and a modern kitchen remodel (2018). While the home dates to 1966, it has been meticulously maintained with fresh interior paint and updated tile flooring, though some areas like the secondary bedrooms retain a more dated tile style. The major systems are well within their expected lifespan, and the unique architectural features like the atrium and wood-beamed ceilings are in excellent repair.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10406, living area = 2427.
The property features significant recent investments including a new roof (2024), a new mini-split system (2025), and a 2018 kitchen remodel, offering peace of mind and reduced immediate maintenance costs.
A rare livable atrium at the heart of the home combined with soaring pitched ceilings creates a light-filled, sophisticated mid-century aesthetic that distinguishes it from standard floor plans.
While the elementary schools are well-rated, the assigned high school has a rating of 3, which may be a concern for families prioritizing top-tier secondary education.
Despite modern cosmetic updates and a new roof, the 1966 block construction may still feature older underlying plumbing or electrical systems typical of its era.
Nestled in the desirable Lincoln Drive Estates, this well cared for home offers a rare combination of character, thoughtful updates, and an exceptional central Phoenix location. Owned by the same family since 2003, the residence reflects years of pride in ownership and timeless appeal. Built with durable block construction, the home provides 2,366 square feet of comfortable living space with 3 generously sized bedrooms and 2 bathrooms. The standout feature is the unique, livable atrium at the heart of the home, creating a light-filled, indoor-outdoor feel you won't find in typical floor plans. Soaring pitched ceilings add architectural interest throughout, while the living room fireplace and formal dining area create inviting spaces for everyday living and entertaining. The kitchen was thoughtfully remodeled in 2018 with a modern touch, complementing the home's classic style. Recent improvements include new tile flooring and fresh interior paint. Step outside to a private backyard retreat featuring a sparkling, pebble-tec pool with a tranquil waterfall, perfect for relaxing or entertaining while enjoying breathtaking views of Piestewa Peak. Other impressive upgrades include a new roof in 2024 and efficient mini-split in 2025. All of this in a prime location close to some of Phoenix's best dining, shopping, and outdoor recreation.
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades 5-8 • 1.5 mi
Grades 9-12 • 2.3 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 | 2,427 | 1,886.5 | 75% |
| Lot Size | 10,406 | 8,294 | 81% |
| Price | $775.0K | $595.0K | 69% |
| Price per sq ft | $319 | $353 | 42% |
| Built year | 1966 | 1955 | 66% |
| HOA | $0 | $0 | 50% |
| Days on market | 73 | 1490 | 2% |
Feb 12, 2026
$775,000
Initial Listing