2315 N 42ND Street, Phoenix, AZ 85008, Phoenix, 85008 - 5 bed, 4 bath
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Phoenix, AZ 85008
This Newly Renovated Southern Farmhouse is a Strong Value Opportunity, listed at $1,669,999—positioned well below the $1,778,184 Fair Market Value by 6%. This valuation gap provides $108,185 in Instant Equity. Boasting a Condition Rating of 2, the residence features a chef's kitchen with a butler's pantry, vaulted ceilings, and a private pool with mountain views. Despite lower-rated local schools, the high-end finishes and 3,600 sq. ft. layout offer a premium lifestyle. It is an ideal acquisition for Owner-Occupants or Luxury-Seeking Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2315 N 42ND Street Subject | $1,649,900* List Price | 5 | 4 | 3,600 | $474 | - |
A 4048 E EDGEMONT Avenue Active | $1,799,000 List Price | 5 | 5 | 3,370 | $534 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1948, the property has undergone a complete, high-end renovation recently, effectively making it a new home. The interior features a chef's kitchen with custom cabinetry and a butler's pantry, spa-inspired bathrooms with designer finishes, vaulted ceilings with skylights, and brand-new flooring and fixtures throughout. All components meet current quality standards with no signs of deferred maintenance.
The newly completed Southern transitional farmhouse design features high-end designer finishes, vaulted ceilings, and a chef's kitchen with a butler's pantry, offering a turnkey luxury experience.
With over 3,600 sq. ft., five bedrooms, and a dedicated teen room or second living area, the split floor plan provides excellent privacy and functional space for large families.
Situated on a large corner lot, the property boasts a signature wraparound porch, a refreshed pool, and new landscaping, seamlessly blending indoor and outdoor spaces.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3600, other record living area = 3004.
The assigned public schools carry relatively low ratings (4/10 and 3/10), which may be a concern for families prioritizing top-tier educational performance at this price point.
While marketed as Southern Arcadia, the 85008 zip code is often perceived as less prestigious than the core 85018 Arcadia neighborhood, potentially impacting long-term value appreciation.
Experience the charm and character of Southern Arcadia in this newly completed 5+ bedroom, 4 bath residence offering over 3,600 sq. ft. of beautifully refined living space. Perfectly positioned on a large corner lot, this home captures timeless Southern appeal with its wraparound porch extending from the north side all the way to the garage on the south, gracing both the front and back of the home. Inside, vaulted ceilings highlight the main living areas and primary suite, while the split floor plan with a teen room or second living space creates the perfect setup for families. The chef's kitchen features a full butler's pantry and custom cabinetry, paired with designer selected finishes that reflect today's most timeless trends. Many rooms offer direct access to the covered porch, seamlessly blending indoor and outdoor living. The primary suite includes a spa-inspired bath and an impressive walk in closet. Outside, new landscaping and hardscaping surround the existing pool, complemented by two distinct yard areas including a fenced front yard ideal for kids or pets. The Southern transitional farmhouse design is both iconic and current, completed by a massive three car garage that has enough space for cars and toys. Truly one of Arcadia's most unique homes under $2 million
No exterior & parking available.
Grades PK-8 • 0.6 mi
Grades 9-12 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 94% |
| Baths | 4.0 | 2.0 | 94% |
| Square foot | 3,600 | 1,518.5 | 98% |
| Lot Size | 13,159 | 7,780 | 88% |
| Price | $1.65M | $380.0K | 99% |
| Price per sq ft | $458 | $252 | 92% |
| Built year | 1948 | 1954 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 1569 | 1% |
Apr 20, 2026
$1,649,900
$1,669,900
-1% Price Drop
Initial Listing
Apr 14, 2026
$1,669,900
$1,669,999
+0% Price Increase
Initial Listing
Mar 19, 2026
$1,669,999
Initial Listing