
Phoenix, AZ 85016
This Dual-Dwelling Modern Ranch is a Strong Value Opportunity, listed at $729,900—positioned well below the $792,154 Fair Market Value by 7%. This valuation gap offers $62,254 in Instant Equity. Boasting a Condition Rating of 2, the property includes a main home and a 997 sq ft luxury suite featuring travertine tile and granite countertops. Despite lower Loma Linda Elementary ratings, the Biltmore Corridor location and Camelback Mountain views provide significant lifestyle appeal. This is an ideal match for Owner-Occupants seeking rental income or Multi-generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2326 E MULBERRY Drive Subject | $699,000* List Price | 3 | 3 | 2,725 | $257 | - |
A 2202 E OSBORN Road Sold | $605,000 | 4 | 3 | 2,062 | $293 | 0.2 mi |
B 3202 N 21ST Street Sold | $495,000 | 3 | 2 | 1,682 | $294 | 0.3 mi |
C 2237 E Osborn Road Sold | $595,000 | 3 | 2 | 2,066 | $288 | 0.1 mi |
D 2237 E OSBORN Road Sold | $595,000 | 3 | 2 | 2,066 | $288 | 0.1 mi |
E 2237 E OSBORN Road Sold | $595,000 | 3 | 2 | 2,020 | $295 | 0.1 mi |
F 2511 E PINCHOT Avenue Sold | $560,000 | 3 | 3 | 1,717 | $326 | 0.4 mi |
G 3038 E AVALON Drive Active Under Contract | $659,999 List Price | 4 | 3 | 2,819 | $234 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1957, the property has undergone extensive recent renovations and includes a recently completed luxury executive suite. The home features high-end finishes such as travertine and wood-plank tile flooring, gourmet kitchens with granite countertops and hardwood cabinetry, updated bathrooms with a snail shower and jetted tub, and modern split AC systems. The overall quality of the interior and exterior upgrades, including the Brazilian Walnut deck and new block fencing, indicates the property is in like-new condition with no deferred maintenance.
The property features a main residence and a separate, high-end 997 sq ft luxury suite with private access, making it ideal for rental income or multi-generational living.
Situated near the Biltmore Corridor, the home offers exceptional proximity to Sky Harbor Airport, Downtown Phoenix, and Old Town Scottsdale with easy freeway access.
Extensive upgrades include travertine tile, gourmet kitchens with granite countertops, a Brazilian Walnut deck, and a luxury master bath with a snail shower and jetted tub.
The local public schools, Loma Linda Elementary and Camelback High, have low performance ratings of 2 and 3 respectively, which may deter families.
Although a roof deck is installed to overlook Camelback Mountain, it currently lacks the necessary spiral staircase for access, requiring additional buyer investment.
Location Location, Location. This incredible multi family or income producing home is located in a quiet neighborhood just off the Biltmore Corridor. It's located in the center of the Phoenix metropolitan area and close to everything. Only Minutes to Sky Harbor Airport, Downtown Phoenix, Old Town Scottsdale and easy freeway access to all points in the Valley. On one side of the home, you have private access to a recently completed executive style Luxury 1 Br ,1 Ba 997 sq ft residence which could be used as an in law suite for multigenerational living or as a guest casita. Highly Upgraded with an extensive use of Travertine tile throughout. Expansive open concept living area includes a Gourmet kitchen with a center island, granite countertops, a gas cooking stove, designer sink and beautiful hardwood cabinets. Kitchen over looks a living area with a cozy built in low profile gas fireplace with a hardwood mantle. The oversized bedroom flows into the Bath area with a elegant walk in snail shower and jetted tub. There is a large walk in closet that includes a washer and Dryer. The area is cooled and heated with split AC system in all rooms. Relax outside on the back patio area on the Brazilian Walnut Deck. A roof deck was installed to overlook Camelback mountain and awaits the spiral staircase for easy access. On the other side you have a beautifully renovated 1,728 square-foot ranch style mid century home with 2 bedrooms and 2 baths and a large den or 3rd BR area with a gas Fireplace. Wood plank style tile throughout the home, a fully remodeled kitchen with granite countertops and a gas stove. Both bathrooms were remodeled and include travertine tile. The front yard is desert landscape and the back has a new block fence with a sliding RV gate, shade trees, and a barbecue sitting area.
No exterior & parking available.
Grades PK-8 • 0.5 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 58% |
| Square foot | 2,725 | 1,886.5 | 81% |
| Lot Size | 8,067 | 8,294 | 47% |
| Price | $699.0K | $595.0K | 64% |
| Price per sq ft | $257 | $353 | 32% |
| Built year | 1957 | 1955 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 1490 | 2% |
Apr 17, 2026
$699,000
$729,900
-4% Price Drop
Initial Listing
Feb 6, 2026
$729,900
Initial Listing