2502 E EDGEMONT Avenue, Phoenix, AZ 85008, Phoenix, 85008 - 4 bed, 2 bath
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Phoenix, AZ 85008
This 1947 residence represents a High-Potential Investment Opportunity, listed at a List Price of $558,000—positioned well above the $453,150 Fair Market Value by -23%. Featuring a Fair Condition Rating, the property requires significant cosmetic updates and system modernization. However, the 8,141 sqft lot and RV gate provide substantial utility in a prime central Phoenix location. This asset is best suited for Buy-and-Hold Investors or Contractors capable of executing a value-add renovation to align the property with modern market standards.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2502 E EDGEMONT Avenue Subject | $558,000* List Price | 4 | 2 | 1,646 | $275 | - |
A 2210 N 27TH Place Sold | $399,000 | 3 | 2 | 1,519 | $263 | 0.6 mi |
B 3043 E CYPRESS Street Active | $465,000 List Price | 4 | 2 | 1,598 | $291 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1947, the property is dated and shows signs of deferred maintenance. The exterior stucco appears unfinished or poorly patched, and the yard lacks landscaping. Interior images show older tile flooring and basic, dated bathroom fixtures likely exceeding 20 years in age. While functional, the home requires cosmetic updates and minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8141, living area = 1646.
The property boasts exceptional accessibility to Phoenix's most desirable hubs, including Biltmore, Arcadia, and Downtown, making it ideal for commuters and urban enthusiasts.
The inclusion of an RV gate on a spacious 8,141 sqft lot provides significant value for homeowners needing secure storage for recreational vehicles or additional parking.
Originally constructed in 1947, the home likely requires updates to major systems such as plumbing, electrical, and insulation to meet modern efficiency and safety standards.
At a list price of $558,000 without explicit mention of recent interior renovations, the property may face appraisal challenges or require additional buyer investment for cosmetic upgrades.
This 4-bedroom, 2-bath home offers a convenient central Phoenix location with easy access to Biltmore, Arcadia, Downtown Phoenix, Scottsdale, and Tempe. Nearby amenities include major hospitals, freeways, shopping, dining, and entertainment. The property also features an RV gate, providing additional parking or space for recreational vehicles. A great opportunity to own a home with convenient access to many of the area's destinations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,646 | - |
| Lot Size | 8,141 | - |
| Price | $558.0K | $495.4K |
| Price per sq ft | $339 | $290 |
| Built year | 1947 | 0 |
| HOA | $0 | $0 |
| Days on market | 20 | 1260 |
Jul 2, 2026
$558,000
Initial Listing