2507 E DEVONSHIRE Avenue, Phoenix, AZ 85016, Phoenix, 85016 - 4 bed, 4 bath
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Phoenix, AZ 85016
This Turnkey Single Family Residence is a Prime Investment Opportunity, listed at $940,000—positioned well below the $963,744 Fair Market Value by 2%. This valuation gap offers $23,744 in Instant Equity. Featuring a Mint Condition Rating, the home includes a newly added casita and a modernized kitchen. While school ratings are modest, the property’s versatility and move-in ready status provide significant lifestyle value. This is an ideal acquisition for Owner-Occupants seeking a flexible living space or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2507 E DEVONSHIRE Avenue Subject | $940,000* List Price | 4 | 4 | 2,339 | $412 | - |
A 2935 E Mulberry Drive Sold | $1,075,000 | 3 | 3 | 2,343 | $459 | 0.9 mi |
B 2532 E PIERSON Street Sold | $830,000 | 3 | 2 | 2,011 | $413 | 0.8 mi |
C 4232 N 19TH Place Sold | $887,000 | 3 | 3 | 2,430 | $365 | 0.7 mi |
D 3001 E TURNEY Avenue Sold | $810,000 | 3 | 2 | 1,654 | $490 | 0.7 mi |
E 2525 E PIERSON Street Sold | $900,000 | 3 | 3 | 1,949 | $462 | 0.7 mi |
F 4642 N 31ST Street Sold | $895,000 List Price | 2 | 3 | 2,040 | 0.9 mi | |
G 3408 N 25TH Street Sold | $975,000 | 3 | 3 | 2,137 | $456 | 0.6 mi |
H 3408 N 25TH Street Sold | $975,000 | 3 | 3 | 2,137 | $456 | 0.6 mi |
I 2539 E CAMPBELL Avenue Active | $775,000 List Price | 3 | 2 | 2,334 | $332 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1950, the property has undergone a full modern remodel within the last 5 years. It features a brand-new kitchen with contemporary cabinetry and appliances, updated bathrooms with modern fixtures, new flooring, and a newly added casita, placing it in mint, move-in ready condition.
The newly added casita provides valuable flexible space for multigenerational living, a private home office, or a potential rental income stream, significantly increasing the property's utility.
Fully updated with stylish finishes, brand-new appliances, and an open floor plan, this move-in-ready home features a luxurious primary retreat with a private fireplace and ensuite bath.
Situated in the highly desirable 85016 zip code with easy freeway access and no restrictive association fees, offering homeowners both convenience and financial freedom.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2339, other record living area = 2019.
The assigned public schools carry lower ratings (3 to 4 out of 10), which may be a drawback for families prioritizing high-performing educational districts.
Originally built in 1950, the property is priced at a premium for the neighborhood, which may lead to appraisal challenges or competition from newer construction in nearby areas.
Fully remodeled and move-in ready, this beautiful home features an open floor plan with oversized rooms and stylish modern finishes throughout. The spacious living room and private primary suite each offer a cozy fireplace, while the primary retreat also includes a walk-in closet and ensuite bath with a private water closet. The updated kitchen boasts brand-new appliances, abundant cabinetry, and a large pantry for exceptional storage. A newly added casita provides flexible space for guests, multigenerational living, a home office, or potential rental income. Step outside to a large backyard with a pergola, perfect for entertaining or relaxing. Conveniently located with easy access to freeways, shopping, dining, and entertainment, this home offers the perfect combination of comfort, style,
No exterior & parking available.
Grades PK-4 • 0.8 mi
Grades 5-8 • 1.3 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,339 | - |
| Lot Size | 8,381 | - |
| Price | $940.0K | $495.4K |
| Price per sq ft | $402 | $290 |
| Built year | 1950 | 0 |
| HOA | $0 | $0 |
| Days on market | 2 | 1260 |
Jul 21, 2026
$940,000
Initial Listing