2514 E TURNEY Avenue, Phoenix, AZ 85016, Phoenix, 85016 - 3 bed, 2 bath
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Phoenix, AZ 85016
This Block-Construction Value-Add Asset is listed at $550,000, offering a rare opportunity in the prestigious Biltmore/Arcadia Lite area. While the price sits above the $512,721 Fair Market Value, the property’s potential is anchored by its 8,464 sqft lot and North/South Exposure. Currently holding a Condition Rating of 5, the "AS-IS" residence requires a full renovation to meet modern standards. Located near Top-Rated Madison Schools and featuring a Patio, this project is perfectly suited for Fix-and-Flip Investors or Contractors seeking a high-appreciation project in a premier Phoenix pocket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2514 E TURNEY Avenue Subject | $550,000* List Price | 3 | 2 | 1,302 | $394 | - |
A 2513 E TURNEY Avenue Sold | $460,000 | 3 | 2 | 1,302 | $353 | 0.0 mi |
B 2324 E HEATHERBRAE Drive Sold | $650,000 | 2 | 1 | 1,445 | $450 | 0.3 mi |
C 4741 N 24TH Street N Sold | $425,000 | 3 | 2 | 1,325 | $321 | 0.5 mi |
D 2439 E MINNEZONA Avenue Sold | $600,000 | 4 | 2 | 1,450 | $414 | 0.2 mi |
E 2043 E CLARENDON Avenue Sold | $710,000 | 4 | 2 | 1,813 | $392 | 0.9 mi |
F 3001 E CAMPBELL Avenue Sold | $500,000 | 2 | 1 | 976 | $512 | 0.6 mi |
G 4200 N 19TH Street Active Under Contract | $400,000 List Price | 2 | 1 | 980 | $408 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1948 (76 years old) with no evidence of recent renovations. The property is marketed specifically to investors as an 'AS-IS' sale requiring a 'full remodel,' suggesting that the kitchen, bathrooms, and major systems are likely at the end of their functional life and require significant rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8464, living area = 1302.
Situated in the highly desirable Biltmore/Arcadia Lite area, the property offers exceptional proximity to upscale dining, shopping, and major freeway access in a high-appreciation pocket.
The 8,464+ sqft lot with preferred north/south exposure provides significant space for expansion, outdoor living enhancements, or a complete custom rebuild.
The property is being sold in as-is condition, requiring a full remodel or significant renovation which necessitates immediate additional capital investment.
Built in 1948, the home likely features original systems and a vintage layout that may require costly updates to meet modern standards and building codes.
Incredible opportunity in the highly sought-after Biltmore/Arcadia Lite area! This 3 bedroom, 2 bathroom block construction home sits on a spacious 8,400+ sqft lot with north/south exposure, offering endless potential for investors, remodelers, or buyers looking to create their dream home. Located in one of Phoenix's most desirable central neighborhoods, just minutes from top dining, shopping, and freeway access, this property is all about location and upside. The home is being sold AS-IS and is ready for your vision -- whether that's a full remodel, light renovation, or long-term hold. Opportunities like this, with lot size, location, and potential, don't come around often in this price point. Don't miss your chance to invest in one of Phoenix's strongest appreciating pockets!
No exterior & parking available.
Grades PK-4 • 0.6 mi
Grades 5-8 • 1.3 mi
Grades 9-12 • 0.4 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 | 1,302 | 1,908 | 12% |
| Lot Size | 8,464 | 8,350 | 54% |
| Price | $550.0K | $595.0K | 44% |
| Price per sq ft | $422 | $361 | 66% |
| Built year | 1948 | 1955 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 1511 | 0% |
Apr 28, 2026
$550,000
Initial Listing