2517 E NOVAK Way, Phoenix, AZ 85042, Phoenix, 85042 - 4 bed, 4 bath
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Phoenix, AZ 85042
This Modern Resort-Style Residence is a High-Potential Investment Opportunity, listed at $799,900—positioned well below the $836,348 Fair Market Value by 4%. This valuation gap provides $36,448 in Instant Equity for buyers. Boasting an Excellent Condition Rating, the 2019 build features engineered hardwood floors, a sparkling pool with jacuzzi, and mountain views. The unique climate-controlled 3-car garage with 220V power adds significant functional value. This is an exceptional acquisition for Owner-Occupants or Lifestyle-Focused Buyers seeking luxury with immediate financial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2517 E NOVAK Way Subject | $775,000* List Price | 4 | 4 | 3,164 | $245 | - |
A 2513 E PLEASANT Lane Sold | $770,000 | 4 | 4 | 3,184 | $242 | 0.1 mi |
B 2513 E PLEASANT Lane Sold | $770,000 | 4 | 4 | 3,184 | $242 | 0.1 mi |
C 2523 E NANCY Lane Sold | $585,000 | 3 | 3 | 2,321 | $252 | 0.1 mi |
D 2633 E FREMONT Road Sold | $616,000 | 4 | 2 | 2,144 | $287 | 0.6 mi |
E 2633 E FREMONT Road Sold | $616,000 | 4 | 2 | 2,144 | $287 | 0.6 mi |
F 2633 E FREMONT Road Sold | $616,000 | 4 | 2 | 2,144 | $287 | 0.6 mi |
G 2525 E PLEASANT Lane Active | $800,000 List Price | 5 | 4 | 3,184 | $251 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2019, this property is well within the 10-year threshold for an excellent rating. It features high-end, modern finishes including porcelain tile and engineered hardwood flooring with no carpet. The kitchen and bar areas are equipped with contemporary cabinetry and appliances, and the home includes premium upgrades like a whole-home water filtration system and a climate-controlled garage, showing no signs of deferred maintenance.
Built in 2019, this move-in ready home features high-end finishes including engineered hardwood and porcelain tile flooring with no carpet, a whole-home water filtration system, and smart home technology.
The property offers a private backyard retreat on a premium cul-de-sac lot, featuring a sparkling pool, jacuzzi, and mountain views, all enhanced by ideal north/south exposure.
The 3-car garage is exceptionally equipped for enthusiasts with a dedicated A/C mini-split system, 220V power, utility sink, and professional epoxy flooring.
The local public schools assigned to this address currently have lower to average ratings (ranging from 3 to 5), which may be a drawback for families prioritizing top-tier educational performance.
Situated in the gated Arbors community, the property requires a monthly association fee of $170, adding to the fixed monthly cost of ownership.
Welcome to this beautifully upgraded, resort-style home in the gated Arbors community in the heart of Phoenix. Situated on a premium cul-de-sac lot with ideal north/south exposure, this home offers 4 bedrooms, 3.5 bathrooms, plus a dedicated office. Upgrades shine throughout, including engineered hardwood floors upstairs and porcelain tile downstairs--no carpet! The open layout flows to a stunning backyard retreat featuring a sparkling pool and relaxing jacuzzi, perfect for entertaining. Highlights include a 3-car garage with expanded driveway and a fully equipped hobbyist setup with A/C mini-split, 220V outlet, sink, and epoxy floors. Move-in ready with luxury upgrades throughout! including a whole-home water softener and carbon filtration system, smart locks, high-end finishes
No exterior & parking available.
Grades PK-5 • 2.4 mi
Grades K-5 • 4.8 mi
Grades K-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 62% |
| Baths | 4.0 | 2.0 | 86% |
| Square foot | 3,164 | 1,870 | 91% |
| Lot Size | 8,100 | 7,200 | 62% |
| Price | $775.0K | $399.0K | 93% |
| Price per sq ft | $245 | $228 | 59% |
| Built year | 2019 | 2001 | 90% |
| HOA | $170 | $96 | 82% |
| Days on market | 80 | 1443 | 1% |
Apr 30, 2026
$775,000
$784,900
-1% Price Drop
Initial Listing
Apr 23, 2026
$784,900
$789,900
-1% Price Drop
Initial Listing
Apr 11, 2026
$789,900
$799,900
-1% Price Drop
Initial Listing
Mar 27, 2026
$799,900
Initial Listing