
Phoenix, AZ 85008
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $724,900—positioned well below the $706,595 Fair Market Value by -2%. Featuring a Condition Rating of 2, the home boasts over $100,000 in recent upgrades, including a new HVAC, roof, and electrical panel. The 11,191 SF corner lot offers stunning Camelback Mountain views and seamless indoor-outdoor living via a 10-foot accordion door. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a modern, move-in ready home in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2528 N 48TH Place N Subject | $724,900* List Price | 3 | 2 | 1,936 | $365 | - |
A 4607 E EDGEMONT Avenue Sold | $715,000 | 4 | 3 | 2,126 | $336 | 0.4 mi |
B 5242 E Cambridge Avenue Sold | $815,000 | 4 | 3 | 2,211 | $369 | 0.6 mi |
C 4108 E Edgemont Avenue Sold | $600,000 | 3 | 2 | 1,740 | $345 | 0.9 mi |
D 4645 E CAMBRIDGE Avenue Active | $799,999 List Price | 3 | 2 | 1,776 | $450 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive renovation within the last 5 years, featuring a modern kitchen with custom cabinetry and high-end appliances, along with fully updated bathrooms. All critical systems are nearly new, including the HVAC (2 years), roof (4 years), water heater (1 year), and a new 200-amp electrical panel, requiring no immediate maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11191, living area = 1936.
With over $100,000 in recent renovations, the property features updated major systems including a new sewer line, 200-amp electrical panel, and a newer roof and HVAC, significantly reducing immediate maintenance concerns for buyers.
The oversized 11,191 SF corner lot offers rare Camelback Mountain views and ample space for future additions like a pool or outdoor kitchen, situated in the highly desirable Arcadia Osborn Adjacent neighborhood.
The property has been on the market for 45 days and has already undergone a price reduction from $749,000, suggesting potential pricing resistance or a mismatch with current buyer expectations in the area.
Despite the extensive interior renovations, the 1957 original construction may still possess architectural or structural characteristics, such as standard ceiling heights, that contrast with the ultra-modern luxury homes nearby.
You're getting a rare combination here: an oversized 11,191 SF corner lot with Camelback Mountain views, tucked in an established neighborhood just down the street from multi million dollar homes. And this isn't a home that needs work, over $100,000 has already gone into a full renovation, with major systems all recently updated: new sewer line, new 200 amp electrical panel, a roof that's 4 years old, HVAC at 2 years, and a water heater installed just last year. Inside, the layout was reworked for how people actually want to live. A 10 foot accordion door and brand new rear windows flood the space with light and open the living area straight out to the backyard and covered patio, so indoor outdoor living feels effortless, whether you're entertaining or just want a quiet night in. The kitchen anchors the home with custom cabinetry, Samsung appliances, a farmhouse sink, LED lighting, and an oversized 4x8 island that's made for gathering. Both bathrooms were completely redone too, with walk in showers, new tile, updated vanities, and a freestanding tub. Outside, you've got a large irrigated grass yard front and back, plenty of room to add a pool, outdoor kitchen, garden, or just spread out. And then there's the location. You're minutes from Arcadia favorites, Old Town Scottsdale, Scottsdale Fashion Square, The Global Ambassador, canal paths, and all the restaurants, coffee shops, and nightlife that come with it, all while staying tucked into a neighborhood that feels settled and established. This one feels comfortable the second you walk in. Everything about it just makes sense.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,936 | - |
| Lot Size | 11,191 | - |
| Price | $724.9K | $495.4K |
| Price per sq ft | $374 | $290 |
| Built year | 1957 | 0 |
| HOA | $0 | $0 |
| Days on market | 49 | 1260 |
Jul 17, 2026
$724,900
$749,000
-3% Price Drop
Initial Listing
Jun 3, 2026
$749,000
Initial Listing