
Phoenix, AZ 85016
This Historic Adobe Residence is a Strong Value Opportunity, listed at $759,000—positioned well above the $689,185 Fair Market Value by -10%. Featuring a Good Condition Rating, this 1937 home blends vintage elegance with modern electrical and plumbing updates. The expansive 9,424 sq.ft. lot includes a She Shed and ADU potential, offering significant utility. While the bedroom count is limited, the unique architectural character and modernized infrastructure provide a stable, high-quality living environment. This property is an ideal acquisition for Owner-Occupants seeking historic charm or creative professionals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2734 E FLOWER Street Subject | $759,000* List Price | 2 | 2 | 1,944 | $355 | - |
A 2730 E Flower Street Street Sold | $575,000 | 3 | 1 | 1,645 | $350 | 0.0 mi |
B 3324 N 25TH Street Sold | $675,000 | 3 | 2 | 1,872 | $361 | 0.3 mi |
C 3324 N 25TH Street Sold | $675,000 | 3 | 2 | 1,872 | $361 | 0.3 mi |
D 2941 E Cheery Lynn Road Sold | $688,000 | 3 | 2 | 1,558 | $442 | 0.3 mi |
E 2032 E CHEERY LYNN Road Sold | $568,345 | 3 | 2 | 1,608 | $353 | 0.9 mi |
F 2444 E FLOWER Street Sold | $685,000 | 3 | 2 | 1,900 | $361 | 0.4 mi |
G 4238 N 31ST Street Sold | $650,000 List Price | 3 | 3 | 2,374 | 0.9 mi | |
H 2444 E FLOWER Street Sold | $685,000 | 3 | 2 | 1,800 | $381 | 0.4 mi |
I 3241 N 27th Place Active | $719,988 List Price | 4 | 2 | 2,003 | $359 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1937, the property underwent a significant renovation in 2009 (15 years ago). The description and images confirm updated electrical and plumbing systems, along with a modern primary bathroom featuring a soaking tub and walk-in shower. The interior is well-maintained and move-in ready, fitting the 5-15 year renovation criteria for a 'Good' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9424, living area = 1944.
This rare 1937 adobe home, built under the Subsistence Homestead Act, features authentic vintage elegance with exposed beams, custom Mexican floors, and thick plastered walls that offer a unique character and aesthetic appeal.
The property seamlessly blends historic preservation with modern convenience, featuring updated electrical and plumbing systems, a 2009 expansion, and a luxurious primary bathroom with a soaking tub and walk-in shower.
Despite having nearly 2,000 square feet of living space, the home only offers two formal bedrooms, which may limit its appeal to larger families or buyers requiring more traditional sleeping quarters.
As a historic adobe structure nearly a century old, the property may require more specialized and frequent maintenance compared to modern construction to preserve its unique materials and structural integrity.
This beautiful adobe home was built in 1937 under the Subsistence Homestead Act during the Depression. The historical neighborhood jewel is tucked comfortably in a pocket of large irrigated trees which line the streets of the neighborhood. This preserved home underwent an expansion in the 1970's, and in 2009 bringing it to 1944 sq.ft. The main bedroom has a grand bathroom with a walk-in shower and large soaking tub. Two plus bedrooms include an office with a wall bed. Ceilings with gorgeous exposed beams, custom Mexican floors and thick, plastered walls create an atmosphere of vintage elegance, complemented by all modern conveniences. Electrical and plumbing have been updated for comfort and efficiency, Enjoy a lush yard with a She Shed and container for storage or a future ADU.
No exterior & parking available.
Grades K-8 • 0.2 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,944 | - |
| Lot Size | 9,424 | - |
| Price | $759.0K | $495.4K |
| Price per sq ft | $390 | $290 |
| Built year | 1937 | 0 |
| HOA | $0 | $0 |
| Days on market | 31 | 1260 |
Jun 22, 2026
$759,000
Initial Listing