2831 E OSBORN Road, Phoenix, AZ 85016, Phoenix, 85016 - 3 bed, 3 bath
Loading property details...
Phoenix, AZ 85016
This Spacious Mid-Century Residence is a Strong Value Opportunity, listed at $399,900—positioned well below the $442,032 Fair Market Value by 9%. This valuation gap provides $42,132 in Instant Equity. While maintaining a Condition Rating of 4, the home features a rare 3-bathroom configuration and High Available Lot Utilization on an 8,111 sqft lot with a private patio. Located in the prime 85016 zip code near Biltmore Fashion Park, it offers significant appreciation potential through cosmetic updates. This is an ideal acquisition for Owner-Occupants seeking a value-add home or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2831 E OSBORN Road Subject | $399,900* List Price | 3 | 3 | 1,855 | $238 | - |
A 2842 E CHEERY LYNN Road Sold | $455,000 | 3 | 2 | 1,672 | $272 | 0.2 mi |
B 2121 E OSBORN Road Sold | $475,000 List Price | 3 | 2 | 1,971 | 0.9 mi | |
C 4238 N 31st Street Sold | $349,900 List Price | 3 | 3 | 2,258 | 0.8 mi | |
D 3131 E MULBERRY Drive Sold | $299,000 List Price | 3 | 2 | 1,620 | 0.4 mi | |
E 3022 E TURNEY Avenue Sold | $389,900 List Price | 3 | 2 | 1,392 | 0.9 mi | |
F 3022 E TURNEY Avenue Sold | $325,000 List Price | 3 | 2 | 1,392 | 0.9 mi | |
G 2323 E MITCHELL Drive Pending | $399,900 List Price | 3 | 2 | 1,720 | $233 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1952 and, while functional and move-in ready, shows signs of being dated. The bathroom features a basic renovation that appears to be 15-20 years old (consistent with the 'Fair' criteria). The exterior and roof-mounted HVAC system suggest the home is well-maintained but will eventually require modernization of systems and cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8111, living area = 1855.
Situated in the highly sought-after 85016 zip code, the property offers exceptional proximity to Biltmore Fashion Park, Los Olivos Park, and major commuter routes, ensuring high demand.
Listed at under $400,000 for over 1,800 square feet, this home represents a significant value opportunity in a neighborhood where price-per-square-foot often trends much higher.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1855, other record living area = 2538.
Built in 1952, the property likely requires modernization of major systems such as plumbing, electrical, or HVAC to meet current efficiency and safety standards.
The home's location on Osborn Road, a major Phoenix thoroughfare, may result in increased street noise and traffic volume compared to homes situated deeper within the subdivision.
Charming Phoenix home in a desirable central location, offering a functional layout with comfortable living spaces ideal for everyday living and entertaining. This inviting property features bright living areas, a well-appointed kitchen with ample cabinetry, and versatile bedrooms that can accommodate family, guests, or a home office. The yard provides space to relax, entertain, or create your own outdoor retreat. Conveniently located near shopping and dining at Biltmore Fashion Park, outdoor recreation at Los Olivos Park, and close to top-rated schools, medical services, and major commuter routes, this home offers comfort, convenience, and an excellent Phoenix location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 57% |
| Square foot | 1,855 | 1,908 | 47% |
| Lot Size | 8,111 | 8,333 | 47% |
| Price | $399.9K | $595.0K | 36% |
| Price per sq ft | $216 | $359 | 32% |
| Built year | 1952 | 1955 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 1511 | 0% |
Apr 29, 2026
$399,900
Initial Listing