3109 N 47TH Place, Phoenix, AZ 85018, Phoenix, 85018 - 3 bed, 2 bath
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Phoenix, AZ 85018
This property presents a Strong Value Opportunity with a List Price of $1,350,000—positioned well below the $1,466,818 Fair Market Value by 7%. This valuation gap offers $116,818 in Instant Equity. Featuring a Condition Rating of 6, the home serves as a prime canvas for a luxury rebuild or comprehensive renovation. With an oversized 11,463 sq ft lot, Camelback Mountain views, and a private pool, this is an ideal acquisition for Fix-and-Flip Investors or Custom Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3109 N 47TH Place Subject | $1,350,000* List Price | 3 | 2 | 2,000 | $733 | - |
A 3439 N 45TH Place Sold | $1,300,000 | 4 | 2 | 1,600 | $813 | 0.4 mi |
B 5125 E OSBORN Road Active | $1,100,000 List Price | 3 | 2 | 1,670 | $659 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1960 (>50 years) with no evidence of renovation. The listing explicitly markets the property as a 'rare opportunity' for builders to 'tear it down and build new,' stating the true value is in the land and location.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11463, living area = 2000.
Situated in the highly sought-after Arcadia Osborn area, the property offers iconic Camelback Mountain views and a premium neighborhood profile.
The oversized 11,463 sq ft lot backs directly to a greenbelt and the Crosscut Canal, ensuring no rear neighbors and enhanced tranquility.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2000, other record living area = 1745.
The existing 1960s structure requires a complete overhaul or demolition, necessitating significant additional capital investment beyond the purchase price.
At a $1.35M list price for an 'as-is' condition property, the entry point is high for investors looking to maintain healthy margins after construction costs.
Calling all investors, builders, and end users! Rare opportunity in highly sought-after Arcadia Osborn on an oversized 11,000+ sq ft lot with no neighbors directly behind, backing to the greenbelt and Crosscut Canal. Take in stunning Camelback Mountain views and imagine the possibilities! The existing home features 3 bedrooms plus an office and bonus room, a fireplace, 2-car garage, and pool. The property is ready for a complete renovation or tear it down and build new; the true value is in the incredible location, oversized lot, views, and endless potential. A rare chance to create something truly special in one of Arcadia's most desirable neighborhoods.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,000 | - |
| Lot Size | 11,463 | - |
| Price | $1.35M | $495.4K |
| Price per sq ft | $675 | $290 |
| Built year | 1960 | 0 |
| HOA | $0 | $0 |
| Days on market | 11 | 1260 |
Jul 11, 2026
$1,350,000
Initial Listing