3122 E Shangri La Road, Phoenix, AZ 85028, Phoenix, 85028 - 4 bed, 2 bath
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Phoenix, AZ 85028
This Modernized Single-Family Residence is a Strong Value Opportunity, listed at $600,000—positioned well below the $647,677 Fair Market Value by 7%. This valuation gap provides $47,677 in Instant Equity for the incoming buyer. Boasting a Mint Condition Rating, the home features a high-end kitchen with custom cherry cabinetry, energy-efficient Milgard windows, and a rare detached workshop. Located in a quiet cul-de-sac near Shadow Mountain High, it balances luxury finishes with significant financial upside. This is an ideal acquisition for Owner-Occupants seeking a turnkey sanctuary or Buy-and-Hold Investors looking for a high-equity asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3122 E Shangri La Road Subject | $600,000* List Price | 4 | 2 | 2,122 | $305 | - |
A 2934 E SHANGRI LA Road Sold | $670,000 | 4 | 2 | 1,951 | $343 | 0.3 mi |
B 3110 E Yucca Street Sold | $499,000 List Price | 4 | 2 | 1,658 | 0.1 mi | |
C 3340 E NORTH Lane Sold | $599,000 | 3 | 2 | 1,847 | $324 | 0.5 mi |
D 10850 N 37TH Way Sold | $720,000 List Price | 4 | 2 | 2,183 | 0.7 mi | |
E 3019 E SIERRA Street Sold | $632,000 | 4 | 2 | 1,960 | $322 | 0.3 mi |
F 3010 E Cortez Street Sold | $620,000 | 4 | 2 | 1,972 | $314 | 0.2 mi |
G 3122 E SIERRA Street Pending | $689,000 List Price | 3 | 2 | 1,993 | $346 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1960, the property has undergone a comprehensive high-end remodel within the last 5 years. It features a modern kitchen with custom cabinetry and granite, new flooring, upgraded Milgard windows, and updated fixtures, meeting the criteria for mint condition with no immediate maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9766, living area = 2122.
The home features a comprehensive interior renovation including a designer kitchen with custom cherry cabinetry and energy-efficient Milgard windows, offering a move-in-ready experience that feels like a new build.
In addition to the attached two-car garage, the property includes a detached workshop with a roll-up door, providing rare versatility for a home office, hobby space, or a third garage bay.
Despite the extensive aesthetic updates, the home's 1960s origin may mean some underlying structural or utility systems are aged, potentially requiring more maintenance than a modern construction.
While the area is popular, the assigned local public schools currently hold average ratings (4-5/10), which might be a drawback for families prioritizing top-tier public school performance.
Welcome to the Sheaborhood! Nestled in a quiet cul de sac, this beautifully remodeled 4 bedroom, 2 bathroom home is truly move in ready and feels like a brand new build the moment you walk in. Thoughtfully updated with NEW flooring, fresh interior paint, light fixtures, baseboards, ceiling fans, and blinds throughout, every detail has been carefully finished with style and comfort in mind. The warm, neutral, moody kitchen is a standout feature, showcasing high end custom KitchenCraft cherry cabinetry, granite countertops, an induction cooktop, double ovens, and energy efficient upgraded windows throughout (Milgard windows featuring quality AAMA-certified construction). Built with durable block construction, this home was made to last while helping keep things cool during the Arizona summers. The flooring offers the perfect blend of rich hardwood and new neutral tile for a clean, timeless look. Outside, you will find a long driveway, an enclosed 2 car garage, and an additional detached workshop with a roll up door that could easily function as a third garage, hobby space, or extra storage. The backyard is equally inviting with an oversized covered patio, mature fruit trees, and plenty of space to relax or entertain year round. Located close to highly sought after schools such as BASIS Phoenix, this home offers not only comfort and style, but also an unbeatable location in one of Phoenix's most loved neighborhoods. Priced to sell and ready for its next chapter, this is your chance to own a solid, stylish home in the Sheaborhood.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,122 | 2,151 | 47% |
| Lot Size | 9,766 | 10,180 | 35% |
| Price | $600.0K | $635.0K | 46% |
| Price per sq ft | $283 | $332 | 36% |
| Built year | 1960 | 1972 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 1414 | 0% |
Apr 29, 2026
$600,000
Initial Listing