33516 N 7th Street, Phoenix, AZ 85085, Phoenix, 85085 - 3 bed, 3 bath
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33516 N 7th Street
Phoenix, AZ 85085
ACTIVE
CONDITION: FAIR
3Beds
3Baths
3,420Sq Ft
43,560Lot Size
Property Price
LIST PRICE$1,180,000
EST. MARKET VALUE
$996,766
18% AboveMARKET VALUE
SUMMARY
This Santa Fe Architectural Gem represents a High-Potential Investment Opportunity, listed at $1,180,000—positioned above the $996,766 Fair Market Value. While the property commands a premium, it offers significant upside through its 43,560 sqft lot and breathtaking mountain views. Featuring a Fair Condition Rating, the home includes recent 2025 upgrades like new travertine flooring and a recoated roof, though the interior offers room for modernization. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique, high-end desert lifestyle.
Estimated Market Value
$996,766
Based on Realkey algorithm analyzing recent comparable sales in Phoenix.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33516 N 7th Street Subject | $1,180,000* List Price | 3 | 3 | 3,420 | $291 | - |
A 33207 N 12TH Street Sold | $1,085,000 | 4 | 4 | 3,743 | $290 | 0.7 mi |
B 14 W SUMMERSET Drive Active | $1,295,000 List Price | 4 | 3 | 3,253 | $398 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 2002 (22+ years old), placing it in the 'Fair' category based on age. While it features significant 2025 cosmetic updates including new interior/exterior paint, new travertine flooring, and a recoated roof, the kitchen and bathrooms still feature original oak cabinetry and dated tile work that require modernization.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 3274.
- Exceptional Mountain Views
The home features soaring two-story windows and multiple balconies that capture breathtaking, unobstructed views of Apache Peak, Gunsight Peak, and Elephant Mountain from nearly every room.
- Recent Capital Improvements
Significant updates completed in 2025, including fresh interior and exterior paint, new travertine flooring, and a recoated roof, provide immediate value and reduced maintenance for the new owner.
CONSRISKS & DEFICIENCIES
- Limited Bedroom Count
Despite the generous 3,274 square footage and one-acre lot, the home only offers three bedrooms, which may limit its appeal to larger families or buyers requiring more dedicated rooms.
- Niche Architectural Style
The distinct Santa Fe style and 2002 construction year may feel specific to a certain era, potentially requiring further modernization to appeal to buyers seeking contemporary desert aesthetics.
About 33516 N 7th Street
Santa Fe style living at its best! Soaring two-story windows flood the home with natural light and also frame BREATHTAKING VIEWS of Apache & Gunsight peaks, Cave Creek Regional Park peaks and Elephant Mountain in the distance. Enjoy the views from nearly every room in the house, or enjoy the breeze and the views from three upstairs balconies, or the expansive covered patio! 2025: new paint inside and out, new travertine flooring upstairs, roof recoated. Desirable split floorplan with a 2nd downstairs master bedroom. 3rd bedroom is also spacious. Upstairs master suite features private balconies, a TV sitting area, huge closet (bonus mirrored wall & ballet barre) a soaking tub, and a large separate shower with bench. THIS IS A RARE OPPORTUNITY TO OWN A TRUE ARCHITECTURAL GEM!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2002
- Lot Size
- 43,560 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 3,420 | 1,820.548 |
| Lot Size | 43,560 | 7,305.343 |
| Price | $1.18M | $470.3K |
| Price per sq ft | $345 | $279 |
| Built year | 2002 | 1986 |
| HOA | $0 | $186 |
| Days on market | 23 | 67 |
Pricing History
Listed for Sale
Aug 17, 2026
$1,180,000
Initial Listing