3421 E CAMELBACK Road, Phoenix, AZ 85018, Phoenix, 85018 - 4 bed, 3 bath
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Phoenix, AZ 85018
This Arcadia Redevelopment Asset offers a strategic entry into a premier Phoenix corridor with a List Price of $795,000, matching its $795,000 Fair Market Value. The property features a 10,495 Sq Ft Flat Lot with significant potential for land assembly and high-value construction. While currently holding a Condition Rating of 4, the existing residence is fully livable, providing immediate utility or rental yield during the planning phase. Situated near Biltmore Preparatory Academy, this location ensures long-term demand. This is an optimal acquisition for Custom Home Builders or Real Estate Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3421 E CAMELBACK Road Subject | $795,000* List Price | 4 | 3 | 2,003 | $397 | - |
A 3542 E HAZELWOOD Street Sold | $650,000 List Price | 4 | 3 | 2,096 | 0.4 mi | |
B 4814 N 35TH Street Sold | $880,000 | 4 | 3 | 2,159 | $408 | 0.1 mi |
C 4715 N 35TH Way Sold | $900,000 | 3 | 2 | 2,051 | $439 | 0.2 mi |
D 4702 N 33RD Place Sold | $969,000 List Price | 4 | 4 | 2,561 | 0.2 mi | |
E 4507 N 38TH Street Sold | $765,000 | 4 | 3 | 2,099 | $364 | 0.7 mi |
F 3512 E HIGHLAND Avenue Sold | $849,000 List Price | 3 | 3 | 2,408 | 0.2 mi | |
G 4435 N 35TH Street Active | $999,999 List Price | 3 | 3 | 2,334 | $428 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1960, the property is well-maintained and move-in ready with updated wood-style flooring, neutral paint, and crown molding. However, the listing describes it as an opportunity for redevelopment or future updates, indicating that while the home has been kept up through regular maintenance, it has not undergone the extensive recent renovations to its major systems, kitchen, or bathrooms required for a 'good' or 'excellent' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10495, living area = 2003.
The property offers a rare opportunity for land assembly with the adjacent lot, providing a flat, usable parcel ideal for high-value redevelopment or investment in a high-growth area.
Situated in the prestigious Arcadia neighborhood, the home provides an affordable entry point into one of Phoenix's most desirable markets, close to upscale dining and shopping.
Being located directly on Camelback Road, a major arterial thoroughfare, the property is subject to significant traffic noise and reduced privacy compared to interior neighborhood lots.
While the primary school is well-rated, the assigned high school currently holds a lower performance rating, which may be a drawback for families prioritizing public education quality.
OPPORTUNITY KNOCKS! Prime Arcadia opportunity! This property can be sold individually or together with the adjacent home, creating a rare chance to assemble a larger parcel ideal for redevelopment or future investment. Flat, usable land with strong surrounding comps and ongoing neighborhood growth make this a compelling option for builders, developers, or buyers seeking long-term value. The existing residence is well maintained and fully livable, allowing you to enjoy it now while planning future updates. Close to top schools, dining, and shopping, this property presents a rare chance to secure an Arcadia address at a great price!
No exterior & parking available.
Grades K-8 • 0.3 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,003 | 2,705 | 25% |
| Lot Size | 10,495 | 9,936 | 54% |
| Price | $795.0K | $1.15M | 41% |
| Price per sq ft | $397 | $471 | 41% |
| Built year | 1960 | 1961 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 103 | 1537 | 5% |
Jan 13, 2026
$795,000
Initial Listing