3506 E Fairmount Avenue, Phoenix, AZ 85018, Phoenix, 85018 - 3 bed, 2 bath
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Phoenix, AZ 85018
This Mid-Century Classic in Pamelo Estates is a Strong Value Opportunity, listed at $899,000—positioned well below the $984,800 Fair Market Value by 8%. This valuation gap provides $85,800 in Instant Equity for the incoming buyer. The property maintains a Condition Rating of 3, offering a move-in ready interior featuring unobstructed Camelback Mountain views and a private sparkling pool on a generous lot. While the 1951 infrastructure offers vintage charm, the premier Arcadia Lite location ensures long-term appreciation. This is an ideal acquisition for Owner-Occupants looking to build wealth or Buy-and-Hold Investors seeking a high-demand rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3506 E Fairmount Avenue Subject | $899,000* List Price | 3 | 2 | 1,700 | $579 | - |
A 3615 E CLARENDON Avenue Sold | $1,000,000 | 3 | 3 | 1,797 | $556 | 0.2 mi |
B 3318 E MONTECITO Avenue Sold | $970,000 | 3 | 2 | 1,790 | $542 | 0.5 mi |
C 3318 E MONTECITO Avenue Sold | $970,000 | 3 | 2 | 1,790 | $542 | 0.5 mi |
D 3318 E MONTECITO Avenue Sold | $970,000 | 4 | 3 | 2,190 | $443 | 0.5 mi |
E 3615 E CLARENDON Avenue Sold | $1,000,000 | 3 | 3 | 1,797 | $556 | 0.2 mi |
F 3727 E CLARENDON Avenue Sold | $1,150,000 | 4 | 2 | 1,824 | $630 | 0.3 mi |
G 3601 E FAIRMOUNT Avenue Active | $725,000 List Price | 3 | 2 | 1,728 | $420 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring updated flooring, modern light fixtures, and stainless steel appliances. While it retains its 1951 mid-century character with some older elements like tile countertops, the overall condition is clean with no immediate renovations required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 1700.
Nestled in the highly desirable 85018 zip code of Pamelo Estates, this property boasts stunning, unobstructed views of Camelback Mountain, providing a premier Arizona backdrop.
Built in 1951, the home retains its original architectural charm with large windows and natural light, offering a rare opportunity to own a classic mid-century residence with solid bones.
Given the 1951 construction, the property may require updates to major systems or cosmetic renovations to meet the expectations of modern luxury buyers.
The local public schools carry lower performance ratings (3 and 4), which may be a deterrent for families prioritizing high-ranking educational districts.
First time on the market this charming Mid-century home is rich with original character blended with modern comforts. Pick a PAMELO fresh from the tree, and taste the citrus legacy that gave Pamelo Estates its name. Large windows invite in natural light and frame the stunning backdrop beyond. Step outside to your own private retreat featuring a SPARKLING POOL, and generous patio space perfect for relaxing or entertaining. Enjoy breathtaking views of Camelback Mountain, creating a picture-perfect Arizona setting both day and night. The deep GARAGE provides exceptional space for storage or additional parking. With solid bones, timeless character, and an unbeatable location, this is a rare opportunity to own a true classic in one of Phoenix's most desirable neighborhoods.
No exterior & parking available.
Grades K-8 • 0.4 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 36% |
| Baths | 2.0 | 3.0 | 27% |
| Square foot | 1,700 | 2,705 | 15% |
| Lot Size | 9,148 | 9,936 | 42% |
| Price | $899.0K | $1.15M | 43% |
| Price per sq ft | $529 | $473 | 59% |
| Built year | 1951 | 1961 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 1537 | 0% |
Feb 28, 2026
$899,000
Initial Listing