3506 E Fairmount Avenue, Phoenix, AZ 85018, Phoenix, 85018 - 3 bed, 2 bath
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Phoenix, AZ 85018
This iconic Mid-Century Single Family Residence is a Strong Value Opportunity, listed at $875,000—positioned well below the $879,900 Fair Market Value by 0.56%. Featuring a 4/10 Condition Rating, the home offers a rare blend of original character, a sparkling pool, and Camelback Mountain views. While the property requires modernization of aging systems, its prime Arcadia Lite location and expansive lot provide significant long-term upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a classic Phoenix renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3506 E Fairmount Avenue Subject | $875,000* List Price | 3 | 2 | 1,700 | $518 | - |
A 3318 E MONTECITO Avenue Sold | $970,000 | 3 | 2 | 1,790 | $542 | 0.5 mi |
B 3615 E CLARENDON Avenue Sold | $1,000,000 | 3 | 3 | 1,797 | $556 | 0.2 mi |
C 3615 E CLARENDON Avenue Sold | $1,000,000 | 3 | 3 | 1,797 | $556 | 0.2 mi |
D 3615 E CLARENDON Avenue Sold | $1,000,000 | 3 | 3 | 1,797 | $556 | 0.2 mi |
E 3923 E WHITTON Avenue Sold | $725,000 List Price | 3 | 2 | 1,374 | 0.6 mi | |
F 4007 E MONTECITO Avenue Sold | $700,000 List Price | 3 | 2 | 1,392 | 0.8 mi | |
G 3601 E FAIRMOUNT Avenue Active Under Contract | $699,900 List Price | 3 | 2 | 1,728 | $405 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1951, this 75-year-old property is well-maintained but shows dated interior finishes and a kitchen/bath aesthetic that appears to be over 20 years old. While the 'thoughtful updates' and clean pool make it move-in ready, the age of the home and visible components suggest that systems and cosmetics are due for modernization.
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.
Situated in the highly sought-after Arcadia Lite neighborhood, the property offers unbeatable proximity to Phoenix's premier dining, shopping, and entertainment hubs.
The home features stunning, unobstructed views of Camelback Mountain and a private backyard oasis with a sparkling pool, perfect for high-end Arizona entertaining.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1700, other record living area = 1464.
The assigned public schools have relatively low ratings (3/10 and 4/10), which may be a drawback for families prioritizing top-tier educational districts.
Given the 1951 build date, the property may require significant capital investment to modernize aging plumbing, electrical, or mechanical systems to meet contemporary standards.
First time ever on the market! This iconic Mid-Century home offers a rare blend of original character, thoughtful updates, and an unbeatable location. Nestled in highly sought-after Arcadia Lite, You'll enjoy proximity to the best spots Phoenix has to offer. Expansive windows fill the home with natural light while showcasing stunning views of Camelback Mountain. Step outside to your private backyard oasis featuring a sparkling pool and spacious patio, perfect for entertaining and enjoying Arizona's spectacular sunsets. A deep garage provides storage and extra parking flexibility. With timeless architecture, solid construction, mountain views, and a location that's second to none, this is a once-in-a-generation opportunity to own a true Phoenix classic.
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 |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,700 | - |
| Lot Size | 9,148 | - |
| Price | $875.0K | $495.4K |
| Price per sq ft | $515 | $290 |
| Built year | 1951 | 0 |
| HOA | $0 | $0 |
| Days on market | 50 | 1260 |
Jun 3, 2026
$875,000
Initial Listing