3528 E SHERIDAN Street, Phoenix, AZ 85008, Phoenix, 85008 - 2 bed, 1 bath
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Phoenix, AZ 85008
This mid-century bungalow represents a Strong Value Opportunity, listed at $389,000—positioned well below the $416,322 Fair Market Value by 6%. This valuation gap offers $27,322 in Instant Equity. Featuring a Condition Rating of 4, the property requires modernization, yet its large irrigated lot and no HOA status provide significant upside. Located in the desirable Arcadia Lite area, this asset is ideal for Fix-and-Flip Investors or first-time buyers seeking a value-add project in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3528 E SHERIDAN Street Subject | $389,000* List Price | 2 | 1 | 900 | $463 | - |
A 2434 N 37TH Way Sold | $375,000 | 3 | 1 | 1,129 | $332 | 0.3 mi |
B 3347 E PALM Lane Sold | $459,550 | 3 | 2 | 1,092 | $421 | 0.5 mi |
C 3302 E YALE Street Pending | $389,900 List Price | 2 | 1 | 1,131 | $345 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1949 build with a kitchen that remains largely dated, featuring vintage tile countertops and cabinetry likely exceeding 30 years in age. While there are some cosmetic improvements like newer laminate flooring and a stainless steel range, the overall infrastructure and wet areas are dated and require modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8407, living area = 900.
Situated in the highly sought-after Arcadia Lite area, this property offers exceptional proximity to the Biltmore, trendy dining, and major transit hubs, ensuring strong long-term value.
The oversized 8,407 sqft lot features mature fruit trees and flood irrigation, providing rare outdoor space and flexibility with no HOA restrictions.
At only 900 square feet with a 2-bed, 1-bath configuration, the interior footprint is quite small and may require an addition to suit modern lifestyle needs.
The assigned public schools currently hold lower ratings (3-4), which could be a drawback for families prioritizing education or impact future resale appeal.
Arcadia Lite is where it's at! Don't miss your opportunity to own this charming home with NO HOA. This mid-century bungalow sits on a large lot in the Arcadia Lite area. This home is where convenience and open space meet. This is a fantastic home with North/South exposure. The large irrigated lot has several fruit trees including lime, pecan, lemon, pomegranate. It has a large covered patio that is perfect for all your outdoor gatherings. This is a rare gem in an area with convenience and open space. It is located near the Biltmore area and only minutes from shopping, restaurants, grocery stores, parks, hiking and biking trails. It is close to public transportation, freeways, downtown Phoenix, sporting events and stadiums. SEE SUPPLEMENT
No exterior & parking available.
Grades PK-8 • 0.4 mi
Grades K-8 • 0.8 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 15% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 900 | 1,451 | 16% |
| Lot Size | 8,407 | 7,688 | 64% |
| Price | $389.0K | $382.5K | 53% |
| Price per sq ft | $432 | $258 | 88% |
| Built year | 1949 | 1953 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 840 | 1% |
May 30, 2026
$389,000
Initial Listing