36601 N MULE TRAIN Road B21, Carefree, AZ 85377, Carefree, 85377 - 2 bed, 3 bath
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Carefree, AZ 85377
This Strong Value Opportunity is a 2-bedroom, 3-bath townhouse listed at $625,000—positioned well below the $678,435 Fair Market Value by 7%. This valuation gap offers $53,435 in Instant Equity. Featuring a Good Condition Rating, the unit includes a remodeled granite kitchen and a fully separate junior suite currently generating rental income. With HOA-covered exterior maintenance and community amenities like a pool and spa, this is an ideal asset for Buy-and-Hold Investors or Owner-Occupants seeking long-term stability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 36601 N MULE TRAIN Road B21 Subject | $625,000* List Price | 2 | 3 | 1,970 | $344 | - |
A 36601 N Mule Train Road 15A Active | $660,000 List Price | 2 | 3 | 2,100 | $314 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2003 (21 years old), the property has been well-maintained and features significant remodeling that brings it into the 'Good' category. The kitchens are updated with granite countertops and stainless steel appliances, and the bathrooms are modern and move-in ready. The junior suite shows signs of a more recent renovation, and the overall condition is functional with no immediate maintenance required.
The property features a fully separate junior suite with its own kitchen and bath, currently leased through April 2027, providing immediate and guaranteed rental income for the new owner.
This ground-level unit boasts high-end finishes including granite countertops, a deep soapstone sink, stainless steel appliances, and a primary ensuite with a jetted tub and separate shower.
The gated community offers worry-free living with an HOA that covers exterior maintenance and roof replacement, alongside access to a pool, spa, and clubhouse.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1983, other record lot size in square feet = 9000.
The junior suite is only available for viewing after the execution of a contract, which may pose a challenge for buyers wanting a full inspection prior to committing.
Because the unit is leased until early 2027, it is unsuitable for buyers looking for a primary residence in the near term, limiting the immediate market to investors.
Beautifully remodeled GROUND LEVEL unit features a FULLY separate jr. suite with its own kitchen and bath. Ideal for guests or rental income with 30-day minimum rentals and is leased through 4/27/27, providing immediate income for the new owner. The main residence offers a large open-concept floor plan with flexible living and dining areas, a cozy fireplace, and a remodeled kitchen featuring granite countertops, a deep soapstone sink, stainless steel appliances and breakfast bar. Enjoy a private south-facing patio accessed from the living room and the spacious primary suite. Primary has a walk-in closet, ensuite bath with jetted tub w/ separate shower. A second full bath with walk-in shower provides added convenience for main suite residents or guests. This gated community has a lovely pool, spa and clubhouse with full kitchen and several areas for lounging or visiting with neighbors. Worry free living with HOA covering exterior maintenance as well as roof repair and replacement. Close to the fabulous shops and restaurants in Carefee and Cave Creek and steps from Civana Resort and Spa. This well priced ground level unit with immeditate rental income will not last long! Please note that the junior suite will only be available to be seen after execution of a contract.
No exterior & parking available.
Grades PK-6 • 3.5 mi
Grades 6-8 • 6.7 mi
Grades 9-12 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,970 | - |
| Lot Size | 1,983 | - |
| Price | $625.0K | $822.5K |
| Price per sq ft | $317 | $336 |
| Built year | 2003 | 0 |
| HOA | $445 | $0 |
| Days on market | 19 | 2512 |
Jul 3, 2026
$625,000
Initial Listing