3801 E AMELIA Avenue, Phoenix, AZ 85018, Phoenix, 85018 - 3 bed, 2 bath
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Phoenix, AZ 85018
This property presents a High-Potential Investment Opportunity with a List Price of $724,500—positioned well below the $740,589 Fair Market Value by 2%. This valuation gap offers $16,089 in Instant Equity for buyers. Featuring a Condition Rating of 5, the home requires a full interior rehab, yet offers a spacious 8,425 sqft lot and prime Arcadia Lite location. This is a value-add acquisition ideal for Fix-and-Flip Investors or Contractors seeking to capitalize on the area's high redevelopment demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3801 E AMELIA Avenue Subject | $700,000* List Price | 3 | 2 | 1,435 | $462 | - |
A 4007 E MONTECITO Avenue Sold | $700,000 List Price | 3 | 2 | 1,392 | 0.4 mi | |
B 3515 E AMELIA Avenue Sold | $510,000 | 3 | 1 | 1,412 | $361 | 0.4 mi |
C 4314 E Montecito Avenue Sold | $725,000 List Price | 3 | 2 | 1,494 | 0.8 mi | |
D 3828 N 33rd Street Sold | $525,000 | 2 | 1 | 910 | $577 | 0.6 mi |
E 4142 N 35TH Street Active | $649,900 List Price | 3 | 2 | 1,345 | $483 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1953 and described as 'largely original,' this property requires a full interior rehab. While it features a newer roof and windows, the kitchen and baths are significantly outdated (>30 years), and the listing explicitly suggests it as a candidate for renovation or redevelopment.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8425, living area = 1435.
Situated on a desirable corner lot in the heart of Arcadia Lite, this property offers exceptional walkability to elite local favorites like LGO, Postino, and The Henry.
With no HOA restrictions and a spacious 8,425 sqft lot, the property provides a rare 'blank canvas' opportunity for a custom rebuild, expansion, or high-end renovation.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1435, other record living area = 1404.
The home is largely in its original 1953 condition and requires significant capital investment to modernize the interior and meet the standards of the surrounding neighborhood.
At 1,435 square feet, the current living space is relatively small for the price point, likely necessitating an expensive addition to maximize the property's market value.
Market Price Adjustment: Arcadia Lite opportunities like this don't come along often, and all this one needs is your imagination. Set on a prime corner lot in one of Phoenix's most desirable neighborhoods, this property is all about location, lifestyle, and potential. The home is largely original and ready for its next chapter, but important updates including a newer roof, dual-pane windows, and a newer water heater provide a solid starting point. Whether you're looking to renovate, expand, or build your dream home, the upside is undeniable. Surrounded by beautifully renovated homes and exciting redevelopment, the area continues to showcase why Arcadia Lite remains one of Phoenix's most desirable neighborhoods. Enjoy no HOA and walkable access to some of the area's most beloved destinations, including Chelsea's Kitchen, LGO, Postino, and The Henry. A rare chance to create something special in the heart of Arcadia Lite.
No exterior & parking available.
Grades K-8 • 0.6 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,435 | - |
| Lot Size | 8,425 | - |
| Price | $700.0K | $495.4K |
| Price per sq ft | $488 | $290 |
| Built year | 1953 | 0 |
| HOA | $0 | $0 |
| Days on market | 78 | 1260 |
Jun 19, 2026
$700,000
$724,500
-3% Price Drop
Initial Listing
Jun 2, 2026
$724,500
$725,000
+0% Price Increase
Initial Listing
May 6, 2026
$725,000
Initial Listing