38116 N 15TH Avenue, Phoenix, AZ 85086, Phoenix, 85086 - 4 bed, 2 bath
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38116 N 15TH Avenue
Phoenix, AZ 85086
ACTIVE
CONDITION: FAIR
4Beds
2Baths
2,537Sq Ft
51,137Lot Size
Property Price
LIST PRICE$749,000
EST. MARKET VALUE
$723,220
3% AboveMARKET VALUE
SUMMARY
This Spacious Desert Hills Residence is a High-Potential Investment Opportunity, listed at $749,000—positioned well above the $723,220 Fair Market Value by -3%. While the property requires interior modernization, its Fair Condition Rating is offset by a massive 1.17-acre lot with Horse Privileges and Scenic Mountain Views. Recent exterior upgrades, including a 2026 roof recoating, provide a solid foundation for value-add renovations. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable, expansive lifestyle property.
Estimated Market Value
$723,220
Based on Realkey algorithm analyzing recent comparable sales in Phoenix.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38116 N 15TH Avenue Subject | $749,000* List Price | 4 | 2 | 2,537 | $285 | - |
A 37406 N 15TH Avenue Sold | $620,000 | 3 | 3 | 2,027 | $306 | 0.4 mi |
B 509 W LAVITT Lane Active | $799,999 List Price | 4 | 2 | 2,583 | $310 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2003 (23 years old), the property falls into the 'Fair' category as it is over 20 years old with original, dated finishes. The kitchen features 20-year-old oak cabinetry and tile countertops that require updating. While the roof was recently recoated and the water heater is newer, the interior aesthetics are dated and need modernization.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 51137, living area = 2537.
- Expansive Acreage & Horse Property
Situated on over an acre (51,137 sqft), this property offers horse privileges and ample space for RVs and outdoor toys, all with the freedom of no HOA.
- Recent Exterior Maintenance
The home features significant recent updates including a 2026 roof recoating, fresh exterior paint, and a newer water heater, reducing immediate move-in costs.
CONSRISKS & DEFICIENCIES
- Potential Interior Updating
While the exterior has been refreshed, the 2003 construction suggests that interior finishes and appliances may require modernization to meet contemporary luxury standards.
- Demanding Lot Upkeep
The massive lot size requires substantial ongoing maintenance and landscaping, which may be a significant time or financial commitment for the homeowner.
About 38116 N 15TH Avenue
Welcome to spacious Desert Hills living with beautiful mountain views! This single-story home sits on over an acre, offering plenty of room to spread out and bring your horses. A 3-car garage provides generous space for vehicles, toys, and storage. Recent improvements include a roof recoating completed in March 2026, fresh exterior paint, and a newer water heater. With ample room for horses, RVs, outdoor living, and more, this property offers the space, scenery, and flexibility to make it your own while still enjoying convenient access to the Valley.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2003
- Lot Size
- 51,137 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,537 | 1,820.548 |
| Lot Size | 51,137 | 7,305.343 |
| Price | $749.0K | $470.3K |
| Price per sq ft | $295 | $279 |
| Built year | 2003 | 1986 |
| HOA | $0 | $186 |
| Days on market | 29 | 67 |
Pricing History
Listed for Sale
Aug 11, 2026
$749,000
Initial Listing