
Phoenix, AZ 85018
This Arcadia Lite Value-Add Asset is listed at $550,000, representing a strategic entry point relative to its $527,300 Fair Market Value. Currently holding a Condition Score of 5 due to its original 1953 design, the property serves as a "blank canvas" featuring vaulted ceilings and a large 7,893 SF lot with No HOA. Located in a premier walkable corridor near the Biltmore and Old Town, the asset offers immense potential for forced appreciation through full modernization. This project is a high-upside acquisition perfectly suited for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3828 N 36TH Street Subject | $550,000* List Price | 3 | 2 | 1,341 | $393 | - |
A 3635 N 36th Street Sold | $425,000 | 3 | 2 | 1,047 | $406 | 0.1 mi |
B 3635 N 36th Street Sold | $425,000 | 2 | 1 | 1,047 | $406 | 0.1 mi |
C 3529 E PICCADILLY Road Sold | $490,000 List Price | 3 | 2 | 1,546 | 0.1 mi | |
D 4144 N 36TH Street Sold | $490,000 | 4 | 2 | 1,394 | $352 | 0.3 mi |
E 4208 N 35TH Way Sold | $525,000 | 3 | 2 | 1,100 | $477 | 0.3 mi |
F 3844 N 34th Place Sold | $560,000 | 3 | 2 | 1,622 | $345 | 0.2 mi |
G 4142 N 35TH Street Active | $649,900 List Price | 3 | 2 | 1,345 | $483 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1953 and described as having its 'original design,' this 70-year-old property likely has outdated kitchen, baths, and major systems (HVAC/Electric) that require a full rehab. The listing positions it as a 'canvas' for renovation, fitting the criteria for poor condition due to age and lack of updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7893, living area = 1341.
Situated in the highly desirable Arcadia Lite corridor, this property offers exceptional walkability to trendy restaurants and coffee shops, with quick access to the Biltmore and Old Town Scottsdale.
The home features vaulted ceilings that create an airy feel, providing a strong structural foundation and a 'blank canvas' for buyers looking to execute a custom renovation.
The description emphasizes 'potential' and 'original design,' suggesting the 1953 interior may require significant capital investment to meet modern luxury standards.
The local public schools carry lower ratings (3 and 4), which may be a concern for families prioritizing high-performing educational districts in their home search.
Tucked into the vibrant Arcadia Lite corridor, this 3-bedroom, 2-bath home offers the perfect blend of location, character, and potential. Vaulted ceilings create an open, airy feel throughout, while the home's original design provides a canvas for those looking to bring their vision to life. Whether you choose to preserve its charm or elevate it with modern updates, the possibilities here are endless. Step outside and you're moments from the energy that defines Arcadia Lite--morning coffee runs, chef-driven restaurants, weekend brunch spots, and easy access to the Biltmore and Old Town. Homes in this pocket are highly sought after for a reason: walkability, central convenience, and a lifestyle that's hard to replicate anywhere else in Phoenix.
No exterior & parking available.
Grades K-8 • 0.4 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 36% |
| Baths | 2.0 | 3.0 | 27% |
| Square foot | 1,341 | 2,705 | 4% |
| Lot Size | 7,893 | 9,936 | 28% |
| Price | $550.0K | $1.15M | 35% |
| Price per sq ft | $410 | $471 | 42% |
| Built year | 1953 | 1961 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 1536 | 0% |
Apr 23, 2026
$550,000
Initial Listing