3907 E DEVONSHIRE Avenue, Phoenix, AZ 85018, Phoenix, 85018 - 4 bed, 2 bath
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Phoenix, AZ 85018
This property presents a High-Potential Investment Opportunity with a List Price of $839,000—positioned well above the $723,608 Fair Market Value by 15%. While the home features a Condition Rating of 4, the flood-irrigated lot and prime location in Arcadia Lite offer significant upside for redevelopment. The property serves as a strategic Value-Add Asset for those looking to capitalize on the neighborhood's luxury rebuild trend. This is an ideal acquisition for Fix-and-Flip Investors or Custom Home Developers seeking a prime lot.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3907 E DEVONSHIRE Avenue Subject | $839,000* List Price | 4 | 2 | 1,792 | $404 | - |
A 3807 E DEVONSHIRE Avenue Sold | $715,000 | 3 | 2 | 1,534 | $466 | 0.1 mi |
B 4314 E Montecito Avenue Sold | $725,000 List Price | 3 | 2 | 1,494 | 0.6 mi | |
C 3601 E FAIRMOUNT Avenue Sold | $625,000 | 3 | 2 | 1,728 | $362 | 0.5 mi |
D 4007 E MONTECITO Avenue Sold | $700,000 List Price | 3 | 2 | 1,392 | 0.2 mi | |
E 4101 E COOLIDGE Street Sold | $599,000 List Price | 3 | 2 | 1,737 | 0.7 mi | |
F 3923 E WHITTON Avenue Sold | $725,000 List Price | 3 | 2 | 1,374 | 0.5 mi | |
G 4136 E MONTECITO Avenue Pending | $715,000 List Price | 4 | 3 | 1,485 | $481 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952, the property is functional and 'move-in ready' but significantly dated. The kitchen features older tile countertops and a coil-top electric range, suggesting a renovation age of over 20 years. While it has newer laminate flooring, the listing's emphasis on 'building new' and 'luxury rebuilds' confirms the structure is nearing the end of its primary lifecycle relative to the neighborhood.
Situated on one of Arcadia Lite's most desirable streets, the property offers exceptional walkability to elite local hotspots like LGO, Postino, and The Vig.
Surrounded by multi-million-dollar luxury rebuilds, this lot provides a prime opportunity for investors or homeowners to expand or build a custom dream home in a high-value area.
The rare flood-irrigated lot features mature trees and lush greenery, offering a significant head start for creating a high-end private backyard oasis.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property only includes a one-car garage, which may be insufficient for modern buyers in this price tier who typically expect multi-vehicle storage.
As a 1952 build, the home likely requires substantial updates to its core systems and finishes to compete with the luxury standards of the surrounding neighborhood.
Welcome to 3907 E Devonshire Ave, a rare opportunity on one of Arcadia Lite's most desirable streets, surrounded by stunning luxury rebuilds. This 4-bedroom, 2-bath home features laminate wood flooring, a rare 1-car garage, and a lush flood-irrigated lot with mature trees, ideal for creating a dream backyard, expanding the home, or building new. Walk to local favorites including LGO, Postino, Arcadia Tavern, and The Vig. Perfect for homeowners seeking an entry into premier Arcadia Lite or developers looking for a prime lot in a neighborhood of multi-million-dollar homes. Exceptional location and endless potential. Move-in ready and also perfect for investors!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,792 | - |
| Lot Size | 6,639 | - |
| Price | $839.0K | $495.4K |
| Price per sq ft | $468 | $290 |
| Built year | 1952 | 0 |
| HOA | $0 | $0 |
| Days on market | 2 | 1260 |
Jul 24, 2026
$839,000
Initial Listing