
Phoenix, AZ 85015
This Turnkey Mid-Century Ranch is a High-Potential Investment Opportunity, listed at $685,000—positioned well below the $713,259 Fair Market Value by 3%. This valuation gap offers $28,259 in Instant Equity. Featuring a Condition Rating of 2, the home includes a high-end renovated kitchen, a detached guest house, and an expansive 13,355 sqft lot. While school ratings are modest, the property’s blend of modern luxury and vintage character makes it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4138 N 18TH Avenue Subject | $670,000* List Price | 4 | 3 | 1,829 | $381 | - |
A 2215 W EARLL Drive Sold | $500,000 | 3 | 2 | 1,422 | $352 | 1.0 mi |
B 3008 N 16TH Drive Sold | $815,000 | 3 | 2 | 2,047 | $398 | 1.0 mi |
C 1702 W HEATHERBRAE Drive Sold | $480,000 | 2 | 2 | 1,145 | $419 | 0.2 mi |
D 1702 W Heatherbrae Drive Sold | $480,000 | 2 | 2 | 1,145 | $419 | 0.2 mi |
E 3312 N 17TH Drive Sold | $500,000 List Price | 3 | 1 | 1,591 | 0.7 mi | |
F 1729 W FAIRMOUNT Avenue Active | $639,999 List Price | 4 | 3 | 1,714 | $373 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1950, the property has undergone a high-end comprehensive renovation within the last 5 years. The kitchen features premium semi-custom cabinetry, quartz countertops, and a professional-grade Wolf range. Both bathrooms are fully updated, and the interior shows modern flooring, recessed lighting, and a detached guest house in mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13355, living area = 1829.
The 366-square-foot detached casita with vaulted ceilings and a 3/4 bath offers exceptional versatility for rental income, a private home office, or multi-generational living.
This home masterfully blends original 1950s character with premium modern upgrades, including a Wolf range, quartz countertops, and semi-custom cabinetry, reflecting decades of meticulous care.
Given the home's 1950 construction, buyers should anticipate potential maintenance needs or necessary updates to aging underlying systems despite the high-quality aesthetic renovations.
The assigned public schools, specifically the high school with a rating of 3, may be a drawback for families prioritizing top-tier educational performance in their home search.
First time on the market in more than 40 years!!! Beautifully maintained 3 bed 2 bath mid-century ranch home plus 366 sqft 1 bed 1 bath detached guest house. Lovingly cared for by just its second owners for over four decades, this home offers something increasingly hard to find- a home that has been preserved, updated with intention, and genuinely cherished over time. The main home is 1,829 sqft features 3 bedrooms, 2 bathrooms, a, fully remodeled kitchen with open concept dining, and living area, plus a separate flex room or den. The interior remodel draws inspiration from the home's mid-century roots, blending clean, functional design with warm original character. The kitchen includes semi-custom flat-panel cabinetry, quartz countertops, Wolf range, and a stainless steel appliances. Both bathrooms have been tastefully updated with a subtle mid-century modern influence- creating a cohesive design. Throughout the home, original details remain intact- from the charming telephone table in the entry to the large corner living room window and vintage screen doors off the dining room- echoes of the past blend with modern finishes. The detached 366-square-foot guest house adds flexibility with vaulted ceilings, clerestory windows, a ¾ bath, and room for a kitchenette. Whether used for guests, multigenerational living, rental income, or a creative workspace, it's a valuable extension of the property. The expansive lot includes a water-wise garden of native plants and shade trees, a covered patio, and outdoor storage sheds. Located near everyday conveniences like grocers, hospitals, parks, and the popular restaurants and shops of Melrose. This home is a rare opportunity for someone who appreciates well-cared-for mid-century homes with authenticity, warmth, and lasting quality.
No exterior & parking available.
Grades PK-8 • 0.7 mi
Grades PK-8 • 0.7 mi
Grades 7-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,829 | - |
| Lot Size | 13,355 | - |
| Price | $670.0K | $482.6K |
| Price per sq ft | $366 | $286 |
| Built year | 1950 | 0 |
| HOA | $0 | $0 |
| Days on market | 34 | 1359 |
Jun 19, 2026
$670,000
$685,000
-2% Price Drop
Initial Listing
May 22, 2026
$685,000
Initial Listing