4149 N 49TH Way, Phoenix, AZ 85018, Phoenix, 85018 - 3 bed, 3 bath
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Phoenix, AZ 85018
This High-Potential Arcadia Contemporary represents a High-Potential Investment Opportunity listed at $1,999,999—positioned well below the $2,075,743 Fair Market Value by 3%. This valuation gap provides $75,744 in Instant Equity for buyers ready to modernize this "blank canvas." Featuring 12-foot ceilings, expansive glass, and a Condition Rating of 4, the residence offers significant upside through cosmetic updates on a generous 0.31-acre lot. Located in prestigious Arcadia Estates near top-rated schools, this is an ideal acquisition for Luxury Renovators or Owner-Occupants looking to build custom equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4149 N 49TH Way Subject | $1,999,999* List Price | 3 | 3 | 2,827 | $734 | - |
A 3308 N 51ST Street Sold | $1,630,000 | 5 | 3 | 2,650 | $615 | 0.7 mi |
B 4108 N 52ND Street Sold | $2,000,000 | 4 | 2 | 2,674 | $748 | 0.2 mi |
C 3308 N 51ST Street Sold | $1,630,000 | 4 | 3 | 2,650 | $615 | 0.7 mi |
D 4933 E WHITTON Avenue Sold | $2,200,000 | 4 | 5 | 3,654 | $602 | 0.5 mi |
E 4851 E CALLE TUBERIA -- Active | $2,199,000 List Price | 4 | 3 | 2,456 | $895 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996, this property is approaching 30 years of age and appears to retain most of its original finishes, including dated track lighting, older carpeting, and 1990s-style built-in cabinetry. The listing description explicitly identifies the home as a 'blank canvas' and an opportunity to 'reimagine' the space, which is professional terminology indicating that while the home is functional and maintained, it requires significant cosmetic updates and modernization to meet current market standards for the area.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13119, living area = 2827.
Situated in the prestigious Arcadia Estates, the property offers unmatched proximity to top-rated schools, premier dining, shopping, and outdoor recreation like scenic trails and pickleball.
The home features a desirable contemporary aesthetic with soaring 12-foot ceilings and expansive glass walls that flood the single-level layout with natural light.
Marketed as a blank canvas to reimagine, the property likely requires significant cosmetic or structural updates to meet modern luxury standards, given its 1996 original build.
At a list price of nearly $2 million, the cost per square foot is high for a residence needing substantial additional investment, which may deter buyers looking for a move-in-ready home.
A rare opportunity to reimagine this contemporary residence in prestigious Arcadia Estates, Phoenix proper. This single-level home showcases soaring 12-ft ceilings, expansive glass, and an airy open layout with 3Bedrooms (2 ensuites) plus a versatile office easily converted to a 4th bedroom, and 3BA on a generous 0.31-acre lot. Sun-drenched living spaces create an elegant, welcoming ambiance. Enjoy a private community park, low HOA fees, and unmatched proximity to top schools, scenic trails, pickleball, and premier dining and shopping. Experience the potential and make this blank canvas your own! Seller to include a 1-year home warranty.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 36% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,827 | 2,715 | 55% |
| Lot Size | 13,119 | 9,936 | 67% |
| Price | $2.00M | $1.20M | 75% |
| Price per sq ft | $707 | $473 | 77% |
| Built year | 1996 | 1961 | 67% |
| HOA | $309 | $0 | 95% |
| Days on market | 79 | 1537 | 1% |
Feb 6, 2026
$1,999,999
Initial Listing