5002 E KAREN Drive, Scottsdale, AZ 85254, Scottsdale, 85254 - 4 bed, 2 bath
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Scottsdale, AZ 85254
This Spacious Single-Story Residence represents a Strategic Value-Add Opportunity in Scottsdale’s "Magic Zip Code," listed at $790,000—positioned at its $790,000 Fair Market Value. Currently holding a Well-Maintained 1990 Condition Rating, the home features a functional 4-bedroom layout and vaulted ceilings ready for cosmetic modernization to maximize appreciation. Premium amenities include a Private Pool, 3-Car Garage, and No HOA fees, all within the prestigious Paradise Valley School District near Liberty Elementary. This property is ideal for Owner-Occupants seeking forced appreciation or Buy-and-Hold Investors targeting a high-demand Scottsdale location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5002 E KAREN Drive Subject | $790,000* List Price | 4 | 2 | 2,318 | $341 | - |
A 5350 E HILLERY Drive Sold | $870,000 | 4 | 2 | 2,244 | $388 | 0.5 mi |
B 5122 E BLANCHE Drive E Sold | $720,000 List Price | 4 | 2 | 2,074 | 0.2 mi | |
C 16014 N 49th Street Sold | $890,000 | 4 | 3 | 2,060 | $432 | 0.5 mi |
D 5302 E Marconi Avenue Sold | $800,000 List Price | 4 | 2 | 2,352 | 0.6 mi | |
E 14248 N 56TH Place Sold | $722,000 | 4 | 2 | 1,812 | $398 | 1.0 mi |
F 14440 N 56TH Place Sold | $669,000 | 2 | 2 | 2,106 | $318 | 0.9 mi |
G 15220 N 52ND Street Active | $839,000 List Price | 3 | 2 | 1,985 | $423 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained but remains largely in its original 1990 condition. The kitchen features dated oak cabinetry, laminate countertops, and older white appliances, while the bathrooms and light fixtures also reflect the home's original build era. While functional and clean, the home requires cosmetic updates and modernization to meet current market standards for the area.
Situated in the 'Magic Zip Code' 85254, this property offers the prestige of a Scottsdale address combined with the sought-after Paradise Valley School District and proximity to high-end retail and dining.
The inclusion of a private backyard pool and a spacious three-car garage provides significant value, catering to both Arizona's outdoor lifestyle and the need for ample vehicle or hobby storage.
The absence of a homeowners association offers buyers greater freedom from restrictive regulations and eliminates monthly dues, a rare and attractive feature for this neighborhood.
Built in 1990, the home may require cosmetic updates to its interior finishes to meet the expectations of modern luxury buyers and fully realize its appreciation potential.
The fourth bedroom is currently configured as a den or open space, which may necessitate additional construction or modification for families requiring four fully private bedrooms.
Seller wants this single-story home located in the magic zip code ''85254'' heart of Scottsdale's in Santiago subdivision SOLD. This beautifully maintained #4 bedroom, #2 bath home with 2,318 square feet of living space on an expansive 8,603 square foot lot. With three spacious bedrooms one bedroom/ den and open room configurations, upgraded dual pane windows and blinds, high vaulted ceilings and it's perfectly suited for both comfort family living and entertaining. When stepping inside to discover a bright, open interior featuring durable stucco and elegant concrete tile roofing. An attached three-car garage provides ample space for parking and storage, while the gorgeous backyard invites you to relax or entertain beside the relaxing pool. Located in the Paradise Valley school dis. this property offers the perfect blend of tranquility and convenience. You'll enjoy easy access to Scottsdale's vibrant shopping, dining, and entertainment options, as well as major roadways for a smooth commute. this home represents an exceptional opportunity in one of Scottsdale's most desirable neighborhoods, it stands as a testament to the area's enduring appeal and strong property appreciation. Don't miss your chance to own this exceptional Scottsdale retreat. Contact your local real estate agent today to schedule a private showing and experience the charm and potential of 5002 E Karen Drive for yourself.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades 7-8 • 0.4 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,318 | 2,221.5 | 55% |
| Lot Size | 8,603 | 10,215.5 | 24% |
| Price | $790.0K | $705.0K | 56% |
| Price per sq ft | $341 | $363 | 47% |
| Built year | 1990 | 1984 | 76% |
| HOA | $0 | $0 | 50% |
| Days on market | 164 | 2218 | 2% |
Nov 10, 2025
$790,000
Initial Listing
Aug 15, 1990
$123,141
Public Record