5041 N 34TH Street, Phoenix, AZ 85018, Phoenix, 85018 - 4 bed, 2 bath
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Phoenix, AZ 85018
This Value-Add Residential Asset is a Strong Value Opportunity, listed at $1,050,000—positioned well below the $1,116,964 Fair Market Value by 5%. This valuation gap provides $66,964 in Instant Equity for buyers. While maintaining a Condition Rating of 4, the property features Stunning Camelback Mountain Views and an Oversized 16,871 Sq. Ft. Irrigated Lot. Located near Biltmore Preparatory Academy, the outdated interior offers significant upside through modernization. This is an ideal acquisition for Owner-Occupants seeking a custom renovation or Value-Add Investors targeting the 85018 corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5041 N 34TH Street Subject | $1,025,000* List Price | 4 | 2 | 2,168 | $510 | - |
A 4814 N 35TH Street Sold | $880,000 | 4 | 3 | 2,159 | $408 | 0.2 mi |
B 3740 E CAMPBELL Avenue Sold | $1,070,000 | 2 | 2 | 2,073 | $516 | 0.8 mi |
C 3910 E HIGHLAND Avenue Sold | $935,000 List Price | 3 | 2 | 1,587 | 0.7 mi | |
D 5071 N 38TH Place Sold | $1,000,000 | 4 | 3 | 2,877 | $348 | 0.5 mi |
E 3421 E CAMELBACK Road Active | $795,000 List Price | 4 | 3 | 2,003 | $397 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, this property is well-maintained but largely outdated. The kitchen features original-style wood cabinetry, tiled countertops with wide grout lines, and older white appliances. While the flooring has been updated to a modern laminate, the overall interior, including light fixtures and windows with security bars, reflects its age and requires significant modernization to meet current luxury standards for the Phoenix market.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16871, living area = 2168.
Situated in the prestigious Camelback Shadows subdivision, this property offers stunning, direct views of Camelback Mountain, a highly coveted feature that drives significant long-term value.
The premium 16,871 sq. ft. oversized lot is irrigated and features mature landscaping, providing a rare level of outdoor space, privacy, and lush greenery for the Phoenix area.
Built in 1962, the home may require significant interior updates or cosmetic renovations to meet the contemporary luxury standards expected at this price point.
The assigned high school currently holds a lower performance rating, which may be a concern for families prioritizing education or impact future resale appeal to that specific demographic.
Absolutely Stunning Location w/Views of Camelback Mountain, Welcome to Camelback Shadows! This 4 Bedroom, 2 Bath, Single Level Home is Located on Premium Oversized Irrigated Lot, Formal Front Living Room, Kitchen w/Eat-In Kitchen Dining, Separate Family Room, Spacious Arizona/Bonus Room w/Views of the Massive Backyard, 3 Additional Bedroom & Hall Bathroom, Covered Backyard Patio, Mature Trees & Landscaping, Separate Workshop, 2 Car Garage, Come Check Out This Home!
No exterior & parking available.
Grades K-8 • 0.5 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 27% |
| Square foot | 2,168 | 2,705 | 29% |
| Lot Size | 16,871 | 9,936 | 74% |
| Price | $1.02M | $1.15M | 48% |
| Price per sq ft | $473 | $473 | 50% |
| Built year | 1962 | 1961 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 1537 | 0% |
Apr 25, 2026
$1,025,000
$1,050,000
-2% Price Drop
Initial Listing
Apr 10, 2026
$1,050,000
Initial Listing