5508 E CAMBRIDGE Avenue, Phoenix, AZ 85008, Phoenix, 85008 - 3 bed, 2 bath
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Phoenix, AZ 85008
High-Potential Investment Opportunity listed at $750,000—positioned well below the $777,283 Fair Market Value <span class="text-green-600 font-bold underline">by 3%. This valuation provides <span class="text-green-600 font-bold underline">$27,283 in Instant Equity for a home with a Condition Rating of 2. Featuring a top-to-bottom renovation, designer kitchen, and a new heated/cooled pool with mountain views, the property offers a premium lifestyle near Griffith Elementary and Camelback High. It is the perfect fit for <span class="text-blue-600 font-bold">Owner-Occupants or <span class="text-purple-600 font-bold">lifestyle-focused buyers seeking a move-in-ready sanctuary."
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Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5508 E CAMBRIDGE Avenue Subject | $735,000* List Price | 3 | 2 | 1,399 | $498 | - |
A 2623 N WALKER Way Sold | $800,000 | 3 | 2 | 1,870 | $428 | 0.1 mi |
B 2623 N WALKER Way Sold | $800,000 | 4 | 2 | 1,870 | $428 | 0.1 mi |
C 5449 E CAMBRIDGE Avenue Active | $775,000 List Price | 3 | 2 | 1,468 | $528 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive top-to-bottom renovation within the last 5 years, featuring a modern kitchen, designer bathrooms with high-end gold fixtures, and new flooring throughout. All major systems including the HVAC, roof, windows, and sewer lines have been replaced, and the home features a brand-new heated/cooled pool, meeting the highest standards for a turnkey, fully updated residence.
The home has been extensively renovated with high-value upgrades including a new roof, HVAC, windows, and ABS sewer lines, offering peace of mind and immediate move-in readiness.
Features a brand-new heated and cooled pool, mountain views, and an oversized covered patio, creating a year-round outdoor oasis in a low-maintenance setting.
Ideally positioned between Arcadia and South Scottsdale, providing quiet residential living with rapid access to Papago Mountain trails and popular local dining.
The assigned public schools have lower performance ratings (3 and 4 out of 10), which may impact long-term resale value or appeal to families prioritizing education.
With under 1,400 square feet of living space, the interior footprint is relatively small for a three-bedroom home at this price point, potentially limiting its appeal for larger households.
This spot is one of those rare finds right between Arcadia and South Scottsdale, close to everything but still tucked into a quiet neighborhood. Truly one of Phoenix's best-kept secrets. With Papago Mountain just south of you, outdoor adventure is at your door step. You've got easy access to hiking trails, mountain biking paths, even an archery range, plus you're just a quick bike ride from all the restaurants, breweries, and local favorites in Arcadia and South Scottsdale. The space is filled with natural light and has been thoughtfully updated from top to bottom with new flooring, kitchen, bathrooms and stylish finishes throughout. Even the big stuff is done: New POOL, HVAC, ROOF, WATER HEATER, WINDOWS, ABS SEWER LINES and more! The brand new pool is both heated, and cooled, making the outdoor space useable year round. The backyard has an oversized covered patio extending the entire length of the home. In the back is low maintenance landscape with turf complimenting the desert scape in the front. There is even a secondary patio off the dining area. If you're looking for more than just a house, this is it. It's a true community. The kind of place where neighbors host potlucks, wave hello on evening walks, and take your trash bins out when you're out of town. This one is it!
No exterior & parking available.
Grades PK-8 • 1.3 mi
Grades 9-12 • 4.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,399 | 1,518 | 38% |
| Lot Size | 6,325 | 7,777.5 | 13% |
| Price | $735.0K | $380.0K | 92% |
| Price per sq ft | $525 | $252 | 96% |
| Built year | 1976 | 1954 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 60 | 1569 | 2% |
Apr 14, 2026
$735,000
$750,000
-2% Price Drop
Initial Listing
Feb 25, 2026
$750,000
Initial Listing