5518 E THOMAS Road, Phoenix, AZ 85018, Phoenix, 85018 - 4 bed, 3 bath
Loading property details...
Phoenix, AZ 85018
This Modernized Arcadia-Adjacent Residence is a Strong Value Opportunity, listed at $1,200,000—positioned well below the $1,262,938 Fair Market Value by 4%. This valuation gap provides $62,938 in Instant Equity. Boasting a Condition Rating of 2, the home features a comprehensive remodel including new plumbing, electrical, and dual primary suites. The oversized 11,766 sqft lot offers rare ADU or guest house potential minutes from Old Town Scottsdale. This versatile asset is perfectly suited for Owner-Occupants seeking a turnkey sanctuary or Vacation Rental Investors looking for significant future upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5518 E THOMAS Road Subject | $1,200,000* List Price | 4 | 3 | 2,220 | $569 | - |
A 3127 N 60TH Street Sold | $1,525,000 | 4 | 2 | 2,212 | $689 | 0.7 mi |
B 3127 N 60TH Street Sold | $1,525,000 | 4 | 2 | 2,265 | $673 | 0.7 mi |
C 3127 N 60TH Street Sold | $1,525,000 | 4 | 2 | 2,184 | $698 | 0.7 mi |
D 3127 N 60TH Street Sold | $1,525,000 | 4 | 2 | 2,212 | $689 | 0.7 mi |
E 5320 E THOMAS Road Active | $855,000 List Price | 4 | 3 | 2,071 | $413 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive professional remodel approximately one year ago, including new plumbing, electrical, HVAC ducting, and windows. The interior features modern finishes such as wood-look flooring, updated cabinetry, quartz countertops, and contemporary bathroom tiling and fixtures, meeting the highest standards for move-in readiness with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11766, living area = 2220.
Situated in the highly desirable 85018 zip code, this property offers unparalleled access to Old Town Scottsdale, Sky Harbor Airport, and major freeways, making it a prime spot for both residents and vacation renters.
The home features extensive recent upgrades including new plumbing, electrical, AC ducting, and windows, combined with a modern layout featuring raised ceilings and dual primary suites.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2220, other record living area = 2188.
Located directly on Thomas Road, the property may experience significant traffic noise and privacy challenges compared to homes situated on quieter interior residential streets.
The assigned public schools for this address currently hold mid-range ratings (5-6 out of 10), which may be a drawback for families specifically seeking top-tier educational performance.
Perfect LOCATION! Phoenix address, 85018 school district, minutes from Old Town, 8 min to the airport, 2 min from freeway access, 10 min from Tempe. Remodeled about a year ago 4 bd, 3 ba home on a large lot. new plumbing, electrical, AC ducting, windows, raised ceilings, kitchen, and expanded primary suite/bath. Features 2 master bedrooms, alley access, and excellent ADU/guest house potential. Ideal for a growing family or a Vacation rental. Rare opportunity w/ space, versatility, and future upside. Enough space for a pickleball court, garage can easily be converted to guest quarters. Lots of space for guest house. Townhomes next door are brand new and renting for 3-3,500 a month. Lots of upside.
No exterior & parking available.
Grades PK-5 • 1.3 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,220 | 2,705 | 33% |
| Lot Size | 11,766 | 9,936 | 64% |
| Price | $1.20M | $1.20M | 51% |
| Price per sq ft | $541 | $473 | 61% |
| Built year | 1953 | 1961 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 1537 | 0% |
Apr 15, 2026
$1,200,000
Initial Listing