5525 E THOMAS Road A2, Phoenix, AZ 85018, Phoenix, 85018 - 2 bed, 1 bath
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Phoenix, AZ 85018
This Rare Arcadia Entry-Level Townhouse is listed at $225,000, offering a stable and accessible entry point into a premium real estate corridor near its $208,585 Fair Market Value. Maintaining a Condition Rating of 4, the residence is move-in ready and features stainless steel appliances and recessed lighting, while providing future value-add potential through cosmetic modernization. Its prime location ensures exceptional access to Scottsdale and Downtown Phoenix amenities. This property is a strategic acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity in a high-demand neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5525 E THOMAS Road A2 Subject | $205,000* List Price | 2 | 1 | 848 | $232 | - |
A 5525 E THOMAS Road M11 Sold | $177,500 | 1 | 1 | 796 | $223 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready but features dated finishes consistent with a partial renovation from 15-20 years ago. While the kitchen includes updated stainless steel appliances and recessed lighting, the oak cabinetry, laminate countertops, and older bathroom tile work reflect the home's 1974 construction and lack of a recent full-scale modernization.
Situated in the highly sought-after Arcadia area, this property offers exceptional access to both Downtown Phoenix and Scottsdale's premier dining, shopping, and entertainment districts.
Priced competitively at $225,000, this condo represents a rare and accessible opportunity for first-time homebuyers to gain equity in a premium real estate market.
Given its desirable location and functional two-bedroom configuration, the property holds significant appeal for investors looking for a high-demand rental unit in a central corridor.
Built in 1974, the property may require capital improvements or cosmetic updates to modernize the space and address the wear of a fifty-year-old structure.
The single-bathroom layout for a two-bedroom residence can be a drawback for households with multiple occupants or those prioritizing modern convenience and privacy.
DON'T MISS THIS RARE ARCADIA AREA CONDO. GREAT OPP FOR FIRST TIME HOME BUYER LOOKING FOR GREAT NEIGHBORHOOD WITH EASY ACCESS TO DOWNTOWN AND SCOTTSDALE.
No exterior & parking available.
Grades PK-8 • 1.4 mi
Grades 9-12 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 848 | - |
| Lot Size | 900 | - |
| Price | $205.0K | $341.8K |
| Price per sq ft | $242 | $259 |
| Built year | 1974 | 0 |
| HOA | $341 | $0 |
| Days on market | 113 | 1211 |
Apr 15, 2026
$205,000
$225,000
-9% Price Drop
Initial Listing
Apr 1, 2026
$225,000
Initial Listing