5525 E THOMAS Road C2, Phoenix, AZ 85018, Phoenix, 85018 - 2 bed, 2 bath
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Phoenix, AZ 85018
This Renovated Lower Arcadia Townhouse represents a Prime Investment Opportunity, listed at $299,000—positioned well below the $309,957 Fair Market Value by 3%. This valuation gap delivers $10,957 in Instant Equity. Featuring a Condition Score of 2, the home offers 2019 modern updates, including a shaker-style kitchen and stone countertops. With access to a heated pool, spa, and private patio, the property balances lifestyle with financial upside near Old Town Scottsdale. It is an elite choice for Owner-Occupants or Buy-and-Hold Investors.
Property is new construction or fully renovated.
The property underwent an extensive renovation in 2019, placing it within the 5-year window for high-quality updates. The kitchen features modern shaker-style cabinetry, stone countertops, a subway tile backsplash, and stainless steel appliances. Bathrooms are fully updated with contemporary vanities and custom tile work in the showers. Throughout the home, there are high-end finishes including wood-look flooring, recessed lighting, and plantation shutters, all of which meet current market standards with no visible deferred maintenance.
Situated in the highly desirable Lower Arcadia corridor, this property offers exceptional proximity to Old Town Scottsdale, Sky Harbor Airport, and major outdoor attractions like Papago Park.
Renovated in 2019, this first-floor unit features updated finishes that provide a move-in-ready experience, making it an ideal 'lock-and-leave' or turnkey investment.
The Spengler Condo community provides high-value amenities including a heated pool, hot tub, and clubhouse, which significantly enhance the lifestyle appeal and rental potential.
With an original build date of 1974, the complex may require ongoing maintenance of common elements, which is reflected in the $404 monthly association fees.
The assigned public schools carry lower academic ratings (3 and 4 out of 10), which could be a drawback for families prioritizing top-tier educational districts.
**CANCELLED** NOW RENTAL - NOT AVAIL TO LIST/SALE - - - - - - - - - - - - - Lower Arcadia gem! Renovated in 2019, this 2-bedroom, 2-bath first-floor condo in the highly desirable Spengler Condo community delivers the perfect blend of comfort and location. Residents enjoy resort-style amenities--heated pool, hot tub, BBQ grills, and clubhouse--plus 1 reserved covered parking space. Minutes to Old Town Scottsdale, quick freeway access, and about 5 miles to Sky Harbor Airport. Nearby you'll love Papago Park, Desert Botanical Garden, Phoenix Zoo, ASU, and Scottsdale Fashion Square. A fantastic primary residence, lock-and-leave, or investment opportunity in one of Phoenix's best central corridor.
No exterior & parking available.
Grades PK-8 • 1.5 mi
Grades 9-12 • 4.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 982 | - |
| Lot Size | 921 | - |
| Price | $299.0K | $341.8K |
| Price per sq ft | $304 | $259 |
| Built year | 1974 | 0 |
| HOA | $404 | $0 |
| Days on market | 124 | 1211 |
Mar 21, 2026
$299,000
Initial Listing