5962 N 83RD Street, Scottsdale, AZ 85250, Scottsdale, 85250 - 4 bed, 3 bath
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Scottsdale, AZ 85250
This Updated Scottsdale Townhouse is a Strong Value Opportunity, listed at $434,000—positioned well below the $462,133 Fair Market Value by 6%. This valuation gap secures $28,133 in Instant Equity for the buyer. While holding a Functional Condition Rating with a New Roof and HVAC, the interior offers significant upside through cosmetic modernization. Located moments from Chaparral Park and top-rated Pueblo Elementary, the property permits Unrestricted Seasonal Rentals. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand Scottsdale asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5962 N 83RD Street Subject | $417,900* List Price | 4 | 3 | 1,464 | $285 | - |
A 5932 N 83RD Street Sold | $389,000 List Price | 3 | 3 | 1,464 | 0.0 mi | |
B 8447 E MONTEBELLO Avenue Sold | $535,000 | 4 | 3 | 1,584 | $338 | 0.4 mi |
C 5468 N 78TH Street Sold | $470,000 List Price | 3 | 2 | 1,605 | 0.7 mi | |
D 5058 N 83RD Street Sold | $512,500 | 3 | 3 | 1,704 | $301 | 0.9 mi |
E 8317 E ORANGE BLOSSOM Lane Sold | $515,000 | 2 | 2 | 1,576 | $327 | 0.9 mi |
F 5146 N GRANITE REEF Road Sold | $455,000 | 3 | 3 | 1,752 | $260 | 0.7 mi |
G 8213 E ROVEY Avenue Pending | $409,000 List Price | 3 | 2 | 1,584 | $258 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is in functional, move-in ready condition with significant recent mechanical upgrades including the roof, HVAC, and appliances. However, the interior aesthetics are dated and reflect the property's 1972 origin. Visuals of the bathrooms show older fixtures, such as a pedestal sink and dated wall-mounted medicine cabinets, alongside older tile work. While the major systems are well-maintained, the home requires cosmetic modernization and interior renovations to meet current market standards for the Scottsdale area.
The property features no restrictions on seasonal rentals, making it a premier opportunity for investors looking to capitalize on Scottsdale's high demand for vacation and spring training housing.
Situated moments from Chaparral Park and Old Town Scottsdale, the home offers unparalleled access to scenic trails, elite dining, shopping, and entertainment hubs.
With the roof, HVAC system, and appliances already updated, the property reduces immediate capital expenditure requirements for the buyer, providing a move-in ready foundation.
At 1,464 square feet for a four-bedroom layout, the individual room sizes and living areas may feel cramped compared to more modern, spacious residential designs.
Despite mechanical updates, the 1972 construction may require further cosmetic renovations to meet the high-end contemporary standards expected in the Scottsdale market.
This house comes with a REDUCED RATE as low as 5.375% (APR 5.905%) as of 05/21/2026 through List & Lock™. This is a seller-paid rate buydown that reduces the buyer's interest rate and monthly payment. Terms apply, see disclosures for more information. Ideally located just moments from Chaparral Park, this Scottsdale townhome places you in the heart of one of the area's most loved outdoor destinations -- featuring walking and biking trails, lakes, baseball and soccer fields, community pool, and a fabulous dog park. The big-ticket items are already completed, including HVAC, roof, and appliances, giving buyers peace of mind while leaving the opportunity to add their own personal design touches to the interior. Enjoy an oversized back patio, perfect for relaxing, entertaining, or soaking up Arizona's beautiful weather. An added bonus -- no restrictions on seasonal rentals, creating exceptional flexibility for investors, part-time residents, or lock-and-leave ownership. Just minutes from Old Town Scottsdale, dining, shopping, golf, and entertainment, this home offers the perfect blend of location, lifestyle, and opportunity.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.0 | 91% |
| Baths | 3.0 | 2.0 | 57% |
| Square foot | 1,464 | 1,578 | 45% |
| Lot Size | 1,995 | 2,120 | 43% |
| Price | $417.9K | $325.0K | 60% |
| Price per sq ft | $285 | $260 | 55% |
| Built year | 1972 | 1974 | 38% |
| HOA | $255 | $257 | 49% |
| Days on market | 106 | 2294 | 2% |
May 26, 2026
$417,900
$418,000
+0% Price Increase
Initial Listing
Apr 24, 2026
$418,000
$434,000
-4% Price Drop
Initial Listing
Feb 27, 2026
$434,000
Initial Listing