6051 N GRANITE REEF Road, Scottsdale, AZ 85250, Scottsdale, 85250 - 3 bed, 2 bath
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Scottsdale, AZ 85250
This Modernized Scottsdale Townhouse represents a Prime Investment Opportunity, listed at $419,000—positioned well below the $440,818 Fair Market Value by 4%. This valuation gap provides $21,818 in Instant Equity. Boasting a Condition Rating of 2, the residence features a remodeled granite kitchen, wood flooring, and a tankless water heater. Residents benefit from scenic park views and proximity to top-rated Pueblo Elementary. With short-term rentals permitted, this asset offers exceptional versatility for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6051 N GRANITE REEF Road Subject | $414,900* List Price | 3 | 2 | 1,408 | $315 | - |
A 5833 N 81ST Street Sold | $417,000 | 3 | 3 | 1,344 | $310 | 0.4 mi |
B 8554 E McDonald Drive Sold | $375,000 List Price | 3 | 2 | 1,408 | 0.1 mi | |
C 5140 N 83RD Street Sold | $400,000 | 3 | 2 | 1,352 | $296 | 0.9 mi |
D 8315 E ORANGE BLOSSOM Lane Sold | $525,000 | 3 | 2 | 1,576 | $333 | 1.0 mi |
E 5146 N GRANITE REEF Road Sold | $455,000 | 3 | 3 | 1,752 | $260 | 0.8 mi |
F 8333 E ORANGE BLOSSOM Lane Sold | $485,000 List Price | 3 | 2 | 1,576 | 1.0 mi | |
G 8342 E KEIM Drive Active | $499,500 List Price | 3 | 2 | 1,352 | $369 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1964, the property has undergone extensive recent renovations within the last 5 years. The interior features modern wood flooring, a fully updated kitchen with granite countertops and farmhouse sink, and a contemporary bathroom with subway tile. Key systems have been modernized, including a new electric panel and a tankless water heater, making it move-in ready with no deferred maintenance.
The property explicitly allows short-term rentals in a high-demand Scottsdale location, making it an ideal opportunity for investors seeking vacation rental income.
Situated directly across from a community park and minutes from Old Town Scottsdale, the Greenbelt, and Loop 101, offering residents premier access to dining, shopping, and recreation.
Significant recent upgrades including a tankless water heater, new electric panel, and a remodeled kitchen with granite countertops and double ovens reduce immediate capital expenditure for the buyer.
Originally built in 1964, the structure may present long-term maintenance challenges or efficiency limitations common with older vintage townhomes.
The $399 monthly HOA fee represents a significant recurring expense that impacts the buyer's debt-to-income ratio and overall monthly affordability.
Welcome to 6051 N Granite Reef Rd A Cheerful Scottsdale Townhouse in the heart of America's Most Livable City **Short Term Rentals Allowed!** Located minutes from the Greenbelt, Old Town Scottsdale, Shopping, Dining & Loop 101. Situated Directly across from the community park, Buyers enter to a flowing open floorplan complete with beautiful wood floors and 6'' baseboards throughout. Oversized front window is framed by built-in shelves and drawers. Kitchen boasts granite countertops, farmhouse sink, double oven and low profile microwave. French doors lead to a charming, private back patio. Recent Upgrades include tankless water heater, reverse osmosis system, electric panel, garbage disposal, dishwasher. HOA Fee includes Roof Repair; Water; Sewer; Trash, front + common
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 60% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,408 | 1,578 | 42% |
| Lot Size | 153 | 2,120 | 4% |
| Price | $414.9K | $330.0K | 55% |
| Price per sq ft | $295 | $260 | 55% |
| Built year | 1964 | 1974 | 9% |
| HOA | $399 | $275 | 77% |
| Days on market | 62 | 2175 | 2% |
May 22, 2026
$414,900
$419,000
-1% Price Drop
Initial Listing
Apr 6, 2026
$419,000
Initial Listing