7248 E LEWIS Avenue, Scottsdale, AZ 85257, Scottsdale, 85257 - 3 bed, 2 bath
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Scottsdale, AZ 85257
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $620,000—positioned slightly above the $592,797 Fair Market Value. While priced at market, the property offers a Condition Rating of 3, featuring modern tile flooring and a professionally landscaped backyard with an oversized gazebo. Its prime South Scottsdale location, combined with No HOA restrictions, provides exceptional flexibility for rental income or long-term appreciation. This turnkey asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home in a high-demand area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7248 E LEWIS Avenue Subject | $620,000* List Price | 3 | 2 | 1,506 | $394 | - |
A 6918 E PALM Lane Sold | $699,000 | 3 | 2 | 1,552 | $450 | 0.6 mi |
B 2613 N 70th Place Sold | $550,000 | 4 | 2 | 1,633 | $337 | 0.3 mi |
C 6838 E EDGEMONT Avenue Active | $494,488 List Price | 3 | 2 | 1,473 | $336 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1957, the property has undergone significant renovations likely within the 10-20 year range. The interior features consistent tile flooring and a renovated bathroom with stone-look tile and glass enclosures. The exterior shows a well-maintained roof and professional landscaping with pavers and artificial turf, making it move-in ready and functional.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7105, living area = 1506.
The property is ideally situated near Old Town Scottsdale, ASU, and major freeways, offering high desirability for residents and strong potential for short-term or long-term rental income.
The lack of a Homeowners Association provides owners with maximum flexibility for property modifications and eliminates monthly association fees, increasing overall affordability and freedom.
Dating back to 1957, the home may require ongoing maintenance or capital improvements to aging infrastructure such as plumbing and electrical systems compared to newer builds.
At 1,506 square feet, the home offers a more modest footprint that may not accommodate buyers seeking the expansive open-concept layouts found in more modern residential developments.
Wonderful 3-bedroom, 2-bath home in the heart of South Scottsdale! Located in a well-established neighborhood with no HOA, this easy-to-maintain home features tile flooring throughout, an inside laundry room, and a beautifully landscaped backyard complete with an oversized gazebo, perfect for entertaining or relaxing outdoors. Conveniently located just minutes from Old Town Scottsdale, Arizona State University, shopping, dining, and major freeways, offering easy access to everything the Valley has to offer. Ideal as a primary residence, second home, or investment property in one of Scottsdale's most desirable locations!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,506 | 1,600 | 36% |
| Lot Size | 7,105 | 7,309 | 48% |
| Price | $620.0K | $550.0K | 58% |
| Price per sq ft | $412 | $344 | 68% |
| Built year | 1957 | 1960 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 2424 | 2% |
Jun 4, 2026
$620,000
Initial Listing