7540 E CANNON Drive, Scottsdale, AZ 85258, Scottsdale, 85258 - 4 bed, 2 bath
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Scottsdale, AZ 85258
This Renovated Scottsdale Sanctuary is a High-Potential Investment Opportunity, with a List Price of $1,180,000—positioned well below the $1,353,629 Fair Market Value by 12%. This valuation gap provides $173,629 in Instant Equity. Boasting a Turnkey Condition Rating from a $400,000 renovation, the home features a modern designer kitchen and a resort-style backyard with a pebble-tec pool. Located near top-rated Cochise Elementary (9/10), it balances luxury living with immediate financial gain. This is an ideal acquisition for Owner-Occupants or families seeking a move-in-ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7540 E CANNON Drive Subject | $1,180,000* List Price | 4 | 2 | 2,034 | $666 | - |
A 8007 E DEL TESORO Drive Sold | $1,215,000 | 3 | 2 | 2,136 | $569 | 1.0 mi |
B 10031 N 77TH Place Active Under Contract | $1,070,000 List Price | 4 | 2 | 2,386 | $448 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property has undergone an extensive $400,000+ renovation within the last 5 years, effectively neutralizing its 1981 build date. The interior features a modern kitchen with high-end LG appliances and designer tile, updated bathrooms, engineered wood flooring, and new windows. Major systems including HVAC, electrical, and plumbing have been upgraded, and the resort-style backyard is professionally landscaped, meeting the criteria for a turnkey, like-new condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14374, living area = 2034.
Elementary School: Cochise Elementary School (9/10).
With over $400,000 invested in high-end upgrades including a modern kitchen, updated bathrooms, new windows, and major systems like HVAC and electrical, this home offers a move-in-ready experience with minimal deferred maintenance.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2034, other record living area = 1987.
At a listing price of $1.18M for 2,034 square feet, the property commands a high price per square foot that may be a deterrent for buyers prioritizing interior volume over high-end finishes.
The 4-bedroom layout is supported by only 2 bathrooms, which may be considered a drawback for larger families or those accustomed to a higher bathroom-to-bedroom ratio in this price bracket.
Beautifully renovated 4 bedroom, 2 bathroom home on a quiet cul-de-sac in a prime Scottsdale location near McCormick Ranch. Featuring a modern kitchen and updated bathrooms, engineered wood flooring, new windows, upgraded electrical outlets, switches and fans, and a well-maintained AC system. Approximately $400,000+ invested into the home including kitchen and bath remodels, flooring, drywall finish, windows, HVAC, water heater, insulation, electrical, CAT6 wiring, and backyard improvements creating a turnkey property with minimal deferred maintenance. The resort-style backyard features a pebble-tec pool with waterfall and firepit, new landscaping and lighting, and plenty of space for entertaining and everyday living. Light-filled living areas and open layout make home feel spacious and inviting. Maintenance prepaid through 2029 for added ownership peace of mind. LG stacked washer and dryer, wine cooler and included appliances convey. Convenient access to dining, shopping and freeways.
No exterior & parking available.
Grades PK-5 • 1.4 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 52% |
| Baths | 2.0 | 3.0 | 43% |
| Square foot | 2,034 | 2,422.5 | 22% |
| Lot Size | 14,374 | 9,989.5 | 88% |
| Price | $1.18M | $855.5K | 64% |
| Price per sq ft | $580 | $424 | 83% |
| Built year | 1981 | 1983 | 45% |
| HOA | $560 | $222 | 94% |
| Days on market | 69 | 2114 | 1% |
Feb 13, 2026
$1,180,000
Initial Listing