8340 E THOMAS Road, Scottsdale, AZ 85251, Scottsdale, 85251 - 4 bed, 3 bath
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Scottsdale, AZ 85251
Analysis of 8340 E THOMAS Road, Scottsdale, AZ 85251 is currently available with a list price of $1,249,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Scottsdale Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property was built in 1978 and, while it has been maintained and partially updated over the years, it shows signs of being outdated. Interior photos reveal a mix of styles, including stained concrete flooring, stone accent walls, and bathroom tiling that appears to be from a renovation cycle approximately 15-20 years ago. While the home is functional and move-in ready for tenants, the 'drive-by only' restriction and the listing's own analysis suggest that significant modernization would be required to meet current luxury standards for the Scottsdale area.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 25962, living area = 2500.
The rare 0.6-acre lot with no HOA provides exceptional flexibility for adding a pool, additional dwellings, or pursuing a potential infill project in a high-demand Scottsdale location.
With a main home, separate casita, sport court, and RV access, the property is ideally configured for a multi-generational family compound or a lucrative short-term rental.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2500, other record living area = 2540.
The 'drive-by only' restriction and presence of tenants prevent immediate interior inspections, which can complicate the initial evaluation and due diligence process for buyers.
Built in 1978 and currently tenant-occupied, the home likely requires significant updates or repairs to align with modern luxury standards and maximize its market value.
Do NOT disturb tenants, drive-by Only! WOW!! This is a RARE opportunity to own .6 Acres of land in a prime area in the heart of Scottsdale!! Home, casita, garage, sport court, play areas, grass areas, many outdoor seating areas, view deck on main home, tons of parking, RV access, huge storage areas, and MORE!! NO HOA! Plenty of land to build additional dwellings and/or a pool etc. A perfect family compound or a potential Air BnB type property given the location and features! Zoning may allow a possible infill project, verify with the City of Scottsdale. Drive-by Only - do Not disturb the tenants, Thank you!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 54% |
| Baths | 3.0 | 2.0 | 64% |
| Square foot | 2,500 | 1,877 | 88% |
| Lot Size | 25,962 | 7,740.5 | 99% |
| Price | $1.25M | $682.5K | 83% |
| Price per sq ft | $500 | $403 | 76% |
| Built year | 1978 | 1960 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 502 | 2095 | 33% |
Dec 6, 2024
$1,249,000
Initial Listing