8517 E THOMAS Road, Scottsdale, AZ 85251, Scottsdale, 85251 - 4 bed, 2 bath
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Scottsdale, AZ 85251
This Centrally Located South Scottsdale Residence is a Move-In Ready Home listed at $575,000, representing a stable acquisition at its $575,000 Fair Market Value. Boasting a Good Condition Rating, the home features modernized bathrooms, updated wood-look flooring, and scenic mountain views. The 7,284 sq. ft. lot and no HOA status provide excellent flexibility for short-term rental use or future expansion near Old Town Scottsdale. This property is an ideal match for Owner-Occupants prioritizing location or Buy-and-Hold Investors seeking a versatile, high-yield asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8517 E THOMAS Road Subject | $575,000* List Price | 4 | 2 | 1,662 | $346 | - |
A 3809 N 85th Place Sold | $643,000 List Price | 4 | 2 | 1,830 | 0.9 mi | |
B 8124 E Mitchell Drive Sold | $649,997 | 3 | 2 | 1,536 | $423 | 0.8 mi |
C 3138 N 82ND Place Sold | $590,000 | 3 | 2 | 1,644 | $359 | 0.5 mi |
D 8502 E FAIRMOUNT Avenue Sold | $496,500 List Price | 3 | 2 | 1,752 | 0.9 mi | |
E 8526 E INDIANOLA Avenue Sold | $580,000 | 4 | 2 | 1,850 | $314 | 0.8 mi |
F 8531 E CLARENDON Avenue Active | $650,000 List Price | 3 | 2 | 1,641 | $396 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant recent cosmetic renovations despite its 1960 build date. The bathrooms have been fully modernized with contemporary tile work, new vanities, and updated fixtures. Throughout the home, there is updated large-format tile and wood-look flooring, along with recessed lighting and fresh paint. While the kitchen retains older oak cabinetry and white appliances, the overall presentation is clean and well-maintained, meeting the criteria for a 'Good' condition score as no immediate renovations are required for occupancy.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7284, living area = 1662.
Centrally located between Scottsdale and Hayden Roads, this property offers exceptional proximity to Old Town Scottsdale's premier dining, shopping, and entertainment districts.
With no HOA fees and a description highlighting short-term rental potential, this property provides significant flexibility for investors seeking high-yield opportunities or owner-occupants looking for future growth.
Situated directly on E Thomas Road, a major arterial thoroughfare, the property is subject to higher noise levels and traffic volume compared to interior lot locations.
Built in 1960, the property may require significant updates to its core systems and cosmetics to meet modern buyer expectations and maximize its 'upside potential'.
Centrally located on E Thomas Rd between Scottsdale Rd and Hayden Rd in desirable South Scottsdale, this property sits at an attractive price point with upside potential and flexibility for short- or long-term rental use. Convenient access to Old Town, dining, shopping, and major commuter routes makes this an ideal opportunity for investors or owner-occupants seeking value and future growth
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 54% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,662 | 1,876 | 28% |
| Lot Size | 7,284 | 7,638 | 43% |
| Price | $575.0K | $675.0K | 39% |
| Price per sq ft | $346 | $390 | 44% |
| Built year | 1960 | 1960 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 116 | 2096 | 1% |
Dec 28, 2025
$575,000
Initial Listing