2601 E PARADISE Lane 18, Phoenix, AZ 85032, Phoenix AZ 85032
Situated on an expansive 35,480-square-foot (approximately 0.81-acre) lot in an evolving North Phoenix neighborhood, this R-3 zoned property presents a compelling opportunity for investors, developers, and visionaries looking to capitalize on the area's continued revitalization and long-term growth potential. Previously operating as a six-unit residential compound with multiple income-producing residences, the property offers a unique opportunity to reimagine its next chapter. The site has sustained significant fire damage, with only one of the original buildings remaining standing, creating
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Phoenix
This property is grouped with the current listings without a reported bedroom count in Phoenix. Its asking price falls near the 60th percentile of that active group. The comparison uses 572 active or publicly marketable listings from the same local MLS source, filtered to records without a reported bedroom count.
The property has been tracked for 0 days, while the current cohort averages 28 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $291,200, and the median is $205 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 16225 N CAVE CREEK Road 79, Phoenix, AZ 85032 | Aug 12, 2026 | 2 bd · 800 sqft | $12,000 | 0.2 mi |
| 2335 E BEVERLY Lane, Phoenix, AZ 85022 | Jun 5, 2026 | 4 bd · 1,315 sqft | $333,400 | 0.3 mi |
| 2826 E TRACY Lane 4, Phoenix, AZ 85032 | Jun 24, 2026 | 4 bd · 1,767 sqft | $339,800 | 0.3 mi |
| 16602 N 25 Street 225, Phoenix, AZ 85032 | Aug 31, 2026 | 3 bd · 1,136 sqft | $172,500 | 0.4 mi |
| 16602 N 25th Street 129, Phoenix, AZ 85032 | Aug 31, 2026 | 3 bd · 1,136 sqft | $165,000 | 0.4 mi |
| 2829 E TRACY Lane 4, Phoenix, AZ 85032 | Oct 7, 2026 | 3 bd · 1,110 sqft | $249,000 | 0.4 mi |
| 2901 E PARADISE Lane, Phoenix, AZ 85032 | Aug 31, 2026 | 3 bd · 1,600 sqft | $400,000 | 0.4 mi |
| 2709 E PHELPS Road, Phoenix, AZ 85032 | Sep 25, 2026 | 3 bd · 1,650 sqft | $360,000 | 0.4 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $499,000 · Active
- $499,000 · Active
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Similar active homes in Phoenix
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
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