5047 E CHEERY LYNN Road, Phoenix, AZ 85018, Phoenix AZ 85018
Perfect Arcadia Opportunity - Remodel or Build Your Dream Home! Nestled in the premier Arcadia area, this generous, oversized quarter-acre lot is tucked away in a peaceful, low-traffic cul-de-sac and offers a blank canvas for your dream home in one of Phoenix's most desirable and charming neighborhoods. The lot currently has its original 1958 home that is ready to be reimagined, or clear it to build your custom luxury home from the ground up. This premium property combines generous space, a prime location, and access to excellent schools with the coveted Arcadia lifestyle that places you minut
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 offered at $544 per square foot, compared with a $260 median for active 3-bedroom homes in Phoenix. Its asking price falls near the 91st percentile of that active group. The comparison uses 2,766 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 25 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 $1,262,500, and the median is $458 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 |
|---|---|---|---|---|
| 5001 E FLOWER Street, Phoenix, AZ 85018 | Aug 31, 2026 | 4 bd · 2,602 sqft | $1,175,000 | 0.1 mi |
| 5145 E PINCHOT Avenue, Phoenix, AZ 85018 | Aug 14, 2026 | 5 bd · 3,336 sqft | $2,060,000 | 0.2 mi |
| 3023 N 49TH Street, Phoenix, AZ 85018 | May 8, 2026 | 4 bd · 2,453 sqft | $1,350,000 | 0.2 mi |
| 4822 E EARLL Drive, Phoenix, AZ 85018 | Jun 30, 2026 | 3 bd · 2,079 sqft | $730,000 | 0.3 mi |
| 4816 E EARLL Drive, Phoenix, AZ 85018 | Apr 30, 2026 | 2 bd · 1,517 sqft | $660,000 | 0.3 mi |
| 3002 N 53RD Place, Phoenix, AZ 85018 | May 1, 2026 | 4 bd · 4,548 sqft | $1,635,000 | 0.3 mi |
| 5321 E Earll Drive, Phoenix, AZ 85018 | Oct 30, 2026 | 4 bd · 3,622 sqft | $2,300,000 | 0.3 mi |
| 2940 N 53RD Place, Phoenix, AZ 85018 | Oct 28, 2026 | 3 bd · 1,400 sqft | $650,000 | 0.3 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.
- $1,250,000 · Active
- $1,250,000 · Active
- $1,250,000 · Active
- $1,250,000 · Active
- $1,250,000 · Active
Continue comparing
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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.
View all Phoenix homes for sale · See the Phoenix market report