5541 E CHEERY LYNN Road, Phoenix, AZ 85018, Phoenix AZ 85018
Welcome to this beautifully updated 4 bedroom, 2 bathroom home in the heart of Arcadia, where style, comfort, and income potential come together. This active and highly successful short term rental has been thoughtfully designed with high end furnishings and standout amenities, making it an exceptional opportunity for both investors and owner occupants. Inside, no expense was spared. The open concept floor plan features quartz countertops, a massive center island with microwave drawer, designer herringbone tile backsplash, and tile flooring extended throughout the entire home for a clean, c
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 $573 per square foot, compared with a $265 median for active 4-bedroom homes in Phoenix. Its asking price falls near the 80th percentile of that active group. The comparison uses 1,620 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 0 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 $960,000, and the median is $417 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 |
|---|---|---|---|---|
| 5545 E EARLL Drive, Phoenix, AZ 85018 | Sep 1, 2026 | 5 bd · 3,910 sqft | $1,100,000 | 0.1 mi |
| 5513 E EARLL Drive, Phoenix, AZ 85018 | Sep 3, 2026 | 3 bd · 1,240 sqft | $515,000 | 0.1 mi |
| 3012 N 56TH Street, Phoenix, AZ 85018 | Sep 21, 2026 | 3 bd · 1,683 sqft | $665,000 | 0.2 mi |
| 5517 E AVALON Drive, Phoenix, AZ 85018 | Aug 5, 2026 | 4 bd · 1,798 sqft | $752,500 | 0.2 mi |
| 5438 E AVALON Drive, Phoenix, AZ 85018 | Jun 5, 2026 | 4 bd · 2,500 sqft | $1,440,000 | 0.2 mi |
| 5401 E CHEERY LYNN Road, Phoenix, AZ 85018 | Jun 11, 2026 | 5 bd · 2,654 sqft | $2,000,000 | 0.2 mi |
| 5438 E PINCHOT Avenue, Phoenix, AZ 85018 | May 15, 2026 | 3 bd · 2,167 sqft | $820,000 | 0.3 mi |
| 3131 N 53RD Place, Phoenix, AZ 85018 | Jun 25, 2026 | 5 bd · 3,766 sqft | $3,075,000 | 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.
- $1,025,000 · Pending
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