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 minutes away from elite dining, upscale shopping, Old Town Scottsdale, the Biltmore area and the airport. Don't miss your chance to secure this premium lot in this iconic neighborhood. Sold as-is.
For sale
$1,250,000
5047 E CHEERY LYNN Road, Phoenix, AZ 85018
3beds
2,297sqft
Single Family Residence
Built in 1958
0.27 Acres Lot
$-- Zestimate®
$544/sqft
$-- HOA
What's special
- 7 days
- 304
- 21
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Tara Sheffield 602-568-8550,
Goldwater Real Estate Advisors
Source: ARMLS,MLS#: 7088473
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Ceiling
Cooling
- Central Air
Appliances
- Included: Electric Range, Electric Oven
- Laundry: None
Features
- Full Bth Master Bdrm
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,297
- Total interior livable area: 2,297 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport, Open
- Carport spaces: 2
- Uncovered spaces: 2
Features
- Stories: 1
- Spa features: None
- Fencing: Block
Lot
- Size: 0.27 Acres
- Features: Dirt Front, Dirt Back
Details
- Parcel number: 12818044
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick Veneer, Board & Batten Siding, Wood Frame, Block
- Roof: Composition
Condition
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: OSBORN ESTATES 2
HOA
- Has HOA: No
- Services included: No Fees
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $544/sqft
- Tax assessed value: $648,000
- Annual tax amount: $2,841
- Date on market: 10/1/2026
- Cumulative days on market: 7 days
- Listing terms: Cash
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2026 | Listed for sale | $1,250,000$544/sqft |
Source:  ARMLS #7088473 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,660 +4.6% | $64,800 -13.8% |
| 2024 | $2,543 +3.1% | $75,150 +120% |
| 2023 | $2,467 -3.3% | $34,164 -20.8% |
| 2022 | $2,551 -3% | $43,110 -0.4% |
| 2021 | $2,630 +28.7% | $43,280 +5.2% |
| 2020 | $2,043 +21.8% | $41,160 +32.1% |
| 2019 | $1,678 | $31,160 |
| 2018 | $1,678 +1.3% | $31,160 |
| 2017 | $1,657 -15.7% | $31,160 -12.3% |
| 2016 | $1,965 +1% | $35,550 +14.1% |
| 2015 | $1,945 | $31,160 +24.6% |
| 2014 | -- | $25,000 +24.9% |
| 2013 | -- | $20,020 -13% |
| 2012 | -- | $23,010 -14.9% |
| 2011 | -- | $27,030 -15.9% |
| 2010 | -- | $32,130 -18.3% |
| 2009 | -- | $39,310 -18% |
| 2008 | -- | $47,950 +14.2% |
| 2007 | -- | $42,000 +100.5% |
| 2006 | -- | $20,950 |
| 2005 | -- | $20,950 +9.7% |
| 2004 | -- | $19,100 |
| 2003 | -- | $19,100 +41% |
| 2002 | -- | $13,550 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Camelback East
Nearby schools
Schools provided by the listing agent
- Elementary: Tavan Elementary School
- Middle: Ingleside Middle School
- High: Arcadia High School
- District: Scottsdale Unified District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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