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Phoenix 85015 Encanto Terrace
1724 W THOMAS Road
Photo of 1724 W THOMAS Road
Sold on Aug 13, 2026

31

Map

Photo of 1724 W THOMAS Road
Photo of 1724 W THOMAS Road
$518,000
● House - Off Market

1724 W THOMAS Road

Phoenix, AZ 85015
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,426 Ft²
$2,826
Est. Monthly

About This Property

Includes CASITA!! Classic Central Phoenix charm meets modern upgrades in this fully remodeled mid century home with built-in income potential. The 3br/2ba main house offers a light, open layout that boasts contemporary finishes throughout. Both the primary residence and detached 438sq ft casita were fully updated in 2018, creating a cohesive, move-in-ready property. Ideal for investors or future owner-occupants seeking flexibility and long-term value. Located in a desirable Central Phoenix neighborhood close to dining, shopping, and major commuter routes, this property delivers charm, and updates, in one rare opportunity.
Unit Size
2,426 Ft²
Days on Market
162 days
Land Size
0.18 acres
Price per sqft
$218
Property Type
House
Property Taxes
$223
HOA Dues
-
Year Built
1947

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago (ARMLS #6980439)

Price History

Date / Event Date Event Price
Aug 13, 2026 Sold
Premium
Sold
Jul 7, 2026 In contract -
In contract
Jun 15, 2026 Relisted $530,000
Relisted
Jun 3, 2026 In contract -
In contract
May 28, 2026 Price Decreased $530,000
↓ $15K (2.8%)
Price Decreased
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 18
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 6
  • Patio Type: 38
  • Porch Type: 14
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,832
  • Total Building Area: 1,988
  • Gross Building Area: 1,988
  • Building Area: 1,988
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,988
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ENCANTO TERRACE PLAT 2
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0181
  • Legal Description 1: ENCANTO TERRACE PLAT 2 MCR 32/34

Neighborhood

  • School District Name: Phoenix Union High School District
  • Census Tract: 110400

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 3234
  • Parcel: 110-33-063
  • Lot: 87
  • Meridian: SEC 30 TWN 2N RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.4808
  • Longitude: -112.097

    Address

  • Full Address: 1724 W Thomas Rd
  • Address - House Number: 1724
  • Street Direction: W
  • Address - Street Name: Thomas
  • Address - Suffix Type: Rd
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C004
  • 4-Digit Zip Code: 6106
  • Zip Code: 85015

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $256,724
  • Tax Rate Code Area: 081300

    Appraisal Valuation

  • Standard Deviation: 0.1503
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 81
  • Final Value: 633,269
  • High Value: 728,485
  • Low Value: 538,052

    Market Valuation

  • Market Total Value: $404,600
  • Market Land Value: $80,900
  • Market Improvement Value: $323,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,460
  • Assessed Land Value: $8,090
  • Assessed Improvements Value: $32,370

    Sales

  • Current Sale Contract Date: Oct 08, 2018
  • Current Sale Recording Date: Oct 17, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20180779096
  • Previous Sale Recording Date: Oct 20, 2017
  • Previous Sale Contract Date: Oct 18, 2017
  • Previous Sale Amount: $214,900
  • Previous Sale Document Type: 68

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Encanto

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$344

Below Asking

0.03%

Average Days on Market

99

Average Home Size

1641 ft²

Average Home Age

59.4 years

Currently For Sale

264 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 38 W Vernon Avenue, Phoenix, AZ, 85003

$5,500 /mo

  • 4 Beds
  • 3 Baths
  • 3,095 ft²
38 W Vernon Avenue, Phoenix, AZ, 85003 Listing by Stephanie Bray
Unit for rent at 777 N Central Avenue, Phoenix, AZ, 85004

$6,225 /mo

  • 2 Beds
  • 2 Baths
  • 1,524 ft²
777 N Central Avenue #PH2, Phoenix, AZ, 85004 Listing by Heather Troost
Unit for rent at 60 E Hoover Avenue, Phoenix, AZ, 85004

$3,145 /mo

  • 2 Beds
  • 2 Baths
  • 1,276 ft²
60 E Hoover Avenue, Phoenix, AZ, 85004 Listing by Kelly Martin

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Xan M Lapointe, Realty ONE Group
Last Updated: 3 months ago
Data Source: ARMLS, MLS# 6980439
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 1724 West Thomas Road built and last sold?
The property at 1724 West Thomas Road was built in 1947 and last sold on Oct 8, 2018 for $390,000.
How much is this home worth?
The estimated value of the home located at 1724 West Thomas Road is $549,060.
What are some comparable homes to 1724 West Thomas Road?
There are currently no comparable homes to 1724 West Thomas Road.
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