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Phoenix 85023 Turtle Creek
518 W BEVERLY Lane
Photo of 518 W BEVERLY Lane
Sold on Sep 19, 2025

28

Map

Photo of 518 W BEVERLY Lane
Photo of 518 W BEVERLY Lane
$420,000
● House - Off Market

518 W BEVERLY Lane

Phoenix, AZ 85023
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,553 Ft²
$2,401
Est. Monthly
$243
HOA / Fees
5.29%
Cap Rate

About This Property

Beautifully updated home featuring a spacious kitchen with granite countertops, matching backsplash, cooktop, built-in microwave, and a charming garden window above the sink. Enjoy 18'' tile flooring throughout the main living areas, with plush carpet in the bedrooms. The inviting living room boasts an entertainment center, gas fireplace, and elegant glass shelving.

A large dining area provides plenty of space for gatherings. The master bathroom offers a luxurious shower and modern finishes. Atrium doors from both the kitchen and family room open to a covered patio overlooking the sparkling pool, perfect for indoor/outdoor living.
Unit Size
1,553 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$258
Property Type
House
Property Taxes
$194
HOA Dues
$243
Year Built
1986

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 2 months ago (ARMLS #6906672)

Price History

Date / Event Date Event Price
Sep 19, 2025 Sold
Premium
Sold
Aug 20, 2025 In contract -
In contract
Aug 15, 2025 Listed by RE/MAX Solutions $399,900
Listed by RE/MAX Solutions
Aug 7, 2025 Price Decreased $439,900
↓ $10K (2.2%)
Price Decreased
Jul 30, 2025 Price Decreased $449,900
↓ $20K (4.3%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 25
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 5,644
  • Total Building Area: 1,553
  • Gross Building Area: 1,553
  • Building Area: 1,553
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,553
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TURTLE CREEK
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: TURTLE CREEK MCR 249-12

Neighborhood

  • School District Name: Washington Elementary District
  • Census Tract: 103604

Zoning

  • Zoning: M-L

Geography

  • Assessors Map Reference: 24912
  • Parcel: 208-34-194
  • Lot: 194
  • Meridian: SEC 5 TWN 3N RNG 3E
  • Municipality: PHOENIX
  • Latitude: 33.6337
  • Longitude: -112.081

    Address

  • Full Address: 518 W Beverly Ln
  • Address - House Number: 518
  • Street Direction: W
  • Address - Street Name: Beverly
  • Address - Suffix Type: Ln
  • State: AZ
  • City Name: Phoenix
  • Carrier Code: C018
  • 4-Digit Zip Code: 7401
  • Zip Code: 85023

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $228,322
  • Tax Rate Code Area: 061300

    Appraisal Valuation

  • Standard Deviation: 0.147
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 461,761
  • High Value: 529,648
  • Low Value: 393,874

    Market Valuation

  • Market Total Value: $334,700
  • Market Land Value: $66,900
  • Market Improvement Value: $267,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,470
  • Assessed Land Value: $6,690
  • Assessed Improvements Value: $26,780

    Sales

  • Current Sale Contract Date: Mar 09, 2016
  • Current Sale Recording Date: Mar 16, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016-0170257
  • Previous Sale Recording Date: Mar 05, 2007
  • Previous Sale Contract Date: Feb 02, 2007
  • Previous Sale Amount: $290,000
  • Previous Sale Document Type: 71
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 Deer Valley

Stats & Trends

Median Asking:

$435,000

Sale Price/ft²

$267

Below Asking

0.02%

Average Days on Market

68

Average Home Size

1877 ft²

Average Home Age

33.5 years

Currently For Sale

518 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 1727 W Michigan Avenue, Phoenix, AZ, 85023

$2,195 /mo

  • 4 Beds
  • 3 Baths
  • 1,652 ft²
1727 W Michigan Avenue, Phoenix, AZ, 85023 Listing by Tiffany Beyer
Unit for rent at 739 E Michigan Avenue, Phoenix, AZ, 85022

$2,295 /mo

  • 3 Beds
  • 2 Baths
  • 1,419 ft²
739 E Michigan Avenue, Phoenix, AZ, 85022 Listing by Pamela J McCollough
Unit for rent at 507 W Bluefield Avenue, Phoenix, AZ, 85023

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,632 ft²
507 W Bluefield Avenue, Phoenix, AZ, 85023 Listing by Stephanie S Cunningham

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Michael Kent, RE/MAX Solutions
Last Updated: 2 months ago
Data Source: ARMLS, MLS# 6906672
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 518 West Beverly Lane built and last sold?
The property at 518 West Beverly Lane was built in 1986 and last sold on Mar 9, 2016 for $240,000.
How much is this home worth?
The estimated value of the home located at 518 West Beverly Lane is $0.
What are some comparable homes to 518 West Beverly Lane?
There are currently no comparable homes to 518 West Beverly Lane.
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