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For sale
  • $1,050,000

    5541 E CHEERY LYNN Road, Phoenix, AZ 85018

    4beds
    1,790sqft
    : 
    Single Family Residence
    Built in 1960
    10,855 Square Feet Lot
    $-- Zestimate®
    $587/sqft
    $-- HOA

    What's special

    Sparkling heated poolModern vanitiesBrand new hot tubOpen concept floor planBeautiful water featureFully remodeled bathroomsDesigner herringbone tile backsplash
    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, cohesive, low maintenance look. The kitchen opens seamlessly to the living and dining spaces, creating the perfect setup for entertaining guests or everyday living. The fully remodeled bathrooms off clean, upscale finishes including frameless glass shower enclosures, modern vanities, and a fresh luxury feel. Each bedroom is well appointed with stylish furnishings and designer touches, and the property is being offered as a turnkey, fully furnished short term rental, with the furnishings available on a separate bill of sale for a buyer who wants to continue operating it as an income producing property. One of the standout features is the cooled garage game room, complete with a brand new mini split and a fun mix of classic arcade nostalgia and new age entertainment. This unique space adds serious guest appeal and creates an experience that sets the property apart. Outside, enjoy Arizona living at its best with a sparkling heated pool, beautiful water feature, open air fire pit, and a brand new hot tub just added for even more guest appeal. Take in views of Papago Buttes and Camelback Mountain while relaxing in your private backyard retreat. Additional upgrades include a new roof, updated electrical, and a generous laundry room. Located near Arcadia Park, Starbucks, Veritas Academy, popular restaurants, shopping, hiking, and more, this home offers the perfect blend of convenience and destination appeal. Whether you are looking for a full time residence, a second home, or a proven income producing property, this one checks every box.
    27 days
    |
    2,357
    |
    92
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Michelle Arzac 480-939-1123,

    Keller Williams Integrity First,

    Joel K McKinney 480-299-2458,

    Keller Williams Integrity First

    Source: ARMLS,MLS#: 7004001MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Natural Gas
      Cooling
      • HVAC SEER Rating, Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Programmable Thmstat
      Appliances
      • Included: Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Cooktop, Built-In Electric Oven
      • Laundry: Inside
      Features
      • Non-laminate Counter, High Speed Internet, Eat-in Kitchen, 9+ Flat Ceilings, No Interior Steps, Kitchen Island, 3/4 Bath Master Bdrm
      • Flooring: Tile
      • Windows: Double Pane Windows, ENERGY STAR Qualified Windows, Vinyl Frame
      • Has basement: No
      • Has fireplace: No
      • Furnished: Yes
      Interior area
      • Total structure area: 1,790
      • Total interior livable area: 1,790 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Attached, Garage Door Opener, Temp Controlled
      • Attached garage spaces: 2
      • Uncovered spaces: 2
      Features
      • Stories: 1
      • Patio & porch: Covered
      • Has private pool: Yes
      • Pool features: Play Pool, Heated
      • Has spa: Yes
      • Spa features: Above Ground, Heated, Private
      • Fencing: Block
      • Has view: Yes
      • View description: Mountain(s)
      Lot
      • Size: 10,855 Square Feet
      • Features: North/South Exposure, Alley, Corner Lot, Desert Back, Desert Front, Auto Timer H2O Front, Auto Timer H2O Back
      Details
      • Parcel number: 12826057

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Wood Siding, Blown Cellulose, Painted, Block
      • Roof: Composition
      Condition
      • Year built: 1960

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: City Water
      Green energy
      • Energy efficient items: Solar Tubes
      • Water conservation: Low-Flow Fixtures

      Community & HOA

      Community
      • Subdivision: ELM TREE ESTATES
      HOA
      • Has HOA: No
      • Services included: No Fees
      Location
      • Region: Phoenix

      Financial & listing details

      • Price per square foot: $587/sqft
      • Tax assessed value: $690,000
      • Annual tax amount: $1,875
      • Date on market: 3/25/2026
      • Cumulative days on market: 27 days
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Ownership: Fee Simple
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        3/26/2026Listed for sale$1,050,000+12.3%$587/sqft
        Source: ARMLS #7004001 Report a problem
        8/15/2025Sold$935,000-1.6%$522/sqft
        Source: ARMLS #6870762 Report a problem
        5/23/2025Listed for sale$949,999+79.2%$531/sqft
        Source: ARMLS #6870762 Report a problem
        4/30/2020Listing removed$4,500$3/sqft
        Source: Zillow Rental Manager Report a problem
        4/28/2020Price change$4,500+36.4%$3/sqft
        Source: Zillow Rental Manager Report a problem
        3/27/2020Price change$3,300+10%$2/sqft
        Source: Zillow Rental Manager Report a problem
        3/25/2020Listed for rent$3,000$2/sqft
        Source: Zillow Rental Manager Report a problem
        5/16/2018Sold$530,000-1.9%$296/sqft
        Source: ARMLS #5721302 Report a problem
        4/6/2018Price change$540,000-0.9%$302/sqft
        Source: Realty ONE Group #5721302 Report a problem
        3/23/2018Price change$545,000-0.9%$304/sqft
        Source: Realty ONE Group #5721302 Report a problem
        2/9/2018Listed for sale$550,000+50.7%$307/sqft
        Source: Realty ONE Group #5721302 Report a problem
        8/2/2017Sold$365,000$204/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,863 +4.7%$69,000 -13.5%
        2024$1,780 +2%$79,760 +286%
        2023$1,744 +3.6%$20,664 -48%
        2022$1,683 -2.1%$39,760 -11.6%
        2021$1,718 +18.8%$44,960 -8.3%
        2020$1,446 +3.3%$49,050 +17.1%
        2019$1,401 $41,880 +0.4%
        2018$1,401 +5.4%$41,700 +7.8%
        2017$1,329 +11.8%$38,700 +37.3%
        2016$1,188 +4.7%$28,180 +17.3%
        2015$1,135 $24,020 +80.3%
        2014-- $13,320 +1.7%
        2013-- $13,100 -20.9%
        2012-- $16,560 -27%
        2011-- $22,670 -14.7%
        2010-- $26,580 -16.6%
        2009-- $31,880 -10.7%
        2008-- $35,700 +14.1%
        2007-- $31,300 +66.9%
        2006-- $18,750
        2005-- $18,750 +45.9%
        2004-- $12,850
        2003-- $12,850 -1.2%
        2002-- $13,000

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $5,579/mo
        Principal & interest
        $5220
        Property taxes
        $359
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          Climate risks

          Neighborhood: Camelback East

          Getting around

          58 / 100
          Somewhat Walkable
          41 / 100
          Some Transit
          59 / 100
          Bikeable

          Nearby schools

          GreatSchools rating
          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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