5541 E Cheery Lynn Rd Phoenix, AZ 85018
Camelback East Village NeighborhoodEstimated payment $5,680/month
Highlights
- Play Pool
- Mountain View
- Furnished
- Tavan Elementary School Rated A
- Corner Lot
- Great Room
About This Home
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.
Listing Agent
Keller Williams Integrity First License #SA664866000 Listed on: 03/25/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,875
Year Built
- Built in 1960
Lot Details
- 10,855 Sq Ft Lot
- Desert faces the front and back of the property
- Block Wall Fence
- Corner Lot
- Sprinklers on Timer
Parking
- 2 Car Garage
Home Design
- Roof Updated in 2025
- Cellulose Insulation
- Composition Roof
- Wood Siding
- Block Exterior
Interior Spaces
- 1,790 Sq Ft Home
- 1-Story Property
- Furnished
- Ceiling height of 9 feet or more
- Ceiling Fan
- Double Pane Windows
- ENERGY STAR Qualified Windows
- Vinyl Clad Windows
- Great Room
- Combination Dining and Living Room
- Mountain Views
Kitchen
- Eat-In Kitchen
- Built-In Electric Oven
- Electric Cooktop
- Built-In Microwave
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Floors Updated in 2025
- Tile Flooring
Bedrooms and Bathrooms
- 4 Bedrooms
- Remodeled Bathroom
- 2 Full Bathrooms
- Low Flow Plumbing Fixtures
- Solar Tube
Laundry
- Laundry Room
- Dryer
- Washer
Eco-Friendly Details
- ENERGY STAR Qualified Equipment
- North or South Exposure
Pool
- Play Pool
- Heated Spa
- Above Ground Spa
Schools
- Tavan Elementary School
- Ingleside Middle School
- Arcadia High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Programmable Thermostat
- Wiring Updated in 2025
- ENERGY STAR Qualified Water Heater
- Gas Water Heater
- High Speed Internet
Additional Features
- No Interior Steps
- Covered Patio or Porch
Community Details
- No Home Owners Association
- Association fees include no fees
- Elm Tree Estates Subdivision
Listing and Financial Details
- Tax Lot 20
- Assessor Parcel Number 128-26-057
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,875 | $22,782 | -- | -- |
| 2024 | $1,755 | $21,697 | -- | -- |
| 2023 | $1,755 | $60,750 | $12,150 | $48,600 |
| 2022 | $1,683 | $39,760 | $7,950 | $31,810 |
| 2021 | $1,744 | $44,960 | $8,990 | $35,970 |
| 2020 | $1,718 | $49,050 | $9,810 | $39,240 |
| 2019 | $1,446 | $41,880 | $8,370 | $33,510 |
| 2018 | $1,401 | $41,700 | $8,340 | $33,360 |
| 2017 | $1,329 | $38,700 | $7,740 | $30,960 |
| 2016 | $1,293 | $28,180 | $5,630 | $22,550 |
| 2015 | $1,188 | $24,020 | $4,800 | $19,220 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/25/2026 03/25/26 | For Sale | $1,050,000 | +12.3% | $587 / Sq Ft | |
| 08/15/2025 08/15/25 | Sold | $935,000 | -1.6% | $519 / Sq Ft | View Prior Sale |
| 05/23/2025 05/23/25 | For Sale | $949,999 | +79.2% | $528 / Sq Ft | |
| 05/16/2018 05/16/18 | Sold | $530,000 | -1.9% | $317 / Sq Ft | View Prior Sale |
| 04/06/2018 04/06/18 | Price Changed | $540,000 | -0.9% | $323 / Sq Ft | |
| 03/23/2018 03/23/18 | Price Changed | $545,000 | -0.9% | $326 / Sq Ft | |
| 02/08/2018 02/08/18 | For Sale | $550,000 | -- | $329 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $935,000 | Security Title Agency | |
| Warranty Deed | $530,000 | Security Title Agency Inc | |
| Warranty Deed | $365,000 | Empire West Title Agency Llc | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $748,000 | New Conventional | |
| Previous Owner | $424,000 | New Conventional | |
| Previous Owner | $308,000 | Purchase Money Mortgage |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 7004001
APN: 128-26-057
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Ask me questions while you tour the home.