11048 N 28TH Drive 145, Phoenix, AZ 85029, Phoenix, 85029 - 2 bed, 1 bath
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Phoenix, AZ 85029
This Turnkey Lakeside Condominium is a polished residential asset listed at $199,000, offering exceptional pricing stability at its $199,000 Fair Market Value. Boasting a Condition Rating of 2, the home features a renovated kitchen, stainless steel appliances, and a desirable pool-front view. Located near Moon Valley High, Cholla Middle, and Lakeview Elementary, the property benefits from short-term rental eligibility and proximity to the Metrocenter redevelopment. This move-in-ready unit balances lifestyle perks with appreciation potential, making it an ideal match for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11048 N 28TH Drive 145 Subject | $199,000* List Price | 2 | 1 | 1,024 | $194 | - |
A 10828 N BILTMORE Drive 113 Sold | $197,500 | 2 | 2 | 1,036 | $191 | 0.3 mi |
B 11666 N 28th Drive 165 Sold | $192,000 | 3 | 2 | 1,088 | $176 | 0.2 mi |
C 11666 N 28TH Drive 165 Sold | $192,000 | 3 | 2 | 1,088 | $176 | 0.2 mi |
D 11666 N 28TH Drive 165 Sold | $192,000 | 3 | 2 | 1,088 | $176 | 0.2 mi |
E 11666 N 28TH Drive 295 Sold | $210,000 | 2 | 2 | 970 | $216 | 0.3 mi |
F 11048 N 28TH Drive 146 Active | $206,000 List Price | 2 | 1 | 1,024 | $201 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property was extensively renovated within the last three years, featuring a modern kitchen with white cabinetry and stainless steel appliances, updated wood-look flooring, and a renovated bathroom. Major systems, including the AC and water heater, are also approximately three years old, ensuring the home meets current quality standards with no immediate maintenance required.
The property allows short-term rentals and is positioned near the Metrocenter redevelopment and future light rail, offering significant appreciation potential and versatile income streams for investors.
Extensively renovated within the last three years, the unit features an updated bathroom and major systems, including a three-year-old AC and water heater, ensuring a move-in-ready experience.
This first-floor unit boasts a desirable pool-front view within a lakeside community that offers premium amenities like tennis courts and scenic walking paths.
The monthly association fee of $435 is relatively high compared to the listing price, which may impact the overall affordability for buyers or net yields for investors.
Originally constructed in 1977, the building's age may present long-term maintenance challenges or the potential for future special assessments related to common area infrastructure.
*SHORT-TERM RENTAL ALLOWED* This well-maintained first-floor condo features two bedrooms and one updated bathroom with a pleasant pool-front view in a lakeside Phoenix community. Residents enjoy access to two tennis courts, a community pool, and walking paths along the lake. The property has been renovated within the last three years. All appliances convey, and both the AC and water heater are approximately three years old, offering a move-in-ready, low-maintenance option. Conveniently located just north of the Metrocenter redevelopment, the area is expected to benefit from future improvements including light rail access, making this a solid opportunity for both owner-occupants and investors.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 4% |
| Square foot | 1,024 | 1,043 | 39% |
| Lot Size | 680 | 1,070 | 26% |
| Price | $199.0K | $192.0K | 70% |
| Price per sq ft | $194 | $176 | 70% |
| Built year | 1977 | 1984 | 4% |
| HOA | $435 | $230 | 96% |
| Days on market | 111 | 2068 | 13% |
Jan 5, 2026
$199,000
Initial Listing