114 W ADAMS Street 609, Phoenix, AZ 85003, Phoenix, 85003 - 2 bed, 2 bath
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Phoenix, AZ 85003
This Sophisticated Urban Loft is a Strong Value Opportunity, listed at $399,000—positioned well below the $428,931 Fair Market Value by 6%. This valuation gap secures $29,931 in Instant Equity for the incoming owner. Maintaining a Good Condition Rating, the interior features exposed brick, quartz countertops, and city skyline views. Market data confirms this is a competitive entry point for the building's larger floor plans. Residents enjoy a heated pool, spa, and fitness center downtown. This turnkey residence is ideal for Urban Professionals or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 114 W ADAMS Street 609 Subject | $399,000* List Price | 2 | 2 | 1,098 | $391 | - |
A 114 W ADAMS Street 907 Sold | $370,000 | 2 | 2 | 953 | $388 | 0.0 mi |
B 114 W ADAMS Street 907 Sold | $370,000 | 2 | 2 | 953 | $388 | 0.0 mi |
C 114 W ADAMS Street 907 Sold | $370,000 | 2 | 2 | 953 | $388 | 0.0 mi |
D 114 W ADAMS Street 910 Sold | $336,000 | 1 | 1 | 833 | $403 | 0.0 mi |
E 114 W ADAMS Street 910 Sold | $336,000 | 1 | 1 | 833 | $403 | 0.0 mi |
F 114 W Adams Street 505 Sold | $310,000 | 1 | 1 | 710 | $437 | 0.0 mi |
G 114 W ADAMS Street 1007 Active | $375,000 List Price | 2 | 2 | 953 | $393 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005, this property is in move-in ready condition and fits the 10-20 year age bracket for a 'good' rating. The unit features quality updates including Kraftmaid cabinetry, quartz countertops, and stainless steel appliances. The industrial-style concrete ceilings and exposed brick are well-maintained, and recent functional updates like fresh paint and a new water heater indicate consistent upkeep.
Situated in the heart of downtown Phoenix, this property offers exceptional walkability to Roosevelt Row, the light rail, and major sports and entertainment venues, making it ideal for an active city lifestyle.
The unit features desirable architectural details including 10-foot ceilings and exposed brick accents, complemented by high-end updates like quartz countertops, Kraftmaid cabinetry, and travertine flooring.
Residents have access to a robust amenity package including a heated pool, spa, fitness center, steam room, sauna, and on-site security, providing a luxury resort-style living experience.
The monthly HOA fee of $957 is significantly high relative to the unit's square footage and price point, which may impact the overall affordability and debt-to-income ratio for potential buyers.
At 1,098 square feet, the split-bedroom floor plan is relatively compact for a two-bedroom unit, which may feel restrictive for those requiring more spacious living areas or ample storage.
Urban sophistication meets modern comfort in this stunning downtown condo! This updated 2-bed, 2-bath unit features a desirable split-bedroom layout and an open floor plan, highlighted by soaring 10-foot duct ceilings and exposed brick accents for the perfect blend of industrial charm and contemporary style. The kitchen impresses with Kraftmaid cabinetry, sleek quartz countertops, and stainless steel appliances. Travertine flooring in the bathrooms and laundry room adds elegance, while recent updates include a new water heater, fresh interior paint, and a mounted TV on the exposed brick wall. Additional features include a Murphy bed in 2nd bedroom, water softener, and ceiling fans in both bedrooms plus two in the living area for added comfort. Enjoy premium amenities such as a heated pool and spa, clubhouse, BBQ areas, fully equipped fitness center, plus a steam room and sauna. The community offers on-site security for peace of mind. Located in the heart of downtown near Roosevelt Row, with easy access to shopping, dining, theaters, museums, light rail, and major sports venues - this is stylish, walkable, amenity-rich city living at its finest!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.5 | 50% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 1,098 | 922 | 65% |
| Lot Size | 1,161 | 843 | 75% |
| Price | $399.0K | $336.0K | 70% |
| Price per sq ft | $363 | $345 | 50% |
| Built year | 2005 | 2005 | 50% |
| HOA | $957 | $554 | 90% |
| Days on market | 10 | 1630 | 5% |
Apr 15, 2026
$399,000
Initial Listing