16402 N 31ST Street 229, Phoenix, AZ 85032, Phoenix, 85032 - 2 bed, 2 bath
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Phoenix, AZ 85032
This Bright and Airy Modern Condominium is a Strong Value Opportunity, listed at $209,900—positioned well below the $222,800 Fair Market Value by 5%. This valuation gap offers $12,900 in Instant Equity. Boasting a Condition Rating of 3, the interior features high ceilings, clerestory windows, and a recently updated HVAC system for immediate peace of mind. Located near the 51 and 101 freeways with a private balcony, it balances lifestyle with financial upside. This is an ideal acquisition for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16402 N 31ST Street 229 Subject | $209,900* List Price | 2 | 2 | 934 | $239 | - |
A 16225 N 30TH Street 11 Sold | $160,000 | 2 | 2 | 968 | $165 | 0.1 mi |
B 15402 N 28TH Street 226 Sold | $185,000 | 2 | 2 | 946 | $196 | 0.7 mi |
C 15402 N 28TH Street 226 Sold | $185,000 | 2 | 2 | 946 | $196 | 0.7 mi |
D 3001 E GRANDVIEW Road 2 Sold | $225,000 | 2 | 3 | 1,092 | $206 | 0.1 mi |
E 15601 N 27TH Street 33 Sold | $190,000 | 2 | 2 | 888 | $214 | 0.7 mi |
F 2431 E TRACY Lane 1 Active | $197,900 List Price | 2 | 2 | 952 | $208 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant aesthetic and mechanical updates. The kitchen features modern shaker-style cabinetry, stone-look countertops, and stainless steel appliances. The bathrooms have been refreshed with updated vanities, lighting, and tile work. Additionally, the unit boasts contemporary wood-look flooring throughout and a recently updated HVAC system, which compensates for the 1985 build year.
The unit features high ceilings and clerestory windows that flood the open floor plan with natural light, creating a spacious and airy feel that exceeds its square footage.
A recently updated HVAC system provides significant peace of mind and immediate cost savings for the buyer, which is a critical value-add in the Phoenix climate.
Conveniently situated with quick access to both the 51 and 101 freeways, offering an efficient commute to major employment hubs and local amenities.
The property is served by schools with lower-than-average ratings (ranging from 2 to 4), which may impact long-term appreciation and appeal to family-oriented buyers.
At 934 square feet for a two-bedroom, two-bathroom configuration, the living areas may feel restrictive for those requiring significant storage or larger furniture sets.
Bright, Airy & Move-In Ready! This charming 2-bedroom condo offers an inviting open floor plan with high ceilings and clerestory windows that fill the great room with natural light. The spacious layout feels bright and comfortable, perfect for relaxing or entertaining. Enjoy your morning coffee or grow your favorite plants on the private balcony. Conveniently located with easy access to the 51 and 101 freeways, this community includes nearly all expenses in the HOA fee--and the HVAC was recently updated for added peace of mind. A delightful space at an affordable price!
No exterior & parking available.
Grades PK-3 • 0.3 mi
Grades 4-6 • 0.3 mi
Grades 7-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.0 | 53% |
| Square foot | 934 | 851 | 58% |
| Lot Size | 984 | 855 | 61% |
| Price | $209.9K | $220.0K | 46% |
| Price per sq ft | $225 | $247 | 46% |
| Built year | 1985 | 1984 | 61% |
| HOA | $372 | $255 | 88% |
| Days on market | 26 | 1397 | 2% |
Mar 31, 2026
$209,900
Initial Listing