1650 N 87TH Terrace A16, Scottsdale, AZ 85257, Scottsdale, 85257 - 2 bed, 2 bath
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Scottsdale, AZ 85257
This Updated South Scottsdale Condo is a High-Potential Investment Opportunity, listed at $265,000—positioned well below the $302,483 Fair Market Value by 12%. This valuation gap provides $37,483 in Instant Equity for the buyer. Boasting a Condition Rating of 3, the interior features Saltillo tile, stainless steel appliances, and a newer A/C unit. Residents enjoy peaceful pool views and proximity to the 7-rated Hohokam Traditional School. Located minutes from Old Town Scottsdale, this turnkey unit balances lifestyle appeal with strong financial upside. It is an exceptional acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1650 N 87TH Terrace A16 Subject | $265,000* List Price | 2 | 2 | 925 | $327 | - |
A 1027 N 84TH Place Sold | $205,000 | 2 | 1 | 936 | $219 | 0.7 mi |
B 8625 E BELLEVIEW Place 1030 Sold | $330,000 | 2 | 2 | 917 | $360 | 0.4 mi |
C 8625 E BELLEVIEW Place 1030 Sold | $330,000 | 2 | 2 | 917 | $360 | 0.4 mi |
D 8534 E BELLEVIEW Street Sold | $330,000 List Price | 2 | 2 | 936 | 0.5 mi | |
E 8054 E OAK Street Sold | $252,000 | 2 | 1 | 728 | $346 | 1.0 mi |
F 1113 N 84TH Place Active | $294,000 List Price | 2 | 2 | 950 | $309 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and appears well-maintained. It features several key updates including a newer A/C unit and stainless steel kitchen appliances. The interior boasts consistent Saltillo tile flooring throughout and updated modern light fixtures. While the 1975 construction and kitchen cabinetry show some age, the overall quality and lack of deferred maintenance align with the 'good' classification.
Situated in the heart of South Scottsdale, the property is minutes away from Old Town's premier dining, shopping, and entertainment, offering high lifestyle and investment value.
The unit features a newer A/C system, providing essential reliability and energy efficiency for the Arizona climate, reducing immediate capital expenditure for the buyer.
Ideally located within the complex to offer peaceful pool views and immediate access to community amenities, creating a relaxing and convenient living environment.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =956, other record lot size in square feet = 729. Living area discrepancy between mls listing and other public or private record. mls listing living area = 925, other record living area = 699.
Built in 1975, the property may require modernization or face higher long-term maintenance needs compared to newer developments in the area.
The assigned middle and high schools carry lower performance ratings, which could be a limiting factor for families prioritizing educational metrics.
Welcome to this charming 2-bedroom, 2-bath condo in the heart of South Scottsdale, offering 925 square feet of comfortable living space. Ideally positioned with peaceful pool views, this unit provides a relaxing setting just steps from the community amenities. Inside, you'll find a newer A/C unit with a functional open layout and abundant natural light, spacious bedrooms, and well-appointed bathrooms. Whether you're looking for a primary residence, seasonal getaway, or investment opportunity, this condo delivers both convenience and lifestyle. Located just minutes from Old Town Scottsdale, dining, shopping, and entertainment, this is low-maintenance living in a prime location.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades 6-8 • 2.6 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 925 | 917 | 54% |
| Lot Size | 956 | 94 | 92% |
| Price | $265.0K | $252.0K | 54% |
| Price per sq ft | $286 | $308 | 46% |
| Built year | 1975 | 1986 | 31% |
| HOA | $330 | $196 | 69% |
| Days on market | 12 | 1795 | 8% |
Apr 10, 2026
$265,000
Initial Listing