16813 S 31ST Way, Phoenix, AZ 85048, Phoenix, 85048 - 3 bed, 3 bath
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Phoenix, AZ 85048
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $603,000—positioned well below the $653,201 Fair Market Value by 7%. This valuation gap offers $50,201 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes a Granite Kitchen, modern LVP flooring, and a private Pool with Waterfall. Located in the desirable Lakewood community near Desert Vista High School, this property is an ideal choice for Owner-Occupants or first-time buyers seeking a move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16813 S 31ST Way Subject | $585,000* List Price | 3 | 3 | 2,596 | $251 | - |
A 3232 E BROOKWOOD Court Sold | $549,000 | 3 | 2 | 1,963 | $280 | 0.7 mi |
B 3433 E CEDARWOOD Lane Sold | $565,000 | 3 | 2 | 1,984 | $285 | 0.4 mi |
C 3242 E BRIARWOOD Terrace Sold | $450,000 | 2 | 2 | 1,625 | $277 | 0.3 mi |
D 16814 S 32ND Place Sold | $630,000 | 4 | 2 | 2,318 | $272 | 0.1 mi |
E 3748 E TANGLEWOOD Drive Sold | $633,000 | 4 | 3 | 2,209 | $287 | 0.8 mi |
F 16811 S 37TH Place Sold | $600,000 List Price | 3 | 2 | 2,162 | 0.7 mi | |
G 15809 S 31ST Street Sold | $640,000 | 4 | 2 | 2,236 | $286 | 0.6 mi |
H 15638 S 31ST Street Sold | $439,900 List Price | 3 | 2 | 1,736 | 0.7 mi | |
I 3234 E ASHURST Drive Pending | $499,000 List Price | 3 | 3 | 2,205 | $226 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1990, the property has undergone significant renovations within the 5-15 year range. The kitchen features updated granite countertops and stainless steel appliances, the bathrooms are noted as updated, and modern LVP flooring has been installed throughout, making it well-maintained and move-in ready.
The property features a premium outdoor retreat complete with a pool, waterfall feature, and outdoor shower, perfectly designed for the Arizona lifestyle and entertaining.
Situated in the highly desirable Lakewood community, the home is within walking distance to top-rated schools, including Desert Vista High School, enhancing its long-term investment value.
The home offers a contemporary open-concept kitchen and living space complemented by updated bathrooms and abundant natural light, providing a move-in-ready feel.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
With a lot size of 5,484 sqft for a 2,596 sqft home, the outdoor space is largely occupied by the pool, leaving minimal yard area for gardening or play.
At nearly 2,600 square feet, a 3-bedroom configuration may be perceived as less competitive for larger families who typically expect four or more bedrooms in this size range.
Spacious and thoughtfully designed, this two-story home offers generous living areas and well-sized bedrooms throughout. Upon entry, you're welcomed by a large front living room filled with natural light from an abundance of windows. The heart of the home features an open-concept kitchen and living space, creating a comfortable setting for everyday living and entertaining. All bedrooms offer ample space, providing flexibility for a variety of needs, while updated bathrooms bring a clean, modern feel to the home. Step outside to enjoy the backyard retreat, complete with a pool, waterfall feature, and outdoor shower. Perfect for relaxing or enjoying Arizona's outdoor lifestyle. Located in Lakewood, one of Phoenix's most desirable communities, this home is close to high
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 0.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,596 | - |
| Lot Size | 5,484 | - |
| Price | $585.0K | $495.4K |
| Price per sq ft | $225 | $290 |
| Built year | 1990 | 0 |
| HOA | $228 | $0 |
| Days on market | 47 | 1260 |
Jul 16, 2026
$585,000
$603,000
-3% Price Drop
Initial Listing
Jun 5, 2026
$603,000
Initial Listing