16902 S CEDARWOOD Lane, Phoenix, AZ 85048, Phoenix, 85048 - 3 bed, 3 bath
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Phoenix, AZ 85048
This Single Family Residence presents a Strong Value Opportunity, listed at $422,000—positioned well below the $469,993 Fair Market Value by 10%. This valuation gap offers $47,993 in Instant Equity for the buyer. While the home maintains a Condition Rating of 4, it offers significant upside through cosmetic modernization. Featuring mountain views and a private patio in a gated community, this property is an ideal acquisition for Owner-Occupants seeking value or Buy-and-Hold Investors targeting the Ahwatukee market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16902 S CEDARWOOD Lane Subject | $422,000* List Price | 3 | 3 | 1,375 | $342 | - |
A 16823 S 8TH Street Sold | $524,000 | 3 | 2 | 1,503 | $349 | 0.8 mi |
B 333 E REDWOOD Lane Pending | $429,900 List Price | 3 | 3 | 1,358 | $317 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2000, the property is 26 years old and appears to retain its original finishes. The bathroom features dated oak cabinetry, laminate countertops, and older tile work. While the home is well-maintained and move-in ready, it exceeds the 20-year threshold for 'Good' and requires cosmetic updates to meet modern standards.
The 'Owner Will Carry' provision offers a rare and valuable opportunity for buyers to secure seller financing, providing an alternative to traditional lending hurdles.
Nestled in a gated Ahwatukee community, the property boasts stunning mountain views and immediate proximity to South Mountain hiking trails and championship golf courses.
Soaring high ceilings and an open-concept layout combined with strategic east/west exposure ensure the home is flooded with natural light, creating a bright and airy ambiance.
With only 1,375 square feet for a three-bedroom home, the living spaces and bedrooms may feel undersized for buyers prioritizing interior roominess.
The $306 monthly association fee represents a significant recurring cost that may impact the overall monthly budget for price-sensitive buyers.
Experience luxury living in the highly desirable Ahwatukee area! This beautifully maintained two-story home offers 3 spacious bedrooms, 2.5 bathrooms, and 1,375 square feet of thoughtfully designed living space within a private gated community. Soaring high ceilings and an open-concept floor plan create a bright, airy atmosphere, while expansive windows fill the home with abundant natural light. Owner will carry. Enjoy the benefits of desirable east/west exposure and take in the breathtaking mountain views that provide a stunning backdrop for morning coffee and unforgettable Arizona sunsets. Upstairs, the private bedrooms offer comfort and tranquility, including a spacious primary suite designed for relaxation. Ideally located just minutes from South Mountain hiking and biking trails, championship golf, shopping, dining, and convenient freeway access, this exceptional home combines style, comfort, and low-maintenance living in one of Ahwatukee's most sought-after communities. Don't miss your opportunity to enjoy the best of Arizona living in a location that truly has it all. Coming Soon - Professional photos will be taken Today and uplodewd right after.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,375 | - |
| Lot Size | 3,355 | - |
| Price | $422.0K | $495.4K |
| Price per sq ft | $307 | $290 |
| Built year | 2000 | 0 |
| HOA | $306 | $0 |
| Days on market | 21 | 1260 |
Jul 1, 2026
$422,000
Initial Listing