1815 N 16TH Avenue, Phoenix, AZ 85007, Phoenix, 85007 - 2 bed, 1 bath
Loading property details...
Phoenix, AZ 85007
This Modernized Historic Bungalow is a Prime Investment Opportunity, listed at $499,999—positioned well below the $524,134 Fair Market Value by 4%. This valuation gap offers $24,135 in Instant Equity for a home with a Condition Rating of 3. Located in the Fairview Place Historic District, the property features polished concrete flooring and a 7,340 sq ft lot near Encanto Park. Served by Maie Bartlett Heard School and Central High, it is ideal for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1815 N 16TH Avenue Subject | $499,999* List Price | 2 | 1 | 1,266 | $414 | - |
A 2227 N 16TH Avenue Sold | $619,000 | 3 | 2 | 1,360 | $455 | 0.3 mi |
B 1842 N 17TH Avenue Sold | $490,000 | 3 | 3 | 1,101 | $445 | 0.1 mi |
C 2017 N LAUREL Avenue Sold | $487,000 | 2 | 2 | 1,087 | $448 | 0.2 mi |
D 1842 N 17TH Avenue Sold | $490,000 | 4 | 3 | 1,285 | $381 | 0.1 mi |
E 2017 N LAUREL Avenue Sold | $487,000 | 3 | 1 | 1,450 | $336 | 0.2 mi |
F 2227 N 16TH Avenue Sold | $619,000 | 3 | 2 | 1,300 | $476 | 0.3 mi |
G 1709 N 16TH Avenue Active | $435,000 List Price | 2 | 1 | 977 | $445 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1939 historic bungalow is in move-in ready condition following extensive modern renovations. The interior features high-quality polished concrete flooring, an open-concept great room with exposed decorative beams, and updated industrial-style light fixtures. The kitchen is well-appointed with contemporary wood cabinetry and stainless steel appliances. While the property retains some historic charm, the major systems and finishes appear well-maintained and updated, meeting the criteria for a high-quality, modernized older home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7340, living area = 1266.
Situated in the desirable Fairview Place Historic District, this 1939 bungalow offers authentic period charm within walking distance of Encanto Park and downtown amenities.
The home features an open great room and functional layout with modern updates, providing a move-in-ready experience that blends classic character with contemporary living.
With only one bathroom for a 1,266 square foot home, the property may face challenges with larger households or impact future resale competitiveness.
The assigned public schools currently hold lower performance ratings (3 and 4), which may be a deterrent for families prioritizing educational metrics.
Charming 1939 historic bungalow in the desirable Fairview Place Historic District of Central Phoenix! This cozy 2-bedroom, 1-bath home offers comfortable living space on a generous lot with modern updates. Featuring classic period details with an open great room and a functional layout perfect for easy living or personalization. Enjoy the prime location just steps from beautiful Encanto Park, with easy access to Light Rail, vibrant downtown dining, shopping, and entertainment. A wonderful opportunity in one of Phoenix's most sought-after neighborhoods!
No exterior & parking available.
Grades PK-8 • 1.2 mi
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 26% |
| Baths | 1.0 | 2.0 | 26% |
| Square foot | 1,266 | 1,511 | 30% |
| Lot Size | 7,340 | 7,355 | 49% |
| Price | $500.0K | $485.2K | 54% |
| Price per sq ft | $395 | $354 | 64% |
| Built year | 1939 | 1936 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 1425 | 1% |
Apr 3, 2026
$499,999
Initial Listing