18416 N CAVE CREEK Road 1075, Phoenix, AZ 85032, Phoenix, 85032 - 1 bed, 1 bath
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Phoenix, AZ 85032
This Resort-Style One-Bedroom Condo is a Prime Investment Opportunity, listed at $229,900—positioned well below the $235,121 Fair Market Value by 2%. This valuation gap offers $5,221 in Instant Equity for the incoming owner. Maintaining a Condition Rating of 3, the home is move-in ready with a new AC (2023), new vinyl plank flooring, and a rare attached one-car garage. Located in a gated community with a heated pool and gym, it is perfect 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 |
|---|---|---|---|---|---|---|
★ 18416 N CAVE CREEK Road 1075 Subject | $229,900* List Price | 1 | 1 | 1,068 | $220 | - |
A 18416 N CAVE CREEK Road 1013 Sold | $175,000 | 2 | 2 | 936 | $187 | 0.0 mi |
B 18416 N CAVE CREEK Road 3068 Sold | $215,000 | 2 | 2 | 924 | $233 | 0.0 mi |
C 18416 N CAVE CREEK Road 3051 Sold | $193,000 | 1 | 1 | 748 | $258 | 0.0 mi |
D 18416 N CAVE CREEK Road 3057 Active | $244,000 List Price | 2 | 2 | 948 | $257 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005 (19 years old), the property is well-maintained and move-in ready. It features significant recent capital improvements including a new AC (2023), a 5-year-old water heater, and new vinyl plank flooring, though the kitchen retains functional but dated black appliances.
The property features a brand-new AC system installed in 2023 and a five-year-old water heater, providing the buyer with significant peace of mind and reduced immediate maintenance costs.
Rare for a one-bedroom condo, this unit includes an attached one-car garage and a massive dedicated storage room, offering superior utility and convenience compared to standard units.
The gated community offers a high-end lifestyle with a heated pool, spa, 24-hour fitness center, and clubhouse, which enhances both owner enjoyment and potential rental appeal.
The $308 monthly association fee represents a significant recurring expense that may impact the overall affordability and debt-to-income ratio for some buyers.
With only one bedroom, the property has a narrower pool of potential buyers and may face more competition from larger units during resale compared to multi-bedroom configurations.
Large One Bedroom, One Bath Condo in This Resort Style Community. Attached One Car Garage, Spacious Island Kitchen with all Black Appliances, Planning Desk, Loads of Cabinets, Large Pantry. New Vinyl Plank Flooring, New AC in 2023, 5yr old Water Heater, Separate Laundry Room with Full Size Washer/Dryer. Huge Storage Room. Master Bedroom with Direct Access to Bathroom, Walk in Closet. Gated Community Boasts Heated Pool and Spa, Outdoor Grills, 24 Hr Workout Facility, Clubhouse, Covered Parking and Onsite Management.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,068 | - |
| Lot Size | 993 | - |
| Price | $229.9K | $310.8K |
| Price per sq ft | $215 | $272 |
| Built year | 2005 | 0 |
| HOA | $308 | $0 |
| Days on market | 91 | 1408 |
Apr 23, 2026
$229,900
Initial Listing