1901 E MISSOURI Avenue 208, Phoenix, AZ 85016, Phoenix, 85016 - 3 bed, 2 bath
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Phoenix, AZ 85016
This Mid-Century Modern Townhouse presents a High-Potential Investment Opportunity with a List Price of $360,000—positioned well below the $378,535 Fair Market Value by 4%. This valuation gap offers $18,535 in Instant Equity for the buyer. Featuring a Fair Condition Rating, the unit offers solid block construction and dual patios with mountain views. While rental restrictions exist, the property’s prime location and utility-inclusive HOA provide long-term stability. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a quiet, well-maintained residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1901 E MISSOURI Avenue 208 Subject | $360,000* List Price | 3 | 2 | 1,356 | $279 | - |
A 5314 N LAS CASITAS Place Sold | $459,000 | 2 | 2 | 1,538 | $298 | 0.3 mi |
B 5314 N LAS CASITAS Place Sold | $459,000 | 2 | 2 | 1,538 | $298 | 0.3 mi |
C 1901 E Missouri Avenue 217 Active | $290,000 List Price | 2 | 2 | 1,265 | $229 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, this property falls into the >20y age bracket. While the interior is well-maintained with updated laminate flooring and clean paint, it retains many original mid-century elements such as sliding closet doors and older fixtures. It is functional and move-in ready, but the age of the underlying systems and dated aesthetic components align with the 'Fair' classification.
The property features desirable mid-century modern architecture and solid block construction, offering a spacious 3-bedroom layout that combines vintage character with structural durability.
The association fee covers almost all essential utilities, including water, trash, and electricity, providing residents with simplified monthly budgeting and significant value.
Quietly tucked away at the back of the complex, this unit offers peaceful views of lush landscaping and Piestewa Peak, while remaining minutes from Phoenix's best shopping and dining.
The 'no rentals allowed' policy completely excludes real estate investors and limits the future flexibility for owners who may eventually want to use the property as an income-producing asset.
The $657 monthly HOA fee is relatively high for the price point, which may affect buyer affordability and debt-to-income ratios despite the utility inclusions.
This wonderful Caribbean Gardens condo is in an excellent location within the back of the complex. It overlooks lush grass, vibrant flowers, and beautiful mature trees. Facing north/south, it features two spacious patios, one offering an peek view of Piestewa Peak. The large 3-bedroom, 2-bath unit is built with solid block construction and showcases its popular mid-century modern charm and its spacious layout. Additional perks include an underground assigned storage space and an HOA that covers everything except cable & Wi-Fi. With no rentals allowed, residents enjoy peace and quiet. For convenience, great shopping and dining options are right around the corner!
No exterior & parking available.
Grades 5-8 • 0.3 mi
Grades PK-4 • 1.2 mi
Grades 9-12 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,356 | - |
| Lot Size | 1,362 | - |
| Price | $360.0K | $341.8K |
| Price per sq ft | $265 | $259 |
| Built year | 1963 | 0 |
| HOA | $657 | $0 |
| Days on market | 29 | 1211 |
Jun 24, 2026
$360,000
Initial Listing
Dec 2, 2020
$200,000
Public Record