1901 E Missouri Avenue 204, Phoenix, AZ 85016, Phoenix, 85016 - 3 bed, 2 bath
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Phoenix, AZ 85016
This rare Mid-Century Modern 3-Bedroom Condo is a Strong Value Opportunity, listed at $364,000—positioned well below the $403,716 Fair Market Value by 9%. This valuation gap provides $39,716 in Instant Equity for buyers. Featuring a renovated kitchen with stainless appliances and a Condition Rating of 3, the unit offers pool views and a comprehensive HOA covering electricity and gas. Located in the Biltmore corridor near Madison #1 Elementary, it balances lifestyle convenience with financial upside. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1901 E Missouri Avenue 204 Subject | $364,000* List Price | 3 | 2 | 1,358 | $297 | - |
A 1701 E Colter Street 308 Sold | $272,000 | 2 | 2 | 971 | $280 | 0.4 mi |
B 1901 E Missouri Avenue 216 Active | $260,000 List Price | 2 | 2 | 1,265 | $206 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although the structure was built in 1963, the unit features a modern renovated kitchen with stainless steel appliances, updated cabinetry, and contemporary flooring. The interior appears well-maintained and move-in ready, fitting the criteria for a property with a 5-15 year old renovation.
The HOA fee covers nearly all utilities including electricity, gas, water, and sewer, providing exceptional value and simplified monthly budgeting for the homeowner.
Ideally situated minutes from the prestigious Biltmore shopping and dining district and major highways, offering high desirability and convenience.
This spacious 3-bedroom unit is a rare find in a classic Mid-Century Modern community, featuring an updated kitchen and a prime top-level position near the pool.
The $657 monthly association fee is relatively high, which may impact debt-to-income ratios for some buyers and overall affordability.
Built in 1963, the property may present challenges associated with older building systems and common area maintenance typical of mid-century developments.
Welcome to Caribbean Gardens, a classic Mid-Century Modern community in Phoenix. This 3-bedroom, 2-bath condo offers a spacious layout and updated kitchen with stainless steel appliances. 204 is ideally positioned within the community on the top level with a pool and grill just steps away from your front door. Located minutes from major highways, public transportation, and the Biltmore shopping and dining district, this home combines style, convenience, and location. The HOA offers exceptional ease and value, covering nearly all utilities and services - including water, sewer, trash, electricity, gas, as well as pool and exterior maintenance - just add your own WiFi! Come see this affordable gem in one of Phoenix's most desirable areas. 2 covered parking spots included.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 86% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,358 | 1,189 | 66% |
| Lot Size | 1,358 | 1,008 | 76% |
| Price | $364.0K | $364.0K | 50% |
| Price per sq ft | $268 | $312 | 38% |
| Built year | 1963 | 1984 | 2% |
| HOA | $657 | $365 | 75% |
| Days on market | 7 | 1429 | 1% |
Apr 18, 2026
$364,000
Initial Listing