2314 E Montecito Avenue, Phoenix, AZ 85016, Phoenix, 85016 - 3 bed, 2 bath
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Phoenix, AZ 85016
This Modernized Biltmore Corridor Home is a Strong Value Opportunity, listed at $551,000—positioned well below the $588,471 Fair Market Value by 6%. This valuation gap provides $37,471 in Instant Equity for the buyer. Featuring a Good Condition Rating, the property offers a 2011 expansion, new 2023 shutters, and brand-new carpet on a spacious corner lot with no HOA. Located minutes from Biltmore Fashion Park and served by the Madison School District, it balances financial upside with premier urban access. This is an exceptional acquisition for Owner-Occupants seeking a move-in ready sanctuary or Lifestyle-Focused Buyers prioritizing location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2314 E Montecito Avenue Subject | $551,000* List Price | 3 | 2 | 1,505 | $391 | - |
A 2240 E Roma Avenue Sold | $598,000 List Price | 3 | 2 | 1,473 | 0.1 mi | |
B 2240 E ROMA Avenue Sold | $480,000 List Price | 3 | 2 | 1,473 | 0.1 mi | |
C 2201 E WELDON Avenue Sold | $590,000 | 3 | 2 | 1,453 | $406 | 0.7 mi |
D 2439 E MINNEZONA Avenue Sold | $600,000 | 4 | 2 | 1,450 | $414 | 0.3 mi |
E 2513 E Turney Avenue Sold | $460,000 | 3 | 2 | 1,305 | $352 | 0.3 mi |
F 2324 E Heatherbrae Drive Sold | $650,000 | 4 | 3 | 1,445 | $450 | 0.1 mi |
G 4405 N 23RD Street Pending | $630,000 List Price | 3 | 2 | 1,403 | $449 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was remodeled and expanded in 2011 (15 years ago), which fits the 'Good' criteria for a 5-15 year old renovation. The kitchen features functional stainless steel appliances and stone countertops, and the home includes recent maintenance updates such as new shutters (2023) and brand new carpet, making it move-in ready.
Situated just two minutes from Biltmore Fashion Park, the property offers exceptional access to premier shopping, dining, and golf in one of Phoenix's most desirable and central corridors.
The absence of a Homeowners Association provides owners with greater lifestyle flexibility and eliminates monthly fees, a significant financial advantage for many buyers in the Phoenix market.
With a 2011 expansion, new 2023 shutters, and brand-new carpet, the home combines mid-century charm with modern functional updates and abundant natural light.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1505, other record living area = 1584.
The assigned public schools for this address currently hold lower ratings (3-4/10), which may be a drawback for families prioritizing high-performing educational districts.
The property features only a 1-car enclosed garage, which may be insufficient for multi-vehicle households or those requiring significant additional storage space.
Welcome home to this beautifully situated corner-lot property just 2 minutes from Biltmore Fashion Park. This 3 bedroom, 2 bathroom no-HOA home offers 1,505 sqft and was remodeled and expanded in 2011 with warm, earthy finishes and abundant natural light throughout. Features include an enclosed 1-car garage, in-home laundry, new shutters (2023), and brand new carpet. Listed at appraised value based on an April 2026 pre-listing appraisal, providing transparency and confidence for buyers. Enjoy close proximity to premier shopping, dining, golf, and convenient freeway access, all within a well-established neighborhood.
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades 5-8 • 1.0 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,505 | 1,875 | 25% |
| Lot Size | 6,963 | 8,294 | 21% |
| Price | $551.0K | $595.0K | 44% |
| Price per sq ft | $366 | $354 | 54% |
| Built year | 1953 | 1955 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 1490 | 0% |
Apr 18, 2026
$551,000
Initial Listing