2401 W ECHO Lane, Phoenix, AZ 85021, Phoenix, 85021 - 4 bed, 2 bath
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Phoenix, AZ 85021
This Turnkey Residential Asset is listed at $525,000, positioned slightly above the $497,520 Fair Market Value. Despite the premium, the property offers a rare financial advantage with an Assumable 5.625% Interest Rate, significantly lowering monthly carrying costs. Featuring a Mint Condition Rating following a comprehensive 2024 renovation, the home includes modern electrical, plumbing, and HVAC systems. While local school ratings are modest, the central location near Uptown Phoenix provides excellent lifestyle convenience. This is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in ready, low-maintenance home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2401 W ECHO Lane Subject | $525,000* List Price | 4 | 2 | 1,865 | $267 | - |
A 1726 W ROYAL PALM Road Sold | $449,799 List Price | 4 | 2 | 1,681 | 0.8 mi | |
B 8133 N 16TH Drive Sold | $489,000 List Price | 3 | 2 | 2,141 | 1.0 mi | |
C 8133 N 16TH Drive Sold | $549,900 List Price | 3 | 2 | 2,141 | 1.0 mi | |
D 1726 W ROYAL PALM Road Active Under Contract | $489,990 List Price | 4 | 2 | 1,681 | $291 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Completely renovated in 2024, this property is in mint condition with brand-new kitchen, bathrooms, HVAC, electrical, plumbing, and sewer lines. The updates are less than a year old, meeting the highest standard for move-in readiness with no maintenance required.
The property underwent a total transformation in 2024, featuring new HVAC, electrical, plumbing, sewer lines, and dual-pane windows, offering the peace of mind of a new build within a classic structure.
Qualified buyers have the rare opportunity to assume a 5.625% interest rate, providing a significant financial advantage and monthly savings compared to current market lending rates.
The updated floor plan maximizes functionality with contemporary additions like a large primary walk-in closet and an oversized laundry room, blending 1950s block durability with modern luxury.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1865, other record living area = 1710.
The local elementary and middle schools are rated 3 and 4 out of 10 respectively, which may be a drawback for families prioritizing high-performing educational districts.
While excellent for commuting, the location between I-17 and SR 51 may result in higher ambient traffic noise and a more dense urban environment.
Wow! This beautifully remodeled 4-bedroom, 2-bath home offers the rare opportunity for qualified buyers to assume a 5.625% interest rate! Completely renovated in 2024, this home combines the character and solid block construction of a 1950s home with the comfort and style of modern living. So much is new! 2024 updates include the kitchen, baths, floors, HVAC, dual-pane windows, electrical, plumbing, sewer lines, hot water heater and more. With the updates came smart floorplan changes, like a huge primary walk-in closet as well as an oversized laundry room. Conveniently located between I-17 and SR 51, it's a great commuting location, and you'll be just minutes from grocery stores, shopping, schools, Royal Palm Park, and the vibrant Uptown dining scene. MOVE IN READY!
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 5-8 • 0.6 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,865 | - |
| Lot Size | 6,782 | - |
| Price | $525.0K | $495.4K |
| Price per sq ft | $282 | $290 |
| Built year | 1959 | 0 |
| HOA | $0 | $0 |
| Days on market | 25 | 1260 |
Jun 28, 2026
$525,000
Initial Listing