3033 E DEVONSHIRE Avenue 1032, Phoenix, AZ 85016, Phoenix, 85016 - 1 bed, 1 bath
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Phoenix, AZ 85016
This Modernized Ground-Level Condo is a High-Potential Investment Opportunity with a List Price of $158,500—positioned well below the $288,510 Fair Market Value by 45%. This significant valuation gap secures $130,010 in Instant Equity for the buyer. The unit holds a Modern Condition Rating, featuring a remodeled kitchen with stainless appliances, wood flooring, and a private patio overlooking Los Olivos Park. Located minutes from the Biltmore, it offers a turnkey lifestyle near Madison Park School. 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 |
|---|---|---|---|---|---|---|
★ 3033 E DEVONSHIRE Avenue 1032 Subject | $158,500* List Price | 1 | 1 | 662 | $436 | - |
A 3033 E DEVONSHIRE Avenue 1023 Sold | $115,000 | 1 | 1 | 576 | $200 | 0.0 mi |
B 4141 N 31ST Street 405 Sold | $160,000 | 1 | 1 | 847 | $189 | 0.1 mi |
C 3030 E CLARENDON Avenue 16 Sold | $204,000 | 1 | 1 | 656 | $311 | 0.3 mi |
D 4141 N 31ST Street 405 Sold | $160,000 | 1 | 1 | 847 | $189 | 0.1 mi |
E 3033 E DEVONSHIRE Avenue 2009 Active | $139,900 List Price | 1 | 1 | 576 | $243 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1981, the unit has undergone an extensive recent renovation that brings it up to modern standards. Key upgrades include a fully remodeled kitchen with newer stainless steel appliances, a modernized bathroom with a walk-in glass shower, updated wood flooring throughout, recessed lighting, and the removal of popcorn ceilings. The interior appears virtually new and move-in ready with no deferred maintenance visible.
Ideally situated between the Biltmore and Arcadia areas, this property offers exceptional walkability to Sprouts and Starbucks, with quick access to Sky Harbor Airport and local parks.
The unit is move-in ready featuring a remodeled kitchen with stainless steel appliances, updated wood flooring, recessed lighting, and a modernized bathroom with a walk-in glass shower.
As a ground-level corner unit, the property provides superior accessibility and privacy, complemented by a shaded patio that offers peaceful views of the community's open green space.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 662, other record living area = 629.
Being located within a 55+ complex may limit the pool of potential residents and impact future resale liquidity, despite ownership being open to all ages.
The absence of a private washer and dryer within the 629-square-foot unit requires the use of shared floor facilities, which may be a drawback for buyers seeking maximum convenience.
LOCATION! Updated & Charming ground-level, corner unit at Olive Grove Village. This 629-square-foot unit features 1 Bedroom and 1 Bath in the heart of Phoenix! Assigned covered parking is only steps away. Intercom access. This unit has the ideal location within the community. Private, shaded patio with views of the open field. Updated kitchen with newer stainless steel appliances and large sink. Recessed lighting throughout. Bath has been updated with a walk-in shower and upgraded glass doors. Wood flooring throughout, and no popcorn ceilings. Amenities include a library and social seating room, fitness center, and on-site laundry facilities on every floor. Los Olivos Park is across the street, perfect for outdoor activities with friends, family, or pets. Pets are allowed with weight restrictions. UNBEATABLE LOCATION! Nestled between the Biltmore (5 mins) & Arcadia areas (under 10 mins), and within 15 mins of Sky Harbor Airport. Walking distance Starbucks, Sprouts, and a short drive to Whole Foods, Trader Joes, Squaw Peak, canal trails, a variety of eateries, and so much more! 55+ complex, however it is not necessary to be 55+ in order to be an owner.
No exterior & parking available.
Grades PK-4 • 1.3 mi
Grades 5-8 • 1.9 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 20% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 662 | 1,185 | 3% |
| Lot Size | 549 | 995 | 18% |
| Price | $158.5K | $360.0K | 22% |
| Price per sq ft | $239 | $312 | 36% |
| Built year | 1981 | 1984 | 44% |
| HOA | $319 | $363 | 43% |
| Days on market | 43 | 1430 | 1% |
Mar 14, 2026
$158,500
Initial Listing