4245 N 16TH Drive, Phoenix, AZ 85015, Phoenix, 85015 - 4 bed, 2 bath
Loading property details...
Phoenix, AZ 85015
This Mid-Century Modern Pool Home is a Prime Investment Opportunity, listed at $470,000—positioned well below the $480,136 Fair Market Value by 2%. This valuation gap delivers $10,136 in Instant Equity, further enhanced by a 2-1 interest rate buy-down incentive. Boasting a Condition Rating of 3, the residence features a new 2024 HVAC, newer roof, and a private diving pool with a spa. Located near Osborn Middle School with no HOA, this asset balances lifestyle with financial upside for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4245 N 16TH Drive Subject | $449,900* List Price | 4 | 2 | 1,491 | $310 | - |
A 1702 W INDIAN SCHOOL Road Sold | $413,000 | 4 | 2 | 1,591 | $260 | 0.2 mi |
B 3312 N 17TH Drive Sold | $500,000 List Price | 3 | 1 | 1,591 | 0.9 mi | |
C 3312 N 15TH Avenue Sold | $435,000 | 2 | 2 | 1,485 | $293 | 0.9 mi |
D 4307 N 15th Drive Sold | $550,000 | 4 | 2 | 1,652 | $333 | 0.1 mi |
E 1941 W WHITTON Avenue Sold | $400,000 | 3 | 2 | 1,200 | $333 | 0.8 mi |
F 1941 W WHITTON Avenue Sold | $400,000 | 3 | 2 | 1,200 | $333 | 0.8 mi |
G 4115 N 18TH Drive Active | $400,000 List Price | 2 | 1 | 1,515 | $264 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant recent capital improvements, including a new HVAC system and attic insulation (2024), a newer roof, and a tankless water heater. The kitchen has been updated with modern white cabinetry, a contemporary range hood, and stainless steel appliances. While the home dates back to 1948, the interior shows well-maintained tile flooring and updated fixtures, though some elements like the windows appear older. Overall, the major systems are functional and within their expected lifespan, and the home requires no immediate renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8904, living area = 1491.
The property features essential high-ticket upgrades including a new HVAC system and reinsulated attic (2024), a newer roof, and a tankless water heater, reducing immediate maintenance concerns for the buyer.
The backyard serves as a private retreat with a diving pool, hot tub, and an oversized covered patio, offering exceptional value for entertaining in the Phoenix climate without the restrictions of an HOA.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Fitting four bedrooms into 1,491 square feet suggests that secondary bedrooms and common living areas may feel compact or lack the spaciousness expected in a multi-bedroom family home.
Built in 1948, the home may possess original infrastructure elements or architectural quirks that, despite recent system upgrades, could require ongoing attention compared to newer builds.
Back on Market! Cash investor changed their mind. Their loss is your gain! Welcome to this lovely mid-century Bel Air home in Midtown Phoenix. This cozy 4-bedroom, 2-bath home offers a spacious master bedroom with split floor plan. Natual lights comes in to almost every room. Enjoy a beatutil backyard with a sparkling diving pool and a hot tub. You can enjoy family time under the oversize covered patio. This home has a new HAVC & fully reinsulated attic in 2024, a newer tankless water heater & a newer roof! No HOA and great neighborhood, Close to major freeway and golf course, Encanto Park, popular cafe and dining.
No exterior & parking available.
Grades PK-8 • 0.6 mi
Grades PK-8 • 0.7 mi
Grades 7-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 74% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,491 | 1,474.5 | 52% |
| Lot Size | 8,904 | 7,693 | 76% |
| Price | $449.9K | $370.0K | 72% |
| Price per sq ft | $302 | $264 | 65% |
| Built year | 1948 | 1951 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 994 | 1% |
Apr 24, 2026
$449,900
$470,000
-4% Price Drop
Initial Listing
Mar 6, 2026
$470,000
Initial Listing