4322 N 28TH Way, Phoenix, AZ 85016, Phoenix, 85016 - 3 bed, 2 bath
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Phoenix, AZ 85016
This Turnkey Condominium is a Strong Value Opportunity, listed at $515,000—positioned well below the $522,750 Fair Market Value by 1%. This valuation gap offers $7,750 in Instant Equity. Featuring an Excellent Condition Rating following a 2022 renovation, the home includes a new roof, updated kitchen, and modern baths. Located near the Biltmore and Arcadia, it offers a resort-style lifestyle with pools and tennis courts. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a polished, move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4322 N 28TH Way Subject | $499,500* List Price | 3 | 2 | 1,380 | $341 | - |
A 5110 N 31ST Way N 345 Sold | $390,000 | 2 | 2 | 1,415 | $276 | 0.9 mi |
B 5110 N 31st Way 345 Sold | $390,000 | 2 | 2 | 1,415 | $276 | 0.9 mi |
C 4343 N 21ST Street 213 Sold | $419,000 | 3 | 2 | 1,296 | $323 | 0.9 mi |
D 4236 N 27TH Street 38 Active | $538,000 List Price | 3 | 4 | 1,575 | $342 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent an extensive renovation in 2022 (within the <5y reno window for Excellent), including a new roof, flooring, and complete kitchen and bath remodels. Major systems and appliances are nearly new, with the water heater and dishwasher replaced as recently as 2025, ensuring mint condition with no deferred maintenance.
Ideally positioned between the prestigious Biltmore and Arcadia neighborhoods and directly across from Los Olivos Park, offering unmatched access to Phoenix's premier dining, shopping, and airport.
The home features extensive modern updates including a new roof, flooring, and fully remodeled kitchen and bathrooms, with essential systems like the water heater and dishwasher replaced as recently as 2025.
The property offers a peaceful, high-end lifestyle with access to lush grassy grounds, two sparkling pools, and tennis courts, complemented by private front and back patios for indoor-outdoor living.
The assigned public schools carry ratings between 3 and 4, which may be a significant consideration for families prioritizing high-performing educational districts.
Despite the high-quality 2022 aesthetic updates, the 1975 build year and condominium status involve shared walls and HOA restrictions that may not appeal to buyers seeking a detached single-family home.
Beautifully updated and ideally located, this 3 bedroom, 2 bath residence offers the perfect blend of comfort, style, and convenience in one of Phoenix's most sought after locations. Featuring both front and back patios along with two covered carport spaces, the home is thoughtfully designed for easy indoor-outdoor living. Extensively renovated in 2022, the home showcases a long list of meaningful upgrades including a new roof, new interior and exterior paint, new flooring throughout, updated baseboards and trim, new kitchen cabinetry, updated counters throughout, and fully remodeled primary and guest bathrooms complete with new tile, waterproofing, and shower pans. Additional improvements include new recessed can lighting, new ceiling fans, custom closet systems throughout, and a backyard storage shed added in 2022. The kitchen is equipped with updated appliances including a stove, microwave, and refrigerator (2022), while the washer and dryer were replaced in 2024, and both the dishwasher and water heater were replaced in 2025. The community features lush grassy grounds, two sparkling pools, and a tennis court, creating a peaceful, resort style atmosphere. Nestled directly across from Los Olivos Park and perfectly positioned between the Biltmore and Arcadia neighborhoods, this home offers unmatched access to some of Phoenix's best dining, shopping, and entertainment, all while being just minutes from the airport. Blending tranquility, thoughtful updates, and an unbeatable location, this is an exceptional opportunity to enjoy the very best of Phoenix living.
No exterior & parking available.
Grades PK-4 • 1.1 mi
Grades 5-8 • 1.7 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,380 | - |
| Lot Size | 2,814 | - |
| Price | $499.5K | $310.8K |
| Price per sq ft | $362 | $272 |
| Built year | 1975 | 0 |
| HOA | $270 | $0 |
| Days on market | 76 | 1408 |
Jun 18, 2026
$499,500
$515,000
-3% Price Drop
Initial Listing
May 8, 2026
$515,000
Initial Listing