4808 N 24TH Street 231, Phoenix, AZ 85016, Phoenix, 85016 - 2 bed, 2 bath
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Phoenix, AZ 85016
This sleek Biltmore Condominium is a High-Potential Investment Opportunity with a List Price of $425,000—positioned well below the $500,248 Fair Market Value by 15%. This valuation gap provides $75,248 in Instant Equity. Boasting a Good Condition Rating, the residence features an oversized patio, mountain views, and a granite kitchen. While the HOA fees are higher, the resort-style amenities and prime walkability to Biltmore Fashion Park offer significant lifestyle and rental appeal. This is an exceptional find for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4808 N 24TH Street 231 Subject | $425,000* List Price | 2 | 2 | 1,116 | $381 | - |
A 4808 N 24TH Street 1427 Sold | $479,000 | 2 | 2 | 1,089 | $440 | 0.0 mi |
B 4808 N 24TH Street 1427 Sold | $479,000 | 2 | 2 | 1,089 | $440 | 0.0 mi |
C 4808 N 24TH Street 1427 Sold | $479,000 | 2 | 2 | 1,089 | $440 | 0.0 mi |
D 4808 N 24TH Street 530 Sold | $389,000 | 1 | 1 | 1,008 | $386 | 0.0 mi |
E 4808 N 24TH Street 530 Sold | $389,000 | 1 | 1 | 1,008 | $386 | 0.0 mi |
F 2482 E ROMA Avenue Sold | $447,500 | 2 | 3 | 1,203 | $372 | 0.5 mi |
G 4808 N 24TH Street 427 Active | $475,000 List Price | 2 | 2 | 1,089 | $436 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this property is well-maintained and move-in ready, fitting the 10-20 year age criteria for a 'good' rating. The kitchen features quality granite countertops and stainless steel appliances that, while potentially original, remain functional and stylish. The unit boasts consistent tile flooring throughout, modern ceiling fans, and floor-to-ceiling windows that are in excellent condition, requiring no immediate renovations.
Situated in the heart of the Biltmore area, this property offers exceptional walkability to premier dining, shopping at Biltmore Fashion Park, and the Esplanade.
Features a rare, oversized patio that functions as an outdoor great room, providing a seamless indoor-outdoor flow rarely found in urban condominium living.
Residents benefit from resort-style rooftop amenities, concierge services, two dedicated parking spaces, and oversized private storage, adding significant convenience and value.
The monthly association fee of $714 is relatively high, which may impact the overall affordability and appeal for budget-conscious buyers or investors.
The assigned public schools have lower ratings (3-4 out of 10), which could be a consideration for families prioritizing top-tier educational districts.
Seller offering 6 months of prepaid HOA dues at close of escrow! Rare investment or second-home opportunity at Optima Biltmore. This 2BD/2BA, 1,116 SF residence offers lock-and-leave convenience, strong rental potential, and a premier Biltmore location. An oversized patio lives like an outdoor living room--an uncommon feature that adds tenant and guest appeal. Light-filled open layout with modern finishes and split-bedroom design for privacy. Includes 2 parking spaces and oversized private storage. Full-service building with concierge, resort-style amenities, rooftop pool, and stunning views. Walkable to dining, shopping, and golf. Ideal low-maintenance luxury for investors or seasonal owners.
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades 5-8 • 1.2 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,116 | - |
| Lot Size | 1,121 | - |
| Price | $425.0K | $310.8K |
| Price per sq ft | $381 | $272 |
| Built year | 2006 | 0 |
| HOA | $714 | $0 |
| Days on market | 153 | 1408 |
Feb 20, 2026
$425,000
Initial Listing