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 | $448 | - |
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 2482 E ROMA Avenue Sold | $447,500 | 2 | 3 | 1,203 | $372 | 0.5 mi |
F 4808 N 24TH Street 530 Sold | $389,000 | 1 | 1 | 1,008 | $386 | 0.0 mi |
G 4808 N 24TH Street 907 Pending | $539,000 List Price | 2 | 2 | 1,166 | $462 | 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.
Rare opportunity at Optima Biltmore. This sleek 1,116 SF 2BD/2BA residence offers contemporary design, low-maintenance living, and a prime Biltmore location ideal for investors or urban buyers. A rare oversized patio lives like an outdoor great room, creating seamless indoor-outdoor flow for relaxing or entertaining. The light-filled open layout features tile flooring, dramatic full-wall windows, and modern finishes. Split-bedroom floor plan offers privacy and flexibility. Unit 231 includes two parking spaces and oversized private storage. Enjoy concierge service, resort-style amenities, rooftop views, pool and walkability to premier dining and shopping. Stroll over to the Biltmore Fashion Park, the Esplanade and Arizona Biltmore Golf Club. Cheers!
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,116 | 1,185 | 44% |
| Lot Size | 1,121 | 1,008 | 67% |
| Price | $425.0K | $381.5K | 62% |
| Price per sq ft | $381 | $312 | 67% |
| Built year | 2006 | 1984 | 76% |
| HOA | $714 | $365 | 80% |
| Days on market | 65 | 1430 | 1% |
Feb 20, 2026
$425,000
Initial Listing