5122 N 31st Way 244, Phoenix, AZ 85016, Phoenix, 85016 - 2 bed, 3 bath
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Phoenix, AZ 85016
This Premium Biltmore Penthouse offers a sophisticated lifestyle at a List Price of $950,000, aligning perfectly with its $950,000 Fair Market Value. Boasting a Condition Rating of 3, the residence features high-end travertine flooring, granite countertops, and a rare split-master layout. Residents enjoy golf course and mountain views from the community's largest balcony. Located near Madison Elementary and Camelback High schools, this gated sanctuary provides resort-style pools and fitness centers. It is an exceptional match for Luxury Home-Seekers or Seasonal Residents desiring a secure, move-in-ready retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5122 N 31st Way 244 Subject | $950,000* List Price | 2 | 3 | 1,835 | $518 | - |
A 2530 E OREGON Avenue Sold | $1,100,000 | 2 | 2 | 1,740 | $632 | 0.6 mi |
B 2530 E OREGON Avenue Sold | $1,100,000 | 2 | 3 | 1,877 | $586 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant upgrades over its original 1981 construction, including travertine flooring and granite countertops in the kitchen and bathrooms. The kitchen is equipped with stainless steel appliances and updated cabinetry. While some elements like the bathroom light fixtures and gold-tone hardware are dated, the overall maintenance level is high, and the penthouse is in functional, well-preserved condition without immediate need for renovation.
Situated on the top floor of the prestigious Arizona Biltmore Estates, this residence offers a tranquil setting with mountain views and overlooks the Links Golf Course fairways and lakes.
Boasting 1,835 square feet, this unit features a rare split-master ensuite layout and the largest balcony in the community, providing an exceptional indoor-outdoor living experience.
The interior is upgraded with elegant travertine flooring, granite countertops, and a cozy fireplace, complemented by practical luxuries like instant hot water and a full-sized laundry room.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1835, other record lot size in square feet = 2348.
The monthly association fee of $1,124 is significant and may impact the overall affordability and monthly carrying costs for potential buyers.
Constructed in 1981, the property may require more frequent maintenance or face future capital improvement assessments compared to newer luxury developments in the Phoenix area.
BILTMORE TERRACE PENTHOUSE a very tranquil lofty residence at ARIZONA BILTMORE ESTATES - 1,835'square foot plan often described as a 3-BR or 2-BR & Den with 2.5 baths along with the largest balcony available. Gated & Patrolled Links Golf Course at ARIZONA BILTMORE Low-Density Community. This is a PREMIUM Location, top floor with fireplace. Travertine flooring & granite counters. Two spacious Split-Master Ensuite Bedrooms, Instant-Hot-Water and full sized laundry along with the best available assigned parking space! Two community pools & spas, clubhouse is terraced overlooking the 3rd green & different lakes on the Links 3rd & 4th fairways, exercise fitness center and two bicycle storage facilities.
No exterior & parking available.
Grades 5-8 • 1.8 mi
Grades PK-4 • 2.6 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 1,835 | 1,189 | 83% |
| Lot Size | 1,835 | 1,008 | 80% |
| Price | $950.0K | $381.5K | 87% |
| Price per sq ft | $518 | $312 | 91% |
| Built year | 1981 | 1984 | 44% |
| HOA | $1124 | $365 | 87% |
| Days on market | 534 | 1430 | 38% |
Nov 8, 2024
$950,000
Initial Listing