5132 N 31ST Way 116, Phoenix, AZ 85016, Phoenix, 85016 - 3 bed, 2 bath
Loading property details...
Phoenix, AZ 85016
This Updated Biltmore Ground-Floor Condo is a Prime Investment Opportunity, listed at $495,000—positioned well below the $576,113 Fair Market Value by 14%. This valuation gap secures $81,113 in Instant Equity for the buyer. Boasting an Excellent Condition Rating, the residence features Apple HomeKit automation, a modernized kitchen, and a private patio. While the $952 monthly HOA is substantial, the 1,544 sqft layout and proximity to Camelback High School provide long-term stability. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5132 N 31ST Way 116 Subject | $495,000* List Price | 3 | 2 | 1,544 | $373 | - |
A 5110 N 31st Way 345 Sold | $390,000 | 2 | 2 | 1,415 | $276 | 0.1 mi |
B 5124 N 31st Place 546 Sold | $375,000 List Price | 1 | 1 | 1,240 | 0.0 mi | |
C 5223 N 24TH Street 206 Sold | $475,000 | 2 | 2 | 1,189 | $399 | 0.6 mi |
D 5110 N 31ST Way N 345 Sold | $390,000 | 2 | 2 | 1,415 | $276 | 0.1 mi |
E 5132 N 31st Way N 134 Active | $365,000 List Price | 2 | 1 | 1,231 | $297 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1981, this property has undergone an extensive recent renovation within the last 5 years, meeting the criteria for 'excellent' condition. The kitchen is fully modernized with white shaker cabinetry, stone countertops, a subway tile backsplash, and high-end smart lighting. The bathrooms feature contemporary large-format tiling and glass enclosures. The inclusion of advanced Apple HomeKit automation, smart curtains, and new appliances indicates that all components are virtually new with no deferred maintenance.
Situated in the prestigious Biltmore area, this ground-floor condo offers a premium 'lock-and-leave' lifestyle with immediate access to high-end dining, shopping, and championship golf courses.
The property is equipped with sophisticated Apple HomeKit automation, including smart lighting and automated curtains, offering a modern, tech-forward living experience that is rare for this vintage.
This rare 3-bedroom, ground-floor unit provides over 1,500 square feet of living space, offering the accessibility and size typically found in single-family homes within a low-maintenance condominium setting.
The monthly association fee of $952 is substantial and may deter buyers sensitive to carrying costs or those comparing the property to other local residential options with lower overhead.
The property is served by schools with lower-to-average ratings, specifically a rating of 3 for the local high school, which may limit its appeal to families focused on top-tier educational districts.
Located in the coveted Biltmore area of Phoenix, this beautifully updated 3-bedroom, 2-bath ground-floor condo offers quiet, low-maintenance living with true lock-and-leave ease. Features include a new refrigerator (Oct 2025), RO water system in the kitchen, Apple HomeKit automation with smart lighting, automated curtains in the living room and primary bedroom, above- and below-cabinet kitchen lighting, power shades in guest bedrooms, and a custom closet system in the primary suite. The gated community offers multiple pools, hot tubs, a fitness center, BBQs, optional coffee socials, and recently redone underground piping—all minutes from shops, dining, golf, and walking/bike paths.
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 | 3.0 | 2.0 | 86% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,544 | 1,189 | 76% |
| Lot Size | 1,650 | 1,008 | 79% |
| Price | $495.0K | $381.5K | 77% |
| Price per sq ft | $321 | $312 | 54% |
| Built year | 1981 | 1984 | 44% |
| HOA | $952 | $365 | 86% |
| Days on market | 78 | 1430 | 1% |
Feb 7, 2026
$495,000
Initial Listing