5132 N 31ST Way 128, Phoenix, AZ 85016, Phoenix, 85016 - 1 bed, 2 bath
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Phoenix, AZ 85016
This Strong Value Opportunity is a Townhouse-style Condo listed at $350,000—positioned well below the $366,078 Fair Market Value by 4%. This valuation gap offers $16,078 in Instant Equity. Featuring a Condition Rating of 3, the unit includes modern granite counters and vinyl plank flooring. Residents enjoy a heated pool, spa, and Camelback Mountain views. While the HOA fee is notable, the property provides a stable, move-in ready lifestyle for Buy-and-Hold Investors or Owner-Occupants seeking a convenient Biltmore location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5132 N 31ST Way 128 Subject | $299,000* List Price | 1 | 2 | 1,170 | $261 | - |
A 2810 E GLENROSA Avenue 18 Pending | $385,000 List Price | 2 | 2 | 1,224 | $315 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1981 but features clear updates including granite countertops and modern vinyl plank flooring. The kitchen and bathrooms appear well-maintained and functional with mid-range renovations (likely 5-15 years old), making the unit move-in ready without immediate need for major repairs.
Situated in the prestigious Biltmore area, this property offers highly sought-after views of Camelback Mountain from a private balcony, significantly enhancing its market appeal.
At 1,170 square feet, this unit provides an exceptionally generous living space for a one-bedroom floor plan, featuring the added benefit of no interior steps for maximum accessibility.
The gated Biltmore Terrace community offers an upscale lifestyle with access to a heated pool, spa, clubhouse, media room, and well-maintained biking and walking paths.
The monthly HOA fee of $650 is relatively high for a one-bedroom residence, which may impact the property's affordability and overall investment yield for some buyers.
The assigned high school has a lower rating of 3, which could be a concern for long-term resale value and may limit the property's appeal to education-focused demographics.
Located in the highly desirable Biltmore area, this turn key, fully furnished, updated 1 bed, 1.5 bath townhouse-style condo offers 1,170 sq ft of comfortable living with beautiful Camelback Mountain views from the private balcony. Inside, you'll find a bright single-level layout with no interior steps, tile and vinyl flooring, granite counters, a pantry, included washer and dryer, and a spacious primary suite with a walk-in closet, double vanity, and full bath. The gated Biltmore Terrace community features a heated pool and spa, clubhouse/rec room, community media room, and biking/walking paths. With covered parking, nearby shopping, dining, entertainment, and easy access to the Camelback Corridor, this is a great opportunity in one of Phoenix's most convenient locations.
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 |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,170 | - |
| Lot Size | 1,189 | - |
| Price | $299.0K | $341.8K |
| Price per sq ft | $256 | $259 |
| Built year | 1981 | 0 |
| HOA | $650 | $0 |
| Days on market | 48 | 1211 |
Jun 25, 2026
$299,000
$350,000
-15% Price Drop
Initial Listing
Jun 5, 2026
$350,000
Initial Listing