5205 N 24TH Street 103, Phoenix, AZ 85016, Phoenix, 85016 - 2 bed, 2 bath
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Phoenix, AZ 85016
This Rare Ground-Floor Condominium is a Prime Investment Opportunity, listed at $449,900—positioned well below the $462,624 Fair Market Value by 2%. This valuation gap offers $12,724 in Instant Equity for a home with a Condition Rating of 3. Featuring a renovated granite kitchen, wood-look flooring, and a private patio overlooking resort-style grounds, the property offers a sophisticated lifestyle within the Madison School District. Its direct pedestrian gate to Biltmore Fashion Park provides unparalleled convenience. This is the perfect sanctuary for Owner-Occupants or seasonal residents.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5205 N 24TH Street 103 Subject | $449,900* List Price | 2 | 2 | 1,189 | $389 | - |
A 5110 N 31st Way 345 Sold | $390,000 | 2 | 2 | 1,415 | $276 | 0.7 mi |
B 5223 N 24TH Street 206 Sold | $475,000 | 2 | 2 | 1,189 | $399 | 0.2 mi |
C 5223 N 24TH Street 206 Sold | $475,000 | 2 | 2 | 1,189 | $399 | 0.2 mi |
D 5223 N 24TH Street 206 Sold | $475,000 | 2 | 2 | 1,189 | $399 | 0.2 mi |
E 4808 N 24TH Street 1427 Sold | $479,000 | 2 | 2 | 1,089 | $440 | 0.4 mi |
F 5201 N 24TH Street 206 Sold | $420,000 | 2 | 2 | 1,189 | $353 | 0.0 mi |
G 5221 N 24TH Street 208 Pending | $379,900 List Price | 2 | 2 | 1,073 | $354 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1979, it is in move-in ready condition with significant modern updates. The kitchen has been renovated with contemporary flat-panel cabinetry, granite countertops, a tile backsplash, and stainless steel appliances. The interior features updated wood-look flooring and recessed lighting, and the listing notes the installation of newer windows, indicating the property has been well-maintained and modernized beyond its original construction standards.
The property features a direct pedestrian gate to Biltmore Fashion Park, offering unparalleled walkability to high-end dining, luxury shopping, and entertainment.
Two-bedroom ground-level units are rare in The Cloisters, providing excellent accessibility and a desirable 'lock-and-leave' lifestyle without the hassle of stairs.
Positioned to overlook a lush green space and a resort-style pool, the unit offers a peaceful, private atmosphere within a secure, gated community.
The monthly HOA fee of $571 is relatively high, which may impact the overall affordability for some buyers and reduce net yields for potential investors.
The property is zoned for schools with average to below-average ratings, specifically a 3/10 for the local high school, which may deter families prioritizing education.
Ground-level condo in the desirable gated Cloisters in the Biltmore! This spacious and beautiful property features an open floor plan, high-quality finishes, ample closet space, and newer windows. Overlooking a resort-style pool and lush green space, the setting is peaceful and private. Ideal lock-and-leave living with a direct pedestrian gate to Biltmore Fashion Park's dining and shopping. Close to golf, Phoenix Sky Harbor Airport, trails, and the best of Arizona! Two bedroom ground floor units at the Cloisters are rare, don't miss this amazing opportunity!
No exterior & parking available.
Grades 5-8 • 1.0 mi
Grades PK-4 • 1.9 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 | 2.0 | 2.0 | 50% |
| Square foot | 1,189 | 1,189 | 50% |
| Lot Size | 1,143 | 1,008 | 70% |
| Price | $449.9K | $381.5K | 67% |
| Price per sq ft | $378 | $312 | 67% |
| Built year | 1979 | 1984 | 32% |
| HOA | $571 | $365 | 71% |
| Days on market | 65 | 1430 | 1% |
Feb 20, 2026
$449,900
Initial Listing