5216 N 16th Lane, Phoenix, AZ 85015, Phoenix, 85015 - 3 bed, 3 bath
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Phoenix, AZ 85015
This Spacious Townhome represents a Strong Value Opportunity, listed at $425,000—positioned well above the $393,720 Fair Market Value by 7%. While the list price exceeds the current valuation, the property offers a Condition Rating of 3, featuring brand new stainless steel appliances, plantation shutters, and a private backyard. With a heated community pool and a low-cost HOA, this home provides a functional, move-in-ready lifestyle in a prime North Central Phoenix location. It is an ideal acquisition for Owner-Occupants seeking a low-maintenance residence or first-time buyers prioritizing location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5216 N 16th Lane Subject | $425,000* List Price | 3 | 3 | 2,140 | $184 | - |
A 1862 W VERMONT Avenue Sold | $320,000 | 2 | 3 | 1,847 | $173 | 0.3 mi |
B 1644 W GEORGIA Avenue Active Under Contract | $445,000 List Price | 3 | 3 | 2,140 | $208 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005 (21 years old), the property is well-maintained and move-in ready. The kitchen features brand new stainless steel appliances, and the HOA recently replaced the roofs and repainted the exterior. While the cabinetry and bathroom fixtures appear original to the build date, the overall condition is clean and functional, fitting the criteria for a well-maintained home of this age.
Situated in a gated North Central Phoenix community, this property offers proximity to downtown and dining, paired with a low-cost HOA that recently updated roofs and exterior paint.
With 2,140 sqft, a soaring two-story great room, and a dedicated office/den with private French doors, the home provides a versatile living space rarely found in townhomes.
The interior features brand new stainless steel appliances and premium plantation shutters throughout, offering a move-in-ready feel with high-end finishes.
The local public schools are rated 3/10 and 5/10, which may be a deterrent for families prioritizing top-tier educational districts.
While the property includes a private backyard, the small lot size and townhouse configuration offer less privacy and outdoor utility than a detached single-family residence.
Fantastic townhome in the heart of N. Central Phoenix! Partially updated 3BR+/2.5BA gated townhome features a bright, open layout with a separate office/den w/ its own french doors that open to the back. The spacious great room offers a soaring two-story ceiling, and the large eat in/dining area flows into a spacious, well appointed kitchen with brand new stainless steel appliances! Upstairs incl. 3 generous size bedrooms/ 2 large bathrooms + separate office/den. Highlights include: plantation shutters throughout, large GR fan, private backyard, heated community pool/spa just steps from the home. The low-cost HOA is a plus and they recently painted the complex, replaced the roofs. This is a prime location minutes from Downtown, great midtown restaurants, shopping, sports venues, and mo
No exterior & parking available.
Grades PK-8 • 0.3 mi
Grades 7-8 • 0.6 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,140 | - |
| Lot Size | 2,413 | - |
| Price | $425.0K | $341.8K |
| Price per sq ft | $199 | $259 |
| Built year | 2005 | 0 |
| HOA | $264 | $0 |
| Days on market | 14 | 1211 |
Jul 9, 2026
$425,000
Initial Listing