5525 E THOMAS Road M16, Phoenix, AZ 85018, Phoenix, 85018 - 1 bed, 1 bath
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Phoenix, AZ 85018
This First-Floor Condominium represents a High-Potential Investment Opportunity with a List Price of $190,000—positioned well below the $253,253 Fair Market Value by 24%. This valuation gap offers $63,253 in Instant Equity. While maintaining a Fair Condition Rating, the unit is move-in ready with tile flooring and a private patio. Located near Papago Park and Old Town Scottsdale, the property serves the Griffith Elementary and Camelback High districts. This is a strategic acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5525 E THOMAS Road M16 Subject | $190,000* List Price | 1 | 1 | 796 | $318 | - |
A 5525 E THOMAS Road P7 Sold | $180,000 | 1 | 1 | 796 | $226 | 0.0 mi |
B 5525 E THOMAS Road F9 Sold | $182,000 | 1 | 1 | 796 | $229 | 0.0 mi |
C 5525 E Thomas Road R 16 Active | $229,500 List Price | 2 | 1 | 848 | $271 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, this property is well-maintained and described as 'tidy,' featuring durable tile flooring throughout and updated dual-pane windows. However, it shows clear signs of age, including dated popcorn ceilings and older architectural styles. While functional and move-in ready, the 50-year-old infrastructure and lack of a recent comprehensive renovation place it firmly in the 'Fair' category.
The property is exceptionally well-located near major attractions including Papago Park, the Phoenix Zoo, and the Desert Botanical Garden, with convenient access to the Light Rail and retail hubs like Costco.
This desirable ground-floor unit features durable tile flooring throughout and dual-pane windows, offering easy access and improved energy efficiency for a low-maintenance lifestyle.
The association fee covers essential utilities such as sewer, trash, and hot water, while providing residents with premium community amenities including a heated pool, gym, and lush green spaces.
Built in 1974, the building and its core systems are over 50 years old, which may lead to higher long-term maintenance requirements or future capital improvement assessments.
The assigned public schools have relatively low performance ratings, which could limit the property's appeal to families and potentially impact long-term resale value.
This FIRST FLOOR Unit is Close to Everything - Costco, Library, Parks, Botanical Garden, Papago, Phoenix Zoo, Camelback Mtn, Light Rail, Restaurants! Community has heated pool and gym, plenty of grass and trees, and community barbecue grills. HOA fees include sewer, trash, and hot water. This tidy one bed and one bath residence has tile throughout and a nice private patio. Dual pane windows and ceiling fan keep it quiet and cool.
No exterior & parking available.
Grades PK-8 • 1.4 mi
Grades 9-12 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 20% |
| Baths | 1.0 | 2.0 | 30% |
| Square foot | 796 | 1,038 | 15% |
| Lot Size | 783 | 805.5 | 48% |
| Price | $190.0K | $285.0K | 35% |
| Price per sq ft | $239 | $298 | 41% |
| Built year | 1974 | 1972 | 50% |
| HOA | $323 | $364 | 43% |
| Days on market | 71 | 1442 | 2% |
Feb 14, 2026
$190,000
Initial Listing