5525 E Thomas Road R 16, Phoenix, AZ 85018, Phoenix, 85018 - 2 bed, 1 bath
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Phoenix, AZ 85018
This Renovated Corner Condominium is a High-Potential Investment Opportunity with a List Price of $229,500—positioned well below the $263,519 Fair Market Value by 12%. This valuation gap offers $34,019 in Instant Equity for buyers. Boasting a Condition Rating of 2, the interior features a Remodeled Granite Kitchen, newer flooring, and critical mechanical upgrades including a Newer HVAC and 200-amp Electrical Box. With desirable Pool and Mountain Views, this turnkey residence is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready asset with significant upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5525 E Thomas Road R 16 Subject | $224,999* List Price | 2 | 1 | 848 | $274 | - |
A 5525 E THOMAS Road F9 Sold | $182,000 | 1 | 1 | 796 | $229 | 0.0 mi |
B 5525 E THOMAS Road L1 Sold | $260,000 | 2 | 2 | 982 | $265 | 0.1 mi |
C 5525 E THOMAS Road C4 Active | $245,000 List Price | 2 | 2 | 982 | $249 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1974, the property has undergone extensive recent renovations that align with current quality standards. The interior features newer flooring, a remodeled kitchen with granite countertops and custom cabinetry, and a modernized bathroom with a large walk-in glass shower. Significant capital improvements have been made to major systems, including a newer HVAC heat pump, a new 200-amp electrical box, and newer energy-efficient windows and sliding doors, leaving no apparent deferred maintenance.
The unit features significant modern upgrades including a remodeled granite kitchen, newer flooring, energy-efficient windows, and a recently replaced HVAC system and electrical panel, minimizing immediate maintenance costs.
As a private corner unit overlooking the pool rather than a road or parking lot, this property offers superior privacy and a more tranquil living environment compared to standard units in the complex.
The property is positioned as a 'First Time Home Buyer Special' with potential closing cost and down payment assistance available through the seller's preferred lender, enhancing its accessibility.
The description highlights the unit's proximity to the community laundry room, which typically indicates a lack of private, in-suite laundry hookups—a common drawback for modern buyers.
The assigned public schools carry relatively low ratings (3 and 4 out of 10), which may limit the property's appeal to families and impact long-term appreciation potential.
A RARE BILTMORE FIND-PRIVATE CORNER CONDO OVERLOOKING THE POOL!!!** FIRST TIME HOME BUYER SPECIAL! ''SELLER'S'' PREFERRED LENDER MAY PROVIDE CLOSING COSTS & DOWN PAYMENT ASSISTANCE!!! Unlike most units, this home does NOT back to a road or parking lot. Instead, it sits poolside-right next to the Pool, Laundry Room and BBQ, for ultimate convenience. INSIDE, nearly everything has been upgraded: Newer flooring throughout. Remodeled kitchen with granite countertops. Custom backsplash & built-in cabinetry for extra storage. Newer appliances. all newer interior doors, newer sliding glass door, newer windows + plantation shutters, custom paint, large walk in Master shower with glass enclosure. Newer Heat pump & AC. new 200 amp Newer electrical box with all new breake
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 |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 848 | - |
| Lot Size | 849 | - |
| Price | $225.0K | $310.8K |
| Price per sq ft | $265 | $272 |
| Built year | 1974 | 0 |
| HOA | $341 | $0 |
| Days on market | 149 | 1408 |
Apr 25, 2026
$224,999
$229,500
-2% Price Drop
Initial Listing
Feb 24, 2026
$229,500
Initial Listing