5550 N 12TH Street 24, Phoenix, AZ 85014, Phoenix, 85014 - 2 bed, 2 bath
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Phoenix, AZ 85014
This Modernized Central Phoenix Condo is a Strong Value Opportunity, listed at $285,000—positioned well below the $304,213 Fair Market Value by 6%. This valuation gap provides $19,213 in Instant Equity for the incoming owner. Boasting a Condition Score of 3, the interior features a remodeled kitchen with stainless steel appliances and a private balcony overlooking lush landscaping. Located within the respected Madison School District near the I-51, this move-in-ready residence is an ideal match for Owner-Occupants or first-time buyers seeking urban convenience and immediate wealth creation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5550 N 12TH Street 24 Subject | $275,000* List Price | 2 | 2 | 1,176 | $234 | - |
A 5303 N 7TH Street 225 Sold | $209,000 List Price | 2 | 2 | 1,168 | 0.4 mi | |
B 5303 N 7TH Street 225 Sold | $325,000 List Price | 2 | 2 | 1,168 | 0.4 mi | |
C 6530 N 12TH Street 11 Sold | $208,000 List Price | 2 | 2 | 1,120 | 1.0 mi | |
D 6530 N 12TH Street 11 Sold | $265,000 List Price | 2 | 2 | 1,120 | 1.0 mi | |
E 5035 N 10TH Place 204 Active | $270,990 List Price | 2 | 2 | 1,089 | $249 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features a remodeled kitchen with stainless steel appliances and updated bathroom vanities. While the building was constructed in 1980, the interior has undergone significant updates to key areas like the kitchen and bathrooms, meeting the criteria for a well-maintained home with modern functional systems, despite minor visible wear on the bedroom carpeting.
Situated in the heart of Central Phoenix, this property offers exceptional accessibility to the I-51, diverse dining options, shopping centers, and local bike paths.
The unit features a remodeled kitchen with stainless steel appliances and an open-concept layout that maximizes the nearly 1,200 square feet of living space.
A private staircase dedicated to the unit creates a secluded feel, complemented by a large balcony overlooking the community's mature, lush landscaping.
The complex strictly prohibits pets, which significantly limits the potential buyer pool and may affect long-term resale flexibility.
Built in 1980, the property may face challenges associated with older construction and systems compared to newer developments in the area.
Fantastic 2 bedroom, 2 bath condo with almost 1200 sq. ft. of living space -- Huge balcony overlooks the lush mature landscape for the complex**Staircase only goes to your unit so it creates a very private retreat**Bedrooms are good size -- Remodeled kitchen has stainless steel appliances and plenty of counter space -- Kitchen is open to the dining room and the large main living area**Unit is in the heart of Central Phoenix with all of the shopping, restaurants and entertainment attractions**Close to both the I-51 and multiple bike paths**water, sewer, trash, common area maintence, roof repairs and roof replacement are all covered byt the monthly HOA fee** Mature landscaping and a community pool add to the quality living in the complex**
No exterior & parking available.
Grades PK-4 • 0.6 mi
Grades 5-8 • 0.7 mi
Grades 9-12 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,176 | - |
| Lot Size | 1,195 | - |
| Price | $275.0K | $310.8K |
| Price per sq ft | $234 | $272 |
| Built year | 1980 | 0 |
| HOA | $327 | $0 |
| Days on market | 133 | 1408 |
Jul 14, 2026
$275,000
$285,000
-4% Price Drop
Initial Listing
Mar 11, 2026
$285,000
Initial Listing