6216 S 16TH Lane, Phoenix, AZ 85041, Phoenix, 85041 - 3 bed, 2 bath
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Phoenix, AZ 85041
This Move-In Ready Residence is a Prime Investment Opportunity, listed at $359,900—positioned well below the $372,532 Fair Market Value by 3%. This valuation gap offers $12,632 in Instant Equity for buyers. Boasting a Condition Rating of 3, the home features a modernized kitchen with white cabinetry, new carpeting, and scenic mountain views. With an expansive backyard and strategic access to South Phoenix freeways, it balances financial upside with lifestyle comfort. This is an ideal match for first-time buyers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6216 S 16TH Lane Subject | $355,000* List Price | 3 | 2 | 1,298 | $273 | - |
A 5811 S 16TH Drive Sold | $378,000 | 3 | 2 | 1,520 | $249 | 0.3 mi |
B 1547 W Apollo Road Sold | $365,000 | 3 | 2 | 1,342 | $272 | 0.3 mi |
C 1832 W LYDIA Lane Sold | $342,000 | 3 | 2 | 1,279 | $267 | 0.3 mi |
D 1116 W MALDONADO Road Sold | $345,000 | 3 | 2 | 1,317 | $262 | 0.7 mi |
E 1019 W KOWALSKY Lane Sold | $375,000 | 3 | 3 | 1,461 | $257 | 0.5 mi |
F 5811 S 16TH Drive Sold | $378,000 | 4 | 2 | 1,520 | $249 | 0.3 mi |
G 1611 W La Salle Street Pending | $372,500 List Price | 3 | 2 | 1,343 | $277 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone a significant cosmetic refresh. It features updated white cabinetry, modern solid-surface countertops, and a stainless steel dishwasher in the kitchen, along with new neutral carpeting and fresh paint throughout. While the home was built in 2003 and some appliances (like the black range) are older, the overall presentation is clean and well-maintained with no immediate renovations required.
The property features desirable mountain views, a premium aesthetic asset in the Phoenix area that enhances the home's overall appeal and long-term value.
A generously sized backyard provides a versatile canvas for gardening, entertaining, or creating a custom outdoor retreat, which is a significant draw for Arizona buyers.
Located in the heart of South Phoenix, the home offers excellent proximity to major freeways, schools, and shopping, making it an ideal location for commuters.
With 1,298 square feet distributed across three bedrooms, the living areas and secondary bedrooms may feel somewhat constrained for larger families or those requiring bulky furniture.
Built in 2003, the property may require cosmetic updates or appliance upgrades to compete with newer inventory or fully renovated homes in the surrounding submarket.
Welcome to this 3-bedroom, 2-bath home located in the heart of South Phoenix. This property offers a comfortable and functional layout with spacious living areas, a well-sized kitchen, and plenty of natural light throughout. The primary suite includes a private bathroom, while the additional bedrooms provide flexibility for family, guests, or a home office. Step outside to a generously sized backyard with room to entertain, garden, or create your own outdoor retreat. Conveniently located near schools, parks, shopping, and major freeways, this home offers both comfort and accessibility. A great opportunity for homeowners or investors alike--don't miss your chance to see it!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,298 | 1,760 | 17% |
| Lot Size | 5,400 | 6,600 | 21% |
| Price | $355.0K | $352.0K | 52% |
| Price per sq ft | $273 | $197 | 86% |
| Built year | 2003 | 2004 | 41% |
| HOA | $115 | $65 | 74% |
| Days on market | 43 | 827 | 0% |
Apr 9, 2026
$355,000
$359,900
-1% Price Drop
Initial Listing
Mar 14, 2026
$359,900
Initial Listing