6240 N 16th Street 31, Phoenix, AZ 85016, Phoenix, 85016 - 2 bed, 2 bath
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Phoenix, AZ 85016
This Fully Remodeled Townhouse is a High-Potential Investment Opportunity, listed at $250,000—positioned well below the $291,373 Fair Market Value by 14%. This valuation gap offers $41,373 in Instant Equity for the incoming buyer. Boasting a Turnkey Condition Rating, the interior features quartz countertops, luxury vinyl flooring, and a private patio. Located in the premier Uptown Phoenix corridor near Biltmore, the utility-inclusive HOA provides exceptional budget predictability. This asset is perfectly suited for Owner-Occupants desiring a modern lifestyle or Buy-and-Hold Investors seeking a low-maintenance, high-demand rental.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6240 N 16th Street 31 Subject | $250,000* List Price | 2 | 2 | 1,191 | $245 | - |
A 1850 E Maryland Avenue 18 Sold | $219,900 List Price | 2 | 1 | 833 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a complete interior renovation with brand-new kitchen cabinets, quartz countertops, stainless steel appliances, and luxury vinyl flooring throughout. With new windows, sliding doors, and updated bathrooms featuring modern fixtures, the unit meets the criteria for an extensively renovated property within the last 5 years with no deferred maintenance.
The unit has been fully renovated with brand-new appliances, quartz countertops, luxury vinyl flooring, and updated windows, offering a turnkey, move-in-ready experience.
The association fee covers all major utilities including electricity, air conditioning, and water, providing residents with exceptional budget predictability in the Phoenix heat.
Situated near the Biltmore area, the property offers excellent proximity to premier shopping, dining, and social amenities in one of Phoenix's most desirable corridors.
At $680 per month, the association fee is relatively high compared to the listing price, which may impact the monthly affordability and debt-to-income ratio for some buyers.
While the interior is brand new, the complex was built in 1968, meaning the underlying structural and common area components are over 50 years old and may require ongoing maintenance.
Uptown Phoenix 2 bd Condo near Biltmore! Los Blancos offers two sparkling pools, a Clubhouse for social events and Community Clubs, a Pavilion for outdoor dining, and all new landscaping! Completely remodeled! Everything inside this unit is brand new! including never used appliances, flooring, top of line sliding door and windows; kitchen cabinets, quartz counter tops! New bathroom sinks and fixtures and ceramic tile. New window blinds and ceiling fans and luxury vinyl flooring throughout! Large Primary Bedroom w/ensuite bath. Secondary bedroom and full guest bath. Both bedrooms have built in workstations. Private patio for morning coffee or relaxing under the stars. Situated near Pool, Pavilion and guest parking. No worries about electric, a/c or water bills, All Utilities included in hoa
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,191 | 1,455 | 28% |
| Lot Size | 1,028 | 1,585 | 27% |
| Price | $250.0K | $430.0K | 26% |
| Price per sq ft | $210 | $298 | 25% |
| Built year | 1968 | 1979 | 12% |
| HOA | $680 | $278 | 97% |
| Days on market | 25 | 1655 | 1% |
Apr 1, 2026
$250,000
Initial Listing