720 E ALICE Avenue 206, Phoenix, AZ 85020, Phoenix, 85020 - 2 bed, 2 bath
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Phoenix, AZ 85020
This Updated Walkable Condominium is a Strong Value Opportunity, listed at $205,000—positioned well below the $216,757 Fair Market Value by 5%. This valuation gap provides $11,757 in Instant Equity. Boasting a Move-In Ready Condition Rating, the interior features modern laminate flooring, a cozy fireplace, and a private balcony. Residents enjoy access to a community pool and spa within walking distance of North Mountain Park and the highly-rated Sunnyslope High School. This is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a low-maintenance asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 720 E ALICE Avenue 206 Subject | $205,000* List Price | 2 | 2 | 850 | $255 | - |
A 234 E RUTH Avenue 3 Sold | $155,000 | 2 | 1 | 684 | $227 | 0.4 mi |
B 17 E Ruth Avenue 305 Active | $170,000 List Price | 2 | 2 | 788 | $216 | 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 several modern updates that elevate it above a 'fair' rating despite its 1984 build date. Key improvements include the replacement of all carpet with laminate and tile flooring, an updated kitchen with stone-look countertops and stainless steel appliances, and modern light fixtures. The interior appears well-maintained with no visible deferred maintenance in the provided images.
Situated in the highly desirable 85020 zip code, this property offers exceptional walkability to popular amenities including Starbucks, Planet Fitness, and North Mountain Park.
The interior features a complete absence of carpet, utilizing laminate and tile flooring throughout to provide a clean, modern aesthetic that is easy to maintain.
The thoughtfully designed layout features a seamless flow between living and dining areas, enhanced by a cozy fireplace and abundant natural light that maximizes the living space.
The monthly association fee of $425 is relatively high for a property at this price point, which may impact the overall monthly carrying costs for budget-conscious buyers.
With only 850 square feet for a two-bedroom, two-bathroom configuration, the individual room sizes and storage options may feel limited for some residents.
Located in the highly desirable 85020 zip code, offers walkability to Walgreens, Planet Fitness, Starbucks, Little Miss BBQ, North Mountain Park, and Palma. This bright 2-bedroom, 2-bath condo features a private balcony, and a cozy fireplace. Laminate and tile flooring run throughout the home--no carpet--complementing the spacious bedrooms. The open living and dining areas flow seamlessly, creating a comfortable and functional space ideal for both everyday living and entertaining, while abundant natural light enhances the thoughtfully designed open-concept layout.
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades 5-8 • 2.1 mi
Grades 9-12 • 0.7 mi
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 | 850 | 1,022.5 | 11% |
| Lot Size | 872 | 964 | 41% |
| Price | $205.0K | $247.5K | 29% |
| Price per sq ft | $241 | $261 | 42% |
| Built year | 1984 | 1985 | 47% |
| HOA | $425 | $292 | 88% |
| Days on market | 32 | 1647 | 2% |
Mar 25, 2026
$205,000
Initial Listing