721 E MONTEBELLO Avenue 225, Phoenix, AZ 85014, Phoenix, 85014 - 2 bed, 2 bath
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Phoenix, AZ 85014
This Turnkey End-Unit Condominium offers a sophisticated Move-In Ready lifestyle in Midtown Phoenix, listed at $325,000. While priced above the $287,401 Fair Market Value, the home justifies its premium through a Top-Tier Condition Rating and an Extensive Recent Renovation that exceeds area standards. The interior features a Modern Kitchen with Contemporary Finishes and Wood-Look Flooring, creating a polished urban sanctuary. Situated within the Madison School District near Madison #1 Elementary, the location provides excellent educational options and neighborhood convenience. This property is a perfect fit for Owner-Occupants or first-time buyers seeking a stress-free transition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 721 E MONTEBELLO Avenue 225 Subject | $325,000* List Price | 2 | 2 | 900 | $319 | - |
A 1101 E BETHANY HOME Road 1 Sold | $299,000 | 2 | 2 | 1,020 | $293 | 0.4 mi |
B 749 E MONTEBELLO Avenue 230 Active | $295,000 List Price | 2 | 2 | 840 | $351 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1971, the property has undergone an extensive recent renovation within the last 5 years. The interior features modern wood-look flooring, a fully updated kitchen and bathrooms with contemporary finishes, new light fixtures, and a move-in-ready aesthetic with no visible deferred maintenance.
The unit features a fully updated kitchen and bathrooms with contemporary finishes, providing a move-in-ready experience that appeals to both owner-occupants and high-end renters.
Currently operating as a successful Airbnb, this property offers a turnkey investment opportunity with a demonstrated track record of rental demand in a prime Phoenix location.
As an end-unit, the home benefits from increased privacy and additional natural light compared to interior units, significantly enhancing the living environment.
Built in 1971, the property may require ongoing maintenance or face future assessments related to the aging common elements and building systems typical of older complexes.
The $378 monthly association fee is relatively high for a 900-square-foot condo, which may impact the overall cap rate for investors or monthly affordability for first-time buyers.
Welcome to this beautifully updated end-unit condo in the heart of Phoenix! Featuring updated kitchen and bathrooms, this home offers a modern, move-in-ready feel with thoughtful finishes throughout. Enjoy the convenience of in-unit laundry, a highly desirable feature that adds everyday ease. Currently operating as a successful Airbnb, this unit is frequently rented and presents an opportunity for investors seeking income potential, or for an owner-occupant looking for a low-maintenance home in a prime location. The end-unit location provides added privacy and natural light. Conveniently located near dining, shopping, and freeway access, this property combines comfort, functionality, and income potential all in one.
No exterior & parking available.
Grades PK-4 • 0.6 mi
Grades 5-8 • 1.0 mi
Grades 9-12 • 2.8 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 | 900 | 1,120 | 29% |
| Lot Size | 541 | 1,163 | 9% |
| Price | $325.0K | $225.0K | 77% |
| Price per sq ft | $361 | $261 | 94% |
| Built year | 1971 | 1983 | 26% |
| HOA | $378 | $250 | 86% |
| Days on market | 129 | 1913 | 9% |
Dec 18, 2025
$325,000
Initial Listing