7887 N 16TH Street 120, Phoenix, AZ 85020, Phoenix, 85020 - 2 bed, 2 bath
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Phoenix, AZ 85020
This Move-In Ready Townhouse presents a Strong Value Opportunity, listed at $379,000—positioned above the $350,502 Fair Market Value by 8%. While priced slightly above market, the property features a Condition Rating of 3 with significant mechanical upgrades, including a 2-year-old AC and brand new water heater. Nestled against the Phoenix Preserve, this home offers immediate access to hiking and biking trails. It is an ideal acquisition for Owner-Occupants seeking a lifestyle-focused residence or first-time buyers prioritizing location and low-maintenance living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7887 N 16TH Street 120 Subject | $369,000* List Price | 2 | 2 | 1,091 | $328 | - |
A 7557 N DREAMY DRAW Drive 224 Sold | $349,900 | 2 | 2 | 950 | $368 | 0.5 mi |
B 1820 E FRIER Drive 1 Sold | $329,000 | 2 | 2 | 976 | $337 | 0.3 mi |
C 1747 E NORTHERN Avenue 277 Active | $420,000 List Price | 2 | 2 | 1,423 | $295 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1996, the property is well-maintained and functional. It features significant recent system upgrades including a 2-year-old AC and a brand new water heater. The interior shows updated wood-look flooring and the unit is presented as move-in ready, meeting the criteria for a well-maintained home in the 10-20+ year range with partial updates.
Nestled against the Phoenix Preserve, this gated community offers immediate access to premier hiking and biking trails, plus walkable dining options, maximizing the Arizona outdoor lifestyle.
The property features a brand new water heater and a two-year-old AC unit, providing significant peace of mind and reducing immediate capital expenditure for the buyer.
The single-level, split floor plan is ideal for roommates or guests, offering maximum privacy while maintaining an open-concept kitchen and family room for entertaining.
At $441 per month, the association fees are relatively high and may impact the overall monthly affordability for budget-conscious buyers.
The assigned high school carries a low rating of 3, which could be a drawback for families with older children or impact long-term resale appeal to that demographic.
This two bedroom/two bathroom single level floor plan is split and ideal for two residents wanting some privacy. Light and bright with open kitchen to family room plus a large dining area. Roomy garage, brand new hot water heater and the AC is only two years old! The gated complex has a lovely pool and tucks into the side of a mountain. Close proximity to hiking, mountain biking and everything the Phoenix Preserve has to offer! Fun restaurants within walking distance too! LOCATION LOCATION LOCATION!
No exterior & parking available.
Grades PK-4 • 1.0 mi
Grades 5-8 • 2.3 mi
Grades 9-12 • 3.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,091 | - |
| Lot Size | 1,557 | - |
| Price | $369.0K | $341.8K |
| Price per sq ft | $338 | $259 |
| Built year | 1996 | 0 |
| HOA | $441 | $0 |
| Days on market | 49 | 1211 |
Jul 21, 2026
$369,000
$379,000
-3% Price Drop
Initial Listing
Jun 3, 2026
$379,000
Initial Listing