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5122 N 31ST Way #238, Phoenix, AZ, 85016

1beds
2baths
1,170sqft
$299,000
$256price/sqft
$1,918/moest. monthly cost
$76,720/yrincome needed

About This Home

Welcome to your beautifully remodeled home in the heart of the exclusive, gated Biltmore Terrace community. Thoughtfully redesigned with exquisite attention to detail, this bright and open space exudes modern elegance. Enjoy the newer A/C installed in 2022 and new LVT flooring throughout, enhancing the home's seamless, neutral aesthetic. The kitchen is a showstopper; featuring sleek two-toned cabinetry, quartz countertops, and an extended island perfect for entertaining. The primary suite offers a private retreat with direct patio access, while the stunningly updated bathroom boasts marble countertops and plenty of space. Enjoy resort-style living with access to two sparkling pools, a fitness center, a rec room, and beautifully landscaped grounds that connect to Biltmore Circle. Just steps from premier shopping and dining at 32nd St & Camelback, and minutes from Camelback Mountain, Old Town Scottsdale, and the Biltmore area this location is truly unbeatable.

Getting Around

54
WalkingSomewhat Walkable
41
TransitSome Transit
52
BikeBikeable

Schools

4/10
3/10
Camelback High SchoolGrades 9-120.6 mi
8/10
Madison Rose Lane SchoolGrades PK-42.6 mi

Construction

Condition

  • Year built: 1981

Materials

  • Roof: Built-Up,Concrete
  • Construction materials: Stucco,Painted,Block

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Refrigerator,Dishwasher,Disposal,Electric Cooktop
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • High Speed Internet,Double Vanity,Eat-in Kitchen,Elevator,No Interior Steps,Full Bth Master Bdrm
  • Window features: Double Pane Windows
  • Flooring: Tile
  • Common walls with other units/homes: 1 Common Wall,Neighbor Below,Neighbor Above

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total structure area: 1,170
  • Total interior livable area: 1,170 sqft

Property

Details

  • Parcel number: 16469512
  • Attached to another structure: Yes

Features

  • Stories: 4
  • Exterior features: Balcony,Private Street(s)
  • Spa features: None
  • Fencing: None

Lot

  • Lot size: 1,226 sqft
  • Features: Borders Common Area,East/West Exposure,North/South Exposure,Corner Lot,Desert Front,Grass Back

Parking

  • Total spaces: 1
  • Parking features: Unassigned,Assigned,Detached
  • Covered spaces: 1
  • Carport: Yes
  • Carport spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveVery High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Heat Wave
Hail
Inland Flooding

FEMA Declared Disasters in Maricopa County and Arizona

Fire
Flood
Snowstorm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,511$18,132
Home Insurance $82$984
Property Taxes $109$1,308
Electricity $216$2,603
Total$1,918$23,016

Income You'd Need if You Spent...

35% on housing$65,760/yr
40% on housing$57,540/yr
45% on housing$51,146/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 1.2%
1.2%
0%15.0%
Property Taxes Growth Rate2-year average: -2.1%
-2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$256This listing

vs Other Active Listings

Avg $/sqft

ZIP 85016$347
Maricopa County$272

vs Homes Sold Last Month

Median $/sqft

ZIP 85016$399
Maricopa County$262

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-23Price change$325,000
2026-04-06Price change$340,000
2026-02-08Listed for sale$349,000
2025-09-09Listing removed$2,200
2025-08-16Price change$2,200
2025-07-25Listed for rent$2,400
2025-06-25Listing removed$345,000
2025-03-02Listed for sale$345,000
2024-07-22Listing removed--
2024-06-21Listed for rent$2,300
2024-03-24Listing removed$349,900
2023-11-09Price change$349,900
2023-10-26Listed for sale$359,900
2023-09-30Listing removed--
2023-09-04Price change$2,199
2023-08-25Price change$1,999
2023-08-23Price change$2,199
2023-08-21Price change$2,299
2023-08-09Price change$2,300
2023-08-05Listed for rent$2,400
2023-08-04Listing removed$360,000
2023-02-18Listed for sale$360,000
2021-03-03Sold$236,219
2021-03-01Pending sale$235,000
2020-11-27Listed for sale$235,000

For Sale by Agent

AgentCylie Lawrence
BrokerageCompass

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