Condo / High-rise home in Phoenix, AZ
Set in Phoenix, AZ, this Condo home provides 1 bedroom and 1 bathroom across 707 square feet. The Condo styling carries through the home's design.
| Price | $280,500 |
|---|
| Beds | 1 |
|---|
| Baths | 1 |
|---|
| Sqft | 707 |
|---|
| Architectural style | Condo / High-rise (98% match) |
|---|
| Address | 1701 E Colter Street Unit 351, Phoenix, AZ 85016 |
|---|
Why buy this home
- Confirmed Condo / High-rise architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced below comparable homes.
- At $281K, this home is 17% below the $340K median for 343 similar Condo / High-rise homes in Phoenix, AZ.
- That works out to $397 per square foot, 37% above the $289 comparable rate.
- On the market 12 days.
| This home | $280,500 |
|---|
| Condo / High-rise median in Phoenix, AZ | $340,000 (343 homes) |
|---|
| Price per sq ft | $397 vs. $289 comps median |
|---|
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $1,785/month with 20% down at a 7.28% 30-year fixed rate. You would need about $76,521 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,535/mo |
|---|
| Property tax (new-buyer reassessed rate) | $145/mo |
|---|
| Homeowners insurance | $105/mo |
|---|
| Total monthly | $1,785/mo |
|---|
| Down payment (20%) | $56,100 |
|---|
| Income needed | $76,521/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home A- (83 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | A- (83/100) |
|---|
| Beats renting in | 54% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $190,088 |
|---|
| Range (10th to 90th pct) | $126,900 to $263,195 |
|---|
A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Phoenix, AZ where local data is thin.
Local home values
Typical home values in Phoenix, AZ have risen about 8% over the past 5 years (-1% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Estately