Mediterranean home in Phoenix, AZ
A Mediterranean home in Phoenix, AZ, it offers 3 bedrooms and 3.5 bathrooms across 2,740 square feet. Its Mediterranean character defines the property's look.
| Price | $818,748 |
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| Beds | 3 |
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| Baths | 3.5 |
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| Sqft | 2740 |
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| Architectural style | Mediterranean (34% match) |
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| Address | 8659 S 16th Ln, Phoenix, AZ 85401 |
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Why buy this home
- Confirmed Mediterranean architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced in line with the area.
- At $819K, this home is 3% above the $795K median for 360 similar Mediterranean homes in Phoenix, AZ.
- That works out to $299 per square foot, 2% above the $293 comparable rate.
- On the market 15 days.
| This home | $818,748 |
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| Mediterranean median in Phoenix, AZ | $795,000 (360 homes) |
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| Price per sq ft | $299 vs. $293 comps median |
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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 $5,212/month with 20% down at a 7.28% 30-year fixed rate. You would need about $223,356 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $4,482/mo |
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| Property tax (new-buyer reassessed rate) | $423/mo |
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| Homeowners insurance | $307/mo |
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| Total monthly | $5,212/mo |
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| Down payment (20%) | $163,750 |
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| Income needed | $223,356/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B+ (80 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 | B+ (80/100) |
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| Beats renting in | 48% of modeled paths |
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| Modeled 5-yr equity (median) | $527,361 |
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| Range (10th to 90th pct) | $344,928 to $743,673 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward US 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 Trulia