Condo / High-rise home in Phoenix, AZ
This Condo apartment in Phoenix, AZ offers 1 bedroom and 1 bathroom across 693 square feet. The Condo styling carries through the home's design.
| Price | $199,999 |
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| Beds | 1 |
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| Baths | 1 |
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| Sqft | 693 |
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| Architectural style | Condo / High-rise (93% match) |
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| Address | 3830 E Lakewood Parkway E Unit 2043, Phoenix, AZ 85048 |
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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 $200K, this home is 40% below the $335K median for 511 similar Condo / High-rise homes in Phoenix, AZ.
- That works out to $289 per square foot, 1% above the $286 comparable rate.
- On the market 10 days.
| This home | $199,999 |
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| Condo / High-rise median in Phoenix, AZ | $335,000 (511 homes) |
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| Price per sq ft | $289 vs. $286 comps median |
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It is well below comparable homes, which can mean condition issues, a smaller lot or living area, a leasehold, or a data quirk. Check the source listing before getting excited. 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 $1,273/month with 20% down at a 7.28% 30-year fixed rate. You would need about $54,560 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,095/mo |
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| Property tax (new-buyer reassessed rate) | $103/mo |
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| Homeowners insurance | $75/mo |
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| Total monthly | $1,273/mo |
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| Down payment (20%) | $40,000 |
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| Income needed | $54,560/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 (70 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 (70/100) |
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| Beats renting in | 27% of modeled paths |
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| Modeled 5-yr equity (median) | $109,934 |
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| Range (10th to 90th pct) | $68,507 to $159,175 |
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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 Phoenix, AZ where local data is thin.
Local home values
Typical home values in Phoenix, AZ have risen about 6% 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.
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