home in 2608 W Redwood Ln Phoenix, AZ
Set in Phoenix, AZ, this condo provides 3 bedrooms and 3 bathrooms across 1,954 square feet.
| Price | $600,640 |
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| Beds | 3 |
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| Baths | 3 |
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| Sqft | 1954 |
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| Address | 2608 W Redwood Ln Phoenix, AZ 85045 |
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Why buy this home
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced a little under the area.
- New to market (4 days), so expect competition.
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 $3,823/month with 20% down at a 7.28% 30-year fixed rate. You would need about $163,855 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $3,288/mo |
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| Property tax (new-buyer reassessed rate) | $310/mo |
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| Homeowners insurance | $225/mo |
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| Total monthly | $3,823/mo |
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| Down payment (20%) | $120,128 |
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| Income needed | $163,855/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- (68 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- (68/100) |
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| Beats renting in | 23% of modeled paths |
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| Modeled 5-yr equity (median) | $318,029 |
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| Range (10th to 90th pct) | $194,536 to $454,119 |
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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 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.
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