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$545,000

Beds
2
Baths
2.0
sq ft
1,356

4808 North 24th Street Unit 803, Phoenix, AZ 85016

4808 North 24th Street Unit 803

Phoenix, AZ 85016

  • 76 days on market
    • Price drop $14,000↓
Best Unit in Optima:The Top Choice for Updates, Location and Views-Motivated Seller- Unbeatable Price! Unit 803 offers one of the largest patios and breathtaking city, sky, and mountain views—a rare find in Optima Biltmore, where many units face neighboring buildings. This home features $23,000 in upgrades, including a 2024 AC unit, luxury vinyl plank flooring, a remodeled master bath, updated second bath, and new wood-framed sliding closet doors. Additional upgrades include an Ecobee thermostat and a reverse osmosis system for purified water. This unit comes with one underground parking spot and the owner has rented a second spot until 12/31/25. Optima Biltmore offers top-tier amenities Secure Entry Underground Parking 24 Hr Fitness Center Rooftop deck with views of downtown Phoenix Rooftop BBQ Rooftop pool and spa (coming soon) Business center and party room with a catering kitchen and bar; Free Cox Basic Cable-This is a $238/mo. value; On-site concierge services for added convenience and a secure entry to ensure safety and privacy. This Move-In-Ready Home in the Best Location Offers Stunning Views, Premium Upgrades, and Luxurious Amenities at an Unbeatable Price - Don't Miss This Opportunity!

Details

Property type

Apartment

Est. home value

$573,821

Lot size

1,344 sq ft

Price per sq ft

$402

Year built

2006

Annual property taxes

$3,723

Monthly HOA fee

$1,009.78

Price History

03/20/2025
ArizonaRegional

ArizonaRegional #6804997

Price change
$545,000
-2.5%
02/22/2025
ArizonaRegional

ArizonaRegional #6804997

Price change
$559,000
-3.45%
01/17/2025
ArizonaRegional

ArizonaRegional #6804997

Listed
$579,000
+67.83%

Schools & Community

Neighborhood: 

Camelback East

Elementary school: 

Madison #1 Elementary School

Middle school: 

Madison Park School

High school: 

Camelback High School

Community features: 

Gated, Fitness Center, Pool

High school district: 

Phoenix Union High School District

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$319,131
Asking price
$545,000
Closing costs (~8% of asking)
-$43,600
Est. remaining loan balance
-$182,269
Cash to seller
$319,131

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Washington Federal National Association

Loan start date

May 2016

Original loan amount

$225,000

Est. remaining balance

$182,269

Interest rate

3.71%

Loan type

New Conventional, 30 year

Seller

Julia M Lankton

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 2:35 PM

Listing updated: 03/24/2025 at 7:21 AM

Listed by: Ellen S Lindzon, R.O.I. Properties Phone #: (602) 319-1326

MLS: ArizonaRegional #6804997

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