$8,301 Closing Credit¹
#6847152, Heather M Mahmood-Corley, Listing Office: Redfin Corporation
#6857536·
Listing office: LRA Real Estate Group, LLC·
Listing agent: Bryan Mortensen·
Listing office phone: 480-526-5644
$689,000 List price
506 E Balao Dr Phoenix, AZ 85085
$8,182
Closing credit¹
3 beds
2 baths
1,621 sqft
0.1 acres
$425 / sqft
House
Property details
About 506 E Balao Dr
Welcome to your dream home! Built in 2020 and packed with upgrades, this 3-bedroom, 2-bath beauty features soaring vaulted ceilings, a chef's kitchen with quartz countertops, stainless steel appliances, white shaker cabinetry, a wall oven, and a 5-burner gas cooktop. Modern touches include on-trend lighting, square corners, tile flooring in all the right places, and plush Berber carpet in the bedrooms. Enjoy the oversized garage with epoxy floors, ceiling storage racks, and space for a boat or trailer. The backyard is an entertainer's paradise with a large saltwater pool and expansive travertine decking. Additional highlights include an iron front door, soft water system, and a freshly repainted exterior (2023). Located in a gated community with a splash pad!
Highlights
Home typeSingle Family Residence
HeatingNatural Gas
StatusActive
CoolingCentral Air, Ceiling Fan(s)
Size1,621 sqft
Lot size0.14 Acres
Year built2020
ParkingGarage Door Opener, Extended Length Garage, Tandem
MLS #6857536
Garage3 spaces
Private poolYes
Summary
- MLS Number: 6857536
- MLS Name: Arizona Regional Multiple Listing Service 2
- Office Name: LRA Real Estate Group, LLC
- Office Phone: (480) 526-5644
- Office Email: Don@LRAphx.com
- Listing Agent: Bryan Mortensen
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/26/2025, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$689,000
506 E Balao Dr
$8,182
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 10, 2021 | Home Sold | $575,000 |
| May 05, 2020 | Home Sold | $395,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $61,950 | $2,274 |
| 2023 | $47,310 | $2,190 |
| 2022 | $36,180 | $2,287 |
| 2020 | $6,750 | $165 |
| 2019 | $1,905 | $155 |
| 2017 | $1,830 | $150 |
History based on county public records data.
Nearby schools
8
Desert Willow Elementary School
Public District PK-6
4.6 mi
•4322 E Desert Willow Pkwy
9
Boulder Creek Elementary School
Public District PK-6
5.4 mi
•22801 N 22nd St
7
Desert Sage Elementary School
Public District PK-6
6.3 mi
•4035 W Alameda Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $73,580. Residents of Phoenix, AZ typically earn between $35k-100k each year. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
8%
<35k
66%
35k-100k
15%
100k-200k
11%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
41%
Single, No Kids
10%
Single, with Kids
24%
Married, No Kids
25%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
5%
12-17 yrs old
32%
18-34 yrs old
39%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Skiing/snowboarding
College Football
PGA/LPGA
Where do the neighbors shop?
BJs Wholesale Club
Express/Express For Men
Stein Mart
Where do the neighbors go to eat?
Panera
Sonic
Cracker Barrel
What do the neighbors drive?
Infiniti
Kia
Lexus
What do the neighbors listen to?
Adult Hits
New Country
Oldies
All data provided by Home Junction and Claritas
Similar homes for sale
1 day on Rocket
$9,322 Closing Credit¹
#6853547, Michael Zschunke, Listing Office: Berkshire Hathaway HomeServices Arizona Properties
3 days on Rocket
$9,797 Closing Credit¹
#6854231, Michelle Horowitz, Nicole Demas, Listing Office: Berkshire Hathaway HomeServices Arizona Properties
$9,084 Closing Credit¹
#6843480, Michelle Horowitz, Listing Office: Berkshire Hathaway HomeServices Arizona Properties
$9,975 Closing Credit¹
#6846757, Tim Gates, Listing Office: Platinum Realty Network
Frequently asked questions
About 506 E Balao Dr
This home is located at 506 E Balao Dr in Phoenix, AZ and zip code 85085 in the Desert View neighborhood. This 1,621 square foot home, which was built in 2020, sits on a 0.14 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 26, 2025 and is currently priced at $689,000.
In March 2025 more than 224 listings in Phoenix, AZ were sold above the asking price. During the same period more than 375 listings were sold at asking price, while more than 812 were sold below. The inventory of homes for sale in Phoenix, AZ between February and March 2025 increased by 9.3%. While the average time on the market in March 2025 was 65 days, the median list price was $459,738.
From Rocket Homes Real Estate and based on county public records data.