$425,000

5122 N 31st Way Unit 227 Phoenix, AZ 85016

$5,047
Closing credit¹
2 beds
2 baths
1,319 sqft
0.03 acres
$322 / sqft
Condo

Property details

About 5122 N 31st Way Unit 227

REDUCED ! Light & Bright Spacious Updated Turn-Key at BILTMORE TERRACE in BILTMORE ESTATES a controlled access Gated GOLF COURSE LAKE COMMUNITY - Security Patrolled -Enjoy Walking Paths TWO Pools+ 2 Spas, Clubhouse FITNESS CENTER & ELEVATOR and stairs -South Exposed Balcony for great natural light! CONVENIENCE: direct access to BILTMORE PLAZA Restaurants+Safeway Grocery! New Stone Counters kitchen w plenty of cabinet+counter space & breakfast area. New double-sinks vanities +LED Lighting for both baths !USB-charge plugs, new carpet huge primary suite w desk & dressing +seating area +desk! Inside full size Laundry! HOT water on demand /unlimited! This is a Light & Bright unit w East & Southern daylight exposures & ULTRA QUIET Low-Density Masonry+Steel Construction 1-Owner of 17-years.

Highlights

Home typeCondominium
HeatingENERGY STAR Qualified Equipment, Electric
StatusActive
CoolingCentral Air, ENERGY STAR Qualified Equipment
Size1,319 sqft
Lot size0.03 Acres
Year built1981
ParkingCircular Driveway, Assigned, Detached, Gated, Permit Required
MLS #6751225
ViewCity Lights, Mountain(s)
Private poolYes

Summary

  • MLS Number: 6751225
  • MLS Name: Arizona Regional Multiple Listing Service 2
  • Office Name: Berkshire Hathaway HomeServices Arizona Properties
  • Office Phone: (602) 288-4400
  • Office Email: flb@forrestcan.com
  • Listing Agent: Michael L Braden

IDX 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: 3/15/2025, 1:21:12 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of community pool

$425,000

5122 N 31st Way Unit 227

$5,047

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Mar 05, 2007
Home Sold
$250,000

Tax history

YearAssessmentProperty Tax
2024$31,600$2,490
2023$28,080$2,415
2022$22,320$2,436
2020$19,110$2,398
2019$18,270$2,288
2017$16,900$2,180

History based on county public records data.

Nearby schools

4

Madison Camelview Elementary School

Public District PK-4

1.4 mi

2002 E Campbell Ave

6

Arizona Autism Charter School

Public Charter KG-6

2.3 mi

4125 N 14th St

6

Madison Heights Elementary School

Public District PK-4

2.3 mi

7150 N 22nd St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $83,759. Residents of Phoenix, AZ typically earn between $35k-100k each year. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

21%
<35k
38%
35k-100k
26%
100k-200k
15%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

61%
Single, No Kids
2%
Single, with Kids
34%
Married, No Kids
3%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

4%
<11 yrs old
1%
12-17 yrs old
12%
18-34 yrs old
43%
35-64 yrs old
40%
65+ yrs old

What do the neighbors do for fun?

  • Men's TennisMen's Tennis
  • PGA/LPGAPGA/LPGA
  • Hiking/backpackingHiking/backpacking

Where do the neighbors shop?

  • BloomingdalesBloomingdales
  • Chico'sChico's
  • Nordstrom RackNordstrom Rack

Where do the neighbors go to eat?

  • Bonefish GrillBonefish Grill
  • ChipotleChipotle
  • California Pizza KitchenCalifornia Pizza Kitchen

What do the neighbors drive?

  • LexusLexus
  • CadillacCadillac
  • MazdaMazda

What do the neighbors listen to?

  • NewsNews
  • ClassicalClassical
  • RockRock
All data provided by Home Junction and Claritas

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Frequently asked questions

About 5122 N 31st Way Unit 227

This home is located at 5122 N 31st Way Unit 227 in Phoenix, AZ and zip code 85016 in the Biltmore neighborhood. This 1,319 square foot home, which was built in 1981, sits on a 0.03 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 1, 2024 and is currently priced at $425,000.

In February 2025, from all listings sold in Phoenix, AZ there were more than 185 sold above asking price, over 657 sold below and more than 322 were sold right at the asked price. In February 2025 in Phoenix, AZ there were 11.5% more homes for sale than in January. In February 2025 median list price was $456,254 and the average listing age was 71 days.

From Rocket Homes Real Estate and based on county public records data.

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