A Rare North Phoenix Condo Under $195,000: Ground-Floor Living, Gated Community and Low HOA Fees

OWNERSHIP COSTS

Why the $198 Monthly HOA Matters

When evaluating condominium ownership, the purchase price is only part of the financial picture.

Monthly homeowners association fees can meaningfully affect affordability, operating expenses and the long-term cost of ownership.

According to the MLS listing, the association fee includes:

• Water, sewer and trash services
• Roof repair and replacement
• Exterior building maintenance
• Grounds maintenance
• Pest control

For perspective, a condominium with a $350 monthly HOA would cost $1,824 more annually in association dues alone.

That difference can become significant over five or ten years of ownership, although HOA dues and coverage are subject to change.

Understanding the full cost of ownership is particularly important when comparing condominiums throughout North Phoenix, Scottsdale and the Paradise Valley area.

COMFORT & CONVENIENCE

Ground-Floor Convenience with No Interior Stairs

Another distinguishing feature of this Rancho Mirada residence is its ground-floor, end-unit location.

The 691-square-foot floor plan offers a practical combination of privacy, functionality and convenience, with no interior stairs.

Interior features include:

• Open living area with a fireplace
• Kitchen with granite countertops
• Breakfast bar and functional dining space
• Refrigerator, dishwasher and built-in microwave
• In-unit laundry with washer and dryer included
• Covered private patio
• Exterior storage
• Assigned covered parking

Having laundry inside the residence is an especially convenient feature for a condominium of this size and price.

The covered patio creates an additional place to enjoy Arizona's mild winter weather, while the ground-floor location eliminates the need to carry groceries and other belongings up an interior staircase.

RANCHO MIRADA

Gated Community Living at Rancho Mirada

Rancho Mirada offers the convenience of condominium living within a gated North Phoenix community.

Residents have access to community amenities, including a swimming pool, spa, walking paths and fitness facilities.

For buyers who prefer a smaller residence without the responsibilities of maintaining a traditional single-family property, condominium ownership can provide an appealing alternative.

The association's maintenance responsibilities also help simplify certain aspects of ownership, although buyers should review the governing documents to understand individual owner obligations.

LOCATION & LIFESTYLE

A Convenient North Phoenix Location Near Scottsdale and Paradise Valley

One of the strongest advantages of 3845 E Greenway Road #111 is its location in the established 85032 ZIP code.

Situated near the Scottsdale and Paradise Valley corridors, Rancho Mirada provides access to major employment centers, shopping, dining, healthcare and regional transportation routes.

Nearby destinations include:

• PV, the major redevelopment of the former Paradise Valley Mall, featuring Whole Foods Market, Life Time and an expanding collection of restaurants and retailers
• Kierland Commons and Scottsdale Quarter
• Desert Ridge Marketplace
• Costco, Target and neighborhood shopping
• SR-51 and Loop 101 freeway connections
• Mayo Clinic's Phoenix campus and other Valley healthcare facilities

The continued redevelopment of the former Paradise Valley Mall site is particularly noteworthy. The transformation is bringing additional shopping, dining, wellness and residential development to an already established part of North Phoenix.

For residents, the benefit is convenient access to amenities without necessarily purchasing a higher-priced property in neighboring Scottsdale or Paradise Valley.

BUYER OPPORTUNITIES

A Property Worth Considering for Cash Buyers and Investors

With a listing price below $195,000 and relatively modest monthly HOA dues, this property may appeal to several types of purchasers.

Buyers seeking a smaller primary residence

The single-level interior, manageable square footage and included appliances offer a practical option for someone seeking a simpler living arrangement.

Seasonal Arizona homeowners

The gated setting, smaller floor plan and association-maintained common areas may appeal to those seeking a winter residence or an Arizona property for occasional use.

Real estate investors

Cash investors evaluating rental properties often consider purchase price, taxes, association fees, insurance, reserves and maintenance responsibilities before determining whether a property meets their investment objectives.

This residence may also warrant consideration by buyers evaluating a 1031 tax-deferred exchange, provided the purchase satisfies applicable IRS requirements.

Investors should independently verify rental restrictions, association finances, insurance coverage and achievable rental income before making a purchase decision.

PROPERTY OVERVIEW

Property Details at a Glance

3845 E Greenway Road #111, Phoenix, AZ 85032

COMMON QUESTIONS

Frequently Asked Questions About 3845 E Greenway Road #111

LOCAL REAL ESTATE EXPERIENCE

Experience Matters at Every Price Point

Whether purchasing a condominium under $195,000 or a luxury residence in North Scottsdale, the same fundamentals matter: understanding value, evaluating ownership costs, identifying potential risks and protecting your financial interests.

I've been an Arizona resident since 1989 and have represented buyers and sellers throughout the Phoenix metropolitan area since 2004.

Over that time, our team has helped more than 726 families across 75 Valley ZIP codes, representing over $412 million in residential real estate sales.