15427 N Factory Street, Surprise, AZ 85378, Surprise, 85378 - 3 bed, 1 bath
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Surprise, AZ 85378
Analysis of 15427 N Factory Street, Surprise, AZ 85378 is currently available with a list price of $185,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Surprise Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1935 (>50 years old) with no evidence of renovation. The property is unlivable, featuring a collapsed ceiling, missing drywall, graffiti, and boarded-up windows. It represents land value only.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10050, living area = 1080.
Priced competitively at $185,000 as a bank-owned REO, this property offers a significant opportunity for investors or flippers to build equity through renovation in a growing market.
The generous 10,050 square foot lot provides ample space for property expansions, accessory dwelling units, or extensive outdoor living areas that are rare at this price point.
Built in 1935 and sold as a distressed REO, the home likely requires substantial capital investment for structural repairs, system updates, and modern cosmetic renovations.
The 3-bedroom, 1-bathroom configuration is less favorable for modern families and may limit the property's competitive appeal compared to homes with a second bathroom.
Bank Owned REO. Send Highest and Best Offer
No exterior & parking available.
Grades PK-8 • 1.0 mi
Grades 9-12 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 1,080 | 1,527 | 33% |
| Lot Size | 10,050 | 5,842 | 83% |
| Price | $185.0K | $290.6K | 44% |
| Price per sq ft | $171 | $206 | 44% |
| Built year | 1935 | 2000 | 6% |
| HOA | $0 | $64 | 17% |
| Days on market | 23 | 2484 | 6% |
May 14, 2026
$185,000
Initial Listing