16502 W ARROYO Court, Surprise, AZ 85374, Surprise, 85374 - 2 bed, 2 bath
Loading property details...
Surprise, AZ 85374
This Exquisite Turnkey Residence is a Prime Investment Opportunity listed at $440,000—positioned well below the $449,159 Fair Market Value by 2%. This valuation gap provides $9,159 in Instant Equity for the buyer. Boasting a Condition Rating of 3, the home features a NEW ROOF, Plantation Shutters, and an expansive 9,746 sq. ft. Corner Lot with a custom pergola. Located near the 8-rated Cimarron Springs Elementary, this property balances financial stability with a premium lifestyle. It is an ideal acquisition for Owner-Occupants or Active Adults seeking a move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16502 W ARROYO Court Subject | $440,000* List Price | 2 | 2 | 1,627 | $276 | - |
A 17934 N VERDE ROCA Drive Sold | $367,950 List Price | 2 | 2 | 1,627 | 0.4 mi | |
B 16438 W LABYRINTH Lane Sold | $445,000 | 2 | 2 | 1,696 | $262 | 0.4 mi |
C 19732 N MOUNTAIN SAGE Lane Sold | $386,000 | 2 | 2 | 1,418 | $272 | 0.5 mi |
D 18313 N ASPEN Court Sold | $369,000 List Price | 2 | 2 | 1,870 | 0.4 mi | |
E 19510 N HIDDEN CANYON Drive Sold | $309,000 List Price | 2 | 2 | 1,414 | 0.2 mi | |
F 19519 N PAPAGO Drive Sold | $399,000 List Price | 2 | 2 | 1,414 | 0.1 mi | |
G 17940 N ESTRELLA VISTA Drive Active | $400,000 List Price | 2 | 2 | 1,934 | $207 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1999, the property is well-maintained and move-in ready. It features a significant system update with a NEW ROOF and high-quality cosmetic touches like plantation shutters and stone countertops. While the kitchen appliances and cabinet styles are older, the overall maintenance and functional updates elevate it above the 'Fair' category for its age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9746, living area = 1627.
The property features a brand-new roof, providing significant value and peace of mind for buyers by eliminating a major near-term maintenance expense.
Situated on an expansive 9,746 sq. ft. corner lot, the home offers enhanced privacy, professional desert landscaping, and a striking stone exterior for superior curb appeal.
While the roof is new, the 1999 construction date suggests that other original major systems, such as the HVAC or water heater, may be nearing the end of their functional lifespan.
The association fee of $1,861 represents a significant recurring carrying cost that may impact the budget of price-sensitive buyers in this active adult community.
Exquisite corner lot residence showcasing a NEW ROOF, timeless finishes & refined design throughout. This beautifully appointed 2 bedroom plus den home features a striking stone exterior & meticulously designed desert landscaping, offering both elegance & effortless upkeep. Sophisticated interior, classic plantation shutters, & a seamless palette of soft, neutral tones creates a light, airy ambiance. The versatile den provides an ideal space for a private office, library, or guest retreat. Designed for exceptional indoor/outdoor living, the backyard is a serene oasis featuring a covered patio enhanced by a custom pergola, perfect for upscale entertaining or tranquil evenings under the Arizona sky. Lush fruit trees add a touch of charm and natural beauty to the space.
No exterior & parking available.
Grades PK-8 • 1.8 mi
Grades PK-8 • 1.9 mi
Grades PK-8 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,627 | 1,702 | 44% |
| Lot Size | 9,746 | 7,195 | 88% |
| Price | $440.0K | $320.0K | 80% |
| Price per sq ft | $270 | $180 | 84% |
| Built year | 1999 | 1999 | 50% |
| HOA | $1861 | $185 | 86% |
| Days on market | 6 | 2115 | 0% |
Apr 16, 2026
$440,000
Initial Listing