16575 W MORELAND Street, Goodyear, AZ 85338, Goodyear, 85338 - 3 bed, 3 bath
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Goodyear, AZ 85338
This Tenant-Occupied Residential Asset is a Strong Value Opportunity, listed at $380,000—positioned below the $398,944 Fair Market Value by 4%. This valuation gap provides $18,944 in Instant Equity for the incoming buyer. Featuring a Private Pool, Functional Loft, and a Fair Condition Rating, the property offers immediate cash flow with a lease secured through December 2026. Located just 0.26 miles from the 7/10 rated Desert Thunder school, it ensures long-term rental desirability. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16575 W MORELAND Street Subject | $380,000* List Price | 3 | 3 | 1,612 | $247 | - |
A 16564 W POLK Street Sold | $382,000 | 3 | 3 | 1,612 | $237 | 0.4 mi |
B 16125 W LATHAM Street Sold | $395,000 | 3 | 2 | 1,716 | $230 | 0.5 mi |
C 16230 W LATHAM Street Sold | $330,000 | 3 | 2 | 1,290 | $256 | 0.4 mi |
D 16733 W MELVIN Street Sold | $389,900 List Price | 4 | 3 | 2,038 | 0.6 mi | |
E 16668 W BELLEVIEW Street Active | $395,000 List Price | 3 | 2 | 1,591 | $248 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 2002, making it 22 years old, which aligns with the 'Fair' condition criteria for homes built over 20 years ago without major recent renovations. While the home appears well-maintained and functional—featuring a private pool and a standard walk-in closet—the finishes and styles shown in the images and description suggest original or older components rather than modern updates. As an investor-owned, tenant-occupied property, it serves its purpose but likely requires minor cosmetic updates to meet current 'Good' or 'Excellent' quality standards.
The backyard features a fenced pool, covered patio, and grass area, providing a complete outdoor oasis that is highly desirable in the Arizona climate.
Located just 0.26 miles from the highly-rated Desert Thunder school (Rating 7), making it an ideal location for families prioritizing education and convenience.
The 1,612 sq ft layout includes a functional loft space and a primary suite with a garden tub and walk-in closet, offering more flexibility than a standard three-bedroom home.
The property is tenant-occupied through December 31, 2026, which restricts the buyer pool to investors and excludes traditional owner-occupants looking for a primary residence.
With a lease in place for over two years, the owner has limited control over property upgrades or market-rate adjustments in the near term.
INVESTOR home! Tenant occupied through December 31, 2026. 3 bed 2.5 bath with loft and pool. Bedrooms upstairs. Kitchen with eat in kitchen area. Living room downstairs. Primary bedroom includes walk in closet & garden tub. 2 car garage. Backyard includes grass area, covered patio and fendced pool. Laundry downstairs.
No exterior & parking available.
Grades PK-8 • 0.3 mi
Grades PK-8 • 1.2 mi
Grades 6-8 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 1,612 | 2,121 | 19% |
| Lot Size | 4,866 | 6,972 | 6% |
| Price | $380.0K | $385.0K | 49% |
| Price per sq ft | $236 | $201 | 71% |
| Built year | 2002 | 2007 | 22% |
| HOA | $70 | $156 | 17% |
| Days on market | 33 | 1686 | 0% |
Mar 20, 2026
$380,000
Initial Listing