
Surprise, AZ 85388
This property presents a High-Potential Investment Opportunity with a List Price of $355,000—positioned well below the $248,004 Fair Market Value by -43%. Featuring a 4-bedroom, 2,543 sqft floor plan on a premium cul-de-sac lot, the home offers significant upside for value-add renovations. With a Condition Rating of 4, the property requires modernization to reach its full potential. This is an ideal acquisition for Fix-and-Flip Investors or first-time buyers seeking to build equity through strategic interior updates in the Surprise Farms III community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18298 W SMOKEY Drive Subject | $355,000* List Price | 4 | 3 | 2,543 | $98 | - |
A 18136 W Lundberg Street Sold | $300,000 List Price | 4 | 3 | 2,543 | 0.2 mi | |
B 18193 W SAGUARO Lane Sold | $435,000 | 3 | 3 | 2,726 | $160 | 0.7 mi |
C 18328 W SAGUARO Lane Active Under Contract | $427,000 List Price | 4 | 3 | 2,519 | $170 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2006, the property is exactly 20 years old and is being sold 'as-is,' with the listing explicitly calling for 'creative buyers' and 'investors.' While the structure appears sound, the interior features dated wallpaper and original builder-grade fixtures, suggesting that the kitchen, baths, and major systems (HVAC/Electric) are at the end of their typical 20-year life cycle and require modernization.
As a former model home, the 2,543 sqft layout offers exceptional functionality, featuring an open-concept main floor with arched architecture, four large bedrooms, and a substantial upstairs bonus room perfect for a theater or home office.
The property is situated on a generous 8,318 sqft cul-de-sac lot, providing a larger-than-average backyard with ample space for a private pool, garden, or custom outdoor entertaining area.
Priced aggressively at $355,000, this home presents a significant opportunity for investors or owner-occupants to build immediate sweat equity through cosmetic updates in a desirable Surprise neighborhood.
The home is being sold strictly in 'as-is' condition, which necessitates a buyer prepared for potential repairs and may limit certain types of traditional financing.
The listing's emphasis on 'potential' and 'creative touches' indicates that the property likely requires a full interior refresh and modernization to bring it up to current market standards.
This home screams great potential. Waiting for first-time buyers, investors, or those creative buyers who want to add their own touches. A former model home w/ great bones & everything you want in a floor plan. 4 nicely sized bedrooms w/ the main bedroom featuring an additional walk-in closet or a private sitting room. So many options. The bedrooms, bathrooms, & laundry room are upstairs, including a spacious bonus room-perfect for a game room, an additional office space, or a 2nd family room. The kitchen flows into a great room w/ plenty of natural light & has easy access to a wonderful outdoor entertaining space & room for a pool. The cul-de-sac lot provides the abundance of backyard space, offering room for a gardener's paradise. The home is being sold ''as-is'' & priced aggressively. T main floor features an open flow between living, dining, and office space & complements the kitchen and great room w/ fun arched architecture. There is a half bath on the main floor. The garage has numerous cabinets for storage. The home is being sold "as-is" and priced aggressively. Surprise Farms III is located near shopping, restaurants, close to schools, and freeway access.
No exterior & parking available.
Grades PK-8 • 0.7 mi
Grades PK-8 • 1.2 mi
Grades PK-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,543 | 2,246.5 | 68% |
| Lot Size | 8,318 | 6,408.5 | 81% |
| Price | $355.0K | $341.4K | 56% |
| Price per sq ft | $140 | $155 | 47% |
| Built year | 2006 | 2006 | 50% |
| HOA | $285 | $179 | 83% |
| Days on market | 3 | 2228 | 1% |
Jun 5, 2026
$355,000
Initial Listing