
New River, AZ 85087
This Spacious Desert Horse Property is a Strong Value Opportunity, listed at $680,000—positioned well below the $740,883 Fair Market Value by 8%. This valuation gap provides $60,883 in Instant Equity for the incoming buyer. While maintaining a Fair Condition Rating with original 2001 finishes, the home features a 3-car garage and mountain views on a sprawling 1.46-acre lot with no HOA. With existing horse privileges and a functional split floorplan, the property offers significant lifestyle upside and privacy. This is an ideal acquisition for Owner-Occupants seeking a rural sanctuary or Lifestyle Buyers looking for a functional, move-in-ready desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2244 E CAVALRY Road Subject | $642,000* List Price | 3 | 2 | 2,389 | $241 | - |
A 44123 N 23RD Street Sold | $780,000 | 4 | 3 | 2,794 | $279 | 0.4 mi |
B 42706 N 18th Way Sold | $640,000 | 4 | 4 | 2,632 | $243 | 0.7 mi |
C 42706 N 18th Way Sold | $640,000 | 4 | 4 | 2,632 | $243 | 0.7 mi |
D 44614 N 20TH Street Active | $710,000 List Price | 4 | 2 | 2,347 | $303 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 2001 (25 years ago) and appears to be well-maintained with recent updates like fresh interior and exterior paint. However, the kitchen and bathrooms feature original knotty wood cabinetry and tile work consistent with its year of construction. While move-in ready and functional, the overall style and major components show signs of being outdated without a full modern renovation, aligning with the criteria for a fair condition score.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 63597, living area = 2389.
Situated on 1.46 acres with no HOA, this property offers exceptional privacy and the freedom to utilize the land for various projects or storage without restrictive community guidelines.
The property is fully equipped for horse owners, featuring horse privileges, a fenced pen, and a shade structure already in place, making it a turnkey option for animal lovers.
Built in 2001, the home may soon require capital improvements for major systems like the roof or HVAC, which are approaching the end of their typical 25-year lifecycle.
While offering privacy, the New River location may result in longer commute times to major metropolitan amenities, shopping centers, and employment hubs.
*Seller is offering $10,000 in seller concessions toward a rate buy-down or closing costs as well as a 1 year home warranty with an approved offer!* If you've been looking for space, privacy, and true Arizona desert views, this 3-bedroom, 2-bath home in New River delivers. Situated on 1.46 acres with no HOA, you'll have room to spread out -- and the freedom to use it your way. Horse privileges make this property especially versatile, complete with a fenced horse pen and shade structure already in place. The large fenced backyard offers additional flexibility for pets, projects, or simply enjoying the outdoors. The home has been freshly painted inside and out, and the air ducts and dryer vents have been recently cleaned, adding to its move-in-ready appeal. The split floor-plan creates separation between the secondary bedrooms and the primary suite. The primary bedroom includes a walk-in closet, while the en-suite bath features dual vanities and a jetted tub -- perfect for unwinding at the end of the day. A 3-car garage provides generous storage, and the covered patio is an ideal place to take in the sweeping desert landscape and big-sky sunsets. The expansive desert setting creates a peaceful backdrop for enjoying Arizona's natural beauty, where sightings of deer, rabbits, owls, and other native wildlife -- including the occasional bobcat -- are part of the charm of New River living. This is the kind of property that gives you breathing room -- both inside and out.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,389 | - |
| Lot Size | 63,597 | - |
| Price | $642.0K | $693.8K |
| Price per sq ft | $269 | $278 |
| Built year | 2001 | 0 |
| HOA | $0 | $0 |
| Days on market | 134 | 984 |
May 28, 2026
$642,000
$650,000
-1% Price Drop
Initial Listing
May 14, 2026
$650,000
$659,000
-1% Price Drop
Initial Listing
Apr 23, 2026
$659,000
$680,000
-3% Price Drop
Initial Listing
Mar 10, 2026
$680,000
Initial Listing