24081 N 163RD Drive, Surprise, AZ 85387, Surprise, 85387 - 4 bed, 3 bath
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Surprise, AZ 85387
This Prime Investment Opportunity is listed at $550,000, positioned well below the $564,181 Fair Market Value by 2%. This valuation gap offers $14,181 in Instant Equity. Featuring a Condition Rating of 2, this move-in ready home includes owned solar panels, a granite kitchen, and an oversized lot with mountain views. While currently restricted by a one-year lease, the property serves as a stable, high-utility asset. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants planning for future residency.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24081 N 163RD Drive Subject | $550,000* List Price | 4 | 3 | 3,562 | $158 | - |
A 23790 N 161ST Avenue Active | $539,900 List Price | 4 | 4 | 3,104 | $174 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 2009, the property has undergone a recent high-quality renovation (likely <5 years) featuring a modern kitchen with 42-inch white cabinetry and granite countertops, brand new carpet, and updated marble-look tile flooring. The home is in mint, move-in ready condition with added value from owned solar panels and epoxy garage floors.
The home includes owned solar panels, offering substantial long-term savings on utility costs and increasing the property's overall value in the Arizona market.
With 3,562 square feet featuring a den, loft, and a massive bonus/game room, the floor plan provides exceptional flexibility for large families or remote work needs.
The oversized backyard is uniquely positioned with no neighbors behind and features mountain views, offering a level of privacy and scenery rarely found in suburban subdivisions.
The presence of a tenant with a one-year lease restricts the buyer pool to investors, making it unavailable for owner-occupants seeking immediate residency.
The local schools are rated 5 and 6 out of 10, which may be a drawback for families specifically targeting top-tier educational districts.
Calling all investors, tenant in place for one year.. Spacious family home with 3562 Sq/Ft. Brand New Carpet; 4 bedrooms + den, & 3 baths w/formal living, dining, family room, loft & huge bonus/game room! The eat-in kitchen with upgraded w/42'' white cabinetry, granite countertops, stainless appliances, walk-in pantry, island that overlooks the family room, perfect for snacks while watching movies! Sliding doors lead out to an oversized, private backyard w/no neighbors behind! Covered patio w/ceiling fan, grass to play on & paver sitting areas. The bedrooms are upstairs; the master retreat has double door entry & private bath w/dual sink vanity, separate tub & shower & walk-in closet. 2.5 car garage w/epoxy floors. Home has owned Solar Panels.
No exterior & parking available.
Grades PK-8 • 4.4 mi
Grades 9-12 • 5.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,562 | 1,997 | 97% |
| Lot Size | 7,498 | 7,245 | 53% |
| Price | $550.0K | $359.5K | 85% |
| Price per sq ft | $154 | $186 | 45% |
| Built year | 2009 | 2018 | 41% |
| HOA | $94 | $89 | 53% |
| Days on market | 4 | 1213 | 1% |
Jun 2, 2026
$550,000
Initial Listing