31995 N 124TH Drive, Peoria, AZ 85383, Peoria, 85383 - 4 bed, 3 bath
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Peoria, AZ 85383
This Nearly New 2023 Residence is a Strong Value Opportunity, listed at $499,000—positioned well below the $538,184 Fair Market Value by 7%. This valuation gap provides $39,184 in Instant Equity for a property in Mint Condition. The home features a gourmet kitchen with granite counters, plantation shutters, and a versatile den, complemented by a covered patio with partial mountain views. Located in the desirable Mystic community, it balances modern luxury with immediate financial upside. This is an ideal acquisition for Owner-Occupants seeking a turnkey sanctuary or Buy-and-Hold Investors looking for a high-quality asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31995 N 124TH Drive Subject | $499,000* List Price | 4 | 3 | 1,967 | $274 | - |
A 12765 W BURNSIDE Trail Sold | $494,500 | 3 | 2 | 1,841 | $269 | 0.5 mi |
B 12765 W BURNSIDE Trail Sold | $494,500 | 3 | 2 | 1,841 | $269 | 0.5 mi |
C 31937 N 117TH Avenue Sold | $550,000 | 3 | 2 | 1,921 | $286 | 0.9 mi |
D 32591 N 122ND Avenue Sold | $520,570 | 3 | 2 | 1,760 | $296 | 0.4 mi |
E 31946 N 123RD Lane Active | $515,800 List Price | 4 | 3 | 1,967 | $262 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2023, this home is in mint condition and less than 10 years old. It features modern finishes including a gourmet kitchen with granite countertops, stainless steel appliances, and updated flooring throughout. All major systems (HVAC, Electric) are nearly new, requiring no maintenance.
As a nearly new build, the property features contemporary energy efficiencies and high-end finishes like plantation shutters and granite countertops, ensuring a move-in-ready experience with minimal immediate maintenance.
The 1,967 sqft floor plan is highly functional, offering four bedrooms plus a dedicated den that provides the necessary flexibility for a home office or additional lounge area.
The home boasts upscale details including high ceilings, tile flooring in main areas, and a gourmet kitchen equipped with crown-molded cabinetry and stainless steel appliances.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1967, other record living area = 1761.
The 5,175 sqft lot is relatively small for the area, which may limit outdoor recreational options or future backyard expansions for buyers seeking more privacy or land.
The $185 monthly association fee adds a consistent carrying cost to the property, which may impact the overall affordability for budget-conscious buyers.
Home, sweet home! This delightful 4 bedroom 2 bath welcomes you with a 2-car garage, tasteful pavers, and eye-catching stone accents. Inside, you'll find a cozy den perfect for a lounge or an office. Continue onto the spacious great room, boasting high ceilings, classic plantation shutters, tile flooring, and sliding door access to the backyard. The gourmet kitchen comes with granite counters, ample wood cabinets with crown moulding, pendant/recessed lighting, stainless steel appliances, a pantry, and a peninsula with a breakfast bar. The primary bedroom showcases soft carpeting, an ensuite with dual sinks, and a walk-in closet. Unwind at the end of a long day in the charming backyard, complete with a covered patio perfect for refreshing drinks. Don't miss out on this gem!
No exterior & parking available.
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 | 1,967 | 2,607 | 20% |
| Lot Size | 5,175 | 7,845 | 9% |
| Price | $499.0K | $438.5K | 55% |
| Price per sq ft | $254 | $187 | 68% |
| Built year | 2023 | 2008 | 92% |
| HOA | $185 | $170 | 51% |
| Days on market | 46 | 2393 | 0% |
Apr 22, 2026
$499,000
Initial Listing