47205 N New River Road, New River, AZ 85087, New River, 85087 - 3 bed, 2 bath
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New River, AZ 85087
This property presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $465,644 Fair Market Value by 3%. This valuation gap offers $15,644 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home includes a new 2020 roof, solar panels, and a 1.2-acre lot ideal for horses or RVs. While the interior requires cosmetic updates, the functional layout and infrastructure upgrades provide a solid foundation for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Property is moderate renovation needed.
Built in 1985 (39 years old), the property falls into the >20y category. While it features significant system upgrades like a new roof (2020) and solar panels, the interior is dated with a DIY-style kitchen and basic bathrooms. The listing description's mention of 'finishing touches' and the visible deferred maintenance on the exterior and storage areas indicate it needs minor to moderate repairs and updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 53133, living area = 2008.
The 1.2-acre lot offers significant space for horses, RV parking, and recreational toys, providing the freedom of a rural lifestyle with no HOA restrictions.
The property features a new roof installed in 2020, solar panels to offset energy costs, and a whole-house water filtration system, reducing immediate capital expenditure for the buyer.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2008, other record living area = 1288.
The description indicates the home 'awaits your finishing touches,' suggesting that the 1985 interior may require additional investment in modernizing finishes and fixtures.
While offering privacy and mountain views, the New River location may be considered too isolated for buyers who prioritize proximity to major shopping centers or urban employment hubs.
Looking for space for horses, RVs, or recreational toys? This property offers the opportunity you've been searching for. Situated on 1.2 acres, this 3-bedroom, 2-bathroom home is full of potential and awaits your finishing touches. Relax on the back porch while enjoying the peaceful desert landscape and mountain views in the distance. Inside, you'll find an inviting kitchen featuring a spacious pantry and dedicated laundry area. The home also includes an office space along with an additional storage room, offering flexibility for work, hobbies, or organization. Recent features and updates include a new roof installed in 2020, a whole-house water filtration system with sediment and charcoal filtration, and solar panels to help reduce energy costs and offset rising APS bills.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 46% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 2,008 | 2,505.5 | 30% |
| Lot Size | 53,133 | 19,858.5 | 79% |
| Price | $439.9K | $560.8K | 36% |
| Price per sq ft | $219 | $236 | 47% |
| Built year | 1985 | 2007 | 11% |
| HOA | $0 | $34 | 49% |
| Days on market | 16 | 888 | 1% |
Jun 5, 2026
$439,900
$450,000
-2% Price Drop
Initial Listing
May 21, 2026
$450,000
Initial Listing