48423 N 24TH Lane, New River, AZ 85087, New River, 85087 - 3 bed, 2 bath
Loading property details...
48423 N 24TH Lane
New River, AZ 85087
ACTIVE
CONDITION: GOOD
3Beds
2Baths
2,124Sq Ft
47,932Lot Size
Property Price
LIST PRICE$690,000
EST. MARKET VALUE
$664,512
3% AboveMARKET VALUE
SUMMARY
This Santa Fe-style residence is a Strong Value Opportunity, listed at $700,000—positioned slightly above the $667,476 Fair Market Value. While not a discount play, the property features an Excellent Condition Rating with over $80,000 in recent upgrades, including Paid-in-Full Solar and an EV Charger. Situated on a sprawling 1.1-acre lot with wide-open desert views and a private hot tub, this home offers a turnkey lifestyle for those seeking privacy. It is an ideal acquisition for outdoor enthusiasts or owner-occupants prioritizing energy efficiency and space.
Estimated Market Value
$664,512
Based on Realkey algorithm analyzing recent comparable sales in New River.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48423 N 24TH Lane Subject | $690,000* List Price | 3 | 2 | 2,124 | $313 | - |
A 49826 N 21ST Drive Sold | $739,000 | 4 | 2 | 2,468 | $299 | 0.9 mi |
B 47806 N 27TH Avenue Active | $659,900 List Price | 4 | 2 | 2,546 | $259 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2006 (18 years old), this property is well-maintained and move-in ready. It features recent updates including new tile flooring, fresh interior and exterior paint, and over $80k in upgrades such as paid-in-full solar and an EV charger. The kitchen and bathrooms are functional with granite countertops, though cabinetry reflects the original build era.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 47932, living area = 2124.
- Energy Efficiency & Upgrades
The property features over $80,000 in recent improvements, including a fully paid-in-full solar system and an EV charger, providing significant long-term utility savings and modern convenience.
- Expansive Acreage & Freedom
Situated on a 1.1-acre lot with no HOA, the property offers exceptional privacy and the freedom to house RVs, trailers, and farm animals, catering perfectly to an equestrian or outdoor lifestyle.
CONSRISKS & DEFICIENCIES
- Geographic Seclusion
While offering peace and privacy, the New River location results in a longer commute to major Phoenix employment hubs and high-end retail centers compared to more central suburban areas.
- Limited Bedroom Count
With only three bedrooms provided within 2,124 square feet, the home may not meet the needs of larger families or buyers requiring multiple dedicated home office spaces.
About 48423 N 24TH Lane
Welcome to your slice of Arizona living in New River! Situated on approximately 1.1 acres, this beautiful Santa Fe-style home offers 3 bedrooms, 2 bathrooms and 2,124 sq. ft. of living space and 3 car garage with your own EV charger. This home is surrounded by wide-open desert views and plenty of privacy. Step inside and enjoy soaring 10-foot ceilings, new tile flooring throughout, fresh paint, spacious bedrooms with large walk-in closets, and an impressive super shower. The home's warm Santa Fe character blends perfectly with the surrounding Arizona landscape. Step outside and unwind in the private hot tub under the open desert sky. With over an acre of land, there's plenty of room to spread out, bring your toys, RVs, trailers, and farm animals and make this property your own The freshly painted exterior adds to the home's clean, updated appearance while maintaining its Southwestern charm. Over 80k in upgrades including PAID IN FULL SOLAR! Enjoy the peace, privacy, and freedom of New River living while still having convenient access to I-17 and the Valley. If you're looking for space, character, and room for your Arizona lifestyle, this is one you won't want to miss!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2006
- Lot Size
- 47,932 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.7 |
| Baths | 2.0 | 2.9 |
| Square foot | 2,124 | 2,471.933 |
| Lot Size | 47,932 | 19,647.8 |
| Price | $690.0K | $584.8K |
| Price per sq ft | $325 | $255 |
| Built year | 2006 | 2010 |
| HOA | $0 | $310 |
| Days on market | 20 | 82 |
Pricing History
Listed for Sale
Sep 4, 2026
$690,000
$700,000
-1% Price Drop
Initial Listing
Price Change
Aug 20, 2026
$700,000
Initial Listing