4924 W SILVA Drive, New River, AZ 85087, New River, 85087 - 4 bed, 4 bath
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New River, AZ 85087
This Single Family Residence represents a Prime Investment Opportunity, listed at $662,900—positioned well below the $680,813 Fair Market Value by 2%. This valuation gap offers $17,913 in Instant Equity. Featuring a Condition Rating of 3, the home includes a Detached Casita, Granite Kitchen, and a Spa. Its expansive corner lot and modern infrastructure, including a Level II EV charger, ensure long-term appeal. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, move-in ready desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4924 W SILVA Drive Subject | $649,977* List Price | 4 | 4 | 2,918 | $229 | - |
A 4905 W MAGELLAN Drive Sold | $746,000 | 4 | 3 | 3,337 | $224 | 0.3 mi |
B 43718 N 47TH Drive Sold | $695,000 | 3 | 3 | 3,084 | $225 | 0.3 mi |
C 4903 W FAULL Drive Sold | $575,000 | 4 | 4 | 2,918 | $197 | 0.1 mi |
D 4517 W HEYERDAHL Drive Sold | $626,900 | 4 | 2 | 2,643 | $237 | 0.8 mi |
E 43307 N 47th Drive Pending | $700,000 List Price | 3 | 3 | 2,666 | $263 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007 (19 years old), the property falls within the 10-20 year age bracket for well-maintained, move-in ready homes. The kitchen is functional with granite countertops and newer smart appliances, and the systems are updated with a Level II EV charger and a new 220-volt line for the spa.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15668, living area = 2918.
The separate one-bedroom casita with a full bath provides exceptional versatility for multigenerational living, a private home office, or potential rental income opportunities.
Situated on an expansive 15,668 sqft corner lot, the property offers enhanced privacy, north/south exposure, and a large backyard designed for high-end outdoor entertaining.
The $310 association fee represents a significant ongoing carrying cost that may impact the monthly budget for some buyers.
While offering a serene desert lifestyle, the New River location may result in longer commute times for professionals working in the central Phoenix or East Valley employment hubs.
Situated on a desirable corner lot, this exceptional home offers privacy, flexibility, and outdoor living at its finest. A welcoming front courtyard sets the tone, while the separate one-bedroom casita with a full bath provides the perfect space for guests, multigenerational living, a home office, or potential VRBO income opportunities. Inside, the thoughtfully designed kitchen features granite countertops, ample pull-out cabinetry, a pantry, and newer appliances, including a smart refrigerator with information hub. The split floor plan offers a spacious primary suite complete with a large walk-in closet and a luxurious bath with separate tub and shower. The expansive backyard is an entertainer's dream, featuring a covered patio, mature landscaping, a spa with a new 220-volt line, and low-maintenance xeriscape design. Additional highlights include north/south exposure, a Level II EV charger in the garage, reverse osmosis system, and water softener. Enjoy abundant wildlife, mountain views, and convenient access to Lake Pleasant, I-17, Loop 303, and day trips to Sedona and Prescott for cooler temperatures and outdoor recreation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,918 | - |
| Lot Size | 15,668 | - |
| Price | $650.0K | $693.8K |
| Price per sq ft | $223 | $278 |
| Built year | 2007 | 0 |
| HOA | $310 | $0 |
| Days on market | 49 | 984 |
Jul 6, 2026
$649,977
$662,900
-2% Price Drop
Initial Listing
Jun 3, 2026
$662,900
Initial Listing