NOT LISTED FOR SALE

48040 N 15th Ave New River, AZ 85087

Estimated Value: $591,000 - $621,000

4 Beds
2 Baths
2,291 Sq Ft
$266/Sq Ft Est. Value

Last Sold January 10, 2025

Last sale price $620,000 $271 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,602/month

111 Days on Market

Highlights

  • Horses Allowed On Property
  • 2.27 Acre Lot
  • No HOA
  • New River Elementary School Rated A-
  • Mountain View
  • Covered patio or porch

About This Home

As of January 2025

PRIVATE WELL on over 2 plus acres on paved roads. Multiple gates and fenced property. This charming home has it all. Home sits back from road which offers privacy in all directions. Split floorplan, large open living area and cozy fireplace. Access to add fireplace to large primary bedroom. Beautiful new floors throughout. Storage galore. Enjoy the serenity on the extended front porch surrounded by the natural beauty of the desert. Design your guest house, workshop or hobby room in the detached 532 sq ft stone building. Detached 2 car garage. Horses, ATV, RV - you can have it all! Minutes to Outlets North Phoenix and I-17. Shopping and restaurants close while still living the rural lifestyle!

Last Listed By

Joseph Callaway

eXp Realty Brokerage Phone: 480-596-5751 License #SA116603000 Listed on: 08/30/2024

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,286

Year Built

  • Built in 1962

Lot Details

  • 2.27 Acre Lot
  • Desert faces the front and back of the property
  • Chain Link Fence

Parking

  • 2 Car Garage

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • 2,291 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Family Room with Fireplace
  • Mountain Views

Kitchen

  • Built-In Microwave
  • Laminate Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms

Schools

  • New River Elementary School
  • Gavilan Peak Elementary Middle School
  • Boulder Creek High School

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • Water Filtration System
  • Septic Tank

Additional Features

  • Covered patio or porch
  • Horses Allowed On Property

Community Details

  • No Home Owners Association
  • Association fees include no fees

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 202-27-001-Z

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,286

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Cross Street: I17 & New River Road
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1962
  • Tax Year: 2023
  • Directions: East on New River Road to 15th Ave. North on 15th Ave to property on left.
  • Attribution Contact: 480-596-5751
  • Property Sub Type: Single Family - Detached
  • Horses: Yes
  • Lot Size Acres: 2.27
  • Subdivision Name: None
  • Property Attached Yn: No
  • Tax Parcel Letter: Z
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Flooring: Laminate, Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: 1 Fireplace, Family Room
  • Fireplace: Yes
  • Interior Amenities: Drink Wtr Filter Sys, Pantry, Full Bth Master Bdrm, Laminate Counters
  • Living Area: 2291.0
  • Stories: 1
  • Window Features: Dual Pane
  • ResoLivingAreaSource: Appraiser
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Laminate Counters: Yes
  • Fireplace:Fireplace Family Rm: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Chain Link
  • Exterior Features: Covered Patio(s), Patio
  • Lot Features: Natural Desert Back, Natural Desert Front
  • Pool Features: None
  • Pool Private: No
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail, Well Disclosure
  • Home Warranty: Yes
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: RV Access/Parking
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:RV Parking: Yes

Utilities

  • Cooling: Ceiling Fan(s), Refrigeration
  • Heating: Electric
  • Water Source: Well - Pvtly Owned
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: New River Elementary School
  • High School: Boulder Creek High School
  • Junior High Dist: Deer Valley Unified District
  • Middle Or Junior School: Gavilan Peak Elementary

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 98881.0
  • Parcel #: 202-27-001-Z
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 2286.0
  • Tax Book Number: 202.00
  • Tax Lot: 0
  • Tax Map Number: 27.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2024
Closed on
Jan 6, 2025
Sold by
Cahoon Matthew C and Cahoon Jenny E
Bought by
Bartley Brendan N
Seller's Agent
Joseph Callaway
eXp Realty
Buyer's Agent
Steve Williams
Realty Executives
List Price
$650,000
Sold Price
$620,000
Premium/Discount to List
-$30,000
-4.62%
Total Days on Market
111
Views
45
Current Estimated Value
$610,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,639
Avg. Annual Appreciation
-5.26%
Original Mortgage
$550,000
Outstanding Balance
$548,588
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$61,773

Purchase Details

Listed on
Mar 23, 2017
Closed on
Apr 17, 2017
Sold by
Gunn Gary M
Bought by
Cahoon Matthew C and Cahoon Jenny E
Seller's Agent
Cheryl Cosgrove
HomeSmart
Buyer's Agent
Christy Wulbrecht
Good Oak Real Estate
List Price
$299,000
Sold Price
$290,000
Premium/Discount to List
-$9,000
-3.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.34%
Original Mortgage
$275,500
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 1997
Sold by
Horelle Eveline
Bought by
Gunn Gary M and Gunn Susan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,400
Interest Rate
7.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 1994
Sold by
Z Snap Inc
Bought by
Horelle Eveline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,250
Interest Rate
8.38%
Mortgage Type
New Conventional

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bartley Brendan N $620,000 University Title Company
Bartley Brendan N $620,000 University Title Company
Cahoon Matthew C $290,000 Pioneer Title Agency Inc
Gunn Gary M $166,000 Security Title Agency
Horelle Eveline $135,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bartley Brendan N $550,000
Closed Bartley Brendan N $550,000
Previous Owner Cahoon Matthew C $267,500
Previous Owner Cahoon Matthew C $275,500
Previous Owner Gunn Gary M $167,000
Previous Owner Gunn Gary M $175,000
Previous Owner Gunn Gary M $86,000
Previous Owner Gunn Gary M $149,400
Previous Owner Horelle Eveline $128,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2025 01/10/25 Sold $620,000 -0.8% $271 / Sq Ft
12/06/2024 12/06/24 Price Changed $625,000 -1.6% $273 / Sq Ft
11/21/2024 11/21/24 Price Changed $635,000 -2.3% $277 / Sq Ft
08/30/2024 08/30/24 For Sale $650,000 +124.1% $284 / Sq Ft
04/26/2017 04/26/17 Sold $290,000 -3.0% $145 / Sq Ft
03/27/2017 03/27/17 Pending -- -- --
03/23/2017 03/23/17 For Sale $299,000 -- $150 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,416 $23,570 -- --
2024 $2,286 $22,447 -- --
2023 $2,286 $38,870 $7,770 $31,100
2022 $1,571 $23,610 $4,720 $18,890
2021 $1,621 $20,870 $4,170 $16,700
2020 $1,586 $20,020 $4,000 $16,020
2019 $1,534 $19,460 $3,890 $15,570
2018 $1,479 $17,100 $3,420 $13,680
2017 $1,452 $14,330 $2,860 $11,470
2016 $1,317 $13,310 $2,660 $10,650
2015 $1,219 $10,950 $2,190 $8,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6750671

Arizona Regional Multiple Listing Service (ARMLS)

APN: 202-27-001Z