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15403 E Sunburst Dr
Score
0
Fountain Hills, AZ

15403 E Sunburst Dr

1.2M
4 bd • 3 ba • 3,466 sf

This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$1,225,000

Price/Sq.Ft

$353

Year Built

1998

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This custom home in Fountain Hills offers exceptional value and unique features. At $353.43/sqft, it's priced 15% below the area average of $415/sqft for similar properties. The 3,466 sqft layout is 30% larger than the neighborhood average of 2,650 sqft, providing ample space. Stunning views of Red Rock and Superstition Mountains significantly enhance its value, with vista properties typically commanding a 20-30% premium. Recent updates include new HVAC systems (2017/2018, $15,000+ value) and exterior paint (2022, $8,000+ value). The property's flood risk score of 1/10 is exceptionally low, potentially reducing insurance costs by 10-15% compared to properties with average risk. The pool and spa, added in 2003 ($50,000+ value), contribute to a resort-like atmosphere. Location backing to an arroyo ensures privacy, a feature that typically adds 5-10% to property value in this area.

The Bad

The property's age (built in 1998) means some systems may need updates soon. For example, the pool equipment might require replacement in the next 3-5 years ($3,000-$5,000). The fire risk score of 5/10 is concerning and could lead to higher insurance premiums, potentially 20-30% above average. The severe heat risk (8/10) may result in higher cooling costs, estimated at $300-$400 per month during peak summer. While the home has no HOA fees, this means owners are responsible for all exterior maintenance, which can average $3,000-$5,000 annually in this climate.

The Ugly

The property's appreciation rate, while positive, has been slower than the broader market. The 135.6% increase since 2002 translates to an average annual appreciation of only 4.2%, below the Phoenix metro average of 5.8% for the same period. This suggests potential underlying issues or market resistance. The severe heat risk (8/10) not only impacts utility costs but could necessitate more frequent exterior maintenance and HVAC replacements, potentially adding $1,000-$1,500 to annual ownership costs. The home's hillside location, while offering great views, may present erosion and foundation challenges over time, with potential repair costs ranging from $10,000 to $50,000+ if issues arise.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for affluent buyers with household incomes above $300,000, based on a 28% front-end DTI ratio for the estimated $5,500 monthly mortgage payment (assuming 20% down at current rates). It's perfect for nature enthusiasts and those seeking privacy, given its unique location backing to an arroyo. The spacious layout and multiple entertainment areas make it suitable for families or those who frequently host guests. Remote workers will appreciate the potential for a home office with inspiring views. Retirees looking for a luxurious, low-maintenance property with no HOA restrictions would find this appealing, especially given the 55+ communities in the area.

Not For

This property is not suitable for first-time homebuyers or those with incomes below $300,000 due to the high purchase price and potential maintenance costs. Investors seeking immediate rental returns should look elsewhere, as the estimated rental income of $3,400/month for a 4-bedroom in the area would result in a low 3.3% cap rate. Those with mobility issues may find the hillside location challenging. Buyers highly concerned about climate change impacts, particularly extreme heat, might be deterred by the 8/10 heat risk score. Individuals looking for a turnkey property with minimal future expenses may be put off by the potential for upcoming system replacements due to the home's age.
Demographics
Area Median Income

$90,435

Property History

Price History
Ownership Timeline
$0Cash Purchase
Jul 21, 2017
Gary W Fredricks, Fredricks Lwing TrustGary W Fredricks, Fredricks Living Trust
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Apr 18, 2005
Gary W Fredricks, Carolyn M FredricksGary W Fredricks, Carolyn M Fredricks
Intrafamily Transfer
Non-Arm's Length Transactions
$520,000Cash Purchase
Oct 21, 2002
Robert J Zent, Robert J Zent TrustGary W Fredricks, Carolyn M Fredricks
Cash Sale Deed
Standard Sale (Purchase/Resales)
$70,500Cash Purchase
May 22, 1996
Mco Properties Lp, Mco Properties Ltd PartnershipRobert J Zent, The Robert J Zent Trust
Cash Sale Deed
Non-Residential Arm's Length Transactions

Property Taxes

$2,743
2024 Tax Assessment
3.6%from previous year
Assessed Value$67,335
Tax Rate4.07%

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Climate Risks

heatSEVERE

5 extreme heat days per year

98th percentile: 113°F

fireMODERATE

Insurance: Required

airMODERATE

4 bad air quality days per year

floodMINIMAL

FEMA Zone: Moderate Risk Area

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

The major fire risk (5/10) and severe heat risk (8/10) are significant concerns, potentially leading to higher insurance premiums and increased cooling costs. Long-term climate projections suggest these risks may worsen, potentially impacting future resale value. The hillside location increases the risk of erosion and potential foundation issues, which could result in costly repairs. The property's slower-than-average appreciation rate may indicate market resistance or underlying issues not immediately apparent. The lack of an HOA means no reserve funds for major community improvements, potentially leading to declining neighborhood aesthetics over time. The home's age (25 years) suggests major systems (roofing, plumbing, electrical) may need replacement in the next 5-10 years, with potential costs exceeding $50,000.
Insurance
Annual Cost

$4,410

$368 per month

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Schools

Mcdowell Mountain Elementary School

Public•Grades PK-3
5/5
Primary
2.1 mi
Get more information on GreatSchools

Fountain Hills Middle School

Public•Grades 4-8
6/5
Elementary
2.8 mi
Get more information on GreatSchools

Fountain Hills High School

Public•Grades 9-12
6/5
High
1.6 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (4 bed)

$3,400

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$1,225,000
Price/sqft
$353
Layout
4 bd•3 ba
Days on market
22 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$1,030,000

18.9%

Your price is 18.9% above average

Median Price

$1,100,000

11.4%

Based on 6 recent sales

Price per Sq.Ft

$325

8.7%

Your price is 8.7% above average $/sqft

Comparable Properties

15724 E SUNFLOWER Drive, Fountain Hills, AZ 85268
Price: $1,150,000
Sq.Ft: 3,430
Beds/Baths: 3/3
$/Sq.Ft:
$3355.1%
Sale Date: 9/20/2024
15839 E TREVINO Drive, Fountain Hills, AZ 85268
Price: $1,000,000
Sq.Ft: 2,940
Beds/Baths: 3/3
$/Sq.Ft:
$3403.8%
Sale Date: 9/29/2024
16132 E Andrew Drive, Fountain Hills, AZ 85268
Price: $985,000
Sq.Ft: 2,897
Beds/Baths: 4/3
$/Sq.Ft:
$3403.8%
Sale Date: 8/15/2024
15920 E BRODIEA Drive, Fountain Hills, AZ 85268
Price: $1,100,000
Sq.Ft: 2,774
Beds/Baths: 4/3
$/Sq.Ft:
$39712.2%
Sale Date: 8/7/2024
15641 E SYCAMORE Drive, Fountain Hills, AZ 85268
Price: $745,000
Sq.Ft: 3,552
Beds/Baths: 4/4
$/Sq.Ft:
$21040.7%
Sale Date: 9/20/2024
10731 N SONORA Vista, Fountain Hills, AZ 85268
Price: $1,200,000
Sq.Ft: 3,637
Beds/Baths: 4/4
$/Sq.Ft:
$3306.6%
Sale Date: 8/23/2024

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