Score
0Goodyear, AZ
18573 W Paseo Way
494K
5 beds
3 baths
2,455 sqft
5 bd • 3 ba • 2,455 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
$493,800
Price/Sq.Ft
$201
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 18573 W Paseo Way, Goodyear, AZ 85338 offers excellent value at $201.14/sqft, which is approximately 20% below the average price of $251/sqft for similar homes in Goodyear. With 2,455 sqft, it provides ample living space, 23% larger than the typical 2,000 sqft homes in the area. The 5 bedroom, 3 bathroom layout is ideal for large families or those needing extra space for home offices. At $493,800, it's priced 14% below the median home value of $574,000 in Goodyear, suggesting potential for appreciation. The property features desert-adapted landscaping, reducing water consumption and maintenance costs in the arid climate. Its location in a growing suburb of Phoenix offers a balance of quiet living with access to urban amenities.
The Bad
The unknown build year raises concerns about potential hidden maintenance issues and outdated systems. Goodyear's extreme heat (average high of 106°F in July) necessitates an efficient HVAC system, which may need upgrading if original to an older home. The lack of listed features suggests possible outdated amenities or the need for modernization. The property's price point, while below market average, may still be challenging for the median income of $86,271 in Goodyear, potentially limiting the buyer pool. The absence of a pool, common in 30% of Goodyear homes, could be a drawback for some buyers given the hot climate.
The Ugly
The property faces significant climate-related risks. Goodyear's extreme heat can lead to accelerated wear on the roof and exterior, potentially requiring more frequent replacements (every 15-20 years for roofs instead of the typical 30). The area's dust storms may necessitate more frequent HVAC maintenance and filter replacements, adding to annual costs. Water scarcity is a growing concern in Arizona, with potential for future restrictions and rising costs. The monsoon season brings flash flood risks, and if the property is in a flood zone, insurance costs could be substantial. Without knowing the build year, there's a risk of outdated electrical systems, plumbing, or the presence of harmful materials like asbestos or lead paint in older homes, which could lead to costly remediation.
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 best suited for large families or multi-generational households who can fully utilize the 5 bedrooms and 3 bathrooms. It's ideal for buyers with household incomes of $140,000+ to comfortably afford the estimated monthly payments of $3,500 (based on 20% down payment and current interest rates). The spacious layout works well for those needing home office spaces or room for hobbies. First-time homebuyers looking for value in a growing market will appreciate the below-average price point. Investors could potentially earn a 6.8% cap rate based on the estimated rental income of $3,230 for a 4-bedroom home in the area.
Not For
This property is not suitable for downsizers or empty-nesters who may find 2,455 sqft excessive. Buyers seeking a turnkey, modern home may be disappointed by the potential need for updates. It's not ideal for those with limited mobility due to the two-story layout. Investors looking for short-term rentals should be cautious, as Goodyear has stricter regulations on these compared to other Phoenix suburbs. The property may not suit water enthusiasts or those prioritizing a pool, as adding one could cost $30,000-$60,000.
Demographics
Area Median Income
$86,271
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jul 31, 2019Jennifer L Buck, Thomas D JenkinsThomas D Jenkins
Intrafamily Transfer
Non-Arm's Length Transactions
$325,000Financed
Jul 31, 2019Alexander A Maza, Kelly A Griffin MazaThomas D Jenkins
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Nov 2, 2017Alexander A Maza, Kelly N Griffin MazaAlexander A Maza, Kelly N Griffin Maza
Intrafamily Transfer
Non-Arm's Length Transactions
$245,000Financed
Mar 23, 2015American Residential Realty LpAlexander A Maza, Kelly N Griffin Maza
Warranty Deed
Standard Sale (Purchase/Resales)
$195,100Cash Purchase
Apr 23, 2012John L Goldin, Toni J GoldinAmerican Residential Realty Lp
Trustees Deed
Foreclosure
$210,941Financed
Nov 5, 2003Ashton Woods Arizona LlcJohn L Goldin, Toni J Goldin
Warranty Deed
New Construction Residential Transactions
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
5.3/10
AverageMiddle
5.3/10
AverageHigh
5.0/10
AverageFinancials
Monthly Costs
Market Rent (5 bed)
Get a detailed estimate on Zillow$1,600
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$493,800
Price/sqft
$201
Layout
5 bd•3 ba
Stats in the Area
Based on 3 comparable properties nearby
Average Price
$566,475
12.8%
Your price is 12.8% below average
Median Price
$604,425
18.3%
Based on 3 recent sales
Price per Sq.Ft
$223
9.8%
Your price is 9.8% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 9782 S 182nd Drive, Goodyear, AZ 85338 | $655,000 | 2,754 | 4 | 3 | $23818.2% | 10/1/2024 |
| 18354 W PIEDMONT Road, Goodyear, AZ 85338 | $604,425 | 2,785 | 4 | 3 | $2177.9% | 9/27/2024 |
| 18513 W SAN CARLOS Drive, Goodyear, AZ 85338 | $440,000 | 2,069 | 4 | 2 | $2135.7% | 12/15/2024 |
9782 S 182nd Drive, Goodyear, AZ 85338
Price: $655,000
Sq.Ft: 2,754
Beds/Baths: 4/3
$/Sq.Ft:
$23818.2%
Sale Date: 10/1/2024
18354 W PIEDMONT Road, Goodyear, AZ 85338
Price: $604,425
Sq.Ft: 2,785
Beds/Baths: 4/3
$/Sq.Ft:
$2177.9%
Sale Date: 9/27/2024
18513 W SAN CARLOS Drive, Goodyear, AZ 85338
Price: $440,000
Sq.Ft: 2,069
Beds/Baths: 4/2
$/Sq.Ft:
$2135.7%
Sale Date: 12/15/2024
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