Score
0Rio Verde, AZ
27627 N 168th St
1.4M
4 beds
3 baths
3,410 sqft
4 bd • 3 ba • 3,410 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.
AI Property Analysis
0:000:00 / 0:00
List Price
$1,400,000
Price/Sq.Ft
$411
Year Built
2005
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This 3,410 sqft property in Rio Verde, AZ offers exceptional value at $410.56/sqft, which is approximately 15% below the area's average of $483/sqft for similar properties. The 2.4-acre lot size is 60% larger than the typical 1.5-acre lots in the area, providing ample space and privacy. Recent updates and meticulous maintenance add significant value, potentially saving buyers $30,000-$50,000 in immediate renovation costs. The owned solar for water heating can reduce utility costs by an estimated $500-$700 annually. The property's mountain views and proximity to trail riding significantly enhance its desirability, potentially increasing resale value by 10-15%. The resort-style backyard with a heated pool and spa is a standout feature, typically adding $50,000-$75,000 to property value in this market.
The Bad
The property's location in Rio Verde Foothills presents significant water supply challenges. The recent cut-off of hauled water from Scottsdale could lead to additional costs of $5,000-$10,000 annually for alternative water sources. The septic system, while common in the area, requires regular maintenance of $300-$500 every 3-5 years and potential replacement costs of $10,000-$20,000 in the future. The distance from major urban centers (approximately 30 miles to Scottsdale) may impact daily commutes and access to amenities, potentially limiting the buyer pool. The property's fire risk score of 6/10 is higher than the area average of 4/10, which could result in increased insurance premiums of 10-20%.
The Ugly
The critical water supply issue in Rio Verde Foothills poses a severe long-term risk to property values and livability. Potential solutions like a new water district or private utility could take years to implement and may result in assessments of $20,000-$30,000 per household. The area's heat risk score of 8/10 is alarmingly high, with 98th percentile temperatures reaching 111°F. This extreme heat could lead to increased cooling costs of $3,000-$4,000 annually and accelerate wear on the property's systems. The property's price history shows volatility, with a 47.5% increase from 2021 to 2023, followed by a 6.8% decrease, indicating potential market instability. The lack of municipal services in this unincorporated area means homeowners are responsible for road maintenance and other services, potentially costing $2,000-$5,000 annually.
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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 buyers with a household income of $250,000+ annually, considering the $1.4 million price tag and potential additional costs. It's ideal for those seeking a spacious, luxurious retreat away from urban centers who can afford the associated costs and risks. The property would appeal to outdoor enthusiasts and equestrians due to its location and custom barn/workshop. Remote workers or retirees who don't need to commute regularly would find the location advantageous. Investors looking for high-end vacation rentals could potentially capitalize on the resort-like features, with similar properties in the area commanding $400-$600 per night during peak seasons.
Not For
This property is not suitable for first-time homebuyers or those with limited financial resources due to the high purchase price and potential for significant additional costs. Families with school-age children may find the distance to schools (13+ miles) challenging. The property is not ideal for those seeking an easy-to-maintain home, as the large lot and numerous features require significant upkeep. Buyers uncomfortable with the uncertainties surrounding water supply and potential future assessments should avoid this property. Those requiring frequent access to urban amenities or with daily commutes to Phoenix or Scottsdale would find the location inconvenient.
Demographics
Area Median Income
$125,915
Property History
Price History
Ownership Timeline
$0Cash Purchase
Feb 10, 2022Lesley Wright JohnsonLesley Wright Johnson, Lesley Wright Johnson Revocable Trust
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Jan 6, 2021Bryan Detwiler, Carrie LightfostLestey Wright Johnson
Re-Recorded Document
Non-Arm's Length Transactions
$1,000,000Financed
Jan 6, 2021Bryan Detwiler, Carrie LightfootLesley Wright Johnson
Warranty Deed
Standard Sale (Purchase/Resales)
$850,000Financed
May 26, 2016John Vataha, Linda VatahaBryan Detwiler, Carrie Lightfoot
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jul 23, 2012John VatahaJohn Vataha, Linda Vataha
Intrafamily Transfer
Non-Arm's Length Transactions
$631,500Financed
May 21, 2012Tom E Spaid, Barbara Ann SpaidJohn Vataha
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
May 21, 2012Linda VatahaJohn Vataha
Intrafamily Transfer
Non-Arm's Length Transactions
$766,450Financed
Aug 9, 2005Christian C CornwellTom E Spaid, Barbara Ann Spaid
Warranty Deed
Standard Sale (Purchase/Resales)
Property Taxes
$1,709
2024 Tax Assessment
19.8%from previous year
Assessed Value$39,399
Tax Rate4.34%
Sunlight Analysis
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Sunlight Analysis
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Risk Assessment
Climate Risks
heatSEVERE
6 extreme heat days per year
98th percentile: 111°F
fireMAJOR
Insurance: Required
airMINIMAL
3 bad air quality days per year
floodMINIMAL
FEMA Zone: High Risk Area
Insurance: Required
windMINIMAL
Insurance: Optional
Risk Analysis
The most critical risk is the ongoing water supply issue, which could lead to substantial costs and potential property devaluation of 20-30% if left unresolved. The area's high heat risk (8/10) may lead to increased energy costs and potential health risks during extreme heat events. The fire risk score of 6/10 not only impacts insurance costs but also poses a tangible threat to the property. The septic system, while functioning, will require replacement in the future at a cost of $10,000-$20,000. The property's location in an unincorporated area means less predictable service provision and potential for future incorporation efforts that could significantly impact property taxes and regulations. The volatile price history suggests potential market instability, which could affect future resale value.
Insurance
Annual Cost
$5,040
$420 per month
Cost & Affordability
Monthly Costs
Breakdown of estimated monthly expenses for this property
Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements
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20.0% of purchase price
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$1,400 monthly
$420 monthly
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Schools
Financials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow®$2,716
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,400,000
Price/sqft
$411
Layout
4 bd•3 ba
Days on market
14 daysat time of analysis
Stats in the Area
Based on 5 comparable properties nearby
Average Price
$649,200
115.7%
Your price is 115.7% above average
Median Price
$135,000
937.0%
Based on 5 recent sales
Price per Sq.Ft
$821
50.0%
Your price is 50.0% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 17404 E MONUMENT Court, Rio Verde, AZ 85263 | $2,499,000 | 3,044 | 3 | 4 | $821100.0% | 12/5/2024 |
| 0 E Whitethorn Drive #-, Rio Verde, AZ 85263 | $100,000 | N/A | N/A | N/A | N/A | 11/11/2024 |
| 0 N 168th Street #-, Rio Verde, AZ 85263 | $450,000 | N/A | N/A | N/A | N/A | 9/24/2024 |
| 16200 E WHITE FEATHER Lane #-, Scottsdale, AZ 85262 | $135,000 | N/A | N/A | N/A | N/A | 9/12/2024 |
| 2862X N 165th Place #-, Scottsdale, AZ 85262 | $62,000 | N/A | N/A | N/A | N/A | 8/1/2024 |
17404 E MONUMENT Court, Rio Verde, AZ 85263
Price: $2,499,000
Sq.Ft: 3,044
Beds/Baths: 3/4
$/Sq.Ft:
$821100.0%
Sale Date: 12/5/2024
0 E Whitethorn Drive #-, Rio Verde, AZ 85263
Price: $100,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 11/11/2024
0 N 168th Street #-, Rio Verde, AZ 85263
Price: $450,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 9/24/2024
16200 E WHITE FEATHER Lane #-, Scottsdale, AZ 85262
Price: $135,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 9/12/2024
2862X N 165th Place #-, Scottsdale, AZ 85262
Price: $62,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 8/1/2024
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