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27627 N 168th St
Rio Verde, AZ

27627 N 168th St

$1,400,000
4 bd • 3 ba • 3,410 sf

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

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AI Property Analysis

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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.

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

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Risk Assessment

Climate Risks

heatSEVERE

6 extreme heat days per year

98th percentile: 111°F

fireMAJOR

Insurance: Required

floodMODERATE

FEMA Zone: AE

Insurance: Required

airMODERATE

3 bad air quality days per year

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

Financials

Monthly Costs

Price History

Property Taxes

$1,709
2024 Tax Assessment
19.8%from previous year
Assessed Value$39,399
Tax Rate4.34%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$649,200

-53.6% below list price

Median Price

$135,000

Based on 5 recent sales

Price per Sq.Ft

$821

Comparable Properties

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:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 11/11/2024
0 N 168th Street #-, Rio Verde, AZ 85263
Price: $450,000
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 9/24/2024
16200 E WHITE FEATHER Lane #-, Scottsdale, AZ 85262
Price: $135,000
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 9/12/2024
2862X N 165th Place #-, Scottsdale, AZ 85262
Price: $62,000
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 8/1/2024

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