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$949,000

For Sale - Active
26702 N 97th Ln, Peoria, AZ 85383
4 Beds
4 Baths
3,750 Square Feet
0.42 Acres Lot
Built in 2005
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jun 09, 2025 at 03:13AM

Investment Summary


Monthly Cash Flow
-$2,064
Cap Rate
3.7%
Cash-on-Cash Return
-11.3%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-7.0%

Property Description


0.42 Acres Lot
Built in 2005
For Sale - Active
Units n/a

Stunning Remodeled Home in Exclusive Pleasant Valley Estates - Entertainer's Dream! Welcome to this exquisite Mountain Vineyard model by Meritage Homes, nestled on a spacious .42-acre lot in the prestigious gated community of Pleasant Valley Estates in North Peoria. Boasting 3,750 sq ft, this thoughtfully designed 4-bedroom, 3.5-bathroom home features a split floorplan, 3-car garage (not tandem), and over $200,000 in high-end renovations. Step through the charming front courtyard and take in breathtaking mountain views, with a lush grassy park just steps away... ideal for gatherings or outdoor fun. Inside, the home exudes luxury and comfort, with elegant plantation shutters, custom cabinetry, and designer finishes throughout. The gourmet kitchen... is a chef's dream, showcasing soft-close custom cabinets, expanded island with lots of storage, granite counters, full counter-to-ceiling tile backsplash, under-counter lighting, ample prep space, an induction cooktop with a pot filler, and a built-in oven. The kitchen opens to a cozy family room and formal dining space, perfect for entertaining. Retreat to the expansive master suite with plenty of room for a sitting area and offering a spa-like bath with a separate shower and soaking tub, dual vanities, and refined fixtures. The private guest suite includes its own sitting area and full bathideal for multigenerational living or long-term guests. Additional highlights include a formal living room, remodeled bathrooms with one-piece toilets and stylish finishes, and a spacious craft/laundry room with custom built-in cabinetry and shelving. Step outside to your resort-style backyard oasiscomplete with a tile-roofed ramada, built-in BBQ and fridge, fire pit, and fireplace, all accented with gorgeous paver detail. Cool off in the oversized rectangular play pool with travertine coping and a tanning ledge. The above-ground spa (conveys as-is). Mature landscaping, mountain views, and premier upgrades make this home a true gem in a highly sought-after location. Don't miss your chance to own one of the finest properties in Pleasant Valley Estates!

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Location


Property Details


Parking

  • Description: Dir Entry frm Garage, Electric Door Opener, RV Gate
  • Details: Garage Door Opener, Direct Access
  • Garage Spaces: 3
  • Spaces Total: 7

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Tile
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Pleasant Valley HOA
  • HOA Fee: $393/quarterly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 20136694
  • Lot Size: 18372 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 2005

Tax Information

  • Annual Tax: $4,131

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Maricopa

Listing Details


Listed by:
Lisa M Miller
Property For You Realty
(623) 326-9261

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6787696
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$2,064
Cap Rate
3.7%
Cash-on-Cash Return
-11.3%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-7.0%

Purchase Details

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Purchase price:
$949,000
Amount financed:
-$759,200
Down payment:
$189,800
Closing costs:
$28,470
Rehab costs:
$0
Initial cash invested:
$218,270
Square feet:
3,750
Cost per square foot:
$253
Monthly rent per square foot:
$1.31

Financing Details

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Loan amount:
$759,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$4,970
Property tax:
$344
Insurance:
$343
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,657

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,900 $58,800
Vacancy loss: (6%)
6% -$294 -$3,528
Operating income:
$4,606 $55,272

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$344-$4,131
Insurance: (7%)
7%-$343-$4,116
Property management: (8%)
8%-$392-$4,704
Repairs & maintenance: (5%)
5%-$245-$2,940
Capital expenditures: (5%)
5%-$245-$2,940
HOA fees: (3%)
3%-$131-$1,572
Total operating expenses: (35%)
35%-$1,700-$20,403

Cash Flow


Monthly Yearly
Net operating income:
$2,906 $34,872
Mortgage payments:
-$4,970 -$59,640
Cash flow:
$2,064 $24,768