1505 N 107TH Place
About This Property
The walk out basement level features 4 large bedrooms, 2 full baths, 2nd laundry room and large secondary living room or gym space. Step outside to your private backyard oasis featuring an oversized travertine covered patio, new sparkling pool (with upgraded cool pump) and spa, beautiful grotto with water slide, mature fruit trees, and plenty of room to relax or entertain while taking in the panoramic views of the iconic Superstition Mountains while living directly across the street from Arizona State Land, providing incredible privacy and a forever view. Just steps away, Usery Mountain Regional Park offers miles of scenic hiking, biking, and horseback riding trails. The Lower Salt River and Saguaro Lake are only minutes away, making this an ideal home for those who love hiking, boating, kayaking, fishing, paddleboarding, or simply embracing the Arizona lifestyle.
Built with **NUDURA Insulated Concrete Forms (ICF)**, this home delivers exceptional durability, comfort, and energy efficiency with an impressive **R-value of approximately 40-50**. Combined with the home's extensive solar power system, private well, and a 500-gallon buried propane tank, providing remarkable long-term savings and greater energy independence, this home can be completely self-sufficient.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2026 | In contract | - | |
| In contract | |||
| Oct 17, 2026 | Price Decreased |
$1,485,000
↓ $15K
(1%) | |
| Price Decreased | |||
| Aug 7, 2026 | Listed by Real Broker | $1,500,000 | |
| Listed by Real Broker | |||
| Aug 17, 2018 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $765,000 | |
| Listed | |||
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This is a large 5 bedroom plus home on over an acre of land. Directly across the street from thousands of acres of undeveloped state land with panoramic views of the Superstition Mountains. About 150 yards to the north is Usery Pass Regional Park with 29 miles of hiking trails and 3,648 acres of open space plus very close to the Lower Salt River and a short drive to Saguaro Lake. If you like to hike, fish and boat this may be the perfect location for you. If you have a large family and need room in the house plus lots of space to roam outside, this may be the home for you. Downstairs there are 4 bedrooms and 2 full baths plus a large recreation area. Uptairs is a large master bedroom and a dedicated office that can be used as another bedroom. In essence this could be a 6 bedroom house.The manager has listed the unit size as 4936 square feet.
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About Maricopa
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017