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Residential - Vacant LandResidential
$501,607
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 98How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $250,000 on Mar 15, 2016

48824 N LANTERN LIGHT CT

NEW RIVER, AZ 85087
0
Baths
0.94 ac
Lot SizeThe size of the land the home sits on, from county records.

Valuation

$502K
$494K low$510K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$250,000 · Mar 15, 2016
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$501,607
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$401,286

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$220 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$12,735 (2026)
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$8,835
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$84,900

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.33 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.6%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.0.2 percent flood zone

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Residential - Vacant Land
CountyMaricopa
Lot (acres)The size of the land the home sits on, from county records.0.94
HeatingThe type of heating system in the home.None
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(7)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
New River Elementary SchoolB+
Elementary · Grades KG–6 · 1.5 mi
M
Gavilan Peak SchoolA
Middle · Grades KG–8 · 5.0 mi
H
Boulder Creek High SchoolA+
High · Grades 9–12 · 5.4 mi

District: Deer Valley Unified District

Neighborhood · ZIP 85087These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.68
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.97
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.66

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.89%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.20%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.5.1%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.10,218
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.73 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$122,990
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$149,011
Average tempThe average temperature here across a full year.68°F
Annual precipHow much rain and melted snow falls here in a typical year.15 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.86%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

48824 N Lantern Light Ct measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 81% of homes in New River 85087
  • Has a bigger lot than 95% of homes in Maricopa County

What homes are worth in New River 85087

Each bar is how many homes fall in that price range. The marker is this home.

This home
$343K$1.2M

This home is worth more than 19% of homes in New River 85087.

How it measures up in New River 85087

The dot is this home. The mark in the middle is the typical home in New River 85087.

Estimated value$501,607
CheaperTypical $639,711Pricier

Pricier than 19% of homes nearby

Lot size0.94 ac
SmallerTypical 1.01 acBigger

Bigger than 43% of homes nearby

How 48824 N Lantern Light Ct ranks against every home in each area.
MeasureThis homeNew River 85087Maricopa County
Estimated valuepricier than$501,60719% of homes57% of homes
Lot sizebigger than0.94 ac43% of homes95% of homes

About 48824 N Lantern Light Ct

How much is 48824 N Lantern Light Ct, New River, AZ worth?

The TopHap Estimate for 48824 N Lantern Light Ct, New River, AZ is $501,607 as of Jul 14, 2026. The likely range is $493,678 to $509,536. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 48824 N Lantern Light Ct, New River, AZ last sell?

48824 N Lantern Light Ct, New River, AZ last sold on Mar 15, 2016 for $250,000, according to the county's recorded deed. TopHap holds 4 recorded sales for this parcel.

What schools serve 48824 N Lantern Light Ct, New River, AZ?

48824 N Lantern Light Ct, New River, AZ is assigned to New River Elementary School (elementary), rated B+; Gavilan Peak School (middle), rated A; Boulder Creek High School (high), rated A+. All sit in Deer Valley Unified District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 48824 N Lantern Light Ct, New River, AZ compare to other homes in New River 85087?

Among the 4,324 homes in New River 85087, it is worth more than 19% of them ($501,607 against a typical $639,711) and its lot is bigger than 43% of them (0.94 ac against a typical 1.01 ac). Measured against all of Maricopa County, it is worth more than 57% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 48824 N Lantern Light Ct, New River, AZ?

The 2025 property tax bill for 48824 N Lantern Light Ct, New River, AZ was $220. The county assessed it at $12,735.

Closest homes

More homes in New River 85087

Assigned schools

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