10518 E DOLPHIN Avenue, Mesa, AZ 85208, Mesa, 85208 - 4 bed, 3 bath
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Mesa, AZ 85208
This Turn-Key Residential Property is a High-Potential Investment Opportunity, listed at $575,000—positioned well below the $782,378 Fair Market Value by 26%. This significant valuation gap provides $207,378 in Instant Equity for the buyer. Boasting a Condition Rating of 3, the home features a New Roof, New AC, and a Sparkling Pool. With a rare Assumable VA Loan and proximity to Patterson Elementary, it perfectly balances lifestyle luxury with massive financial upside. This is an exceptional acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10518 E DOLPHIN Avenue Subject | $575,000* List Price | 4 | 3 | 2,575 | $304 | - |
A 650 S SABRINA Street Sold | $545,000 List Price | 4 | 2 | 2,697 | 0.1 mi | |
B 10435 E FORGE Avenue Sold | $500,000 | 4 | 3 | 2,102 | $238 | 0.4 mi |
C 1033 S GRENOBLE -- Sold | $590,000 | 4 | 3 | 2,645 | $223 | 0.7 mi |
D 653 S SABRINA -- Sold | $550,000 | 5 | 2 | 2,697 | $204 | 0.1 mi |
E 904 S 105th Street Sold | $567,500 | 4 | 2 | 2,697 | $210 | 0.2 mi |
F 10435 E FORGE Avenue Sold | $500,000 | 4 | 3 | 2,102 | $238 | 0.4 mi |
G 10447 E DIAMOND Avenue Active Under Contract | $498,000 List Price | 4 | 2 | 2,670 | $187 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and has been well-maintained with significant recent capital improvements, including a new roof, AC system, windows, and carpet. While the kitchen and bathrooms retain some older stylistic elements such as tile countertops and black appliances, the overall quality is elevated by travertine flooring, vaulted ceilings, and updated plumbing fixtures. It fits the 'good' category perfectly as a 24-year-old home with major systems recently replaced and no immediate renovation required.
Elementary School: Franklin Elementary School (9/10).
The property features significant high-ticket improvements including a new roof, AC system, windows, pool pump, and plumbing fixtures, offering immediate value and reduced maintenance concerns for the buyer.
The availability of an assumable VA loan provides a rare and highly competitive advantage, potentially allowing eligible buyers to secure a significantly lower interest rate than current market levels.
While the local elementary school is well-rated, the assigned middle and high schools have lower ratings (4 and 5 respectively), which may impact long-term resale value for families.
The property is subject to a $180 association fee and subdivision regulations, which adds to the monthly carrying cost and may limit certain homeowner freedoms regarding property use.
Turn-key three car garage home with an assumable VA Loan, new windows, pool pump, roof, AC, carpet, plumbing fixtures, and updated throughout. Inside you will find a generous living area filled with natural light, showcasing travertine flooring, soaring vaulted ceilings that add an airy feel, and an earthy palette. The impeccable kitchen comes equipped with plentiful storage cabinetry, an island and built-in appliances for a seamless cooking experience. Get a good night's sleep in the main suite, offering a practical walk-in closet and a bathroom with double sinks and a separate shower & tub. The backyard provides year-round entertainment, featuring a covered patio, ample seating space with an easy-care landscape, and a sparkling pool to enjoy sunny days! This home is a must-see!
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades PK-6 • 7.0 mi
Grades K-6 • 11.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 74% |
| Baths | 3.0 | 2.0 | 76% |
| Square foot | 2,575 | 1,581 | 94% |
| Lot Size | 7,700 | 7,365 | 51% |
| Price | $575.0K | $356.5K | 96% |
| Price per sq ft | $223 | $219 | 53% |
| Built year | 2000 | 1997 | 66% |
| HOA | $180 | $100 | 75% |
| Days on market | 48 | 2280 | 1% |
Mar 5, 2026
$575,000
Initial Listing