1360 E BROWN Road 28, Mesa, AZ 85203, Mesa, 85203 - 3 bed, 2 bath
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Mesa, AZ 85203
This Lakefront Townhouse represents a Strong Value Opportunity, listed at $425,000—positioned well below the $448,440 Fair Market Value by 5%. This valuation gap provides $23,440 in Instant Equity for a property with a Condition Rating of 3. The home features a remodeled kitchen, direct lake views, and a primary suite with a private hot tub. Residents benefit from the top-rated Franklin at Brimhall Elementary (9/10) and premium community amenities. This is an ideal acquisition for Owner-Occupants seeking lifestyle luxury or Buy-and-Hold Investors targeting high-demand assets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1360 E BROWN Road 28 Subject | $415,000* List Price | 3 | 2 | 1,742 | $248 | - |
A 1550 N STAPLEY Drive 48 Active | $319,900 List Price | 3 | 2 | 1,490 | $215 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1983 but features a recently remodeled kitchen with stainless steel appliances and new flooring throughout. Visuals of the bathroom show updated vanities and stone countertops, indicating a significant renovation within the 5-15 year window. The home is well-maintained and move-in ready.
Elementary School: Franklin at Brimhall Elementary School (9/10).
Positioned on a premier lakefront lot within La Mariposa Villas, the property offers direct water views and is conveniently located steps away from community amenities including the pool and tennis courts.
The home features a recently remodeled kitchen with stainless steel appliances and new flooring throughout the entire 1,742 square foot open floor plan, ensuring a move-in-ready aesthetic.
Built in 1983, the property and its core systems are over 40 years old, which may necessitate more frequent maintenance or future capital improvements compared to newer builds.
While the elementary schools in the area are highly rated, the assigned high school has a lower rating of 5, which may be a drawback for families prioritizing long-term educational performance.
Here's your rare chance to own arguably the best Lakefront lot in La Mariposa Villas! Walking into this generously sized 3 Bed, 2 Bath you're instantly greeted with high ceilings and flooded with tons of natural light, highlighted by the direct lake views. This home has everything you need and want including a large primary suite with direct access to your patio with hot tub, ensuite primary bath with walk-in closet. The kitchen was recently remodeled with stainless steel appliances and tons of counter space. Your new flooring encompasses every square foot of this open floor plan. Enjoy the outstanding location and amenities including steps away from the community pool, easy guest parking, and tennis courts. Plenty of storage space with your 2-car garage. Shortlist this one!
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 2.6 mi
Grades K-6 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.5 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,742 | 1,765 | 50% |
| Lot Size | 3,698 | 3,023 | 50% |
| Price | $415.0K | $207.5K | 50% |
| Price per sq ft | $238 | $119 | 50% |
| Built year | 1983 | 1976 | 50% |
| HOA | $91 | $174 | 50% |
| Days on market | 51 | 1027 | 50% |
May 29, 2026
$415,000
$425,000
-2% Price Drop
Initial Listing
Apr 28, 2026
$425,000
Initial Listing
Jun 15, 1999
$125,000
Public Record