2302 N LEMA Drive, Mesa, AZ 85215, Mesa, 85215 - 2 bed, 2 bath
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Mesa, AZ 85215
This Updated 55+ Community Residence is a High-Potential Investment Opportunity, listed at $430,000—positioned well below the $506,294 Fair Market Value by 15%. This valuation gap provides $76,294 in Instant Equity. The home maintains a Condition Rating of 3, featuring a Granite Kitchen and Anderson Windows replaced in 2024. Located in the heart of Apache Wells, it offers a premier lifestyle with a golf course and heated pool, supported by the 9/10 rated Franklin Elementary School. This is an ideal acquisition for Active Adults or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2302 N LEMA Drive Subject | $430,000* List Price | 2 | 2 | 1,618 | $313 | - |
A 5761 E Leonora Street Sold | $475,000 List Price | 2 | 2 | 1,461 | 0.5 mi | |
B 5736 E LAWNDALE Street Sold | $495,000 | 3 | 2 | 1,833 | $270 | 0.5 mi |
C 2307 N Lema Drive Active | $499,000 List Price | 2 | 2 | 1,700 | $294 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained with significant recent capital improvements, including 11 Anderson windows replaced in 2024 and a new dishwasher in 2025. The kitchen has been updated with granite countertops and modern pendant lighting, and the home features durable tile flooring throughout. While the 1981 build date is reflected in some architectural styles and cabinetry, the overall condition and recent system updates exceed the requirements for a fair rating.
Elementary School: Franklin Elementary School (9/10).
The home features significant high-value upgrades, including 11 Anderson Windows replaced in 2024 and a brand-new dishwasher installed in 2025, ensuring energy efficiency and reduced immediate maintenance costs.
The interior boasts an updated kitchen with granite countertops and contemporary pendant lighting, seamlessly integrated into an open floor plan that maximizes the 1,618 square feet of living space.
Built in 1981, the home may have original structural or mechanical components that are nearing the end of their functional lifespan, potentially requiring future capital expenditure.
The 55+ age restriction within the Apache Wells community limits the potential buyer pool to a specific demographic, which can impact overall marketability and resale speed.
Great 2 bedroom 2 bath home in the heart of Apache Wells 55+ community. Features an updated kitchen w/granite countertops, new dishwasher in 2025, newer garbage disposal, updated pendent lights over counter. 11 Anderson Windows replaced in 2024. Many more beautiful things to check out in this open floor plan home. This community has so much to offer; White Feather Bar & Grill, golf course, Heated pool and spa, workout facility, pickleball, bocce ball, shuffleboard, woodshop and many more activities to enjoy.
No exterior & parking available.
Grades PK-6 • 0.9 mi
Grades PK-6 • 4.5 mi
Grades K-6 • 6.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 12% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,618 | 1,891 | 28% |
| Lot Size | 6,661 | 7,338.5 | 41% |
| Price | $430.0K | $428.0K | 50% |
| Price per sq ft | $266 | $225 | 63% |
| Built year | 1981 | 1994 | 9% |
| HOA | $480 | $115 | 82% |
| Days on market | 58 | 2147 | 1% |
Feb 23, 2026
$430,000
Initial Listing