2524 S EL PARADISO -- 120, Mesa, AZ 85202, Mesa, 85202 - 3 bed, 3 bath
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Mesa, AZ 85202
This Tri-level Waterfront Townhome represents a High-Potential Investment Opportunity, listed at $349,900—positioned well below the $415,390 Fair Market Value by 15%. This valuation gap provides $65,490 in Instant Equity for buyers. While maintaining a Fair Condition Rating with original 1985 finishes, the spacious 1,963-square-foot layout offers premium golf course and water views in gated Dobson Ranch. Located near the top-rated Franklin Elementary School (9/10), this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build wealth through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2524 S EL PARADISO -- 120 Subject | $349,900* List Price | 3 | 3 | 1,963 | $212 | - |
A 1331 W BASELINE Road 338 Sold | $257,900 | 2 | 2 | 1,188 | $217 | 0.8 mi |
B 1331 W BASELINE Road 213 Sold | $274,000 List Price | 2 | 2 | 1,188 | 0.7 mi | |
C 2524 S EL PARADISO -- 119 Active | $340,000 List Price | 2 | 2 | 1,556 | $219 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, this property falls squarely into the 'fair' category as it appears functional but significantly outdated. Interior images show older brown carpeting, dated brass-finished ceiling fans, and a bathroom with an older frosted glass shower enclosure and basic tile. While the community amenities and views are excellent, the home itself has not undergone a comprehensive modern renovation, and the fixtures and finishes reflect styles from several decades ago.
Elementary School: Franklin Elementary School (9/10).
Situated in the gated Lake Park community of Dobson Ranch, this property offers premium golf course and water views from the balcony, providing a serene and high-value setting.
With nearly 2,000 square feet across three levels, the home features a large lower-level flex space ideal for a home office or media room, offering more square footage than typical area townhomes.
The monthly HOA fee of $493 is relatively high, which may impact the overall monthly carrying costs and affordability for budget-conscious buyers.
The property only includes a one-car detached garage, which may be a significant drawback for a three-bedroom household with multiple vehicles or additional storage needs.
Beautiful 3 bedroom, 3 bathroom tri-level townhome, Great Value for investment or primary home with water and golf in the gated Lake Park community of Dobson Ranch. The main level features a one car detached garage with storage, gated front courtyard, living room, dining room, kitchen and a walkout balcony with golf course views. Upstairs is the primary suite, two guest bedrooms and a bathroom. The lower level includes a large space ideal for a home office, media room, or additional living area, bathroom, laundry room and access to a private patio. Community amenities include pools, lakes, walking & biking paths, dog park, & pickleball courts. Centrally located w/ easy freeway access & close to dining, coffee shops, library and more
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades PK-6 • 1.2 mi
Grades K-6 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 64% |
| Baths | 3.0 | 2.0 | 82% |
| Square foot | 1,963 | 1,188 | 91% |
| Lot Size | 961 | 1,024 | 45% |
| Price | $349.9K | $225.0K | 82% |
| Price per sq ft | $178 | $178 | 50% |
| Built year | 1985 | 1983 | 73% |
| HOA | $493 | $263 | 91% |
| Days on market | 40 | 1978 | 9% |
Mar 13, 2026
$349,900
Initial Listing