4202 E BROADWAY Road 16, Mesa, AZ 85206, Mesa, 85206 - 2 bed, 2 bath
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Mesa, AZ 85206
This Turnkey 55+ Townhouse represents a Strong Value Opportunity, listed at $400,000—positioned well below the $459,565 Fair Market Value by 12%. This valuation gap provides $59,565 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes recent capital improvements like a new roof and HVAC. Located in the desirable Verde Groves community near Top-Rated Schools like Franklin Junior High, this property is an ideal sanctuary for Active Adult Retirees or Owner-Occupants seeking low-maintenance, move-in ready living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4202 E BROADWAY Road 16 Subject | $400,000* List Price | 2 | 2 | 1,623 | $283 | - |
A 4202 E BROADWAY Road 95 Active | $360,000 List Price | 2 | 2 | 1,632 | $221 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004 (22 years old), the property is exceptionally well-maintained with all major systems recently updated, including the HVAC, roof, electrical panel, and water heater. While the bathroom cabinetry and fixtures reflect the original 2004 style and are considered dated, the overall condition is move-in ready with no immediate maintenance required.
Elementary School: Franklin at Brimhall Elementary School (9/10). Middle School: Franklin Junior High School (10/10).
The property features significant recent updates to major systems, including the roof, HVAC, electrical panel, and water heater, offering buyers peace of mind and reduced immediate maintenance costs.
Ideally situated within the Verde Groves 55+ community, the home is just a short walk from the community center, providing convenient access to social activities and amenities.
As a 55+ active adult community, the potential buyer pool is limited to a specific demographic, which can restrict the speed of resale compared to non-age-restricted neighborhoods.
The monthly association fee of $403 is a significant recurring expense that may impact the overall affordability for buyers on a fixed retirement income.
Welcome to this beautifully maintained townhome in the highly desirable Verde Groves 55+ community in Mesa! Ideally situated just a short walk from the community center, you'll enjoy easy access to an array of amenities and social activities right outside your door. This inviting home features a desirable split floor plan, offering added privacy and comfortable living spaces. Pride of ownership is evident throughout, with meticulous care and thoughtful updates that make this home truly move-in ready. Enjoy peace of mind knowing all the major systems have been recently updated, including the roof, air conditioning system, electrical panel, water heater, and professionally cleaned ductwork. These significant improvements provide lasting value and reduce future maintenance concerns. Whether you're relaxing at home, entertaining guests, or taking advantage of the vibrant community lifestyle, this townhome offers the perfect combination of comfort, convenience, and low-maintenance living. Don't miss your opportunity to own a beautifully updated home in one of Mesa's most sought-after active adult communities!
No exterior & parking available.
Grades PK-6 • 1.5 mi
Grades K-6 • 2.1 mi
Grades K-6 • 3.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,623 | - |
| Lot Size | 3,321 | - |
| Price | $400.0K | $310.0K |
| Price per sq ft | $246 | $260 |
| Built year | 2004 | 0 |
| HOA | $403 | $0 |
| Days on market | 21 | 2514 |
Jul 2, 2026
$400,000
Initial Listing