4202 E BROADWAY Road 181, Mesa, AZ 85206, Mesa, 85206 - 3 bed, 2 bath
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Mesa, AZ 85206
This Move-In Ready Townhouse is a Strong Value Opportunity, listed at $425,000—positioned well below the $447,821 Fair Market Value by 5%. This valuation gap offers $22,821 in Instant Equity. Featuring a Fair Condition Rating, the home offers high-end architectural details like vaulted ceilings and an oversized garage. Located in the gated Verde Groves community, it provides access to Top-Rated Schools like Franklin Junior High. This property is an ideal fit for Owner-Occupants or first-time buyers seeking a balanced lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4202 E BROADWAY Road 181 Subject | $400,000* List Price | 3 | 2 | 1,851 | $227 | - |
A 4202 E BROADWAY Road 16 Active | $400,000 List Price | 2 | 2 | 1,623 | $246 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2002, the property is 24 years old and falls into the 'Fair' category based on age. While the listing describes it as impeccably maintained with newer wood-look flooring, the bathrooms show original oak cabinetry and dated fixtures from the early 2000s. It is functional and move-in ready, but the kitchen and baths are past the 20-year mark and would require updates to meet modern standards.
Elementary School: Franklin at Brimhall Elementary School (9/10). Middle School: Franklin Junior High School (10/10).
The property features high-end architectural details including soaring vaulted ceilings, plantation shutters, and wood-look flooring, all maintained in impeccable, move-in-ready condition.
The oversized garage is a standout feature, equipped with extensive built-in storage cabinets and a dedicated workspace, providing functionality rarely found in townhome layouts.
The association fee of $403 per month is relatively high, which may impact the debt-to-income ratio for some buyers and increase the overall cost of ownership.
While the elementary and junior high schools are exceptionally high-rated, the assigned high school has a significantly lower rating of 4, which may be a concern for families with older children.
Beautiful home in the gated Verde Groves community. Featuring soaring vaulted ceilings, an open great room with fireplace, plantation shutters, wood-look flooring, and abundant natural light. The spacious kitchen offers ample cabinetry and counter space, while the oversized primary suite provides a comfortable retreat. Enjoy a covered patio overlooking the lush community grounds. The oversized garage includes extensive built-in storage cabinets and workspace. Verde Groves offers beautifully maintained grounds, community amenities, and a convenient East Mesa location near shopping, dining, golf, medical facilities, and freeway access. Move-in ready and impeccably maintained.
No exterior & parking available.
Grades PK-6 • 1.6 mi
Grades K-6 • 2.2 mi
Grades K-6 • 3.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,851 | - |
| Lot Size | 3,744 | - |
| Price | $400.0K | $310.0K |
| Price per sq ft | $216 | $260 |
| Built year | 2002 | 0 |
| HOA | $403 | $0 |
| Days on market | 41 | 2514 |
Jul 3, 2026
$400,000
$425,000
-6% Price Drop
Initial Listing
Jun 12, 2026
$425,000
Initial Listing