4202 E BROADWAY Road 80, Mesa, AZ 85206, Mesa, 85206 - 2 bed, 2 bath
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Mesa, AZ 85206
This Single-Level Patio Home is a Prime Investment Opportunity, listed at $355,000—positioned well below the $365,951 Fair Market Value by 2%. This valuation gap offers $10,951 in Instant Equity. Maintaining a Good Condition Rating, the home features Granite Kitchen Counters and a private Patio. Located in a gated 55+ community with a 10,000 sq. ft. Clubhouse, it is served by Top-Rated Schools including Franklin Elementary (9/10) and Franklin Junior High (10/10). This low-maintenance asset is ideal for Active Adult Residents or Seasonal Homeowners.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4202 E BROADWAY Road 80 Subject | $355,000* List Price | 2 | 2 | 1,206 | $303 | - |
A 4202 E BROADWAY Road 143 Sold | $350,000 | 2 | 2 | 1,206 | $290 | 0.1 mi |
B 4328 E CAPRI Avenue 163 Pending | $255,000 List Price | 2 | 2 | 1,170 | $218 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and shows clear pride of ownership. Built in 2002, it falls within the age range for a 'good' rating, supported by well-maintained systems including a new roof underlayment (2020) and recent exterior paint (2022). The interior features some updates such as granite 'transformation' countertops and wood-look cork flooring. While the kitchen appliances (white coil-top range) and bathroom fixtures are dated builder-grade styles, the home requires no immediate repairs and all major systems appear functional and within their expected lifespan.
Elementary School: Franklin Elementary School (9/10). Middle School: Franklin Junior High School (10/10).
The HOA offers a comprehensive 'lock and leave' experience, covering roof replacement, exterior structural maintenance, and both front and backyard landscaping, which is ideal for seasonal or active adult residents.
Residents have access to a premier 10,000 sq. ft. clubhouse featuring two heated pools, a spa, fitness center, and a wide array of social activities, providing a high-quality community experience.
As a 55+ age-restricted community that strictly prohibits residents under the age of 19, the potential buyer pool is significantly limited compared to non-restricted residential areas.
In addition to the purchase price and standard closing costs, the buyer is required to pay a $1,500 one-time capital reserve fee at the close of escrow, increasing the initial investment.
Single level patio home in highly sought after 55+ Age Restricted Gated ommunity of Verde Groves. 1206 Sq Ft 2 bdrm, 2 bath, 2 car garage home built in 2002. Granite ''transformation'' kitchen counter tops, wood look cork flooring in kitchen, great room & master bedroom, w carpet in 2nd bdrm & tile in bath. As part of HOA Capital Reserve Project new roof underlayment installed in Fall 2020 & exterior painting Spring 2022. 55+ community allows 20% of units to be occupied by 40+. NO OCCUPANTS UNDER 19. Buyer has $1,500 one time capital reserve fee. Verde Groves offers a resort style lifestyle with 10,000 sq ft Clubhouse, 2 heated pools, spa. Could be TURN KEY home as at Seller discretion, some furniture & furnishings available on Separate Bill of Sale. Washer/Dryer & Refigerator Negotiable Verde Groves offers a resort style lifestyle with an over 10,000 sq ft Clubhouse, 2 heated pools, spa, outdoor fireplace, BBQ & covered patio. Inside the Clubhouse features billiards, cards & craft room, fitness room, library with computers, tv room, dance floor & a full kitchen. What a gathering place this is. Many scheduled activities can be found posted on the Clubhouse Bulletin Board and in the community newsletter. Keep in mind that the HOA maintains not only your front & backyard landscape but the exterior structural maintenance of your home...talk about LOCK & LEAVE! This gated 55+ community has a (HOA) Homeowners Association which is currently managed by the professionals at Kinney Management as well as by a Board of Directors comprised of Verde Groves homeowners. The $403 monthly HOA fee currently includes such services as: * A blanket insurance policy on each home as well as the community clubhouse and its facilities * Maintenance of the exterior and roof of each home * Roof Replacement * Exterior pest control service * Exterior termite warranty * Maintenance of the common areas of the community * Landscape services of both your front and back yards * COX Basic Cable (owner pays for upgraded programing, internet and/or phone land line) * Water, Sewer, Trash Collection Verde Groves is an age restricted community & requires one permanent resident per household be age 55 or older and prohibits permanent residents less than 19 years of age. HOA does allow up to 20% of residents to be 40 years or older. Buyer has one time $1500 Capital Reserve fee payable upon Close of Escrow.
No exterior & parking available.
Grades PK-6 • 1.6 mi
Grades K-6 • 2.2 mi
Grades K-6 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,206 | 1,237 | 43% |
| Lot Size | 2,331 | 1,681 | 73% |
| Price | $355.0K | $312.5K | 80% |
| Price per sq ft | $294 | $228 | 83% |
| Built year | 2002 | 1993 | 60% |
| HOA | $403 | $230 | 73% |
| Days on market | 22 | 1624 | 3% |
Mar 31, 2026
$355,000
Initial Listing