507 S Sand Verbana Way, Mesa, AZ 85208, Mesa, 85208 - 2 bed, 2 bath
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Mesa, AZ 85208
This Updated 55+ Community Townhome is a Strong Value Opportunity, listed at $285,000—positioned well below the $308,507 Fair Market Value by 7%. This valuation gap provides $23,507 in Instant Equity for the incoming buyer. Boasting a Good Condition Rating with significant 2024 Interior Updates, the residence features a covered patio with scenic lake and golf course views. Residents benefit from the gated Fountain of The Sun lifestyle and proximity to the 9/10 rated Franklin Elementary School. This is an ideal acquisition for Active Adults seeking a turnkey retreat or Buy-and-Hold Investors targeting a stable asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 507 S Sand Verbana Way Subject | $285,000* List Price | 2 | 2 | 1,032 | $299 | - |
A 454 S GREENSIDE Court Sold | $217,500 List Price | 2 | 2 | 916 | 0.1 mi | |
B 7841 E Ocotillo Avenue Sold | $288,150 | 2 | 2 | 1,032 | $279 | 0.1 mi |
C 440 S DESERT FLOWER Drive Sold | $270,000 | 2 | 2 | 1,032 | $262 | 0.1 mi |
D 454 S 77TH Street Sold | $285,000 List Price | 2 | 2 | 1,032 | 0.1 mi | |
E 440 S DESERT FLOWER Drive Sold | $270,000 | 2 | 2 | 1,032 | $262 | 0.1 mi |
F 633 S Saguaro Way Sold | $340,000 | 2 | 2 | 1,368 | $249 | 0.2 mi |
G 503 S BOOJUM Way Active | $275,000 List Price | 2 | 2 | 1,032 | $266 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and benefits from significant updates completed in 2024, providing a modern aesthetic. While the 1979 construction is still evident in certain areas—such as the presence of popcorn ceilings and older architectural styles—the recent renovations to the interior and the well-maintained condition of the community amenities justify a 'good' rating.
Elementary School: Franklin Elementary School (9/10).
The property has been updated in 2024, offering a modern aesthetic and move-in ready condition that reduces the need for immediate renovation capital.
Located in the Fountain of The Sun subdivision, residents benefit from a secure, gated community environment tailored for active adults with access to various social and recreational amenities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4039, other record lot size in square feet = 107.
With an original build date of 1979, the property may have older underlying systems or structural elements that require more frequent maintenance than a newer construction.
The $417 association fee is a significant recurring monthly expense that may be a deterrent for buyers on a fixed retirement budget.
Updated 2024
No exterior & parking available.
Grades PK-6 • 1.0 mi
Grades PK-6 • 3.6 mi
Grades K-6 • 7.5 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 | 1,032 | 1,032 | 50% |
| Lot Size | 4,039 | 178 | 95% |
| Price | $285.0K | $189.0K | 71% |
| Price per sq ft | $276 | $230 | 81% |
| Built year | 1979 | 1984 | 33% |
| HOA | $417 | $267 | 95% |
| Days on market | 71 | 1681 | 5% |
Feb 10, 2026
$285,000
Initial Listing