7845 E FOUNTAIN Cove, Mesa, AZ 85208, Mesa, 85208 - 2 bed, 2 bath
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Mesa, AZ 85208
This Furnished Resort-Style Townhouse is a High-Potential Investment Opportunity, listed at $320,000—positioned well below the $327,552 Fair Market Value by 2%. This valuation gap secures $7,552 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the home boasts significant upgrades including a new 2023 AC and a $17,000 renovated walk-in shower. Located in the premier Fountain of the Sun community near the 9/10 rated Franklin Elementary, it offers a turnkey lifestyle with golf and resort amenities. This is an ideal acquisition for Active Adults or Seasonal Homeowners.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7845 E FOUNTAIN Cove Subject | $320,000* List Price | 2 | 2 | 1,222 | $268 | - |
A 7841 E Ocotillo Avenue Sold | $288,150 | 2 | 2 | 1,032 | $279 | 0.0 mi |
B 633 S Saguaro Way Sold | $340,000 | 2 | 2 | 1,368 | $249 | 0.1 mi |
C 454 S 77TH Street Sold | $285,000 List Price | 2 | 2 | 1,032 | 0.3 mi | |
D 7830 E MARIPOSA Way Sold | $279,900 List Price | 2 | 2 | 1,368 | 0.1 mi | |
E 7733 E DESERT FLOWER Avenue Sold | $310,000 | 2 | 2 | 1,106 | $280 | 0.3 mi |
F 652 S SAGUARO Way Sold | $390,000 | 2 | 2 | 1,427 | $273 | 0.2 mi |
G 7908 E FOUNTAIN Cove Active | $290,000 List Price | 2 | 2 | 1,222 | $237 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, this property is well-maintained but shows significant signs of its age. While it features a new AC (2023), updated laminate flooring, and a recently renovated secondary bathroom shower, the kitchen and primary bathroom remain outdated with handmade cabinetry, laminate countertops, and older fluorescent light boxes. It is move-in ready but requires aesthetic updates to meet modern standards, fitting the criteria for fair condition.
Elementary School: Franklin Elementary School (9/10).
The property features a new AC system installed in 2023, a $17,000 walk-in shower renovation, and a transferable home warranty valid through 2029, providing significant peace of mind and value.
Located in the premier Fountain of the Sun 55+ gated community, residents have access to a golf course, clubhouse, on-site restaurant, fitness center, and numerous social activities.
Built in 1986, the home may soon require updates to original infrastructure or aesthetic elements to keep pace with modern design trends.
With a very small lot size of 165 square feet, the property offers minimal private yard space, which may be a drawback for buyers who enjoy gardening or private outdoor lounging.
Welcome to Fountain of the Sun, the 55+ gated community that has it all! This furnished, split 2-bedroom, 2 bath patio home has laminate flooring throughout with no carpeting. Handmade cabinetry in kitchen and bathrooms made by the previous owner. New AC in June of 2023 and a new $17K walk-in shower installed in the secondary bathroom. Master bath also has grab bars. Transferable Choice Home Warranty is good through June of 2029.. Amenities include, golf course, clubhouse, Birdies restaurant, fitness center, community pool, pickleball, billiards, shuffleboard, horseshoes, arts and crafts, card room, and regularly scheduled activities. Close to Mesa Gateway airport, San Tan mall, 202 and 60 freeways.
No exterior & parking available.
Grades PK-6 • 1.2 mi
Grades PK-6 • 3.7 mi
Grades K-6 • 7.7 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 | 1,222 | 1,135 | 57% |
| Lot Size | 165 | 168 | 48% |
| Price | $320.0K | $189.0K | 81% |
| Price per sq ft | $262 | $230 | 71% |
| Built year | 1986 | 1985 | 62% |
| HOA | $310 | $267 | 71% |
| Days on market | 15 | 1681 | 5% |
Apr 7, 2026
$320,000
Initial Listing