$700,000
SOLD JUL 11, 2025

16540 E El Lago Blvd Unit 2 Fountain Hills, AZ 85268

2 Beds
3 Baths
2,040 Sq Ft
242 Sq Ft Lot

Recently Sold

$343 Per Sq Ft

3% Below List Price

32 Days on Market

Highlights

  • Gated Community
  • Mountain View
  • Spanish Architecture
  • Fountain Hills Middle School Rated A-
  • Wood Flooring
  • Hydromassage or Jetted Bathtub

About This Home

As of July 2025

Nestled within the prestigious gated community of Villa Estates in Fountain Hills, Arizona, this stunning 2-bedroom, 3-bathroom residence redefines elegance on a premium corner lot.
Spanning over 2,000 square feet, this sought after design boasts mountain views and lush green landscaping, offering a serene escape just steps from Fountain Park, downtown restaurants, shops, festivals, community center, and library.Step inside to an open floor plan adorned with tastefully updated bamboo wood flooring and distinctive slate roof tiles crowning the exterior. The chef's kitchen is a culinary dream, featuring gorgeous granite countertops, a matching backsplash, and a spacious walk-in pantry. The heart of the home flows seamlessly into the inviting living spaces, perfect for entertaining or quiet relaxation.The primary bedroom suite is a sanctuary of relaxation, complete with a sunny sitting room with exterior access, a deep soaking tub, and a massive walk-in closet.A sophisticated library/office showcases gorgeous built-in cabinetry, ideal for work or leisure. Ample storage and closets throughout this home ensure effortless organization, while the oversized 21⁄2-car garage provides abundant space for vehicles and more.This community's resort-style heated pool and spa await, offering year-round relaxation. With its prime location and impeccable design, this Villa Estates gem is a rare opportunity to own a slice of Fountain Hills paradise. Set up your private tour today and experience Arizona living at its finest!

Last Agent to Sell the Property

Lori Gray

Keller Williams Arizona Realty License #SA662015000 Listed on: 05/14/2025

Keller Williams Arizona Realty

Last Buyer's Agent

Lori Gray

Keller Williams Arizona Realty License #SA662015000 Listed on: 05/14/2025

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,977

Year Built

  • Built in 2000

Lot Details

  • 242 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Artificial Turf
  • Corner Lot
  • Front Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

HOA Fees

  • $400 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Oversized Parking
  • Garage ceiling height seven feet or more
  • Heated Garage
  • Garage Door Opener
  • Unassigned Parking

Home Design

  • Spanish Architecture
  • Property Attached
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,040 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Living Room with Fireplace
  • Mountain Views
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Cooktop
  • Built-In Microwave
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Covered Patio or Porch
  • Built-In Barbecue

Schools

  • Fountain Hills Middle School
  • Fountain Hills High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 2
  • Assessor Parcel Number 176-24-797

Community Details

Overview

  • Association fees include roof repair, insurance, ground maintenance, street maintenance, front yard maint, roof replacement, maintenance exterior
  • Ogden Association, Phone Number (480) 396-4567
  • Built by Visser
  • Villa Estates At Town Center Condominiums Subdivision

Recreation

  • Heated Community Pool
  • Community Spa

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,977

Year Built

Built in 2000

Lot Details

0

HOA Fees

$400 per month

Parking

2

Listing Details

  • Cross Street: El Lago and La Montana
  • Legal Info Range: 6E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 400.0
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2000
  • Tax Year: 2024
  • Directions: Head west on E El Lago Blvd, Turn right to the gated Villa Estates Community, Once inside, Turn left. Unit #2 will be on the left.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.01
  • Subdivision Name: VILLA ESTATES AT TOWN CENTER CONDOMINIUMS
  • Architectural Style: Spanish
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 400.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Stone, Wood
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Possible Bedrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: 1 Fireplace, Living Room, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, No Interior Steps, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
  • Living Area: 2040.0
  • Stories: 1
  • Window Features: Skylight(s), Dual Pane, ENERGY STAR Qualified Windows
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Exterior Features: Built-in Barbecue
  • Lot Features: Sprinklers In Front, Corner Lot, Grass Front, Synthetic Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: None
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Home Warranty: Yes
  • Common Walls: 1 Common Wall
  • Construction Type: Stucco, Wood Frame
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Unassigned, Garage Door Opener, Extended Length Garage, Direct Access, Attch'd Gar Cabinets, Over Height Garage, Temp Controlled
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Temp Controlled: Yes
  • Parking Features:Over Height Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes
  • Parking Features:Extended Length Garage: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Natural Gas
  • Security: Fire Sprinkler System, Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Pvt Water Company
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Gated, Community Spa Htd, Community Pool Htd
  • Association Fee: 400.0
  • Association Fee Frequency: Monthly
  • Association Name: Villa Estates
  • Phone: +480 396-456-7257
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 250.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Villa Estates
  • Association Fees:HOA Telephone4: 480-396-4567 ex. 257
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fees:Prepaid Association Fees HOA: 800.0
  • Association Fees:Disclosure Fees HOA: 400.0
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Ogden
  • Association Fees:HOA Management Phone: 480-396-4567 ex. 257
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, Maintenance Grounds, Street Maint, Front Yard Maint, Roof Replacement, Maintenance Exterior

Schools

  • Elementary School: Fountain Hills Middle School
  • High School: Fountain Hills High School
  • Junior High Dist: Fountain Hills Unified District
  • Middle Or Junior School: Fountain Hills Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 242.0
  • Parcel #: 176-24-797

Building Info

  • Builder Name: Visser

Tax Info

  • Tax Annual Amount: 1977.0
  • Tax Book Number: 176.00
  • Tax Lot: 2
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2025
Closed on
Jul 3, 2025
Sold by
Lawrence E And Nancy C Ordowski Family T and Ordowski Nancy C
Bought by
Francis Desouza Trust and Desouza
Seller's Agent
Lori Gray
Keller Williams Arizona Realty
Buyer's Agent
Lori Gray
Keller Williams Arizona Realty
List Price
$724,900
Sold Price
$700,000
Premium/Discount to List
-$24,900
-3.43%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.27%

Purchase Details

Closed on
Dec 6, 2006
Sold by
Ordowski Lawrence E and Ordowski Nancy C
Bought by
Ordowski Lawrence E and Ordowski Nancy C

Purchase Details

Closed on
Jun 27, 2005
Sold by
Wagner William E and Wagner Jody K
Bought by
Ordowski Lawrence E and Ordowski Nancy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 4, 2003
Sold by
Caciola Peter M and Caciola Tammy K
Bought by
Wagner William E and Wagner Jody K

Purchase Details

Closed on
Apr 26, 2002
Sold by
Caciola Peter M and Caciola Tammy K
Bought by
Caciola Peter M and Caciola Tammy K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
6.37%

Purchase Details

Closed on
May 30, 2001
Sold by
Caciola Peter M and Caciola Tammy K
Bought by
Caciola Peter M and Caciola Tammy K

Purchase Details

Closed on
Mar 14, 2001
Sold by
Janaz Investments Llc
Bought by
Caciola Peter M and Caciola Tammy K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.97%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $700,000 Stewart Title & Trust Of Phoen
Interfamily Deed Transfer -- None Available
Warranty Deed $510,000 --
Cash Sale Deed $341,000 North American Title Co
Interfamily Deed Transfer -- Fidelity National Title
Interfamily Deed Transfer -- --
Warranty Deed $275,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $392,000 Purchase Money Mortgage
Previous Owner $243,000 No Value Available
Previous Owner $240,000 New Conventional
Closed $98,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Sold $700,000 -3.0% $343 / Sq Ft
06/15/2025 06/15/25 Pending -- -- --
06/12/2025 06/12/25 Price Changed $722,000 -0.3% $354 / Sq Ft
05/30/2025 05/30/25 Price Changed $724,000 -0.1% $355 / Sq Ft
05/15/2025 05/15/25 For Sale $724,900 -- $355 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,977 $39,497 -- --
2024 $1,882 $37,616 -- --
2023 $1,882 $47,000 $9,400 $37,600
2022 $1,834 $41,110 $8,220 $32,890
2021 $2,036 $37,970 $7,590 $30,380
2020 $1,999 $36,580 $7,310 $29,270
2019 $2,048 $34,030 $6,800 $27,230
2018 $2,039 $33,520 $6,700 $26,820
2017 $1,956 $31,610 $6,320 $25,290
2016 $1,673 $31,820 $6,360 $25,460
2015 $1,809 $26,380 $5,270 $21,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6861019

Arizona Regional Multiple Listing Service (ARMLS)

APN: 176-24-797