NOT LISTED FOR SALE

503 S Palo Verde Way Unit 8 Mesa, AZ 85208

Fountain of the Sun Neighborhood

Estimated Value: $252,708 - $284,000

2 Beds
2 Baths
1,032 Sq Ft
$260/Sq Ft Est. Value

Last Sold April 26, 2021

Last sale price $210,000 $203 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,802/month

10 Days on Market

Highlights

  • Golf Course Community
  • Fitness Center
  • Santa Fe Architecture
  • Franklin at Brimhall Elementary School Rated A
  • Gated with Attendant
  • End Unit

About This Home

As of April 2021

Beautiful well maintained property! Split bedroom floor plan, and FULLY FURNISHED! Master bedroom has large bathroom area, walk-in closet and an exit to the covered back patio. Open floor plan with dining in living room, 1 car covered carport with guest parking close by. Excellent location. Not a thru street but close to all major activities Fountain of the Sun has to offer. Heated community pool/spa, golf, pickle ball, library, ceramics, billiards, computer lab, shuffleboard, loads of events and more. Birdie's restaurant too. Sorry, this is a NO PET AREA!

Last Agent to Sell the Property

Mary Newton

Keller Williams Integrity First License #SA583867000 Listed on: 02/26/2021

Keller Williams Integrity First

Last Buyer's Agent

Jason Spitler

Realty ONE Group License #SA522390000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,179

Year Built

  • Built in 1978

Lot Details

  • 109 Sq Ft Lot
  • End Unit
  • 1 Common Wall
  • Front Yard Sprinklers
  • Grass Covered Lot

HOA Fees

  • $307 Monthly HOA Fees

Parking

  • 1 Carport Space

Home Design

  • Santa Fe Architecture
  • Patio Home
  • Property Attached
  • Wood Frame Construction
  • Foam Roof
  • Stucco

Interior Spaces

  • 1,032 Sq Ft Home
  • 1-Story Property
  • Furnished

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Adult Elementary And Middle School
  • Adult High School

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 218-54-740-A

Community Details

Overview

  • Association fees include roof repair, insurance, sewer, pest control, ground maintenance, street maintenance, front yard maint, trash, water, roof replacement, maintenance exterior
  • Trestle Mgmt Association, Phone Number (480) 422-0888
  • Fosa Association, Phone Number (480) 984-1434
  • Association Phone (480) 984-1434
  • Built by UDC Homes
  • Fountain Of The Sun Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Heated Community Pool
  • Community Spa

Additional Features

  • Recreation Room
  • Gated with Attendant

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,179

Year Built

Built in 1978

Lot Details

0

HOA Fees

$307 per month

Listing Details

  • Cross Street: Sossaman/Broadway
  • Legal Info Range: 7E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2 Name: FOSA
  • HOA #2 Phone Number: 480-984-1434
  • HOA #2: Y
  • HOA #3 Fee: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 307.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1978
  • Tax Year: 2020
  • Directions: East on Broadway to 80th st, South to guard gate
  • Property Sub Type: Patio Home
  • Horses: No
  • Subdivision Name: FOUNTAIN OF THE SUN
  • Architectural Style: Territorial/Santa Fe
  • Property Attached Yn: Yes
  • Tax Parcel Letter: A
  • Association Fees:HOA Fee2: 307.0
  • Dining Area:Breakfast Bar: Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Breakfast Bar, Furnished(See Rmrks), No Interior Steps, 3/4 Bath Master Bdrm, Laminate Counters
  • Living Area: 1032.0
  • Stories: 1
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Guarded Entry: Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features:Laminate Counters: Yes
  • Community Features:On-Site Guard: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Community Features:Golf: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Storage
  • Lot Features: Sprinklers In Front, Gravel/Stone Back, Grass Front
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: 1 Common Wall, End Unit
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Foam, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Storage: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Carport Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Security: Security Guard
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Golf, Gated, Community Spa, Community Spa Htd, Community Pool Htd, Community Pool, Guarded Entry, Tennis Court(s), Fitness Center
  • Association #2 Fee Frequency: Annually
  • Association Fee: 307.0
  • Association Fee Frequency: Monthly
  • Association: FOSA
  • Association Name: Parcel 9 Phase 1
  • Association Phone #2: 480-984-1434
  • Phone: 480-422-0888
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 150.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Parcel 9 Phase 1
  • Association Fees:HOA Telephone4: 480-422-0888
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 1375.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Trestle MGMT
  • Association Fees:HOA Paid Frequency 2: Annually
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • 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
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes
  • Association Fee Incl:Pest Control: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, Sewer, Pest Control, Maintenance Grounds, Street Maint, Front Yard Maint, Trash, Water, Roof Replacement, Maintenance Exterior

Schools

  • Elementary School: Adult
  • High School: Adult
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Adult

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 109.0
  • Parcel #: 218-54-740-A

Building Info

  • Builder Name: UDC Homes

Tax Info

  • Tax Annual Amount: 1179.0
  • Tax Book Number: 218.00
  • Tax Lot: 8
  • Tax Map Number: 54.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2021
Closed on
Apr 21, 2021
Sold by
Mcphail Martin B and Mcphail Eileen K
Bought by
Morton Susan Colleen and Morton Adam Donald
Seller's Agent
Mary Newton
Keller Williams Integrity First
Buyer's Agent
Jason Spitler
Realty ONE Group
List Price
$210,000
Sold Price
$210,000
Current Estimated Value
$267,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,927
Avg. Annual Appreciation
6.06%
Original Mortgage
$147,000
Outstanding Balance
$134,531
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$137,835

Purchase Details

Listed on
Nov 20, 2018
Closed on
Jan 25, 2019
Sold by
Richardson Karissa and The Estate Of Marvin W Bendlin
Bought by
Mcphail Martin B and Mcphail Eileen K
Seller's Agent
Kim Webster
HomeSmart
Buyer's Agent
Georgette Baggett
1st Class Property Experts, LLC.
List Price
$154,900
Sold Price
$154,000
Premium/Discount to List
-$900
-0.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.85%

Purchase Details

Listed on
Mar 12, 2013
Closed on
Apr 19, 2013
Sold by
Schur Lois
Bought by
Bendlin Marvin W
Seller's Agent
Kim Webster
HomeSmart
Buyer's Agent
Kim Webster
HomeSmart
List Price
$104,900
Sold Price
$100,000
Premium/Discount to List
-$4,900
-4.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.78%

Purchase Details

Closed on
Mar 29, 2012
Sold by
Schur Lois
Bought by
Schur Lois

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,302
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2004
Sold by
Schur Ronald
Bought by
Schur Lois

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 2, 2004
Sold by
Friesen Nora Jean
Bought by
Schur Lois

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 25, 2002
Sold by
Mcintyre David J
Bought by
Friesen Nora Jean
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Morton Susan Colleen $210,000 Wfg National Title Ins Co
Mcphail Martin B $154,000 Empire West Title Agency Llc
Bendlin Marvin W $100,000 First Arizona Title Agency
Schur Lois -- None Available
Schur Lois -- Transnation Title Ins Co
Schur Lois $79,000 Transnation Title Ins Co
Friesen Nora Jean $68,500 Land Title Agency Of Az Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morton Susan Colleen $147,000
Previous Owner Schur Lois $50,000
Previous Owner Schur Lois $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2021 04/26/21 Sold $210,000 0.0% $203 / Sq Ft
03/07/2021 03/07/21 Pending -- -- --
02/25/2021 02/25/21 For Sale $210,000 +36.4% $203 / Sq Ft
01/31/2019 01/31/19 Sold $154,000 -0.6% $149 / Sq Ft
12/01/2018 12/01/18 Pending -- -- --
11/20/2018 11/20/18 For Sale $154,900 +54.9% $150 / Sq Ft
05/01/2013 05/01/13 Sold $100,000 -4.7% $97 / Sq Ft
03/26/2013 03/26/13 Pending -- -- --
03/12/2013 03/12/13 For Sale $104,900 -- $102 / 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 $882 $12,160 -- --
2024 $1,022 $11,581 -- --
2023 $1,022 $17,560 $3,510 $14,050
2022 $999 $14,330 $2,860 $11,470
2021 $1,027 $12,660 $2,530 $10,130
2020 $1,179 $11,570 $2,310 $9,260
2019 $1,101 $10,070 $2,010 $8,060
2018 $1,057 $9,210 $1,840 $7,370
2017 $1,026 $8,500 $1,700 $6,800
2016 $1,003 $7,870 $1,570 $6,300
2015 $946 $7,730 $1,540 $6,190
Source: Public Records

Agents Affiliated with this Home

  • Mary Newton

    Seller's Agent in 2021

    Mary Newton

    Keller Williams Integrity First

    (480) 861-4338

    139 in this area

    203 Total Sales

    Mary Newton
    Section Image
  • Jason Spitler

    Buyer's Agent in 2021

    Jason Spitler

    Realty One Group

    (602) 206-7586

    1 in this area

    63 Total Sales

    Jason Spitler
    Section Image
  • Kim Webster

    Seller's Agent in 2019

    Kim Webster

    HomeSmart

    (480) 226-7144

    117 in this area

    118 Total Sales

    Kim Webster
    Section Image

  • G

    Buyer's Agent in 2019

    Georgette Baggett

    1st Class Property Experts, LLC.

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6198897

Arizona Regional Multiple Listing Service (ARMLS)

APN: 218-54-740A

Arizona Maricopa County Mesa 85208 Fountain of the Sun

503 S Palo Verde Way Unit 8, Mesa, AZ

This home is located at 503 S Palo Verde Way Unit 8, Mesa, AZ 85208 since 26 February 2021 and is currently estimated at $267,927, approximately $259 per square foot. This property was built in 1978. 503 S Palo Verde Way Unit 8 is a home located in Maricopa County with nearby schools including Jefferson Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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