NOT LISTED FOR SALE

5501 E Colby St Mesa, AZ 85205

Central Mesa East Neighborhood

Estimated Value: $253,000 - $304,000

2 Beds
2 Baths
988 Sq Ft
$280/Sq Ft Est. Value

Last Sold June 29, 2023

Last sale price $309,000 $313 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $1,527/month

22 Days on Market

Highlights

  • Fitness Center
  • Theater or Screening Room
  • Community Pool
  • Franklin at Brimhall Elementary School Rated A
  • No HOA
  • Pickleball Courts

About This Home

As of June 2023

Must see! Gorgeous remodel in 55+ sought-after community of Dreamland Villa! This lovely 2-bedroom 2 bath property in Mesa is the perfect place for you! Explore inside to find a welcoming living area showcasing gleaming wood-look luxury vinyl plank flooring and soothing palette throughout. The immaculate eat-in kitchen boasts white cabinetry, quartz counters, and stainless steel appliances to ensure a seamless culinary experience. Continue to the primary bedroom offering soft carpet, a generously-sized closet, and a private bathroom with a shower. You'll definitely love the charming backyard, where you'll discover swaying shade trees and a beautiful covered patio perfect for outdoor dining and entertaining! What's not to like? This deal won't last long!

Last Agent to Sell the Property

Michelle Wolfley

Presidential Realty, LLC License #SA688124000 Listed on: 05/11/2023

Last Buyer's Agent

Sharon Garrett

HomeSmart License #SA505112000

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $766

Year Built

  • Built in 1963

Lot Details

  • 7,603 Sq Ft Lot
  • Block Wall Fence
  • Chain Link Fence

Parking

  • 1 Carport Space

Home Design

  • Composition Roof

Interior Spaces

  • 988 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows

Kitchen

  • Kitchen Updated in 2023
  • Eat-In Kitchen
  • Built-In Microwave

Flooring

  • Floors Updated in 2023
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom Updated in 2023
  • 2 Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Adult Elementary And Middle School
  • Adult High School

Utilities

  • Cooling System Updated in 2022
  • Central Air
  • Heating Available
  • Plumbing System Updated in 2023
  • Wiring Updated in 2023
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Property is near a bus stop

Listing and Financial Details

  • Tax Lot 436
  • Assessor Parcel Number 141-46-109

Community Details

Overview

  • No Home Owners Association
  • Association fees include ground maintenance
  • Built by FARNSWORTH
  • Dreamland Villa 5 Subdivision

Amenities

  • Theater or Screening Room
  • Recreation Room

Recreation

  • Pickleball Courts
  • Fitness Center
  • Community Pool
  • Community Spa
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$766

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Higley & University
  • Legal Info Range: 6E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: 190.0
  • Recreation Center Fee: Y
  • Recreation Center Paid Frequency: Annually
  • Total Monthly Fee Equivalent: 15.83
  • Basement: N
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2023
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2023
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2022
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2023
  • Updated Plumbing: Partial
  • Items Updated Plmbg Yr Updated: 2023
  • Updated Wiring: Partial
  • Items Updated Wiring Yr Updated: 2023
  • Parking Spaces Slab Parking Spaces: 1.0
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1963
  • Tax Year: 2022
  • Directions: Head east on E University Dr, Left onto N 54th St, Right onto Colby St. Property will be on the right.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.17
  • Subdivision Name: DREAMLAND VILLA 5
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): 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: VirtualTour

Interior Features

  • Flooring: Carpet, Vinyl
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Eat-in Kitchen, No Interior Steps, 3/4 Bath Master Bdrm
  • Living Area: 988.0
  • Stories: 1
  • Window Features: Dual Pane
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Pickleball Court(s): Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Community Features:Community Media Room: Yes
  • Community Features:Near Bus Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block, Chain Link
  • Exterior Features: Storage
  • Lot Features: Gravel/Stone Front, Gravel/Stone Back
  • Pool Features: None
  • Disclosures: Agency Discl Req
  • Construction Type: Painted, Slump Block
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Composition
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Storage: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Carport Spaces: 1.0
  • Open Parking Spaces: 1.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Pickleball, Community Spa, Community Pool, Near Bus Stop, Community Media Room, Biking/Walking Path, Fitness Center
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $

Fee Information

  • Association Fee Includes: Maintenance Grounds

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: 7603.0
  • Parcel #: 141-46-109

Building Info

  • Builder Name: FARNSWORTH

Tax Info

  • Tax Annual Amount: 766.0
  • Tax Book Number: 141.00
  • Tax Lot: 436
  • Tax Map Number: 46.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2023
Closed on
Jun 23, 2023
Sold by
Shayla Michelle Llc
Bought by
Anderson Catherine
Seller's Agent
Michelle Wolfley
Presidential Realty, LLC
Buyer's Agent
Sharon Garrett
HomeSmart
List Price
$309,000
Sold Price
$309,000
Views
38
Current Estimated Value
$276,249

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,751
Avg. Annual Appreciation
-4.82%
Original Mortgage
$278,100
Outstanding Balance
$270,609
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$5,640

Purchase Details

Listed on
Feb 23, 2023
Closed on
Mar 20, 2023
Sold by
Rouch Mary Virginia
Bought by
Shayla Michelle Llc
Seller's Agent
Sandra Plaunt
HomeSmart
Buyer's Agent
Michelle Wolfley
Presidential Realty, LLC
List Price
$250,000
Sold Price
$245,000
Premium/Discount to List
-$5,000
-2%
Views
55

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
129.07%

Purchase Details

Listed on
Feb 23, 2023
Closed on
Feb 23, 2023
Sold by
Lowell And Ruth Dunlap Revocable Trust
Bought by
Rouch Mary Virginia and Rouch Alexander J
Seller's Agent
Sandra Plaunt
HomeSmart
Buyer's Agent
Michelle Wolfley
Presidential Realty, LLC
List Price
$250,000
Sold Price
$245,000
Premium/Discount to List
-$5,000
-2%
Views
55

Purchase Details

Closed on
May 23, 2000
Sold by
Dunlap Lowell and Dunlap Ruth I
Bought by
Dunlap Lowell and Dunlap Ruth I

Purchase Details

Closed on
May 5, 1997
Sold by
Kelch Lynda Ann and Gunyan Elinor Catherine
Bought by
Dunlap Lowell and Dunlap Ruth I
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 Buyer Sale Price Title Company
Anderson Catherine $309,000 Empire Title Agency
Shayla Michelle Llc $245,000 Equitable Title
Rouch Mary Virginia -- --
Dunlap Lowell -- --
Dunlap Lowell $62,000 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Catherine $278,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2023 06/29/23 Sold $309,000 0.0% $313 / Sq Ft
06/03/2023 06/03/23 Pending -- -- --
05/11/2023 05/11/23 For Sale $309,000 +26.1% $313 / Sq Ft
03/20/2023 03/20/23 Sold $245,000 -2.0% $248 / Sq Ft View Prior Sale
02/23/2023 02/23/23 For Sale $250,000 -- $253 / 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 $787 $9,652 -- --
2024 $930 $9,192 -- --
2023 $930 $19,980 $3,990 $15,990
2022 $766 $15,250 $3,050 $12,200
2021 $774 $13,180 $2,630 $10,550
2020 $766 $12,180 $2,430 $9,750
2019 $713 $11,170 $2,230 $8,940
2018 $694 $9,980 $1,990 $7,990
2017 $676 $8,720 $1,740 $6,980
2016 $602 $8,130 $1,620 $6,510
2015 $613 $7,680 $1,530 $6,150
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Michelle Wolfley

    Presidential Realty, LLC

    (480) 336-9222

    9 in this area

    42 Total Sales

    Michelle Wolfley
    Section Image
  • Sandra Plaunt

    Seller's Agent in 2023

    Sandra Plaunt

    HomeSmart

    (623) 262-7027

    2 in this area

    46 Total Sales

    Sandra Plaunt
    Section Image

  • S

    Buyer's Agent in 2023

    Sharon Garrett

    HomeSmart

    (480) 786-6100

    1 in this area

    9 Total Sales

    Sharon Garrett
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6555222

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-46-109

Arizona Maricopa County Mesa 85205 Central Mesa East

5501 E Colby St, Mesa, AZ

This home is located at 5501 E Colby St, Mesa, AZ 85205 since 11 May 2023 and is currently estimated at $276,249, approximately $279 per square foot. This property was built in 1963. 5501 E Colby St is a home located in Maricopa County with nearby schools including O'Connor 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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