NOT LISTED FOR SALE

8616 E Lobo Ave Mesa, AZ 85209

Estimated Value: $444,000 - $495,000

4 Beds
3 Baths
2,011 Sq Ft
$230/Sq Ft Est. Value

About This Home

Please note, our homes are available on a first-come, first-serve basis and are not reserved until the lease is signed by all applicants and security deposits are collected.

This home features Progress Smart Home - Progress Residential's smart home app, which allows you to control the home securely from any of your devices. Learn more at

Rent this home by January 15, 2026 and receive $500.

Want to tour on your own? Click the “Self Tour” button on this home’s listing or call to register for a self-guided showing at a time that works best for you.

Interested in this home? You clearly have exceptional taste. This charming 4.0-bedroom, 2.5-bathroom home is not only pet-friendly, but also equipped with smart home features to make everyday life more convenient and connected. Homes like this don’t stay on the market for long—don’t miss your chance to make it yours. Apply today!

The Homeowners Association (HOA) for this home has a separate application process that applicants will need to complete in addition to Progress Residential's application. This includes self-registering with the HOA, completing the HOA's approval process, and paying any fees required by the HOA.

Some images have been virtually staged to help showcase the potential of spaces in the home. The furnishings shown are for illustrative purposes only and are not included in the home.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2022
Sold by
Borelli and Amanda
Bought by
Progress Phoenix Llc
Current Estimated Value
$463,116

Purchase Details

Closed on
Jul 3, 2021
Sold by
Borelli Thomas James
Bought by
Borelli Giuseppe and Borelli Amanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,818
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2016
Sold by
Brighton Companies Llc
Bought by
Borelli Thomas James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,150
Interest Rate
3.92%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Progress Phoenix Llc $460,000 Magnus Title
Borelli Giuseppe -- Amrock Inc
Borelli Thomas James $230,040 Chicago Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Borelli Giuseppe $193,818
Previous Owner Borelli Thomas James $213,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2026 01/08/26 Off Market $2,155 -- --
01/02/2026 01/02/26 Price Changed $2,155 +0.2% $1 / Sq Ft
12/20/2025 12/20/25 Price Changed $2,150 -0.2% $1 / Sq Ft
12/08/2025 12/08/25 Price Changed $2,155 -1.6% $1 / Sq Ft
12/05/2025 12/05/25 Price Changed $2,190 +0.2% $1 / Sq Ft
12/03/2025 12/03/25 Price Changed $2,185 -0.7% $1 / Sq Ft
11/30/2025 11/30/25 Price Changed $2,200 -0.2% $1 / Sq Ft
11/26/2025 11/26/25 Price Changed $2,205 +0.2% $1 / Sq Ft
11/06/2025 11/06/25 Price Changed $2,200 -0.2% $1 / Sq Ft
11/04/2025 11/04/25 Price Changed $2,205 -2.0% $1 / Sq Ft
11/03/2025 11/03/25 Price Changed $2,250 -0.2% $1 / Sq Ft
11/02/2025 11/02/25 Price Changed $2,255 -0.7% $1 / Sq Ft
11/01/2025 11/01/25 Price Changed $2,270 -1.1% $1 / Sq Ft
10/31/2025 10/31/25 Price Changed $2,295 -0.2% $1 / Sq Ft
10/28/2025 10/28/25 Price Changed $2,300 -0.2% $1 / Sq Ft
10/27/2025 10/27/25 Price Changed $2,305 -2.9% $1 / Sq Ft
10/26/2025 10/26/25 Price Changed $2,375 -0.6% $1 / Sq Ft
10/10/2025 10/10/25 Price Changed $2,390 +4.1% $1 / Sq Ft
10/01/2025 10/01/25 Price Changed $2,295 -2.1% $1 / Sq Ft
09/13/2025 09/13/25 Price Changed $2,345 -1.9% $1 / Sq Ft
08/16/2025 08/16/25 For Rent $2,390 -- --

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 $1,784 $19,897 -- --
2024 $1,729 $18,950 -- --
2023 $1,729 $34,920 $6,980 $27,940
2022 $1,395 $25,870 $5,170 $20,700
2021 $1,511 $24,420 $4,880 $19,540
2020 $1,485 $22,730 $4,540 $18,190
2019 $1,376 $21,080 $4,210 $16,870
2018 $1,310 $19,330 $3,860 $15,470
2017 $1,269 $17,720 $3,540 $14,180
2016 $246 $3,000 $3,000 $0
Source: Public Records

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