Least expensive home sees value rise in The Lakes

The least expensive home sold in Maricopa from April 16 to May 15 went for 33 percent more than its last sale in 2007, the year it was built in The Lakes subdivision. It was snapped up in just a month for $2,900 under its asking price.

1. 41270 W. Cahill Drive, The Lakes at Rancho El Dorado, $167,000

Sold: May 14
Purchase price: $167,000
Square footage: 2,212
Price per square foot: $137.78
Days on market: 32
Builder: Unknown
Year built: 2007
Bedrooms: 3
Bathrooms: 2
Community: The Lakes at Rancho El Dorado
Features: Full master suite, large kitchen, cover patio, two-car garage, low-maintenance landscaping
Listing Agent: Dayv Morgan, HomeSmart Success
Selling Agent: Dayv Morgan, HomeSmart Success

2. 19336 N. Ibiza Lane, Tortosa, $170,000
   3. 40089 W. Bonneau St., Smith Farms, $170,000
   4. 21784 N. Liles Lane, Rancho El Dorado, $170,000
   5. 20613 N. Ancon Ave., Acacia Crossings, $173,000

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   This item appears in the June issue of InMaricopa.