10202 E JONES Avenue, Mesa, AZ 85208, Mesa, 85208 - 3 bed, 2 bath
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Mesa, AZ 85208
This High-Potential Investment Opportunity is listed at $425,000, positioned well below the $441,936 Fair Market Value by 3%. This valuation gap offers $16,936 in Instant Equity. Featuring a Condition Rating of 4, the property includes a new 2024 roof and 2026 flooring, though it requires cosmetic updates. The 16,914 sqft corner lot and no HOA provide exceptional flexibility for storage or workshops. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10202 E JONES Avenue Subject | $425,000* List Price | 3 | 2 | 2,100 | $210 | - |
A 10742 E OASIS Drive Active | $437,000 List Price | 3 | 2 | 2,170 | $201 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1960, the home has essential recent updates including a new roof (2024), new flooring (2026), and a mini-split system. While the bathroom shows a modern vanity update, the overall interior remains dated with painted block walls, and the empty pool with cracked decking represents a significant maintenance item.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16914, living area = 2100.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The nearly 17,000 sqft corner lot provides exceptional space for RVs, trailers, and outdoor projects, all without the restrictions or fees of a homeowners association.
Built in 1960, the home may feature older plumbing or electrical systems that, despite recent surface upgrades, could require future modernization to meet current standards.
The addition of a mini-split in the family room suggests the primary HVAC system may be older or insufficient for cooling the entire 2,100 sqft footprint during extreme Arizona summers.
Wow! Sprawling ranch-style home situated on a large corner lot with no HOA and room for all your toys, trailers, and projects. Freshly painted exterior gives this home great curb appeal, while major upgrades include a new roof in 2024, new mini-split in the family room and new flooring throughout in 2026. Tons of parking plus a workshop/storage area offer endless flexibility for storage, hobbies, or a home workspace.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades PK-6 • 6.7 mi
Grades K-6 • 10.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,100 | 1,628 | 75% |
| Lot Size | 16,914 | 7,700 | 97% |
| Price | $425.0K | $339.9K | 72% |
| Price per sq ft | $202 | $204 | 49% |
| Built year | 1960 | 1997 | 6% |
| HOA | $0 | $105 | 20% |
| Days on market | 26 | 2634 | 1% |
May 19, 2026
$425,000
Initial Listing