1031 E 2ND Avenue, Mesa, AZ 85204, Mesa, 85204 - 3 bed, 3 bath
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Mesa, AZ 85204
This Spacious Basement Home is a Strong Value Opportunity, listed at $489,900—positioned well below the $494,260 Fair Market Value by 0.88%. This valuation gap offers $4,360 in Instant Equity. The property is in Mint Condition, featuring a 2015 full rebuild and 2026 upgrades. With a rare exterior basement entrance and No HOA, it offers exceptional flexibility for rental income or multigenerational living. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, move-in-ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1031 E 2ND Avenue Subject | $449,900* List Price | 3 | 3 | 3,000 | $155 | - |
A 1712 E 1ST Avenue Active Under Contract | $495,000 List Price | 4 | 2 | 2,877 | $172 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1966, the home was completely rebuilt in 2015 with all-new electrical and plumbing. It received further major upgrades in 2026, including a new roof, water heater, flooring, and appliances. The kitchen and bathrooms feature modern finishes and the property is in mint, move-in-ready condition.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The 1,500 sq. ft. basement features a rare separate exterior entrance and existing designs for a full secondary unit, offering significant rental income potential or flexible living arrangements for extended family.
Completely rebuilt in 2015 with all-new electrical and plumbing, plus 2026 updates including a new roof, water heater, flooring, and appliances, ensuring a move-in-ready experience with minimal near-term maintenance.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3000, other record living area = 1500.
While some nearby elementary schools are highly rated, the assigned middle and high schools have lower ratings (2 and 4 respectively), which may impact appeal for families prioritizing education.
The home was rebuilt following a neighborhood flood; despite the extensive 2015 reconstruction, the history of flooding in the area may lead to higher insurance premiums or buyer hesitation regarding environmental risks.
Gorgeous BASEMENT Home with NO HOA! This exceptional property offers 3 bedrooms, 3 full bathrooms, and 1,500 sq. ft. on the main level, plus an additional 1,500 sq. ft. basement. OPTION FOR 6 BED 4 BATH! Rare EXTERIOR entrance--offering incredible flexibility for multigenerational living, guests, or rental income. Basement has heating and cooling and designs drawn for an additional 3 bed, 1 bath, kitchen and living area if desired. This home was completely rebuilt in 2015, including all-new electrical and plumbing. Additional major upgrades completed in 2026 include a new roof, new water heater, new flooring, new appliances and much, much more! Live upstairs and rent out the basement or enjoy all 3,000 square feet yourself. This one is a must see today!
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades K-6 • 1.1 mi
Grades K-6 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 3,000 | - |
| Lot Size | 7,832 | - |
| Price | $449.9K | $476.2K |
| Price per sq ft | $150 | $271 |
| Built year | 1966 | 0 |
| HOA | $0 | $0 |
| Days on market | 19 | 2611 |
Jul 18, 2026
$449,900
$479,900
-6% Price Drop
Initial Listing
Jul 12, 2026
$479,900
$489,900
-2% Price Drop
Initial Listing
Jul 4, 2026
$489,900
Initial Listing