1040 S VINEYARD, Mesa, AZ 85210, Mesa, 85210 - 4 bed, 2 bath
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1040 S VINEYARD
Mesa, AZ 85210
ACTIVE
CONDITION: GOOD
4Beds
2Baths
1,563Sq Ft
6,665Lot Size
Property Price
LIST PRICE$449,000
EST. MARKET VALUE
$413,963
8% AboveMARKET VALUE
SUMMARY
This Move-In Ready Single Family Residence is a Strong Value Opportunity, listed at $459,000—positioned well above the $420,078 Fair Market Value by 9%. While priced above the current estimate, the property offers significant long-term savings through Owned Solar Panels and a 2023 HVAC/Water Heater upgrade. With No HOA restrictions and a Condition Rating of 3, this home provides a low-maintenance lifestyle. It is an ideal choice for Owner-Occupants seeking energy efficiency or first-time buyers prioritizing move-in readiness over immediate renovation.
Estimated Market Value
$413,963
Based on Realkey algorithm analyzing recent comparable sales in Mesa.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1040 S VINEYARD Subject 4 bd · 2 ba · 1,563 sqft · $265 | $449,000* List Price | 4 | 2 | 1,563 | $265 | - |
A 701 W EMELITA Avenue Sold 4 bd · 3 ba · 1,490 sqft · $268 · 0.3 mi | $400,000 | 4 | 3 | 1,490 | $268 | 0.3 mi |
B 665 W ENID Avenue Sold 4 bd · 2 ba · 1,518 sqft · $277 · 0.2 mi | $420,000 | 4 | 2 | 1,518 | $277 | 0.2 mi |
C 612 W FARMDALE Avenue Sold 3 bd · 2 ba · 1,347 sqft · $307 · 0.1 mi | $413,500 | 3 | 2 | 1,347 | $307 | 0.1 mi |
D 718 W ENID Avenue Sold 3 bd · 2 ba · 1,255 sqft · $287 · 0.3 mi | $360,000 | 3 | 2 | 1,255 | $287 | 0.3 mi |
E 234 W 8TH Avenue Sold 3 bd · 2 ba · 1,198 sqft · $313 · 0.5 mi | $375,000 | 3 | 2 | 1,198 | $313 | 0.5 mi |
F 644 S LEWIS Sold 5 bd · 2 ba · 1,554 sqft · $270 · 0.9 mi | $419,000 | 5 | 2 | 1,554 | $270 | 0.9 mi |
G 644 W Garnet Avenue Sold 3 bd · 2 ba · 1,324 sqft · $300 · 0.4 mi | $397,000 | 3 | 2 | 1,324 | $300 | 0.4 mi |
H 648 W 7th Avenue Sold 3 bd · 2 ba · 1,548 sqft · 0.5 mi | $359,000 List Price | 3 | 2 | 1,548 | 0.5 mi | |
I 560 W EMERALD Avenue Active Under Contract 4 bd · 2 ba · 1,498 sqft · $300 · 0.1 mi | $449,000 List Price | 4 | 2 | 1,498 | $300 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property is move-in ready and well-maintained. While built in 1980, it features significant recent system upgrades including a new HVAC and water heater (2023). The interior has been updated with modern laminate flooring and a renovated kitchen with stainless steel appliances and dark wood cabinetry that appears to be within the 5-15 year renovation window.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Franklin Elementary School (9/10).
- Energy Efficiency & Cost Savings
The property features fully owned solar panels that will be paid off at closing, combined with a new 2023 A/C unit, offering significant monthly utility savings and peace of mind regarding major mechanicals.
- No HOA Restrictions
Enjoy the freedom of homeownership without monthly dues or restrictive community rules, a highly desirable feature that allows for more flexibility with the property and lower carrying costs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1563, other record living area = 1759.
- Local School Ratings
The assigned neighborhood junior high and elementary schools have lower performance ratings (2/10 and 3/10), which may be a concern for families prioritizing top-tier public education.
- 1980s Construction
Built in 1980, the home may eventually require cosmetic modernizations or infrastructure updates to keep pace with newer residential developments in the East Valley.
About 1040 S VINEYARD
Welcome home to this move-in-ready 4BR 2BA home offering 1563 sq ft of comfortable living in Mesa. Enjoy the benefits of OWNED solar panels- no additional solar loan to qualify for or take over. Seller will pay off existing loan at COE. Major updates are already taken care of, including a new A/C unit installed 2023 and a recirculating hot water heater installed in 2023 giving you added comfort and convenience. The location makes getting around the East Valley a breeze with east access to the US 60 for commuting, shopping, dining and more. Did we mention NO HOA?? Enjoy the freedom of homeownership without monthly HOA dues or additional community restrictions. This turn key home checks all the boxes. Move in, unpack and make it yours.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1980
- Lot Size
- 6,665 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Mesa Unified Schools
Redbird Elementary School
Grades K-6 • 0.4 mi
3/10
Franklin West Elementary School
Grades K-6 • 1.2 mi
8/10
Franklin Elementary School
Grades K-6 • 2.8 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,563 | 1,898.592 |
| Lot Size | 6,665 | 7,745.036 |
| Price | $449.0K | $485.3K |
| Price per sq ft | $287 | $264 |
| Built year | 1980 | 1995 |
| HOA | $0 | $174 |
| Days on market | 37 | 67 |
Pricing History
Listed for Sale
Oct 10, 2026
$449,000
$459,000
-2% Price Drop
Initial Listing
Price Change
Sep 17, 2026
$459,000
Initial Listing