1043 W 5TH Street, Mesa, AZ 85201, Mesa, 85201 - 3 bed, 3 bath
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Mesa, AZ 85201
This modern single-family residence is a Strong Value Opportunity, listed at $429,900—positioned well below the $455,545 Fair Market Value by 5%. This valuation gap provides $25,645 in Instant Equity. Built in 2004, the home maintains a Good Condition Rating and features a Granite Kitchen and a Sizeable Covered Patio. With No HOA and a rolling RV Gate, the property offers rare utility near the highly-rated Franklin Elementary School. This is an ideal acquisition for Owner-Occupants seeking a move-in ready home or Buy-and-Hold Investors targeting a low-maintenance asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1043 W 5TH Street Subject | $429,900* List Price | 3 | 3 | 1,576 | $289 | - |
A 1561 W 5TH Street Sold | $450,000 | 3 | 2 | 1,415 | $318 | 0.7 mi |
B 749 N BEVERLY Lane Sold | $380,000 | 4 | 2 | 1,538 | $247 | 0.3 mi |
C 315 N CHERRY -- Sold | $330,000 | 3 | 2 | 1,034 | $319 | 0.5 mi |
D 1105 W 6TH Place Active Under Contract | $425,000 List Price | 3 | 3 | 1,789 | $238 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, the property falls within the 20-year age bracket for 'Good' condition. The kitchen is well-maintained with functional upgrades including granite countertops and stainless steel appliances. The interior features durable tile and wood-look flooring that appears move-in ready, though some cabinetry and bathroom vanities reflect the original build age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7375, living area = 1576.
Elementary School: Franklin Elementary School (9/10).
The kitchen features premium granite countertops, stainless steel appliances, and a functional island, offering a contemporary feel that is move-in ready.
The immediate assigned public schools (Emerson, Carson, and Westwood) currently hold lower performance ratings, which may impact long-term resale value for education-focused buyers.
Being located within a quarter-mile of three different schools may result in significant traffic congestion and noise during morning drop-off and afternoon pick-up hours.
This charming 3-bedroom home is the one for you! Be welcomed by an attached garage and ample driveway parking. Inside, the cozy living room features a soothing palette, blinds, and durable tile flooring for easy maintenance. You'll also find a tranquil great room for relaxing evenings with loved ones. The well-appointed kitchen comes with granite counters, ample wood cabinets, stainless steel appliances, and an island with a breakfast bar. The main bedroom includes plush carpeting, a private bathroom with backyard access, and a convenient walk-in closet. Spend peaceful afternoons in the lovely backyard, complete with a sizeable covered patio, natural turf, a rolling RV gate that leads to the alley, and a shed for additional storage. Don't miss out on this one!
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 1.7 mi
Grades K-6 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 85% |
| Square foot | 1,576 | 1,584 | 49% |
| Lot Size | 7,375 | 7,884 | 39% |
| Price | $429.9K | $240.0K | 80% |
| Price per sq ft | $273 | $212 | 66% |
| Built year | 2004 | 1964 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 2343 | 2% |
May 7, 2026
$429,900
Initial Listing