1051 S DOBSON Road 187, Mesa, AZ 85202, Mesa, 85202 - 3 bed, 3 bath
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Mesa, AZ 85202
This Strong Value Opportunity is a 3-bedroom townhouse listed at $269,000, positioned well below the $298,062 Fair Market Value by 9%. This valuation gap provides $29,062 in Instant Equity. With a Condition Rating of 4, the property requires cosmetic updates, offering significant potential for forced appreciation. Featuring an oversized private patio and community pool, this asset is perfectly situated for high rental demand near Mesa Community College. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1051 S DOBSON Road 187 Subject | $269,000* List Price | 3 | 3 | 1,604 | $186 | - |
A 1051 S DOBSON Road 138 Sold | $306,000 | 3 | 2 | 1,604 | $191 | 0.1 mi |
B 1051 S DOBSON Road 74 Sold | $259,000 | 3 | 2 | 1,289 | $201 | 0.1 mi |
C 944 S VALENCIA -- 18 Sold | $306,000 List Price | 3 | 3 | 1,500 | 0.6 mi | |
D 1342 W EMERALD Avenue 365 Active | $260,000 List Price | 3 | 2 | 1,284 | $202 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979 (>45 years old) with no mention of major renovations. Interior shows dated popcorn ceilings and older tile flooring. The listing description explicitly targets investors and those looking to 'update and make it their own,' suggesting that the kitchen, bathrooms, and mechanical systems are likely original or past their functional lifespan.
Elementary School: Franklin at Brimhall Elementary School (9/10).
Situated directly across from Mesa Community College with immediate access to major freeways, this property offers exceptional rental potential for students, faculty, and commuters.
At 1,604 square feet, this rare three-bedroom unit provides a significantly larger footprint than typical area townhomes, offering a superior price-per-square-foot value.
Built in 1979 and marketed as an opportunity to 'make it your own,' the property likely requires a significant budget for interior updates and cosmetic renovations.
While elementary options are varied, the assigned middle and high schools have low performance ratings, which may limit the property's appeal to families with older children.
Spacious 3 bed, 2 bath condo offering exceptional value in a prime Mesa location. This rare 1600 sq ft unit features a bright, open layout and an oversized private patio perfect for outdoor living. The community includes a sparkling pool and well-kept common areas. Located directly across from Mesa Community College, this property is ideal for investors, students, or anyone looking to update and make it their own. Strong rental potential and convenient access to shopping, dining, and major freeways.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades PK-6 • 0.6 mi
Grades K-6 • 2.5 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 | 71% |
| Square foot | 1,604 | 1,289 | 88% |
| Lot Size | 1,159 | 1,590 | 47% |
| Price | $269.0K | $269.0K | 50% |
| Price per sq ft | $168 | $228 | 18% |
| Built year | 1979 | 1974 | 59% |
| HOA | $220 | $220 | 50% |
| Days on market | 14 | 2198 | 6% |
Jun 16, 2026
$269,000
$270,000
+0% Price Increase
Initial Listing
Jun 5, 2026
$270,000
Initial Listing