
Mesa, AZ 85209
This High-Capacity Value-Add Asset is listed at $580,000, representing a stable entry point at its $580,000 Fair Market Value. As a short sale requiring cosmetic TLC, the property offers a clear path to forced appreciation through "sweat equity" in a premium Mesa neighborhood. The expansive 3,286 sqft floor plan includes six bedrooms and a private pool, currently holding a Condition Rating of 4 due to needed updates. Located near Desert Ridge High School with easy US 60 access, this property is a prime acquisition for Fix-and-Flip Investors or Owner-Occupants ready to customize a large-scale residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10740 E LOBO Avenue Subject | $580,000* List Price | 6 | 3 | 3,286 | $177 | - |
A 10039 E LOMITA Avenue Sold | $549,000 List Price | 5 | 3 | 3,435 | 0.9 mi | |
B 10641 E KILAREA Avenue Sold | $745,000 | 6 | 3 | 3,629 | $205 | 0.2 mi |
C 10515 E NOPAL Avenue Sold | $668,500 | 5 | 3 | 2,964 | $226 | 0.6 mi |
D 10204 E NARANJA Avenue Sold | $660,000 | 6 | 4 | 2,897 | $228 | 0.8 mi |
E 10664 E LOBO Avenue Pending | $580,000 List Price | 5 | 3 | 3,435 | $169 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2004, this 20-year-old home is functional but requires immediate cosmetic attention. The listing description and images highlight the need for new carpeting and fresh paint due to visible wear and staining. While the kitchen has received minor updates like painted cabinets, the overall style remains dated, and the property is explicitly marketed as a 'sweat equity' opportunity requiring TLC, placing it firmly in the fair category.
Boasting over 3,200 square feet and six bedrooms, the versatile layout includes two main-floor bedrooms and a massive primary suite, ideal for large families or multi-functional use.
Situated in the award-winning Villages of Eastridge near the US 60, the property offers excellent commuter access and proximity to premier shopping and dining.
The backyard features a private swimming pool with recently updated equipment, providing a ready-to-use outdoor oasis in the Arizona heat.
The home requires immediate updates, including new carpeting, fresh paint, and modern finishes, which may necessitate additional upfront capital or renovation financing.
As a short sale, the transaction may involve extended timelines and third-party bank approvals, which can be a deterrent for buyers needing a quick or certain closing.
If you have been looking for space, location, and a way to actually build sweat equity in this market, this is the one. Located in the award-winning Villages of East Ridge in Mesa, this home sits just off the US 60, giving you some of the best commutes and access to shopping and dining in the Southeast Valley. At over 3,000 square feet, the layout is designed for real life. You have six full bedrooms, including two on the main floor, which is perfect for guests or a dedicated home office. Upstairs, you'll find four more bedrooms, including a primary suite that is honestly massive. There is enough room in the primary bedroom to set up a full home gym, a second office, or a quiet lounge area away from the rest of the house. Outside, the backyard features a private pool with newer equipment already in place. The bones are here, the location is top-tier, and the size is hard to beat. The Strategy This home is being offered as a short sale, which represents a major opportunity to get into a premium neighborhood at a price point that reflects the need for updates. It needs some TLC, specifically new carpet, fresh paint, and some modern touches. For buyers worried about the cost of repairs, there are specific financing paths that may allow you to wrap the cost of improvements directly into your mortgage. Programs like the FHA 203k renovation loan can be a great tool here, as they allow you to fund the purchase and the "refresh" costs all in one loan. This means you don't need a huge pile of cash after closing to make the house look brand new. This is a chance to stop paying for someone else's design choices and instead pick your own finishes while gaining value. Opportunities like this in the East Valley don't last long, especially with this much square footage.
No exterior & parking available.
Grades PK-6 • 1.7 mi
Grades 7-8 • 0.6 mi
Grades 8-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 98% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 3,286 | 1,825 | 95% |
| Lot Size | 7,263 | 6,547 | 67% |
| Price | $580.0K | $354.0K | 93% |
| Price per sq ft | $177 | $205 | 49% |
| Built year | 2004 | 1999 | 88% |
| HOA | $360 | $170 | 68% |
| Days on market | 77 | 2428 | 1% |
Feb 4, 2026
$580,000
Initial Listing