1118 N CHERRY --, Mesa, AZ 85201, Mesa, 85201 - 2 bed, 2 bath
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Mesa, AZ 85201
This property presents a High-Potential Investment Opportunity with a List Price of $437,500—positioned well below the $357,539 Fair Market Value by -22%. While the home requires significant modernization given its Fair Condition Rating, the spacious cul-de-sac lot and private pool provide a strong foundation for value-add renovations. Located near top-rated elementary schools, this asset offers significant upside for Fix-and-Flip Investors or Contractors seeking to capitalize on the property's structural potential and desirable Mesa location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1118 N CHERRY -- Subject | $437,500* List Price | 2 | 2 | 1,532 | $233 | - |
A 936 N GRAND Street Sold | $315,000 | 3 | 2 | 1,485 | $212 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1974 (50 years old) with no evidence of recent renovations. The kitchen and bathrooms are significantly outdated, featuring 30+ year old cabinetry, fluorescent light box ceilings, and aged appliances. The listing description explicitly targets investors for a 'reimagine' project, confirming the home needs a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7101, living area = 1532.
Elementary School: Franklin at Brimhall Elementary School (9/10).
Situated on a spacious cul-de-sac lot, the property features a private pool and mature landscaping, offering a secluded retreat ideal for Arizona outdoor living.
The home's 1974 original finishes are described as dated, necessitating an additional capital investment for modernization and upgrades.
The assigned neighborhood junior high and high schools currently hold lower performance ratings, which may impact appeal for some family-oriented buyers.
This single family home, on a spacious culdesac lot, offers the perfect privacy and layout for a true retreat. The home is dated, yet clean, with vaulted ceilings, natural light, a fireplace and a floorplan that provides a great foundation to reimagine. The backyard features a private pool, mature landscaping and plenty of space for entertaining. Ideal for investors or buyers looking to customize a home in a sought-after area with excellent long-term potential.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades K-6 • 2.0 mi
Grades K-6 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 5% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,532 | 1,584 | 46% |
| Lot Size | 7,101 | 7,884 | 34% |
| Price | $437.5K | $240.0K | 80% |
| Price per sq ft | $286 | $212 | 76% |
| Built year | 1974 | 1964 | 61% |
| HOA | $380 | $0 | 98% |
| Days on market | 12 | 2343 | 2% |
May 25, 2026
$437,500
Initial Listing