
Mesa, AZ 85201
This Single Family Residence is a High-Potential Investment Opportunity, listed at $485,000—positioned above the $432,188 Fair Market Value by 12%. Despite the premium, the property offers significant value-add potential through its unfinished basement structure and expansive 13,634 sqft lot. Featuring a Good Condition Rating with modern Granite Kitchen finishes and furniture included, this home is ready for immediate occupancy or rental. Its proximity to the ASU Creative Campus and lack of HOA make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking creative expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1134 W 2ND Street Subject | $485,000* List Price | 3 | 2 | 1,736 | $257 | - |
A 1561 W 5TH Street Sold | $450,000 | 3 | 2 | 1,415 | $318 | 0.7 mi |
B 1621 W DALE Circle Active | $425,000 List Price | 3 | 2 | 1,725 | $246 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1950 build date, the property has undergone a tasteful remodel with permitted upgrades. The interior features modern wood-look flooring, granite countertops, and updated bathrooms, making it move-in ready. It falls into the 'Good' category as a well-maintained, renovated older home with functional systems and a modern aesthetic.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13634, living area = 1736.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The property includes a separate, unfinished basement structure with a private entrance, offering a rare opportunity to create a rental suite, studio, or guest house for increased equity or passive income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1736, other record living area = 1164.
Built in 1950, the property may possess aging underlying systems typical of mid-century homes that could require more maintenance than newer constructions despite recent cosmetic updates.
The assigned secondary schools, Westwood High and Carson Junior High, currently carry low performance ratings, which may impact long-term resale appeal to education-focused families.
FURNITURE INCLUDED! This rare Mesa property offers move-in-ready comfort with built-in value-add potential. The fully fenced lot includes a separate, unfinished basement structure with private backyard entrance--ideal for a rental suite, studio, theater, or workshop. Inside, a dedicated office can easily convert to a third bedroom with minimal updates. No HOA, strong rental demand, & proximity to ASU's Mesa Creative Campus and Downtown Mesa make this a unique opportunity for expansion, income, or creativity. The main home has been tastefully remodeled with permitted upgrades, offering peace of mind and a modern aesthetic. Features include wood-look flooring throughout, granite countertops, built-in appliances, a spacious eat-in kitchen, and an updated primary suite with dual sinks. A large laundry room, carport, RV gate, gated driveway, and mature landscaping add function and curb appeal. The backyard offers a covered patio and room to grow. Just minutes from light rail, schools, parks, shopping, and major freeways, this property blends flexibility, location, and long-term potential in one smart package. Act now before it is too LATE!
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 1.6 mi
Grades K-6 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,736 | - |
| Lot Size | 13,634 | - |
| Price | $485.0K | $476.2K |
| Price per sq ft | $279 | $271 |
| Built year | 1950 | 0 |
| HOA | $0 | $0 |
| Days on market | 36 | 2611 |
Jun 16, 2026
$485,000
Initial Listing