1248 W ELLIS Street, Mesa, AZ 85201, Mesa, 85201 - 4 bed, 2 bath
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Mesa, AZ 85201
This Spacious Corner-Lot Home is a Prime Investment Opportunity, listed at $474,900—positioned well below the $490,088 Fair Market Value by 3%. This valuation gap provides $15,188 in Instant Equity for the buyer. Boasting a Good Condition Rating, the residence features a Modernized Kitchen with two-tone cabinetry and a versatile flex space. The expansive 9,901 sq. ft. lot includes a Hot Tub and Covered Patio, with access to the top-rated Franklin Elementary School. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors seeking a turnkey asset with no HOA.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1248 W ELLIS Street Subject | $474,900* List Price | 4 | 2 | 1,768 | $277 | - |
A 749 N BEVERLY Lane Sold | $380,000 | 4 | 2 | 1,538 | $247 | 0.3 mi |
B 1561 W 5TH Street Sold | $450,000 | 3 | 2 | 1,415 | $318 | 0.6 mi |
C 443 N SYCAMORE -- Sold | $550,000 | 6 | 3 | 1,997 | $275 | 0.8 mi |
D 557 N STANDAGE -- Active Under Contract | $415,000 List Price | 4 | 2 | 1,482 | $280 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant interior updates, most notably a modernized kitchen with two-tone cabinetry, sleek countertops, and a tray ceiling. The main living areas have updated large-format tile flooring and neutral paint. While the home was built in 1979 and some elements like the bathroom vanities and light fixtures appear more dated, the overall maintenance and key room renovations justify a 'good' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9901, living area = 1768.
Elementary School: Franklin Elementary School (9/10).
The home features a stylishly updated kitchen with two-tone cabinetry, tray ceilings, and sleek countertops, along with a versatile flex space featuring custom built-ins that cater to modern work-from-home needs.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The assigned middle and high schools have lower performance ratings (3/10), which may impact long-term resale value and appeal to education-focused families.
Built in 1979, the home may have aging underlying systems such as plumbing or electrical that could require more maintenance compared to newer constructions in the Mesa area.
Well-maintained 4-bedroom home on a spacious corner lot with a functional layout and flexible living space. The updated kitchen features a tray ceiling, two-tone cabinetry, sleek countertops, a breakfast bar, and ample storage. The dining area offers a charming brick fireplace and French doors leading to a covered patio for easy indoor-outdoor living. A versatile flex space with custom built-in shelving and workspace is perfect for a home office or study area. All bedrooms are arranged along a central hallway, including a spacious primary suite with its own bath and walk-in closet. The backyard features a covered patio, hot tub, low-maintenance turf, play area, and storage shed. Convenient Mesa location near shopping, dining, and freeways.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades K-6 • 2.2 mi
Grades K-6 • 4.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 64% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,768 | 1,586 | 71% |
| Lot Size | 9,901 | 8,054 | 67% |
| Price | $474.9K | $240.0K | 88% |
| Price per sq ft | $269 | $191 | 69% |
| Built year | 1979 | 1965 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 2324 | 2% |
Apr 3, 2026
$474,900
Initial Listing