1340 N RECKER Road 256, Mesa, AZ 85205, Mesa, 85205 - 1 bed, 1 bath
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Mesa, AZ 85205
This Fully Remodeled Turnkey Condominium is a High-Potential Investment Opportunity listed at $214,999—positioned well below the $223,446 Fair Market Value by 3%. This valuation provides $8,447 in Instant Equity. Boasting a Condition Rating of 2, the unit features a $50,000 modern renovation with granite countertops, stainless steel appliances, and wood-style flooring. Residents enjoy a gated community with a pool and spa, plus access to the 9/10 rated Franklin Elementary School. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1340 N RECKER Road 256 Subject | $214,999* List Price | 1 | 1 | 742 | $301 | - |
A 1340 N RECKER Road 140 Active | $214,999 List Price | 1 | 1 | 742 | $290 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive $50,000 renovation within the last 5 years, featuring a modern kitchen with granite countertops, new stainless steel appliances, and updated wood-style flooring. Although built in 1986, the interior components are virtually new and meet current quality standards, making it a turnkey, fully renovated home.
Elementary School: Franklin Elementary School (9/10).
The unit features a $50,000 renovation including granite countertops, new stainless steel appliances, and wood-style flooring, offering a turnkey living experience for the buyer.
The low monthly HOA fee provides exceptional value by covering major expenses such as the roof, blanket insurance, water, sewer, trash, and pest control.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1106, other record lot size in square feet = 708.
Being situated on the second floor may be a drawback for buyers with mobility concerns or those who prefer ground-level access.
While the interior is fully updated, the 1986 construction date suggests that the overall complex and its core systems are nearing 40 years of age.
Amazing $50K remodeled condo on 2nd floor with locked gate to get to front, in gated community with pool & spa. Wood style flooring, new stainless steel appliances, granite counter tops and covered patio for privacy. Includes washer & dryer in large storage area. Assigned covered parking. Low HOA dues include roof, blanket insurance policy, sewer, pest control, water, garbage and all common area maintenance.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades PK-6 • 3.6 mi
Grades K-6 • 6.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 25% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 742 | 920.5 | 25% |
| Lot Size | 1,106 | 1,051 | 75% |
| Price | $215.0K | $228.5K | 50% |
| Price per sq ft | $290 | $267 | 50% |
| Built year | 1986 | 1985 | 75% |
| HOA | $214 | $218 | 50% |
| Days on market | 54 | 1427 | 25% |
Feb 27, 2026
$214,999
Initial Listing