1342 W EMERALD Avenue 329, Mesa, AZ 85202, Mesa, 85202 - 2 bed, 2 bath
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Mesa, AZ 85202
This Functional 2-Bedroom Condominium represents a stable entry into the Mesa market, listed at $270,000—positioned right at its $266,270 Fair Market Value. Maintaining a Condition Rating of 4, the interior features original 1984 finishes and a dated kitchen, offering a clear path for value-add cosmetic updates. The property’s standout financial advantage is the exceptionally low $143 Association Fee, paired with access to top-tier schools like Franklin Elementary (9/10) and Franklin West (8/10). This listing balances affordability with long-term stability, making it an ideal match for First-Time Buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1342 W EMERALD Avenue 329 Subject | $270,000* List Price | 2 | 2 | 1,038 | $257 | - |
A 720 S DOBSON Road 125 Sold | $220,000 | 3 | 1 | 896 | $246 | 0.8 mi |
B 1730 W EMELITA Avenue 2014 Sold | $190,000 List Price | 1 | 1 | 733 | 0.5 mi | |
C 1432 W EMERALD Avenue 738 Active | $249,900 List Price | 2 | 1 | 858 | $291 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, the property is functional but shows significant signs of age with outdated features. The kitchen retains older cabinetry and a dated fluorescent light box, while the tile flooring and overall interior finishes reflect the original construction era without major modern renovations.
Elementary School: Franklin Elementary School (9/10).
Priced at $270,000 for a 2-bedroom, 2-bathroom configuration, this property represents a highly accessible entry point for first-time homebuyers or investors in the Mesa area.
The association fee of $143 is exceptionally low for a condominium, significantly improving the debt-to-income ratio for buyers and increasing overall cash flow potential.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1038, other record lot size in square feet = 845.
Built in 1984, the unit may require capital improvements or modernizing updates to its primary systems and interior finishes to compete with newer inventory.
While elementary options are excellent, the assigned junior high and high schools have lower performance ratings, which may impact long-term appeal for families with older children.
Exceptional opportunity in Mesa. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades K-6 • 1.9 mi
Grades K-6 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,038 | 1,156 | 36% |
| Lot Size | 1,038 | 1,038 | 50% |
| Price | $270.0K | $225.0K | 82% |
| Price per sq ft | $260 | $195 | 91% |
| Built year | 1984 | 1983 | 73% |
| HOA | $143 | $247 | 9% |
| Days on market | 147 | 1978 | 9% |
Nov 26, 2025
$270,000
Initial Listing