
Mesa, AZ 85202
This Income-Producing Residential Asset is a Strong Value Opportunity, with a List Price of $400,000—positioned well below the $422,676 Fair Market Value by 5%. This valuation gap provides $22,676 in Instant Equity for the buyer. The home features a Modernized Granite Kitchen, a Condition Rating of 3, and a detached guest casita with a tenant to offset mortgage costs. With access to the 9/10 rated Franklin Elementary School and no HOA, this property is ideal for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1343 W 6TH Avenue Subject | $400,000* List Price | 3 | 2 | 1,409 | $300 | - |
A 1319 W 7TH Avenue Sold | $420,000 | 3 | 1 | 1,160 | $362 | 0.1 mi |
B 1319 W 7TH Avenue Sold | $420,000 | 3 | 2 | 1,160 | $362 | 0.1 mi |
C 1719 W 6TH Avenue Sold | $414,500 List Price | 3 | 2 | 1,180 | 0.5 mi | |
D 1726 W 7TH Avenue Sold | $355,000 | 4 | 2 | 1,661 | $214 | 0.5 mi |
E 1512 W CRESCENT Avenue Active Under Contract | $349,950 List Price | 3 | 2 | 1,447 | $242 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features a significantly modernized kitchen with granite countertops, a subway tile backsplash, and stainless steel appliances. While the home was built in 1959, the interior has been updated with durable tile flooring throughout and the primary bathroom includes a modern walk-in tub and dual sinks. The addition of an income-producing detached casita adds significant value, although the exterior and the casita's kitchenette show more visible signs of age compared to the main house's primary living spaces.
Elementary School: Franklin Elementary School (9/10).
The property features a detached guest casita with a long-standing tenant, providing immediate rental income to help offset mortgage payments.
The kitchen has been updated with granite countertops, a subway tile backsplash, and neutral cabinetry, offering a contemporary feel in a classic home.
The home utilizes a carport rather than a fully enclosed garage, which may be a drawback for buyers prioritizing vehicle security or enclosed storage.
While some elementary options are highly rated, the assigned middle and high schools currently hold lower performance ratings, which could influence long-term resale value.
No HOA, and detached guest casita with a long standing tenant to help cover your new mortgage! This home qualifies for a FREE LENDER PAID 1% off your 1st years mortgage rate! This 3-bedroom gem welcomes you with a convenient carport and warm, inviting feel from the moment you arrive. Inside, tile floors lead to a cozy living room that's perfect for movie nights or casual get-togethers. The kitchen pops with granite counters, neutral cabinetry, a crisp subway tile backsplash, and all the essential appliances to keep things running smoothly. Each bedroom offers a peaceful retreat, while the main suite features a private bath with dual sinks and a walk-in tub for added comfort. Out back, enjoy a covered patio, handy storage shed, and a yard ready for your personal touch.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades K-6 • 1.8 mi
Grades K-6 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,409 | 1,702 | 29% |
| Lot Size | 6,233 | 7,671 | 19% |
| Price | $400.0K | $419.9K | 44% |
| Price per sq ft | $284 | $249 | 64% |
| Built year | 1959 | 1978 | 7% |
| HOA | $0 | $47 | 40% |
| Days on market | 54 | 2433 | 1% |
Feb 27, 2026
$400,000
Initial Listing