1406 W EMERALD Avenue 121, Mesa, AZ 85202, Mesa, 85202 - 2 bed, 2 bath
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Mesa, AZ 85202
This townhome represents a High-Potential Investment Opportunity, listed at $265,000—positioned well below the $310,227 Fair Market Value by 14%. This valuation gap provides $45,227 in Instant Equity for the buyer. Featuring a Fair Condition Rating, the property includes a private balcony and vaulted ceilings, offering a functional layout for immediate occupancy or rental. With proximity to top-rated elementary schools, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add asset in Mesa.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1406 W EMERALD Avenue 121 Subject | $255,000* List Price | 2 | 2 | 908 | $261 | - |
A 805 S Sycamore -- 129 Sold | $258,000 | 2 | 2 | 1,000 | $258 | 0.4 mi |
B 1718 S LONGMORE Street 53 Sold | $285,000 | 2 | 2 | 1,026 | $278 | 0.9 mi |
C 1342 W EMERALD Avenue 250 Sold | $259,000 | 2 | 2 | 1,038 | $250 | 0.1 mi |
D 1342 W EMERALD Avenue 343 Sold | $208,000 | 2 | 2 | 1,038 | $200 | 0.1 mi |
E 1406 W EMERALD Avenue 118 Active | $259,000 List Price | 2 | 2 | 908 | $285 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2000, this 26-year-old property is functional and move-in ready but features dated aesthetics consistent with its original construction. The kitchen cabinetry and bathroom fixtures appear to be from the early 2000s, and the exterior asphalt shows significant cracking, placing it in the 'Fair' category requiring minor updates.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The interior features vaulted ceilings and strategically placed skylights in the kitchen, which enhance the sense of space and provide abundant natural light throughout the home.
Equipped with durable tile flooring in the main living areas and wood cabinetry, the property is designed for easy upkeep and long-term durability, ideal for both owner-occupants and investors.
At 908 square feet, the total interior area is relatively small for a two-bedroom unit, which may feel restrictive for buyers seeking larger communal or storage spaces.
While some nearby specialty schools boast high ratings, the local assigned junior high and high schools have lower performance scores, which could impact long-term resale value for families.
Home, sweet home! This charming 2-bedroom, 2-bath townhome in Mesa Coronado Condominiums welcomes you with a serene living room featuring vaulted ceilings, a soothing palette, blinds, and durable tile flooring for easy maintenance. The well-appointed kitchen boasts skylights for abundant natural light, ample wood cabinetry, built-in appliances, and a two-tier peninsula with a breakfast bar for casual meals. The primary bedroom showcases soft carpeting and a private bathroom for added comfort. Unwind at the end of a long day on the balcony, perfect for enjoying a good book or refreshing drinks. Don't miss out on this fantastic opportunity!
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades K-6 • 2.0 mi
Grades K-6 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 908 | - |
| Lot Size | 2,225 | - |
| Price | $255.0K | $310.0K |
| Price per sq ft | $281 | $260 |
| Built year | 2000 | 0 |
| HOA | $262 | $0 |
| Days on market | 39 | 2514 |
Jul 21, 2026
$255,000
$265,000
-4% Price Drop
Initial Listing
Jun 14, 2026
$265,000
Initial Listing