1423 N 62ND Place, Mesa, AZ 85205, Mesa, 85205 - 5 bed, 3 bath
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Mesa, AZ 85205
This Spacious Tri-Level Residence is a High-Potential Investment Opportunity with a List Price of $500,000, representing a stable entry point at its $500,000 Fair Market Value. Despite its Fair Condition Rating, the asset features high-value mechanical updates including a 2024 AC and 2022 Roof. The 5-bedroom layout with a daylight basement and 65-foot RV pad offers immense utility without HOA restrictions. Located near the 9/10 rated Franklin Elementary, this property is a prime candidate for Fix-and-Flip Investors or Owner-Occupants looking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1423 N 62ND Place Subject | $500,000* List Price | 5 | 3 | 2,545 | $196 | - |
A 6064 E INGRAM Street Sold | $455,000 List Price | 5 | 3 | 2,205 | 0.5 mi | |
B 957 N SALEM Circle Sold | $565,000 | 4 | 3 | 2,770 | $204 | 0.7 mi |
C 957 N SALEM Circle Sold | $565,000 | 4 | 3 | 2,770 | $204 | 0.7 mi |
D 5837 E FOX Circle Sold | $565,000 | 4 | 3 | 2,265 | $249 | 0.6 mi |
E 6066 E HANNIBAL Street Sold | $520,000 | 3 | 2 | 2,325 | $224 | 0.3 mi |
F 5703 E GREENWAY Street Pending | $549,999 List Price | 5 | 3 | 2,621 | $210 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1990 build that requires significant cosmetic repairs and cleanup, as explicitly stated in the listing. While it benefits from high-value recent upgrades to major systems—specifically a new AC (2024) and roof (2022)—the interior remains dated. The bathrooms feature older linoleum flooring and fixtures, and the carpets throughout show visible wear. The kitchen has been partially updated with granite countertops, but the overall aesthetic and condition of the living spaces reflect a home that has been maintained but not fully renovated, fitting the criteria for fair condition.
Elementary School: Franklin Elementary School (9/10).
The property features significant recent capital improvements, including a new AC system installed in 2024 and a roof replacement in 2022, offering long-term value and peace of mind.
The absence of an HOA combined with a massive 65-foot concrete RV pad provides exceptional flexibility for homeowners with recreational vehicles or those seeking property freedom.
The home requires cleanup and various cosmetic repairs throughout, which may necessitate an additional budget and effort from the buyer after closing.
The property is being sold in its current condition, which could limit certain financing options and implies that the seller will not be performing any requested repairs.
Spacious 5 bed, 3 bath tri-level home in an established East Mesa neighborhood with no HOA and ample parking, including a 65' concrete RV pad. Property is sold in current condition and requires clean up and cosmetic repairs. Desert landscaping leads to a private courtyard entry and bright interior. Daylight basement offers a large family room, two bedrooms, and full bath. Kitchen features granite countertops and dark hardwood flooring. Updates include AC replaced in 2024 and roof redone in 2022. Additional features include a wood-burning fireplace, Roll-A-Shield exterior shutters, ceiling fans, water softener, double-pane ENERGY STAR windows, and a water heater approximately 5 years old. Don't miss out on a great opportunity in quiet east Mesa neighborhood!
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades PK-6 • 1.4 mi
Grades PK-6 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 91% |
| Baths | 3.0 | 2.0 | 74% |
| Square foot | 2,545 | 1,596.5 | 87% |
| Lot Size | 8,659 | 7,525 | 72% |
| Price | $500.0K | $282.5K | 86% |
| Price per sq ft | $196 | $204 | 48% |
| Built year | 1990 | 1984 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 130 | 2309 | 1% |
Feb 6, 2026
$500,000
Initial Listing