1500 W RIO SALADO Parkway 108, Mesa, AZ 85201, Mesa, 85201 - 2 bed, 2 bath
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Mesa, AZ 85201
This Updated Turnkey Townhouse represents a Prime Investment Opportunity, with a List Price of $267,500—positioned well below the $401,803 Fair Market Value by 33%. This significant valuation gap provides $134,303 in Instant Equity. Featuring a Move-in Ready Condition Rating, the home boasts Saltillo tile flooring, a modernized kitchen with butcher block counters, and a private refinished patio. Sold fully furnished near ASU and Sloan Park, it offers immediate lifestyle or rental utility. This is an exceptional 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 |
|---|---|---|---|---|---|---|
★ 1500 W RIO SALADO Parkway 108 Subject | $267,500* List Price | 2 | 2 | 1,100 | $365 | - |
A 1500 W RIO SALADO Parkway 106 Sold | $250,000 | 2 | 2 | 1,100 | $227 | 0.0 mi |
B 525 N MAY Street 9 Sold | $230,100 | 3 | 2 | 936 | $246 | 0.9 mi |
C 510 N ALMA SCHOOL Road 223 Sold | $221,000 | 2 | 2 | 760 | $291 | 0.5 mi |
D 510 N ALMA SCHOOL Road 141 Sold | $290,000 | 3 | 2 | 1,118 | $259 | 0.5 mi |
E 1500 W Rio Salado Parkway 28 Active | $250,000 List Price | 2 | 3 | 1,100 | $227 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant recent updates that modernize its 1974 construction. Key improvements include a kitchen with updated appliances, butcher block countertops, and a farmhouse sink, along with renovated bathrooms featuring modern vanities and fixtures. The interior shows well-maintained Saltillo tile, new carpeting in bedrooms, and contemporary additions like glass-paneled barn doors, though the exterior and some structural elements reflect its original age.
Ideally situated in Northwest Mesa with rapid access to the 202 and 101 freeways, Sloan Park, and the ASU campus, offering high appeal for commuters, students, and sports fans.
The property features comprehensive updates to appliances, flooring, and bathrooms, and includes all furniture and furnishings, making it an immediate move-in or rental-ready investment.
With a relatively low HOA fee of $195 and a private refinished patio with dedicated storage and covered parking, this townhouse offers a convenient, lock-and-leave living experience.
Built in 1974, the property may have aging mechanical systems or structural elements typical of its era that require more oversight than a modern build.
The washer and dryer are located in an outdoor storage room on the patio, which may be less convenient for buyers accustomed to interior laundry setups.
Updated Townhouse in Prime NW Mesa Location - Furniture and Furnishings to be Included!! Close Access to 202 & 101, Sloan Park (Cubs Spring Training), Mesa Riverview, Tempe Marketplace, ASU Campus. Updates include New Roofing Material, Appliances, Countertops, Toilets, Bathroom Vanities, Flooring on stairs and Upstairs, refinished Patio area, Patio Furniture and Grill. The main floor has decorative Saltillo Tile throughout the Living, Dining, Kitchen and 1/2 Bath. Upstairs has Two Bedrooms and One Bath. Living Area Sliding Door leads to Private Patio with Washer/Dryer/Storage Room. Reserved Covered Carport.
No exterior & parking available.
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 | 1,100 | 1,109 | 50% |
| Lot Size | 788 | 847.5 | 44% |
| Price | $267.5K | $225.6K | 67% |
| Price per sq ft | $243 | $231 | 53% |
| Built year | 1974 | 1985 | 22% |
| HOA | $195 | $188 | 58% |
| Days on market | 18 | 2618 | 3% |
Apr 4, 2026
$267,500
Initial Listing