1502 E EMERALD Avenue, Mesa, AZ 85204, Mesa, 85204 - 3 bed, 2 bath
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Mesa, AZ 85204
This Single Family Residence presents a Strong Value Opportunity, listed at $430,000—positioned well above the $397,412 Fair Market Value by 8%. While the property is priced above the current estimation, its Condition Rating of 3 reflects a well-maintained interior with recent cosmetic updates. Located near Franklin at Brimhall Elementary and Franklin Junior High, the home offers access to top-tier education. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a functional, move-in ready home in a central Mesa location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1502 E EMERALD Avenue Subject | $430,000* List Price | 3 | 2 | 1,367 | $291 | - |
A 814 E GARNET Avenue Sold | $425,000 List Price | 3 | 2 | 1,570 | 0.9 mi | |
B 1926 E DELTA Avenue Sold | $425,000 | 3 | 2 | 1,404 | $303 | 0.6 mi |
C 1424 E EL MORO Avenue Sold | $455,000 | 3 | 2 | 1,398 | $325 | 0.1 mi |
D 1303 E MILLETT Avenue Active | $405,000 List Price | 3 | 2 | 1,236 | $328 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1975, the interior shows clear signs of mid-range cosmetic renovations (5-15 years) including updated laminate wood flooring and fresh paint. The home appears well-maintained, functional, and move-in ready, though dated elements like popcorn ceilings and older built-in cabinetry suggest that major systems and wet areas likely fall within the 10-20 year age range.
Elementary School: Franklin at Brimhall Elementary School (9/10). Middle School: Franklin Junior High School (10/10).
Centrally located in Mesa with immediate access to the US-60, Mesa High School, and Banner Desert Medical Center, making it an ideal hub for commuters and professionals.
The absence of a homeowners association fee provides significant monthly savings and greater freedom for property modifications compared to neighboring managed communities.
Built in 1975 and marketed for its 'potential,' the home likely requires capital investment for modern updates and repairs to meet current market standards.
While some nearby charter options are excellent, the immediate neighborhood schools like Mesa High and Lindbergh Elementary have lower ratings (4/10), which may affect appeal for some families.
Welcome to 1502 E Emerald Ave, a great opportunity to own a home in the heart of Mesa! Located in an established neighborhood, this property offers convenient access to Mesa High School, Banner Desert Medical Center, Mesa Community College, shopping, dining, parks, and Downtown Mesa. With easy access to the US-60, commuting throughout the Valley is simple and convenient. The spacious lot offers room for outdoor enjoyment, entertaining, gardening, or future possibilities. Whether you're a first-time homebuyer, investor, or looking for a home to make your own, this property offers outstanding potential in a highly desirable Mesa location. Don't miss the chance to own a home close to everyday amenities, schools, and major transportation routes.
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades K-6 • 0.4 mi
Grades K-6 • 2.0 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 | 1,367 | 1,580.5 | 31% |
| Lot Size | 6,152 | 7,355 | 19% |
| Price | $430.0K | $279.1K | 79% |
| Price per sq ft | $315 | $208 | 85% |
| Built year | 1975 | 1980 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 2366 | 1% |
May 25, 2026
$430,000
Initial Listing