1514 W 1ST Place, Mesa, AZ 85201, Mesa, 85201 - 3 bed, 1 bath
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Mesa, AZ 85201
This property presents a High-Potential Investment Opportunity with a List Price of $307,000—positioned well below the $310,020 Fair Market Value by 1%. This valuation gap offers $3,020 in Instant Equity for buyers. With a Condition Rating of 5, the home requires a full interior rehab, yet the 8,398 sqft lot and No HOA status provide significant flexibility. Ideally located near the light rail and major highways, this is a prime acquisition for Fix-and-Flip Investors or Contractors seeking a value-add project.
Property is extensive renovation needed.
Built in 1954 with no significant renovations recorded. The kitchen features original or severely dated cabinetry with visible wear, and the laundry/utility area shows exposed rafters and aged paneling. Given the 70-year age and lack of system upgrades, the property requires a full interior rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8398, living area = 1007.
Elementary School: Franklin at Brimhall Elementary School (9/10).
Priced competitively at $307,000 with no HOA fees, this property offers significant monthly savings and greater autonomy for the homeowner.
The 3-bedroom layout includes only one bathroom, which may be a significant drawback for families or those seeking modern convenience.
Originally built in 1954, the property may require modernization of its 1,007 sqft interior and potential updates to aging systems to meet contemporary standards.
Affordable home with large back yard and No HOA. North/South Exposure Close proximity to light rail. Access to the 101 and 202 highways
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades K-6 • 2.0 mi
Grades K-6 • 4.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 1,007 | 1,584 | 7% |
| Lot Size | 8,398 | 8,398 | 50% |
| Price | $307.0K | $240.0K | 54% |
| Price per sq ft | $305 | $212 | 78% |
| Built year | 1954 | 1962 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 2343 | 2% |
Jun 1, 2026
$307,000
Initial Listing