1540 N STERLING --, Mesa, AZ 85207, Mesa, 85207 - 3 bed, 2 bath
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Mesa, AZ 85207
This Value-Add Residential Property is listed at $459,000, offering a stable investment opportunity aligned with its $408,894 Fair Market Value and recent high-ticket upgrades. The property features a New Roof and New HVAC system, significantly reducing immediate capital requirements for the next owner. With a Condition Rating of 4, the interior provides a clean slate for modernization, while the expansive 9,352 sqft lot offers rare ADU Potential and No HOA restrictions. This home is perfectly suited for Owner-Occupants seeking a customizable sanctuary or Buy-and-Hold Investors targeting long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1540 N STERLING -- Subject | $459,000* List Price | 3 | 2 | 1,634 | $250 | - |
A 1358 N RAVEN -- Sold | $465,000 | 3 | 3 | 1,766 | $263 | 0.2 mi |
B 1321 N ROWEN -- Sold | $515,000 | 4 | 2 | 1,746 | $295 | 0.3 mi |
C 7308 E INDIGO Street Pending | $460,000 List Price | 3 | 2 | 1,753 | $262 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1986, is in a well-maintained but dated condition. While major capital improvements like the roof and HVAC system have been recently completed, the interior retains many original features such as popcorn ceilings and basic fixtures. The flooring has been updated to a modern laminate, but the overall aesthetic and the listing's suggestion to 'make it your own' indicate that the kitchen and bathrooms likely require cosmetic modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9352, living area = 1634.
Elementary School: Franklin Elementary School (9/10).
The generous 9,352 sqft lot provides ample space for large vehicle parking and the rare opportunity to construct an Accessory Dwelling Unit (ADU), offering significant versatility for homeowners.
The property is marketed as an opportunity to 'make it your own,' suggesting that the 1986 interior finishes likely require modernizing and cosmetic investment to reach its full potential.
The local assigned schools, including Falcon Hill Elementary and Red Mountain High, carry average ratings (5-6/10), which may be a drawback for education-focused buyers.
There are some homes that simply make you think... this is going to be good. For those looking for the yard with space, this is it. For those looking for the yard to build your ADU, this is it. For those with the big trucks that don't fit in normal driveways, this is it. This is the home that you're going to move into, make your own, and absolutely fall in love with over the years. Don't miss your chance! The major projects are finished. The roof? Done. The air conditioning? Done. It's time! This house is ready!
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades PK-6 • 4.6 mi
Grades K-6 • 7.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,634 | 2,105.5 | 26% |
| Lot Size | 9,352 | 9,283 | 51% |
| Price | $459.0K | $370.0K | 60% |
| Price per sq ft | $281 | $245 | 65% |
| Built year | 1986 | 2001 | 19% |
| HOA | $0 | $122 | 31% |
| Days on market | 13 | 2432 | 1% |
Apr 9, 2026
$459,000
Initial Listing