1542 N ROWEN Street, Mesa, AZ 85207, Mesa, 85207 - 3 bed, 2 bath
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Mesa, AZ 85207
This property presents a High-Potential Investment Opportunity with a List Price of $350,000—positioned well below the $362,380 Fair Market Value by 3%. This valuation gap offers $12,380 in Instant Equity for buyers willing to address the Condition Rating of 5. Featuring a large 9,065 sqft lot with RV Gate and vaulted ceilings, the home offers significant value-add potential in a top-tier school district. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1542 N ROWEN Street Subject | $350,000* List Price | 3 | 2 | 1,357 | $267 | - |
A 7055 E GARY Street Active | $432,500 List Price | 3 | 2 | 1,340 | $323 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1990 (36 years old) with no apparent renovations. The listing's 'Cash Buyers only' and 'as-is' status, combined with images showing extreme neglect, unsanitary kitchen/bath conditions, and heavy hoarding, indicates the property needs a full rehab and likely has system issues.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9065, living area = 1357.
Elementary School: Franklin at Brimhall Elementary School (9/10).
Priced at $350,000 with a recent comparable sale of a remodeled identical floor plan at $469,000, this property offers substantial equity upside for investors or renovation-minded buyers.
The requirement for cash buyers only significantly limits the pool of potential purchasers by excluding those who need traditional mortgage financing.
The property is being sold in as-is condition, implying a need for immediate capital expenditure to address repairs or modernization to reach its full market potential.
Cash Buyers only, property solds as is. This is an opportunity with potential upside. Great Location in east Mesa Red Mountain area, No HOA, large lot, RV Gate, Three Bedrooms, 2 Bathrooms, Vaulted Ceilings, opportunity to open up the floor plan for a Great Room. Same model/floor plan remodeled sold 5/12/26 for $469,000. Falcon Elementary, Fremont Jr High and Red Mountain High School all ''A'' rated. Centrally located near doctors, hospitals, shopping, dining, entertainment and just minutes away from hiking and biking trails, Salt River Recreation area, Saguaro Lake marina, the Superstition mountains, Spring Training Baseball featuring the Chicago Cubs and your Arizona Diamondbacks. Don't miss out, come see the charm and value of the East Valley today. All offers will be reviewed Monday.
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades PK-6 • 4.6 mi
Grades K-6 • 7.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,357 | - |
| Lot Size | 9,065 | - |
| Price | $350.0K | $476.2K |
| Price per sq ft | $258 | $271 |
| Built year | 1990 | 0 |
| HOA | $0 | $0 |
| Days on market | 4 | 2611 |
Jul 18, 2026
$350,000
Initial Listing