
Mesa, AZ 85203
This 3-bedroom, 2-bath single-family residence is a Prime Investment Opportunity, listed at $399,000—positioned well below the $407,357 Fair Market Value by 2%. This valuation gap offers $8,357 in Instant Equity. Featuring a Fair Condition Rating, the home offers a functional open floorplan and a spacious backyard with a covered patio. Located near highly-rated schools like MacArthur Elementary, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add home in a prime Mesa location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1645 N ALLEN -- Subject | $399,000* List Price | 3 | 2 | 1,292 | $315 | - |
A 738 E HILLVIEW Street Sold | $390,000 | 3 | 2 | 1,131 | $345 | 0.7 mi |
B 1535 N HORNE -- 74 Sold | $400,000 | 2 | 2 | 1,217 | $329 | 0.6 mi |
C 754 E HUBER Street Active | $429,500 List Price | 3 | 2 | 1,246 | $345 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1976, this home is well-maintained and move-in ready but remains dated. While it features partial updates like a stone backsplash and laminate flooring, the presence of popcorn ceilings, older cabinetry, and patterned tile suggests the primary systems and aesthetics are over 20 years old, fitting the 'Fair' criteria for needing cosmetic modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7915, living area = 1292.
Elementary School: Franklin Elementary School (9/10).
The property features no HOA, offering homeowners significant monthly savings and the freedom to utilize and customize their lot without restrictive community regulations.
Built in 1976, the property may require future investments in major systems such as plumbing, electrical, or roofing compared to newer residential developments in the area.
At 1,292 square feet for a three-bedroom layout, the interior may feel restrictive for buyers seeking spacious secondary bedrooms or a dedicated home office.
Well-maintained 3 bed, 2 bath home in Mesa with no HOA. This open floorplan features gorgeous tile flooring throughout the living room, kitchen, and dining areas. The kitchen offers white cabinetry, tile backsplash, and included appliances. French doors lead to a spacious backyard with a covered patio, additional patio space, and storage area, perfect for relaxing or entertaining. The primary suite includes a convenient 3/4 bathroom. Low-maintenance landscaping adds curb appeal, while nearby playgrounds, golf, shopping, dining, and major roadways provide excellent convenience. Don't miss this incredible Mesa opportunity!
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 2.9 mi
Grades K-6 • 3.2 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 | 1,292 | 2,164.5 | 18% |
| Lot Size | 7,915 | 10,262.5 | 29% |
| Price | $399.0K | $399.0K | 50% |
| Price per sq ft | $309 | $202 | 84% |
| Built year | 1976 | 1983 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 2320 | 3% |
May 9, 2026
$399,000
Initial Listing