
Mesa, AZ 85202
This Centrally Located Condominium is a High-Potential Investment Opportunity with a List Price of $195,000—positioned well below the $276,326 Fair Market Value by 29%. This significant valuation gap provides $81,326 in Instant Equity. Maintaining a Condition Rating of 4, the interior features new luxury vinyl plank flooring and fresh paint, though it retains some original 1982 finishes. Located in Dobson Ranch near the 9/10 rated Franklin Elementary School, this property offers exceptional affordability and strong rental demand. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1645 W BASELINE Road 2110 Subject | $195,000* List Price | 2 | 2 | 912 | $303 | - |
A 1645 W BASELINE Road 2123 Sold | $239,900 List Price | 2 | 2 | 1,190 | 0.0 mi | |
B 2146 W ISABELLA Avenue 121 Sold | $231,500 | 2 | 2 | 1,092 | $212 | 0.7 mi |
C 1645 W BASELINE Road 2072 Active | $220,000 List Price | 2 | 3 | 1,190 | $185 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is move-in ready and features recent cosmetic updates including new luxury vinyl plank flooring and fresh interior paint. However, it retains many dated elements consistent with its 1982 construction, such as popcorn ceilings, older white kitchen appliances, laminate countertops, and basic builder-grade bathroom fixtures. While well-maintained, it has not undergone a full modern renovation.
Elementary School: Franklin Elementary School (9/10).
Priced under $200,000, this property represents a rare entry-level opportunity in the Mesa market, offering significant value for first-time homebuyers or portfolio investors.
Situated in the desirable Dobson Ranch area with immediate access to the US-60 and Loop 101 freeways, the location ensures a convenient commute and proximity to major retail hubs.
Built in 1982, the unit likely requires cosmetic updates and potential mechanical maintenance to align with modern standards and maximize rental yield.
With only 912 square feet of living space, the floor plan may feel restrictive for residents requiring large common areas or extensive storage solutions.
Welcome to your new home in Dobson Ranch Water Works! 2 bed 1.5 bath! Great opportunity to own in a central location.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades PK-6 • 1.1 mi
Grades K-6 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 912 | 1,156 | 27% |
| Lot Size | 435 | 1,024 | 27% |
| Price | $195.0K | $220.0K | 45% |
| Price per sq ft | $214 | $195 | 64% |
| Built year | 1982 | 1982 | 50% |
| HOA | $274 | $263 | 55% |
| Days on market | 67 | 1978 | 9% |
Feb 14, 2026
$195,000
Initial Listing