1649 E DANA Avenue, Mesa, AZ 85204, Mesa, 85204 - 5 bed, 2 bath
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Mesa, AZ 85204
This Spacious Single-Level Residence is a High-Potential Investment Opportunity, listed at $440,000—positioned well below the $462,935 Fair Market Value by 4%. This valuation gap provides $22,935 in Instant Equity for buyers. While maintaining a Well-Maintained Condition Rating with 2018 roof and HVAC updates, the 5-bedroom layout offers significant value-add potential through cosmetic modernization. Featuring a Private Pool, No HOA, and proximity to the 9/10 rated Franklin Elementary, this property balances lifestyle with appreciation. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1649 E DANA Avenue Subject | $440,000* List Price | 5 | 2 | 2,426 | $191 | - |
A 1064 E DOLPHIN Avenue Sold | $460,000 | 3 | 2 | 2,429 | $189 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and functional but shows significant signs of being outdated, consistent with its 1960 build year. While major systems like the roof and HVAC were updated in 2018, the interior features—including the kitchen's dark wood cabinetry, laminate countertops, and fluorescent lighting, as well as the basic bathroom fixtures—require cosmetic modernization to meet current standards.
Elementary School: Franklin Elementary School (9/10).
The absence of an HOA offers homeowners freedom from restrictive rules and monthly fees, making this spacious 5-bedroom layout an ideal opportunity for both investors and large families seeking flexibility.
Key high-ticket items including the roof and HVAC system were updated in 2018 and recently serviced in 2025, significantly reducing the immediate risk of capital expenditures for the new owner.
While the home offers five bedrooms, it only contains two bathrooms, which may create functional challenges and 'morning traffic jams' for larger households.
Built in 1960, the home likely requires cosmetic modernization to align with contemporary buyer preferences, as suggested by the 'investor opportunity' designation and older kitchen configurations.
Spacious 5-bedroom, 2-bath single-level home with a private pool in the heart of Mesa -- and NO HOA! Good opportunity for investors and first-time home buyers. Offering over 2,400 sq ft, this home provides comfort and flexibility. Inside you'll find a formal living room, a bright family room with an eat-in kitchen featuring a breakfast bar, wall ovens, and a walk-in pantry. The primary suite includes a walk-in closet, dual sinks, and convenient laundry access. Enjoy the sparkling pool, covered patio, grassy front yard, extended driveway, storage shed, and 2-car garage. Roof and HVAC updated in 2018, last service 2025. Washer, dryer, and refrigerator convey. Located near parks, schools, shopping, and light rail.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades K-6 • 0.8 mi
Grades K-6 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 87% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,426 | 1,614 | 92% |
| Lot Size | 7,357 | 7,325 | 54% |
| Price | $440.0K | $365.0K | 78% |
| Price per sq ft | $181 | $218 | 41% |
| Built year | 1960 | 1980 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 69 | 2246 | 1% |
Feb 12, 2026
$440,000
Initial Listing