
Mesa, AZ 85202
This Entry-Level Mesa Condominium represents a stable value opportunity, listed at $170,000—positioned well below the $172,332 Fair Market Value by 1%. This pricing provides $2,332 in Instant Equity. Maintaining a Condition Rating of 4, the unit is functional but features original 1979 finishes, offering clear value-add potential. Located near Adams Elementary and Top-Rated Franklin Schools (9/10), the 733-Square-Foot Layout and rapid 21-day market velocity confirm strong local demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable urban asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1730 W EMELITA Avenue 2014 Subject | $170,000* List Price | 1 | 1 | 733 | $235 | - |
A 720 S DOBSON Road 125 Sold | $220,000 | 3 | 1 | 896 | $246 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1979 and, based on the exterior image and listing details, maintains its original architectural style with aging infrastructure. While the unit appears functional and well-maintained, its age (45 years) and the lack of documented recent renovations suggest that interior components, including the kitchen and bathroom, likely feature dated styles and older systems that require minor updates to meet modern standards.
Elementary School: Franklin Elementary School (9/10).
Listed at $170,000, this property offers an exceptionally accessible price point for the Mesa area, making it an ideal opportunity for first-time homebuyers or investors seeking a high-demand rental.
The unit is located less than a quarter-mile from Adams Elementary and provides access to several high-rated Franklin schools within a two-mile radius, adding significant value for education-conscious residents.
Constructed in 1979, the property may require updates to major mechanical systems or interior finishes to meet modern efficiency standards and aesthetic preferences.
With only 733 square feet and a single bedroom, the compact footprint limits the potential buyer pool to individuals or couples and offers little flexibility for a home office or guest space.
Exceptional opportunity in Mesa. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades K-6 • 2.3 mi
Grades K-6 • 4.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 18% |
| Baths | 1.0 | 2.0 | 27% |
| Square foot | 733 | 1,156 | 18% |
| Lot Size | 69 | 1,024 | 27% |
| Price | $170.0K | $220.0K | 45% |
| Price per sq ft | $232 | $195 | 82% |
| Built year | 1979 | 1980 | 36% |
| HOA | $247 | $247 | 50% |
| Days on market | 26 | 1978 | 9% |
Mar 27, 2026
$170,000
Initial Listing