1738 N NEVADA Way, Mesa, AZ 85203, Mesa, 85203 - 4 bed, 2 bath
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Mesa, AZ 85203
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $469,900—positioned well below the $480,251 Fair Market Value by 2%. This valuation gap offers $10,351 in Instant Equity. Featuring a Fair Condition Rating, the home includes a fenced private pool and no HOA. While the interior requires modernization, the property is located near top-rated elementary schools. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build value through cosmetic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1738 N NEVADA Way Subject | $469,900* List Price | 4 | 2 | 1,809 | $265 | - |
A 1639 N DRESDEN -- Sold | $539,000 | 4 | 2 | 2,049 | $263 | 0.4 mi |
B 1837 N DALEY -- Sold | $572,500 | 5 | 3 | 2,228 | $257 | 0.8 mi |
C 1663 N DORAN -- Sold | $525,000 | 5 | 3 | 2,400 | $219 | 0.6 mi |
D 1310 N LESUEUR -- Sold | $485,000 List Price | 3 | 2 | 1,579 | 0.7 mi | |
E 1663 N DORAN -- Sold | $525,000 | 5 | 3 | 2,400 | $219 | 0.6 mi |
F 1926 N ASHLAND -- Active | $499,999 List Price | 4 | 2 | 2,082 | $240 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1986 (approx. 40 years old) and, while functional and move-in ready, it is significantly dated. The interior features original-style cabinetry, popcorn ceilings, and 1980s-era bathroom fixtures. Although the exterior received new paint in 2026 and the pool appears well-maintained, the kitchen and baths require modernization to meet current standards, fitting the criteria for a property over 20 years old needing updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7998, living area = 1809.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The seller is offering a $10,000 credit toward rate buydowns or closing costs, providing substantial financial relief and increased affordability for potential buyers in a high-interest environment.
The listing has undergone four price reductions within its first 38 days on the market, suggesting that the initial valuation was misaligned with current buyer expectations.
While the elementary schools in the area are highly rated (8-9/10), the assigned high school has a significantly lower rating of 3, which may deter families with older children.
This 4-bed, 2-bath North Mesa home has what most buyers spend months searching for: a fenced private pool, no HOA, no rear neighbors, and brand new exterior paint in May 2026. Set in the established Park of the Canals neighborhood of 85203, the home offers 1,809 sq ft of single story living with a 4-bedroom layout, a backyard built for Arizona outdoor living, and no HOA fees cutting into your budget. This combination doesn't sit long. *Some photos are virtually staged or enhanced.* 2 cats in home, they hide, just be aware that they are present to avoid surprises. Close front door, back door, and back door behind you so none escape, although they should not do so.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 2.8 mi
Grades K-6 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,809 | - |
| Lot Size | 7,998 | - |
| Price | $469.9K | $476.2K |
| Price per sq ft | $260 | $271 |
| Built year | 1986 | 0 |
| HOA | $0 | $0 |
| Days on market | 50 | 2611 |
Jun 24, 2026
$469,900
$478,000
-2% Price Drop
Initial Listing
Jun 19, 2026
$478,000
$492,900
-3% Price Drop
Initial Listing
Jun 12, 2026
$492,900
$497,900
-1% Price Drop
Initial Listing
Jun 3, 2026
$497,900
Initial Listing
Aug 26, 1998
$130,000
Public Record