
Mesa, AZ 85205
This Spacious Single Family Residence represents a High-Potential Investment Opportunity, listed at $562,900—positioned above the $537,262 Fair Market Value. While the property currently lacks an equity gap, its Condition Rating of 4 offers significant upside through targeted modernization of the original oak cabinetry and bathroom fixtures. Featuring a private pool and spa, this home is situated in a prime location near top-rated schools like Franklin Elementary. This property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build long-term equity through strategic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1816 N SALEM Street Subject | $562,900* List Price | 3 | 2 | 2,094 | $257 | - |
A 6064 E INGRAM Street Sold | $455,000 List Price | 5 | 3 | 2,205 | 0.2 mi | |
B 6420 E JENSEN Street Sold | $415,000 | 3 | 2 | 1,510 | $275 | 0.7 mi |
C 5839 E JENSEN Street Active Under Contract | $535,500 List Price | 3 | 2 | 2,031 | $264 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990, the property has undergone recent cosmetic 'lipstick' renovations including new LVP flooring, carpet, and quartz kitchen countertops. However, the home remains fundamentally dated with original 30+ year old oak cabinetry, fluorescent box lighting in the kitchen, and original gold-framed shower enclosures and glass block windows in the bathrooms which require modernization.
Elementary School: Franklin Elementary School (9/10).
With 2,094 square feet for a three-bedroom configuration, this home offers a spacious interior layout that provides more breathing room than the average property in this category.
The property is ideally situated within walking distance of Mendoza Elementary (0.32 miles) and Shepherd Junior High (0.57 miles), making it highly convenient for families.
The property has been active for 155 days, which is considerably high and may lead buyers to perceive the listing as stale or question its initial pricing strategy.
A history of four consecutive price reductions suggests the property has struggled to find its market value, which can diminish a seller's negotiating leverage.
Your Own Private Backyard Retreat 🌴☀️ 1816 N Salem St | Mesa, AZ 85205 Tucked away on a quiet cul-de-sac lot, this inviting Mesa home offers the space, comfort, and Arizona lifestyle buyers are looking for -- including a three-car garage, a private heated pool and spa, and a backyard designed for relaxing and entertaining. Step inside to an open, welcoming floor plan with vaulted ceilings, abundant natural light, and a cozy living-room fireplace that adds warmth and character. The kitchen provides plenty of room to gather with family and friends, featuring granite countertops, a center island, pantry, breakfast bar, built-in microwave, and generous dining space. ✨ Property Highlights: 🏊 Private heated pool 💦 Heated spa 🚗 Three-car Enjoy the best of northeast Mesa living from this well-positioned home in the desirable Alta Mesa area. Tucked into a quiet residential neighborhood just west of Recker Road between Brown and McKellips, the location offers a comfortable sense of privacy while keeping everyday conveniences close at hand. It is an ideal setting for buyers who want a peaceful place to come home to without feeling far removed from shopping, dining, recreation, and major transportation routes. Nearby shopping makes daily life easy. Fry's Food Stores, pharmacy services, fuel, coffee shops, casual restaurants, and neighborhood services are only a short drive away near Recker and McKellips. CVS, additional dining options, and convenient retail services are also close by near Recker and Brown. Whether you are picking up groceries, meeting a friend for coffee, grabbing dinner after work, or taking care of everyday errands, you can accomplish what you need without traveling across town. The surrounding area also offers plenty of ways to stay active and enjoy Arizona living. Alta Mesa Park provides open green space for a relaxing walk, outdoor play, or time with family. Golf enthusiasts will appreciate the proximity to Alta Mesa Golf Club, while pickleball players can enjoy nearby indoor courts at The Picklr. The neighborhood is also well situated for exploring the greater East Valley, with convenient access to the Loop 202 Red Mountain Freeway for trips to Tempe, Scottsdale, Phoenix, and surrounding communities. After a busy day, return to your own private retreat. The home's pool, spa, covered patio, and cul-de-sac setting create a comfortable place to unwind, entertain friends, or enjoy a quiet evening outdoors. This location strikes a wonderful balance: close to the places you visit most, convenient for commuting, and surrounded by the relaxed neighborhood atmosphere that makes Alta Mesa such an appealing place to live.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades PK-6 • 1.2 mi
Grades PK-6 • 4.1 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 | 2,094 | 1,596.5 | 80% |
| Lot Size | 7,918 | 7,525 | 61% |
| Price | $562.9K | $282.5K | 92% |
| Price per sq ft | $269 | $204 | 74% |
| Built year | 1990 | 1984 | 85% |
| HOA | $59 | $0 | 68% |
| Days on market | 162 | 2309 | 1% |
Jun 9, 2026
$562,900
$567,000
-1% Price Drop
Initial Listing
May 1, 2026
$567,000
$569,000
+0% Price Increase
Initial Listing
Apr 24, 2026
$569,000
$576,000
-1% Price Drop
Initial Listing
Jan 5, 2026
$576,000
Initial Listing