1854 E DOWNING Street, Mesa, AZ 85203, Mesa, 85203 - 4 bed, 2 bath
Loading property details...
Mesa, AZ 85203
This Turnkey Single-Family Residence represents a Strong Value Opportunity, listed at $485,000—positioned well below the $555,017 Fair Market Value by 12%. This valuation gap provides $70,017 in Instant Equity. With a Condition Rating of 3, the home features modern updates, a deep diving pool, and conveys fully furnished. Located near top-rated Franklin Elementary schools, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home with significant financial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1854 E DOWNING Street Subject | $485,000* List Price | 4 | 2 | 1,693 | $328 | - |
A 323 N HUNT Drive E Sold | $450,000 | 4 | 2 | 1,842 | $244 | 0.7 mi |
B 1539 E 3RD Street Sold | $399,000 | 3 | 2 | 1,274 | $313 | 0.8 mi |
C 1539 E 3RD Street Sold | $399,000 | 3 | 2 | 1,274 | $313 | 0.8 mi |
D 331 N HUNT Drive N Active | $424,900 List Price | 4 | 2 | 1,776 | $239 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1972, the property has undergone significant cosmetic renovations within the last 5-15 years. The interior features updated stainless steel appliances, modern wood-look flooring, refreshed cabinetry, and updated lighting/fans. It appears well-maintained and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8599, living area = 1693.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The property conveys with all furnishings and appliances included and features no HOA fees, providing exceptional value and immediate move-in readiness for owners or short-term rental investors.
Built in 1972, the property may necessitate future capital expenditures for aging infrastructure or modern aesthetic upgrades to compete with newer inventory.
While elementary options are strong, the assigned junior high and high schools carry lower ratings, which could impact long-term resale appeal for education-focused families.
Quiet Well Maintained Neighborhood with no HOA! Deep diving pool for all heat comfort and relaxing backyard with covered patio and natural grass yard! Extra Bonus all furnishings, items in the property are included and will convey with the sale! Stainless Steel Kitchen appliances, extra refrigerator and washer and dryer in the utility/pool room. This cozy home has all the extra space you need and is perfectly located with easy access to the 202 and nearby many restaurants, parks, schools and shopping!
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades K-6 • 2.0 mi
Grades K-6 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,693 | 2,164.5 | 39% |
| Lot Size | 8,599 | 10,262.5 | 32% |
| Price | $485.0K | $399.0K | 71% |
| Price per sq ft | $286 | $202 | 82% |
| Built year | 1972 | 1983 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 2315 | 3% |
May 30, 2026
$485,000
Initial Listing