2040 S Longmore Street 49, Mesa, AZ 85202, Mesa, 85202 - 3 bed, 2 bath
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Mesa, AZ 85202
This Versatile Multi-Level Townhouse is a Strong Value Opportunity, listed at $193,995—positioned well below the $209,904 Fair Market Value by 7%. This valuation gap provides $15,909 in Instant Equity. While maintaining a functional Condition Rating of 4, the home features a flexible loft-style third bedroom and access to premium Dobson Ranch amenities including pools and tennis. With the seller paying the remainder of 2026 HOA dues and proximity to the 9/10 rated Franklin at Brimhall Elementary, this is an ideal acquisition for First-Time Buyers or Buy-and-Hold Investors seeking a value-add asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2040 S Longmore Street 49 Subject | $193,995* List Price | 3 | 2 | 1,156 | $168 | - |
A 2232 W LINDNER Avenue 29 Sold | $241,000 | 3 | 3 | 1,531 | $157 | 0.7 mi |
B 2146 W ISABELLA Avenue 121 Sold | $231,500 | 2 | 2 | 1,092 | $212 | 0.7 mi |
C 1645 W BASELINE Road 2123 Sold | $239,900 List Price | 2 | 2 | 1,190 | 0.1 mi | |
D 1645 W BASELINE Road 2072 Active | $217,500 List Price | 2 | 3 | 1,190 | $183 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981, the property is over 40 years old and remains largely dated. While the kitchen features updated stainless steel appliances, the cabinetry, fluorescent light box, and popcorn ceilings are original or aged (>20 years). The home appears functional and move-in ready but requires cosmetic modernization and likely updates to older systems to meet current standards.
Elementary School: Franklin at Brimhall Elementary School (9/10).
Priced under $200,000 with a significant seller incentive to pay the remainder of 2026 HOA dues, this property offers an affordable entry point into the Mesa market.
The unique three-level floor plan features a loft-style third bedroom that provides excellent flexibility for use as a home office, den, or creative flex space.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1296, other record lot size in square feet = 528.
The monthly association fee of $419 is relatively high compared to the listing price, which may impact the debt-to-income ratio for budget-conscious buyers.
With three bedrooms but only 1.5 bathrooms, the property may face functional challenges for larger households or roommates sharing the single full bath.
SELLER OFFERING TO PAY REMAINDER OF 2026 HOA DUES. Great opportunity in the highly desirable Dobson Ranch community! This 3-bedroom, 1.5-bath, 3-level townhouse offers a versatile floor plan with a loft-style third bedroom that can also function as a den, office, or flex space. The eat-in kitchen features stainless steel appliances and opens to the main living area, creating a comfortable space for everyday living. The primary bedroom includes a walk-in closet with direct access to the bathroom. A half bath with laundry area is conveniently located on the main level, with washer and dryer available. The upper loft area includes additional storage and an added fire escape. Enjoy a low-maintenance front patio space with storage and access to community amenities including pools and tennis courts. Located near shopping, dining, and easy freeway access in the heart of Mesa.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades PK-6 • 1.1 mi
Grades K-6 • 3.2 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 | 1,156 | 1,188 | 40% |
| Lot Size | 1,296 | 1,285 | 60% |
| Price | $194.0K | $220.0K | 40% |
| Price per sq ft | $168 | $168 | 50% |
| Built year | 1981 | 1981 | 50% |
| HOA | $419 | $279 | 80% |
| Days on market | 98 | 3200 | 20% |
Mar 13, 2026
$193,995
Initial Listing