2137 W 1ST Place, Mesa, AZ 85201, Mesa, 85201 - 3 bed, 2 bath
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Mesa, AZ 85201
This Updated Mid-Century Residence is a Prime Investment Opportunity with a List Price of $459,900—positioned well below the $471,231 Fair Market Value by 2%. This valuation gap provides $11,331 in Instant Equity. Boasting a Condition Rating of 3, the home features a renovated kitchen, updated bathrooms, and a spacious private patio on a large 8,712 sqft lot with No HOA. Located minutes from ASU and major freeways, with access to the 9/10 rated Franklin Elementary School, it is an ideal acquisition for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2137 W 1ST Place Subject | $459,900* List Price | 3 | 2 | 1,670 | $282 | - |
A 2261 W ELLA Street Sold | $369,000 | 3 | 2 | 1,626 | $227 | 0.2 mi |
B 2261 W ELLA Street Sold | $369,000 | 3 | 2 | 1,626 | $227 | 0.2 mi |
C 1561 W 5TH Street Sold | $450,000 | 3 | 2 | 1,415 | $318 | 0.9 mi |
D 1755 W Auburn Street Sold | $395,000 | 3 | 2 | 1,268 | $312 | 0.5 mi |
E 2030 W 1ST Street Sold | $359,000 | 3 | 1 | 1,027 | $350 | 0.1 mi |
F 1755 W AUBURN Street Sold | $395,000 | 3 | 2 | 1,275 | $310 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1958, the home features a renovated kitchen with stainless steel appliances, updated white cabinetry, and modern tile flooring likely completed within the last 5-15 years. The bathrooms have been updated with newer vanities, and the overall interior is well-maintained and move-in ready, fitting the criteria for a functional, updated older home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1670.
Elementary School: Franklin Elementary School (9/10).
The property boasts exceptional proximity to major transit arteries including the 101, US-60, and 202, providing quick access to ASU, Tempe Marketplace, and Scottsdale.
Built in 1958, the home may require updates to major mechanical, electrical, or plumbing systems to meet modern efficiency standards and buyer expectations.
While there are high-rated specialty schools in the area, the immediate neighborhood public schools carry low ratings (2/10 and 3/10), which may be a concern for families prioritizing education.
You can't beat the location of this amazing home. It is only minutes from everything you need. You'll be close to the 101, US-60, 202, Tempe Marketplace, ASU, and south Scottsdale. The landscaping is easy to maintain and there is a pretty open floor plan with separate living & family rooms. The kitchen offers tile countertops and tile backsplash, and plenty of cabinet storage space. Ceiling fans in all the bedrooms which are good sized. This is an ideal starter home if you're a first time buyer and would also make a fantastic rental. Come see this one for yourself. We know you won't be disappointed.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades K-6 • 2.8 mi
Grades K-6 • 5.0 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 | 1,670 | 1,588 | 66% |
| Lot Size | 8,712 | 8,407 | 54% |
| Price | $459.9K | $240.0K | 83% |
| Price per sq ft | $275 | $212 | 66% |
| Built year | 1958 | 1962 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 83 | 2343 | 2% |
Mar 15, 2026
$459,900
Initial Listing