220 N HORNE --, Mesa, AZ 85203, Mesa, 85203 - 4 bed, 1 bath
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Mesa, AZ 85203
This Value-Add Residential Asset represents a Prime Investment Opportunity with a List Price of $298,500—positioned well below the $313,899 Fair Market Value by 4%. This entry-level pricing provides $15,399 in Instant Equity for buyers ready to modernize this 1940s structure. Despite its Fair Condition Rating, the property features a private patio, no HOA restrictions, and access to top-rated schools like Franklin at Brimhall Elementary (9/10). Located in the heart of Mesa near the light rail, this project is perfectly suited for Fix-and-Flip Investors or first-time buyers looking to build sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 220 N HORNE -- Subject | $275,000* List Price | 4 | 1 | 1,174 | $252 | - |
A 655 E 2ND Street Active | $350,000 List Price | 3 | 2 | 1,150 | $304 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1940 (84 years old) with no mentioned renovations. The description's emphasis on 'adding your personal touch' and being 'priced to sell' indicates the property requires a full rehab of the kitchen, single bathroom, and likely outdated electrical/HVAC systems.
Elementary School: Franklin at Brimhall Elementary School (9/10).
Situated in the heart of Mesa with excellent proximity to the light rail, major freeways, and local dining, offering high convenience for commuters and urban dwellers.
The absence of a Homeowners Association provides owners with greater autonomy over their property and eliminates monthly association fees, increasing long-term affordability.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With four bedrooms but only one bathroom, the home’s layout may present functional challenges for larger families or multi-occupant households.
Built in 1940, the property likely requires modernization and updates to its core systems and finishes to meet contemporary standards and improve energy efficiency.
Discover endless possibilities in this little, Cozy and sweet home. located at the Mesa's Heart. located near freeway,light rail. restaurants, and shoppings. making it the perfect location. This one offers you the opportunity to add your personal touch. Enjoy the freedom of your own lot with no HOA . Perfect for First time home buyers, or families just starting out. This home is priced to sell !..Book your private tour before is gone!
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 1.1 mi
Grades K-6 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 1.0 | 2.0 | 3% |
| Square foot | 1,174 | 2,164.5 | 8% |
| Lot Size | 4,966 | 10,262.5 | 16% |
| Price | $275.0K | $394.5K | 39% |
| Price per sq ft | $234 | $202 | 61% |
| Built year | 1940 | 1983 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 2320 | 3% |
May 8, 2026
$275,000
$298,500
-8% Price Drop
Initial Listing
Apr 17, 2026
$298,500
Initial Listing