2251 E ASPEN Avenue, Mesa, AZ 85204, Mesa, 85204 - 3 bed, 2 bath
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Mesa, AZ 85204
This Value-Add Residential Asset is listed at $380,000, positioned above the $278,254 Fair Market Value. The property requires a comprehensive overhaul, carrying a Condition Rating of 5 due to significant wall damage and outdated 1962 systems. However, the investment is bolstered by a Paid-Off Solar System at closing and No HOA Fees, enhancing long-term ROI. Its location near Franklin Elementary (9/10) and Franklin Junior High (10/10) ensures high demand post-renovation. This project is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2251 E ASPEN Avenue Subject | $370,000* List Price | 3 | 2 | 1,125 | $245 | - |
A 2207 E ASPEN Avenue Sold | $372,000 | 3 | 2 | 1,362 | $273 | 0.1 mi |
B 2270 E ALPINE Avenue Sold | $290,000 | 2 | 1 | 1,007 | $288 | 0.0 mi |
C 2554 E CATALINA Avenue Sold | $435,000 | 3 | 2 | 1,428 | $305 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1962 with only partial, inconsistent updates. While the kitchen has newer appliances and counters, the interior shows significant wall damage, outdated parquet flooring, and mismatched cabinetry. The age of the structure combined with visible deferred maintenance in living areas necessitates a full rehab.
Elementary School: Franklin Elementary School (9/10). Middle School: Franklin Junior High School (10/10).
The seller will pay off the solar system in full at closing, providing the new owner with immediate energy savings and increased property value without the burden of a solar loan.
With an association fee of $0, this property offers greater financial flexibility and freedom from the restrictive covenants often found in managed communities.
Built in 1962, the property may require significant cosmetic updates or system modernizations to meet the expectations of buyers looking for contemporary finishes.
At 1,125 square feet for a 3-bedroom, 2-bath layout, the interior living spaces and bedrooms may feel compact, potentially limiting appeal for larger families.
Welcome to 2251 E Aspen Ave in Mesa! This charming 3-bedroom, 2-bath home offers comfort, convenience, and great value in a desirable Mesa location. The home features a functional layout with plenty of potential for the next owner to enjoy. A major highlight is that the property has two solar systems. One solar system will be paid off in full by the owner at closing, allowing the buyer to benefit from solar without assuming that solar loan. The second solar system is a lease with a monthly payment of $69.70. Conveniently located near shopping, dining, schools, and freeway access, this is a great opportunity you don't want to miss!
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 1.1 mi
Grades K-6 • 2.7 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 | 1,125 | 1,580.5 | 11% |
| Lot Size | 6,120 | 7,355 | 19% |
| Price | $370.0K | $279.1K | 57% |
| Price per sq ft | $329 | $208 | 90% |
| Built year | 1962 | 1980 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 2369 | 1% |
May 15, 2026
$370,000
$380,000
-3% Price Drop
Initial Listing
May 7, 2026
$380,000
Initial Listing