
Mesa, AZ 85213
This Rare North Mesa Basement Home is a Strong Value Opportunity, listed at $675,000—positioned well below the $714,248 Fair Market Value by 5%. This valuation gap offers $39,248 in Instant Equity. Boasting an Excellent Condition Rating, the residence features a Renovated Kitchen, new HVAC, and a rare basement layout on a quarter-acre lot with Dual RV Gates. Located near the 9/10 rated Franklin Elementary, it combines unique architectural flexibility with significant mechanical upgrades. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2253 E JAEGER Street Subject | $675,000* List Price | 5 | 3 | 2,905 | $246 | - |
A 2011 E GARY Circle Sold | $625,000 | 4 | 2 | 2,392 | $261 | 0.8 mi |
B 2226 N GENTRY -- Sold | $689,000 | 4 | 3 | 2,411 | $286 | 0.5 mi |
C 2306 N ACACIA -- Active | $725,000 List Price | 5 | 3 | 2,740 | $265 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1982, the property has undergone extensive renovations within the last 5 years that align with current market standards. The interior features a fully updated kitchen with white shaker cabinetry and granite countertops, modern luxury vinyl plank flooring throughout the main living areas, and a completely remodeled bathroom with contemporary marble-look tile work. Significant capital improvements to major systems—including a new HVAC unit, a new electrical box, and a newer water heater—ensure the home has no deferred maintenance and functions like a much newer build.
Elementary School: Franklin Elementary School (9/10).
The property features two RV gates, a dedicated RV electrical hookup, and a large quarter-acre lot, offering rare and highly sought-after storage capacity for recreational vehicles and outdoor equipment.
Recent investments including a new HVAC unit, a new electrical box, and a newer water heater provide peace of mind and reduce the immediate need for high-cost capital expenditures.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2905, other record living area = 1890.
While the local elementary school is well-rated, the assigned junior high and high schools carry lower ratings, which may be a consideration for families prioritizing top-tier district performance.
Built in 1982, the home may require ongoing maintenance or further cosmetic updates to original elements not addressed in the recent renovations to meet modern aesthetic standards.
Rare find in North Mesa. This charming basement home sits on a quarter-acre lot and offers the space, flexibility, and updates buyers are looking for. Inside, you'll find updated flooring, an updated kitchen, and a functional layout with plenty of room to spread out. Outside features include two RV gates, RV electrical hookup, room to park your toys, two sheds including one finished, and a large backyard with endless potential. Added value includes one new HVAC unit, newer water heater, new electrical box 2026, and garage door updates including springs, tracks, and hardware, plus sealed/textured garage flooring with built-in ceiling racks and wall cabinets.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 3.5 mi
Grades K-6 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 79% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,905 | 2,382 | 68% |
| Lot Size | 11,172 | 9,678 | 71% |
| Price | $675.0K | $470.0K | 78% |
| Price per sq ft | $232 | $240 | 47% |
| Built year | 1982 | 1992 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 2451 | 1% |
Apr 1, 2026
$675,000
Initial Listing