22843 E IVANHOE Street, Mesa, AZ 85212, Mesa, 85212 - 5 bed, 4 bath
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Mesa, AZ 85212
This Dual-Residence Estate is a Prime Investment Opportunity, listed at $997,700—positioned well below the $1,039,945 Fair Market Value by 4%. This valuation gap offers $42,245 in Instant Equity. The property features a Main Home and Guest House on a 1.2-Acre Lot with Horse Privileges and no HOA. While maintaining a Fair Condition Rating, the expansive lot and dual-living setup provide immense utility near 7-rated schools. It is a perfect fit for Multi-Generational Families or Owner-Occupants seeking a high-utility lifestyle asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22843 E IVANHOE Street Subject | $997,700* List Price | 5 | 4 | 3,415 | $305 | - |
A 22744 E CARLA VISTA Drive Active | $829,900 List Price | 4 | 3 | 2,400 | $346 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, the property is well-maintained and functional but shows clear signs of its age. The interior features original 90s-style elements such as the beehive fireplace, maple cabinetry, and standard ceramic tile flooring. While the addition of stainless steel appliances and some updated flooring in bedrooms provides improvement, the home has not undergone a comprehensive modern renovation within the last 15 years, placing it firmly in the fair category based on the provided criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 52572, living area = 3415.
The property features two separate homes, including a full 2-bedroom guest house with its own kitchen and garage, offering exceptional potential for multi-generational living or rental income.
Situated on a fully gated 1.2-acre lot with no HOA, this property provides rare horse privileges and ample space for RVs, work vehicles, and large-scale outdoor storage.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3415, other record living area = 2609.
Built in 1999, certain interior elements such as the maple cabinetry and beehive fireplace may feel dated to buyers seeking a more contemporary aesthetic.
While the assigned schools are well-rated, they are located over four miles from the property, which may be a drawback for families seeking immediate neighborhood proximity.
Bring your horses, toys, and freedom-NO HOA! This fully gated 1.2-acre property is set up for horse and farm animal use, with a fully fenced lot, RV gate, and ample space for trailers, equipment, and work vehicles. Two separate homes provide incredible flexibility for multi-generational living, guests, or added rental income. Main home features 2 1/2 baths, arched doorways, tile floors, and a fireplace. The eat-in kitchen boasts stainless appliances, maple cabinets, pantry, skylight, and generous counter space. Primary suite includes French doors to the back yard, large closet, and spa-like bath with dual sinks, jetted tub, and step-in shower. Large family room ideal for entertaining. The guest home includes 2 bedrooms, 1 full bathroom, a complete kitchen, and open-concept living area. Outdoors, you'll find two covered patios, a grassy area, and expansive open space ready for horses, small animals, or simply enjoying wide-open living. Don't miss this remarkable opportunity! Access to shopping, dining out and entertainment is close by with easy access to the 24 and 202 freeways. Come see all the possibilities this property has to offer!
No exterior & parking available.
Grades PK-5 • 4.3 mi
Grades 5-8 • 4.6 mi
Grades 9-12 • 4.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 85% |
| Baths | 4.0 | 3.0 | 79% |
| Square foot | 3,415 | 2,263 | 89% |
| Lot Size | 52,572 | 7,200 | 100% |
| Price | $997.7K | $499.5K | 98% |
| Price per sq ft | $292 | $233 | 87% |
| Built year | 1999 | 2014 | 14% |
| HOA | $0 | $123 | 2% |
| Days on market | 21 | 1384 | 0% |
Apr 1, 2026
$997,700
Initial Listing