230 N 62ND Street, Mesa, AZ 85205, Mesa, 85205 - 2 bed, 2 bath
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Mesa, AZ 85205
This updated 55+ residence is a Strong Value Opportunity, listed at $310,000—positioned well below the $349,833 Fair Market Value by 11%. This valuation gap provides $39,833 in Instant Equity. Boasting a Good Condition Rating, the home features a newer roof, HVAC, and windows, alongside a functional screened Arizona Room and attached workshop. Residents benefit from a low $220/year HOA and proximity to the 9/10 rated Franklin Elementary School. This is an ideal acquisition for Owner-Occupants seeking a turnkey lifestyle or Buy-and-Hold Investors targeting the stable 55+ rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 230 N 62ND Street Subject | $310,000* List Price | 2 | 2 | 1,312 | $267 | - |
A 6522 E ELLIS Street Sold | $321,000 | 2 | 2 | 1,118 | $287 | 0.9 mi |
B 6252 E BILLINGS Street Sold | $267,500 | 2 | 2 | 1,590 | $168 | 0.1 mi |
C 5840 E BILLINGS Street Sold | $392,500 | 2 | 2 | 1,366 | $287 | 0.4 mi |
D 641 N 65TH Street Sold | $350,000 List Price | 2 | 2 | 1,211 | 0.6 mi | |
E 6050 E BOISE Street Pending | $339,000 List Price | 2 | 2 | 1,200 | $283 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant recent updates to major systems, including the roof, HVAC, and windows. While the home was built in 1972, the interior features updated flooring, a renovated master bedroom with a walk-in shower, and a well-maintained kitchen. The presence of functional, updated components and the absence of immediate required repairs place it firmly in the 'Good' category for its age and market segment.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7204, living area = 1312.
Elementary School: Franklin Elementary School (9/10).
The property features significant high-value improvements including a newer roof, AC system, windows, and flooring, minimizing immediate capital expenditures for the buyer.
Built in 1972, the home may have underlying plumbing or electrical components nearing the end of their functional lifespan despite the visible surface-level updates.
Located in a 55+ age-restricted community, the potential buyer pool is significantly limited, which can impact future resale liquidity compared to non-restricted neighborhoods.
Welcome to this 2B/2B 2 Car Garage home in the beautiful 55+ community of Velda Rose Estates. Easy care rock front and backyard. Lots of updates, flooring, windows, Roof, AC. Updated Master BR, walk in shower, Bright Kitchen, open living room/dining room. Inside Washer/Dryer included. 2 Refrigerators included. Screened in Arizona Room. Garage has attached workshop. Community is very active with 2 heated pools 2 hot tubs and 2 clubhouses. Pool aerobics M-F, Yoga M-W-F, monthly dinners, potlucks, bridge, bingo, cornhole. HOA $220/YEAR.
No exterior & parking available.
Grades PK-6 • 1.5 mi
Grades PK-6 • 2.5 mi
Grades K-6 • 5.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 35% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,312 | 1,542 | 30% |
| Lot Size | 7,204 | 7,543 | 27% |
| Price | $310.0K | $310.0K | 50% |
| Price per sq ft | $236 | $216 | 57% |
| Built year | 1972 | 1983 | 32% |
| HOA | $220 | $0 | 93% |
| Days on market | 16 | 2231 | 1% |
Apr 6, 2026
$310,000
Initial Listing