
Mesa, AZ 85204
This Corner-Lot Residential Property is a Prime Investment Opportunity, listed at $395,000—positioned well below the $404,513 Fair Market Value by 2%. This valuation gap offers $9,513 in Instant Equity. Boasting a Good Condition Rating, the home features high-value updates including a 2022 roof, energy-efficient windows, and a covered patio. While move-in ready, the functional 4-bedroom layout provides clear upside through minor cosmetic interior updates. This is an exceptional value-play for Owner-Occupants or first-time buyers looking to build wealth immediately.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2403 E INVERNESS Avenue Subject | $395,000* List Price | 4 | 2 | 1,428 | $283 | - |
A 2220 E JEROME Avenue Sold | $480,000 | 3 | 2 | 1,460 | $329 | 0.2 mi |
B 2505 E HOLMES Avenue Sold | $290,000 List Price | 3 | 2 | 1,343 | 0.5 mi | |
C 2449 E IMPALA Avenue Sold | $424,990 List Price | 4 | 2 | 1,778 | 0.1 mi | |
D 2220 E JEROME Avenue Sold | $480,000 | 3 | 2 | 1,460 | $329 | 0.2 mi |
E 1827 E HAMPTON Avenue Sold | $489,000 List Price | 4 | 2 | 1,759 | 0.8 mi | |
F 1756 E HARMONY Avenue Active Under Contract | $420,000 List Price | 4 | 2 | 1,522 | $276 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1979, the property is well-maintained and move-in ready with significant recent capital improvements including a 2022 roof, energy-efficient windows, and fresh exterior paint. The kitchen and bathrooms have been updated with modern counters, stainless steel appliances, and newer vanities, placing it in the 'Good' category despite the age of the structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7406, living area = 1428.
The property features high-value updates including a new roof (2022), energy-efficient windows, and fresh exterior paint, reducing immediate maintenance costs and improving utility efficiency.
Priced below market comparables on a desirable corner lot with no HOA, this home offers a clear opportunity for buyers to secure immediate equity with minimal cosmetic effort.
The home requires a full interior paint refresh and minor aesthetic updates to modernize the living spaces and reach its full market potential.
Fitting four bedrooms into 1,428 square feet results in smaller individual room sizes, which may feel restrictive for buyers seeking more spacious secondary bedrooms.
Positioned on a corner lot with quick access to the US-60, this property stands out as a strong value with clear upside. Priced below comparable sales, it offers buyers the opportunity to step into immediate equity with minimal effort. The home is move-in-ready, with interior paint being the primary update needed to elevate it further--making it a straightforward opportunity to improve value without taking on a full renovation. Major updates have already been completed, including energy-efficient windows, a 2022 roof, and fresh exterior paint. These improvements support lower utility costs, better insulation, and reduced maintenance over time. Inside, the layout is open and functional, with natural flow between the main living areas. A fireplace anchors the living space, and the k --featuring an updated backsplash--connects directly to the main areas for practical, everyday use. The primary suite offers a well-sized layout with ample closet space, while the additional bedrooms provide flexibility for a range of needs. The primary bathroom includes added under-sink storage for organization. The backyard is fully fenced and designed to be usable from day one. A covered patio provides shaded outdoor space, and the large concrete pad offers flexibility for recreation, outdoor seating, or future improvements. Between the corner lot, completed major updates, below-market pricing, and minimal work required, this property presents a clear opportunity for buyers looking to secure value and build equity immediately.
No exterior & parking available.
Grades PK-6 • 1.0 mi
Grades 8-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 60% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,428 | 1,601 | 38% |
| Lot Size | 7,406 | 7,325 | 55% |
| Price | $395.0K | $365.0K | 59% |
| Price per sq ft | $277 | $218 | 68% |
| Built year | 1979 | 1980 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 2246 | 1% |
Apr 6, 2026
$395,000
Initial Listing