2531 W CAMPO ALEGRE Circle, Mesa, AZ 85202, Mesa, 85202 - 3 bed, 2 bath
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Mesa, AZ 85202
This Spacious Value-Add Residence represents a High-Potential Investment Opportunity, listed at $510,000—positioned well below the $533,865 Fair Market Value by 4%. This strategic pricing offers $23,865 in Instant Equity. While the home holds a Condition Score of 4 with well-maintained but dated finishes, the 1,817 sqft layout and Arizona Room provide a solid foundation for modernization. Located near the 9/10 rated Franklin Elementary School and premier community amenities, it is perfect for Owner-Occupants looking to build wealth or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2531 W CAMPO ALEGRE Circle Subject | $460,000* List Price | 3 | 2 | 1,817 | $249 | - |
A 2552 W KIVA Avenue Sold | $590,000 List Price | 4 | 2 | 2,041 | 0.3 mi | |
B 1756 W ISABELLA Avenue Sold | $578,500 | 3 | 2 | 1,913 | $302 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained but reflects its 1974 build date with many original or dated features, including green shag carpeting, wood wall paneling, popcorn ceilings, and a kitchen with older white appliances and fluorescent light boxes. While the primary bathroom has been updated with granite countertops and the home appears clean and functional, it requires significant cosmetic modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9666, living area = 1817.
Elementary School: Franklin Elementary School (9/10).
The property is ideally situated near a robust community area that includes pools, playgrounds, a lake, and courts for basketball and pickleball, offering an active lifestyle for residents.
Built in 1974 and marketed as an opportunity to 'add your personal style,' the home likely requires cosmetic updates or full renovations to meet modern design standards.
While the local elementary school is highly rated, the assigned junior high and high schools have lower performance ratings, which may be a concern for families prioritizing education.
Welcome to this charming three bedroom, two bathroom home featuring two spacious living areas and a formal dining room. Both bathrooms feature dual sinks with granite countertops in the primary bathroom. There's plenty of storage with multiple hall closets, a walk-in closet in the primary bedroom, and a walk-in pantry. The Arizona room provides flexible additional space perfect for enjoying AZ's cool winter nights and summer mornings. Enjoy the low maintenance desert landscaping in the front and back yards, along with a prime location near the community area with pools, playgrounds, picnic areas, a basketball court, pickleball courts, and lake. This home offers a great opportunity to make it your own, with room to add your personal style!
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades PK-6 • 2.1 mi
Grades K-6 • 3.8 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 | 1,817 | 1,752 | 52% |
| Lot Size | 9,666 | 7,675 | 84% |
| Price | $460.0K | $419.9K | 63% |
| Price per sq ft | $253 | $249 | 55% |
| Built year | 1974 | 1978 | 24% |
| HOA | $176 | $52 | 97% |
| Days on market | 20 | 2432 | 1% |
Apr 17, 2026
$460,000
$510,000
-10% Price Drop
Initial Listing
Apr 2, 2026
$510,000
Initial Listing